According to U.Today, Ripple CEO Brad Garlinghouse recently discussed the company's latest quarterly report, emphasizing the activation of the automated Market Maker (AMM) feature in Q1. Garlinghouse described this as 'one of the largest updates' on the XRPL.
The AMM feature, which allows traditional order books to be replaced with liquidity pools, was launched in late March. Ripple's David Schwartz stated that the feature's rollout marked 'a significant moment' for the XRPL. However, the launch was not without its issues. A critical bug hindered the feature's intended functionality, which was later resolved by developers. The AMM feature was subsequently integrated into the XRP Ledger's mainnet in early April.
In addition to the AMM feature, the report also highlighted other significant developments. These include Ripple's ongoing legal battle with the SEC over the size of fines and penalties, the approval of Bitcoin ETFs, and global regulatory developments. Ripple also provided an update on the state of XRP markets, noting that volatility levels remained 'elevated.' In future quarterly reports, Ripple plans to include AMM volume in the DEX volume.