In today’s big XRP news, Ripple has officially released a major upgrade to XRP Ledger (XRPL). The major upgrade introduces significant changes, optimizations, and critical fixes to boost network stability and expand decentralized finance (DeFi) capabilities.
It comes as part of Ripple’s latest roadmap, placing stablecoins and tokenized real-world assets (RWAs) at the center of its institutional DeFi strategy.
XRP Ledger v3.0.0 Upgrade to Boost Ripple’s Position in DeFi
Ripple introduces rippled v3.0.0, the core server software that powers the decentralized XRP Ledger (XRPL) network. It marks a major milestone for the XRPL network, with reliability improvements, fixes, and innovations such as a native lending protocol, as Ripple boosts XRP and RLUSD adoption.
Node operators are urged to upgrade to the new version immediately to ensure service continuity. It also mentioned installation packages and instructions for updating to the latest version.
The upgrade introduces major amendments, optimizations, and bug fixes, said Krippenreiter. He highlighted “fixIncludeKeyletFields” amendment, which adds missing keylet fields to ledger entries related to escrow and payments.
Key Changes in XRP Ledger
Similar to its successful Smart Escrow Devnet update, changes were made related to fees and reserves, function signatures, multi-purpose token (MPToken) issuance, as well as bug fixes and code cleanup.
The amendment fixes accounting errors in MPT escrows, adds missing keylet fields to several ledger entries, and improves transaction transparency. Moreover, it resolves rounding issues in automated market maker (AMM) transactions, ensuring precise LP token balances.
The ‘simulate API method’ now supports new metadata fields, which expands the capabilities of analytical and DeFi tools. The upgrade also adds STInt32, a new data type that supports negative 32-bit integers for more protocol flexibility in the future.
The upgrade also improves performance, security, and developer experience following multiple bug fixes. This includes improved code in preparation for upcoming features such as a lending protocol.
XRP Price Holds Near $2.08
XRP surged almost 1.50% in the past 24 hours, with Ripple coin price currently trading at $2.08. The 24-hour low and high were $2.05 and $2.9, respectively. Furthermore, trading volume has increased by nearly 50% in the last 24 hours, indicating interest among traders.
In the daily timeframe, the price is trading below the 50-MA and the 200-MA at the time of writing. Whereas, the relative strength index (RSI) is near 45 ahead of today’s FOMC rate decision.
CoinGlass data shows significant buying activity in the derivatives market. At the time of writing, the total XRP futures open interest jumped 1.51% within an hour and 1.10% in four hours. Notably, 24-hour XRP futures open interest climbed almost 4% to $3.76 billion.
Source: https://coingape.com/ripple-releases-xrp-ledger-xrpl-upgrade-to-boost-stability-defi-details/
