{"id":552548,"date":"2023-09-22T16:00:35","date_gmt":"2023-09-22T16:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=552548"},"modified":"2024-06-11T07:59:50","modified_gmt":"2024-06-11T07:59:50","slug":"xrp-ledger-defi-force","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-defi-force\/","title":{"rendered":"Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With"},"content":{"rendered":"<p><span style=\"font-weight: 400\">After the XRP token recorded an all-time high in daily trading volumes for crypto exchanges in the US, the Ripple ecosystem has achieved a new milestone, successfully hitting over 82 million registered ledgers on its XRP Ledger.\u00a0<\/span><\/p>\n<h2>XRP Ledger Surpasses 82 Million Ledgers<\/h2>\n<p><span style=\"font-weight: 400\">XRP Ledger, a decentralized public blockchain backing the XRP token has <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-ledger-on-fire-daily-transactions-skyrocket-10-7-in-q1-2023\/\"><span style=\"font-weight: 400\">gained recognition<\/span><\/a><span style=\"font-weight: 400\"> for its unique consensus algorithm and incorporation of the XLS-20 protocol. The leading cryptographic ledger reported that it had closed approximately 82,035,421 registered ledgers on its blockchain.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/10000-xrp-price\/\">Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In<\/a><\/div>\n<p><span style=\"font-weight: 400\">This achievement follows another milestone in August where XRPL successfully locked in 81 million ledgers. The blockchain ledger\u2019s rapid growth has been a significant achievement for the ecosystem, emphasizing XRPL\u2019s commitment to decentralization and <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-funded-research-speed-up-xrp-ledger\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">focus on speed<\/span><\/a><span style=\"font-weight: 400\">, scalability, and security.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A blockchain researcher, Collin Brown announced details of XRPL\u2019s recent achievements in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/collinbrownxrp\/status\/42935431?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> on Thursday, September 21. Brown was enthusiastic about the current development in the XRP ecosystem and even suggested that the XRP blockchain ledger is on its way to becoming an adversary to crypto giants in the space like Bitcoin and Ethereum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWith over 82 million ledgers successfully closed, the XRPL continues to make history. The XRPL&#8217;s growth in NFTs positions it as a STRONG competitor to Ethereum, paving the way for increased XRP adoption!\u201d Brown said.\u00a0<\/span><\/p>\n<h2>XLS-20 Feature Drive Crypto Adoption And Growth For XRPL<\/h2>\n<p><span style=\"font-weight: 400\">The XRP Ledger has long been celebrated for its advanced scalability and decentralization features. However, with the introduction of the XLS-20 feature in 2022, XRPL has emerged as a force to be reckoned with in the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-xrp-launches-250-million-creator-fund-to-bolster-nfts-on-xrpl\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">NFT ecosystem<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The XLS-20 protocol delivers new features to the XRP ledger. According to Brown, XLS-20 is integrated with special features like minting and burning, automated royalties, DEX integration, and traditional NFTs.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/trouble-for-bitcoin-price\/\">Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">XRPL has also recorded over 1.9 million <\/span><a href=\"https:\/\/bitcoinist.com\/nfts-on-xrp-ledger-gain-momentum\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">NFTs minted on the ledger<\/span><\/a><span style=\"font-weight: 400\"> and almost 30,000 user accounts own 1.6 million of the minted NFTs. Additionally, approximately $12.8 million worth of NFT assets have been sold in one-step transactions on the blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While XRPL\u2019s foray into the NFT sector has sparked major interest among creators and collectors in the space, the <\/span><a href=\"https:\/\/bitcoinist.com\/future-of-xrp-ledger\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRPL ecosystem<\/span><\/a><span style=\"font-weight: 400\"> has also reported upcoming upgrades in its layer 2 smart contract platform, <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\/\"><span style=\"font-weight: 400\">Evernode<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to reports, the Evernode network will be featuring new upgrades that improve the reliability and sustainability of the platform, while also furthering crypto and NFT adoption and innovation in the space.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/IWXCIm2T\/\" alt=\"XRP price chart from Tradingview.com (XRP Ledger)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">Token price still trending above $0.5 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Finbold, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After the XRP token recorded an all-time high in daily trading volumes for crypto exchanges in the US, the Ripple ecosystem has achieved a new milestone, successfully hitting over 82 million registered ledgers on its XRP Ledger.\u00a0 XRP Ledger Surpasses 82 Million Ledgers XRP Ledger, a decentralized public blockchain backing the XRP token has gained recognition for its unique consensus algorithm and incorporation of the XLS-20 protocol. The leading cryptographic ledger reported that it had closed approximately 82,035,421 registered ledgers on its blockchain.\u00a0 Related Reading: Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In This achievement follows another milestone in August where XRPL successfully locked in 81 million ledgers. The blockchain ledger\u2019s rapid growth has been a significant achievement for the ecosystem, emphasizing XRPL\u2019s commitment to decentralization and focus on speed, scalability, and security.\u00a0 A blockchain researcher, Collin Brown announced details of XRPL\u2019s recent achievements in an X (formerly Twitter) post on Thursday, September 21. Brown was enthusiastic about the current development in the XRP ecosystem and even suggested that the XRP blockchain ledger is on its way to becoming an adversary to crypto giants in the space like Bitcoin and Ethereum.\u00a0 \u201cWith over 82 million ledgers successfully closed, the XRPL continues to make history. The XRPL&#8217;s growth in NFTs positions it as a STRONG competitor to Ethereum, paving the way for increased XRP adoption!\u201d Brown said.\u00a0 XLS-20 Feature Drive Crypto Adoption And Growth For XRPL The XRP Ledger has long been celebrated for its advanced scalability and decentralization features. However, with the introduction of the XLS-20 feature in 2022, XRPL has emerged as a force to be reckoned with in the NFT ecosystem.\u00a0 The XLS-20 protocol delivers new features to the XRP ledger. According to Brown, XLS-20 is integrated with special features like minting and burning, automated royalties, DEX integration, and traditional NFTs.\u00a0 Related Reading: Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here\u2019s Why XRPL has also recorded over 1.9 million NFTs minted on the ledger and almost 30,000 user accounts own 1.6 million of the minted NFTs. Additionally, approximately $12.8 million worth of NFT assets have been sold in one-step transactions on the blockchain.\u00a0 While XRPL\u2019s foray into the NFT sector has sparked major interest among creators and collectors in the space, the XRPL ecosystem has also reported upcoming upgrades in its layer 2 smart contract platform, Evernode.\u00a0 According to reports, the Evernode network will be featuring new upgrades that improve the reliability and sustainability of the platform, while also furthering crypto and NFT adoption and innovation in the space. Token price still trending above $0.5 | Source: XRPUSD on Tradingview.com Featured image from Finbold, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":552554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[54512,15369,4531,89464,84758,83637,88178,89417,10972,78763],"class_list":["post-552548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-defi","tag-nft","tag-xrp","tag-xrp-defi","tag-xrp-ledger","tag-xrp-news","tag-xrpl","tag-xrpl-news","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With<\/title>\n<meta name=\"description\" content=\"The Ripple ecosystem has achieved a new milestone, successfully hitting over 82 million registered 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