XRPL has been continuing to grow with an unexpected trend for some time. According to blockchain data, the 83rd million ledgers have been closed in the smart contract network, indicating a significant growth. did.
XRP Ledger successfully closed 83 millionth ledger a few moments ago: https://t.co/USQVIHBcmY https://t.co/HwDv3m2nHb pic.twitter.com/wuwTZBMtGx
NEWS CONTINUES BELOW— XRPScan (@xrpscan) October 5, 2023
XRPL functions as the smart contract hub of Ripple and the broader XRP ecosystem. The protocol, which has long been under a constant trend of evolution, is chasing new flames in terms of adoption, upgrades, and potential applications entering the ledger.
XRPL has become an important channel for XRP holders to demonstrate their commitment by using the altcoin. With targeted launches of certain decentralized finance (DeFi) services as well as NFT properties, XRPL is pulling out all the stops to deliver value to members of its community.
While XRP holders have access to a multitude of offerings on the protocol, they are focused on upgrading nearly every aspect of the protocol. A key Clawback feature is currently up for voting, as it specifically aims to serve token issuers who are known to have very broad legal burdens related to their role in the ecosystem.
Just as Elon Musk is known as the biggest supporter of Dogecoin (DOGE) and other Shiba Inu-themed meme coins, Ripple CTO David Schwartz is known as the biggest proponent of XRPL and everything it has to offer.
As Ripple Labs shifts its focus towards a balanced ecosystem, it is placing increasing emphasis on how the XRP Ledger can power a new era of advanced decentralized operations that cuts across different industries.