{"id":552548,"date":"2023-09-22T16:00:35","date_gmt":"2023-09-22T16:00:35","guid":{"rendered":"https:\/\/ktsl888.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:\/\/ktsl888.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":"

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

XRP Ledger Surpasses 82 Million Ledgers<\/h2>\n

XRP Ledger, a decentralized public blockchain backing the XRP token has <\/span>gained recognition<\/span><\/a> 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

Related Reading: Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In<\/a><\/div>\n

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>focus on speed<\/span><\/a>, scalability, and security.\u00a0<\/span><\/p>\n

A blockchain researcher, Collin Brown announced details of XRPL\u2019s recent achievements in an X (formerly Twitter) <\/span>post<\/span><\/a> 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

\u201cWith over 82 million ledgers successfully closed, the XRPL continues to make history. The XRPL’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

XLS-20 Feature Drive Crypto Adoption And Growth For XRPL<\/h2>\n

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>NFT ecosystem<\/span><\/a>.\u00a0<\/span><\/p>\n

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

Related Reading: Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here\u2019s Why<\/a><\/div>\n

XRPL has also recorded over 1.9 million <\/span>NFTs minted on the ledger<\/span><\/a> 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

While XRPL\u2019s foray into the NFT sector has sparked major interest among creators and collectors in the space, the <\/span>XRPL ecosystem<\/span><\/a> has also reported upcoming upgrades in its layer 2 smart contract platform, <\/span>Evernode<\/span><\/a>.\u00a0<\/span><\/p>\n

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

\"XRP<\/p>\n

Token price still trending above $0.5 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Finbold, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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’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":"\nMajor 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 ledgers on 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-ledger-defi-force\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-ledger-defi-force\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-DeFi.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-DeFi.jpeg?fit=1000%2C667"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["defi","nft","xrp","xrp defi","xrp ledger","xrp news","xrpl","xrpl news","xrpusd","xrpusdt"],"dateCreated":"2023-09-22T16:00:35Z","datePublished":"2023-09-22T16:00:35Z","dateModified":"2024-06-11T07:59:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-ledger-defi-force\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-ledger-defi-force\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/XRP-Ledger-DeFi.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/XRP-Ledger-DeFi.jpeg?fit=1000%2C667\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"defi\",\"nft\",\"xrp\",\"xrp defi\",\"xrp ledger\",\"xrp news\",\"xrpl\",\"xrpl news\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-09-22T16:00:35Z\",\"datePublished\":\"2023-09-22T16:00:35Z\",\"dateModified\":\"2024-06-11T07:59:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-DeFi.jpeg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/552548"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=552548"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/552548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/552554"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=552548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=552548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=552548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}