The XRP Ledger has announced the release of version 2.5.0, which includes new features like batch transactions and token escrow. These changes are aimed at enhancing the blockchain's capabilities for corporate users.
Batch Transactions and Token Escrow for Institutions
Version 2.5.0 introduces support for batch transactions, allowing users to bundle multiple operations into a single transaction. This feature reduces overhead and improves scalability for payment companies and blockchain services. Token escrow allows smart contracts to lock and release assets based on predefined conditions, making tools such as vesting schedules and automated payouts more accessible.
Developer Tools Get a Boost with Permissioned DEX and Delegation
A key part of this update is the permissioned decentralized exchange (DEX), which allows ecosystem participants to apply access controls to trading pairs. This combines decentralization with compliance-ready architecture, which could provide a competitive edge for the XRP Ledger in regions with stricter requirements.
On-Chain Metrics Show Increasing Adoption
Following the update, XRP's price increased by 6%, reaching $2.17, which indicates a recovery from previous losses. Additionally, on-chain metrics show deeper adoption, as XRP's exchange reserves dropped by 21%, signaling that more tokens are being withdrawn from exchanges for long-term holding or use in DeFi applications.
The update to XRP Ledger version 2.5.0 represents a significant step toward creating a high-performance blockchain capable of competing with Ethereum and Solana. An increase in user activity and a decrease in exchange reserves point to growing confidence in the long-term prospects of XRP.
