The XRP Ledger (XRPL) automated market maker (AMM) has locked more than 10 million XRP, but the XRP price has not seen significant growth.

key point

- The XRP Ledger protocol reaches the 10 million XRP milestone.

- XRPL AMM attracts more users and developers, reflecting the growth of the decentralized finance (DeFi) ecosystem.

- The AMM mechanism relies on a liquidity pool, where assets are priced algorithmically, and users can earn transaction fees by providing liquidity.

- XRPL’s Central Limit Order Book (CLOB) has been an important part of it since its inception.

- The increased liquidity of XRPL AMM may attract more participants, thereby promoting innovation and development in the DeFi field.

- There are misunderstandings about the liquidity provision of XRPL AMM, Anodos Finance co-founder Panos Mekras clarifies the relevant information.

- Although the XRPL AMM reached the 10 million XRP milestone, the XRP price has yet to improve significantly and is currently trading at $0.4728.