2024

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The XRP Ledger (XRPL) mainnet has welcomed the long-awaited fixAMMv1_1 amendment. This major upgrade has been under development for a while and is scheduled to launch this month.&nbsp;
<h2 id="fixammv1_1-amendment-gets-91-43-consensus">fixAMMv1_1 amendment gets 91.43% consensus&nbsp;</h2>
Ordinarily, the introduction of an amendment to the XRP Ledger marks a proposal to alter or adjust an existing code or protocol responsible for a specific function on the platform. Often, these amendments fix a bug or improve or introduce a new feature. This time around, it allows for decentralized trading directly on XRPL.
<blockquote>
 Amendment fixAMMv1_1 is now enabled on the xrpl mainnet. Two more amendments are set to activate over the next 3 days: <a href="https://t.co/MJJuIYOBav" rel="noopener noreferrer nofollow">https://t.co/MJJuIYOBav</a> <a href="https://t.co/v4DuAIKnap" rel="noopener noreferrer nofollow">pic.twitter.com/v4DuAIKnap</a>— XRPScan (@xrpscan) <a href="https://twitter.com/xrpscan/status/1838563941242298567?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 24, 2024</a>
</blockquote>
Like every other XRPL amendment, validators must reach a&nbsp;<a href="https://u.today/major-xrp-ledger-xrpl-amendment-about-to-go-live" rel="noopener noreferrer nofollow">consensus on the ffixAMMv1_1 amendment</a> before enabling it.&nbsp;
Noteworthily, this amendment was finally enabled after it crossed the voting threshold 28/35 and sustained its approval for two weeks. According to XRPScan, the fixAMMv1_1 amendment&nbsp;<a href="https://xrpscan.com/amendments" rel="noopener noreferrer nofollow">received 32 votes</a> in its favor, representing a consensus of 91.43%.
This latest amendment focuses on improving liquidity and efficiency for traders on the blockchain.&nbsp;
<h2 id="fixammoverflowoffer-amendment-on-xrpl-mainnet">fixAMMOverflowOffer amendment on XRPL mainnet&nbsp;</h2>
This is only one of the numerous major updates on the XRPL mainnet in the last few months. In April, XRPL implemented a major update to the mainnet known as the&nbsp;<a href="https://u.today/crucial-xrp-ledger-xrpl-amm-amendment-goes-live-on-mainnet-details" rel="noopener noreferrer nofollow">"fixAMMOverflowOffer."</a> The update was designed to fix the problem of large synthetic automated market maker (AMM) offers being handled incorrectly in the payment engine.&nbsp;
Unlike fixAMMv1_1, which achieved 91.43% consensus from validators, the fixAMMOverflowOffer reached 100% consensus.
Amid the latest major update release, XRP has failed to record a price gain. The coin traded at $0.5851 as of this writing, corresponding to a 0.71% dip in the last 24 hours. The crypto associated with blockchain payment firm Ripple has also&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">dipped</a> within the last 24 hours. XRP lost about 10% of its trading volume, proving ecosystem sentiment remains elevated.
Consequently, it is now the ninth most traded crypto asset, with $903.8 million in trading volume.

XRP Ledger Secures Major Update, Here's What's Changed

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