Cover image via U.Today
The upcoming AMM update for the XRP Ledger (XRPL) protocol is expected to address issues related to the handling of large synthetic AMM offers in the payment engine. After the recent launch of the AMM feature on the mainnet, a technical glitch was discovered, leading to the need for this amendment to prevent any potential network disruptions in the future.
Despite the current stability of the protocol, the introduction of the fixAMMOverflowOffer update will play a crucial role as more users begin to utilize the AMM engine over time. With an overwhelming majority of validators supporting the amendment, the update is set to be activated in 14 days, with an estimated time of arrival being April 11.
The XRP Ledger aims to compete with other prominent layer-1 protocols in the blockchain space by introducing innovative features like AMM and Clawback. These updates, along with upcoming ones like "fixInnerObjTemplate" and "fixNFTokenReserve," demonstrate XRPL's commitment to strategic growth and development within the blockchain ecosystem.
