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BTC $75,848.32 -1.83%
ETH $2,073.35 -1.71%
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XRP $1.33 -1.56%
SOL $83.66 -1.54%
TRX $0.3753 +0.93%
DOGE $0.1010 -0.93%
ADA $0.2399 -1.46%
BCH $343.60 -2.04%
LINK $9.38 -1.16%
HYPE $59.46 -2.91%
AAVE $85.82 -0.42%
SUI $1.00 -3.60%
XLM $0.1475 -1.56%
ZEC $569.83 -13.03%

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XRPL submits a proposal to upgrade the AMM mechanism

XRP Ledger developers submitted a draft amendment called "AMM Swappable Curves," which plans to introduce three types of swappable curves for the XRPL native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to be added later. This upgrade aims to allow liquidity providers to choose more suitable pricing curves based on asset types, thereby improving capital efficiency.Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is more appropriate for assets that are close to a 1:1 exchange, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and will not require migration. This proposal is seen as an important step in addressing the shortcomings of the DeFi infrastructure on XRPL.Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including a recent pilot for tokenized U.S. Treasury redemptions completed by Ripple and JPMorgan. However, to enable these assets to trade, lend, or generate yield more efficiently, a more mature DeFi liquidity infrastructure is still needed. Nevertheless, this proposal is still in the draft stage and will need to go through the XRPL amendment voting process, which may take several months, and there is still uncertainty about whether it will ultimately pass.

Bitget launches the RWA protocol Reality, directly connecting to US stock liquidity and supporting dividend distribution

Bitget announced the launch of a licensed financial protocol called Reality, focused on the tokenization of real-world assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying U.S. stocks, with assets held by a FINRA-registered, SIPC-protected U.S. brokerage, and real-time reserve proof provided through third-party independent audits. By directly accessing liquidity pools of U.S. stocks such as Nasdaq and NYSE, Reality's stock tokens can achieve liquidity on par with traditional brokers; at the same time, stock dividends will be distributed to user accounts in token form 1:1, while cash dividends will be automatically converted and issued as USDT. Stock splits and mergers will also be reflected in real-time on-chain tokens, closely aligning with the experience of holding U.S. stocks.In addition, the U.S. stock tokens launched by Reality are deeply integrated into the Bitget ecosystem, serving as margin for unified accounts and compatible with core product lines such as grid trading, signal following systems, and staking and lending.Bitget CEO Gracy Chen previously proposed the "10% vision": currently, tokenized stocks account for only 0.1% of the $125 trillion global stock market, and she predicts that this proportion will rise to nearly 10% by 2030. Reality is built on this trend, initially focusing on U.S. stocks, with plans to expand asset classes in the future, promoting Bitget's UEX strategy to extend to a broader global financial asset access layer.
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