XRP Ledger Breaks Important Milestone, Over 10 Million XRP Locked in AMM Pools

According to data, XRP Ledger (XRPL) recently reached a major milestone: the number of XRP locked in automated market maker (AMM) pools exceeded 10 million. Although the current total has slightly decreased to 9.6 million XRP, this development marks an important moment for the XRPL ecosystem.

Since its launch in late March, the amount of AMM pools locked has soared from 325,983 tokens to nearly 10 million. These tokens are distributed across 593 pools, and new pools are added regularly.

- **Leader Pool**: Magnetic Token Pool (MAG), with 3,602,530 XRP locked.

- **Second Place**: xGO Pool, with 921,270 XRP locked.

- **Third place**: A pool related to CRYPTO, which locked 651,269 XRP, is a black hole account that cannot sign transactions or issue new tokens.

The increase in the amount of XRP locked in AMM pools reflects the community's growing interest in decentralized exchanges. AMMs play a key role in providing liquidity and seamless exchange of assets based on mathematical formulas, supported by smart contracts.

This milestone shows strong investor confidence and highlights the growing decentralized financial ecosystem on the XRP Ledger. As XRPL continues to develop and innovate, the use of AMM pools is expected to provide an efficient and decentralized trading mechanism for XRP and other assets such as Magnetic.

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