Ripple’s underlying XRPL blockchain is set to unlock a wide range of decentralized finance (DeFi) capabilities following the launch of a natively built automated market maker (AMM) protocol.
Ripple recently announced the release of the XLS-30 AMM protocol, built in partnership with the XRPL community, as a feature to benefit its blockchain ecosystem.
The AMM is expected to expand the DeFi capabilities of the XRPL ecosystem and enable cross-chain DeFi use cases across 50 blockchains.
XRPL’s blockchain ecosystem has an existing decentralized exchange (DEX) featuring a conventional order book, which does not include some of the advanced features that new DeFi protocols have pioneered over the past two years.
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