TechFlow news, Messari has released the XRP Ledger Q2 report. The report shows that AMMs (Automated Market Makers), since their launch at the end of Q1, achieved over $23 million in trading volume and $8 million in total value locked (TVL) during Q2.
Daily transaction count dropped by 67% from 2.8 million in Q1 to 900,000, returning to normal levels. This was primarily due to the decline of inscription-related activity that peaked in Q1.
The report also noted that a USD-pegged stablecoin will be launched on both XRPL and Ethereum, utilizing XRPL's native functionality and the ERC-20 token standard respectively.
Integration with the Axelar bridge and the new stablecoin are expected to serve as liquidity catalysts for AMMs and upcoming RWA projects such as Archax.
The rippled 2.2 version released in June includes an amendment introducing price oracles for pricing wrapped/bridged assets.
