XRPL blockchain integrates with cross-chain DeFi

Ripple has introduced its newly developed XLS-30 automated market maker (AMM) protocol, which is expected to enhance the decentralized finance (DeFi) capabilities of the XRPL blockchain ecosystem. The AMM, built in partnership with the XRPL community, aims to offer cross-chain DeFi solutions across 50 different blockchains. Unlike the existing XRPL decentralized exchange (DEX) that operates solely on order books, the AMM integrates order books to provide traders with the best price across both systems and allows liquidity providers to earn yield on their excess liquidity. While the AMM does not currently have built-in compliance features, Ripple is exploring the possibility of incorporating on-chain regulatory compliance to attract institutional adoption of its protocol. Furthermore, integration with cross-chain messaging services like Axelar will expand the reach and utility of XRPL-based DeFi solutions. Overall, the launch of the XLS-30 AMM protocol is expected to unlock a wide range of DeFi capabilities on the XRPL blockchain ecosystem.