Ripple CEO “Particularly Excited” About Native AMMs

Ripple CEO Brad Garlinghouse recently expressed his excitement about the native Automated Market Maker (AMMs) feature in the company’s latest quarterly report. He described it as one of the largest updates on the XRPL. The AMM feature, which replaces traditional order books with liquidity pools, was activated in Q1, marking a significant milestone for the XRPL. However, the launch of the feature faced some technical challenges due to a critical bug, which was later resolved by developers. The AMM functionality was then integrated into the XRP Ledger’s mainnet in early April. Moving forward, Ripple will include AMM volume in the DEX volume in its quarterly reports. In addition to the AMM feature, Ripple also highlighted other key developments in its report, including its legal battle with the SEC, the approval of Bitcoin ETFs, and global regulatory developments. The report also mentioned that volatility levels in the XRP markets remained elevated.