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XRPL Community Magazine #8# is almost here 📖 First look at the Real-World Utility cover 👀 More soon… #XRPL#
XRPL accounts can now delegate specific permissions without sharing primary keys. Custom spending limits are unsupported, and developers warn against delegating PaymentBurn until a fix activates; a flaw can let delegates mint tokens. via @hardeyjumoh
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XRPL held $1.34B in tracked stablecoins on Oct. 7, @DefiLlama reports. That balance does not measure $XRP demand. Fees and reserves require XRP; larger demand depends on routing and liquidity inventory. Analysis by @akibablade
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XRPL Update 📰 XRP Ledger's Batch amendment (XLS-56), backed by over 85% of validators, is set to activate Oct 9, letting up to 8 transactions settle atomically. Great news for the $XRP community 👏
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xrpld 3.4.1 is being released with a Batch fix and stability improvements. We’re asking validators and node operators to upgrade as soon as possible. There has been no impact to mainnet, and no loss of funds. There is also a new fix amendment, fixBatchV1_2, which addresses a minor issue with Batch that does not pose a risk to funds. The amendment is marked as Default Yes. Both Batch and the fix amendment are in the activation period and set to activate in 2 weeks. A detailed technical report will be shared after the fix amendment has been activated.
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XRPL has been bucking the trend. While stablecoins across platforms have been contracting, they’ve been growing on the ledger. RLUSD outstanding is up 39% since May 20, to $934M. Across platforms, there are about 6% fewer stablecoins in circulation than in May when things peaked, roughly $20B less. All this per our analysis of ledger data last week. And on XRPL, it’s moving. In the past 30 days: ~$450M issued on XRP, ~$450M redeemed. Ethereum: $403M issued, $177M redeemed. This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:
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XRPL weekly DEX volume climbs 45% as daily transactions approach 3 million The ledger processed $19.89 million in DEX volume over seven days and 2.96 million transactions in 24 hours, with 48,403 active addresses. Onchain trading still only makes up about 0.04% of ripple:native volume against centralized venues. DeFi TVL sits at $29.97 million, and ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed holds 88% of the chain's $920 million stablecoin supply. Those 2.96 million transactions produced $333 in chain fees over the same period, with app-level fees at $26,874, per DefiLlama data.
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xrpld: THE MIGRATION The XRP Ledger is migrating from rippled to xrpld. xrpld v3.2.0 introduces the fixCleanup3_2_0 amendment, along with various improvements and fixes. All validators and node operators are encouraged to migrate to xrpld v3.2.0 and review their infrastructure to ensure a smooth transition. Release Notes: Migration Script by @Vet_X0 According to data from @XRPScan and @Bithomp, approximately 18% of nodes are currently running xrpld v3.2.0. We appreciate the efforts of all operators participating in this important network transition. #xrpl# #xrpld#
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