According to TechFlow, Messari released the XRP Ledger Q2 status report. The report showed that since its launch at the end of the first quarter, the AMM (automatic market maker) has achieved more than US$23 million in trading volume and US$8 million in total locked value (TVL) in the second quarter.

Average daily transaction volume fell 67% to 0.9 million from 2.8 million in the first quarter, returning to normal levels. This was mainly due to a decline in the peak in inscription-related activity seen in the first quarter.

The report also mentioned that a stablecoin pegged to the US dollar will be launched on XRPL and Ethereum, using XRPL native functions and the ERC-20 token standard respectively.

The Axelar bridge integration and new stablecoin are expected to be liquidity catalysts for AMMs and upcoming RWA projects like Archax.

Rippled 2.2, released in June, included an amendment that introduced price oracles for pricing wrapped/bridge assets.