🎉Big news, crypto fam! The XRP Ledger (XRPL) just hit a major milestone! Over 10 million XRP tokens were locked in its AMM pools.🔒
What's an AMM? It's an automated market maker, providing liquidity in XRPL's decentralized exchange. Users swap assets at a set rate, and those who lock XRP in the pools (aka liquidity providers) get LP tokens in return.
This surge in AMM pools suggests growing investor confidence, even as XRP's price remains steady.📈
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