While everyone seems to be focused on the litigation developments between Ripple Labs and the United States Securities and Exchange Commission, XRP Ledger has reached an important milestone. 🎉

XRP Ledger (XRPL) is a public blockchain designed to allow fast, low-cost, real-time transfers of fiat currencies, XRP and other digital assets. The network has achieved the significant feat of locking more than 10 million XRP tokens in AMM pools. However, this number has dropped slightly in recent hours and there are currently 8.9 million XRP locked in approximately 600 AMM pools. 🔒

AMM stands for automatic market maker. The purpose of pools is to provide liquidity on the XRP ledger's decentralized exchange. Each pool consists of two assets, and users can swap between them at an exchange rate determined by a formula. Those who lock XRP in pools are called liquidity providers, and in return they receive LP tokens (yield) from the automated market maker.

Therefore, increasing share in AMM pools generally indicates increased investor confidence. This is especially true considering the price of XRP has failed to make any significant move over the past few weeks. However, the cryptocurrency is reportedly on the verge of a major move. This is because its price has been stuck in the current range for a long time. However, this usually does not last long.

However, the direction of the boom will likely determine Ripple's medium-term trend.