XRP Ledger (XRPL) recently reached a major milestone as the amount of XRP locked in automated market maker (AMM) pools surpassed 10 million, according to XRP Scan. 📈 While the current total has dropped slightly to 9.6 million XRP, this development marks a big moment for the XRPL ecosystem. 🌐

Since their launch in late March, AMM pools have grown significantly, with the amount of locked XRP increasing from 325,983 tokens to nearly 10 million. 🚀 These tokens are spread across 593 pools, with new pools being added on a regular basis. 🏊‍♂️

Leading the pack is the Magnetic token pool (MAG), which has 3,602,530 XRP locked. 🔒 Close behind is the xGO pool, which holds 921,270 XRP. 💼 Interestingly, the third largest pool, with 651,269 XRP, is associated with CRYPTO, a blackholed account that cannot sign transactions or issue new tokens. 🕳️ The increase in XRP locked in AMM pools reflects growing interest in decentralized exchanges within the community. 🌍 Powered by smart contracts, AMMs play a critical role in providing liquidity and enabling the seamless exchange of assets based on mathematical formulas. 📊

This milestone demonstrates strong investor confidence and underscores the growing decentralized financial ecosystem on XRP Ledger. 💪 As XRPL continues to evolve and innovate, the use of AMM pools is expected to support efficient and decentralized trading mechanisms for XRP and other assets such as Magnetic. 🔄$BTC $XRP #BinanceTournament #CryptoTradingGuide #MicroStrategy #CertiKvsKraken #LayerZero