A notable ecosystem contributor has announced its departure from the XRP Ledger (XRPL) and the cryptocurrency XRP, raising concerns within the community. Dev Null Productions, a long-time active participant, has decided to part ways, citing various problems affecting the ecosystem.
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Key Player Loses Confidence
Yassin Mobarak, a known figure in the XRP space, shared the news of Dev Null Productions’ exit via an X post. He stated, “It is sad what’s happening to the community,” pointing to issues with Automated Market Makers (AMMs), the ongoing legal case with the U.S. Securities and Exchange Commission (SEC), and the waning faith among significant contributors.
Additionally, on March 24th, RippleX, Ripple’s developer arm, recognized a discrepancy in several AMM pools where transactions were not executing correctly. Through tweets, RippleX stated their engineering team was addressing the issue alongside community members. However, they advised against depositing new funds into AMM pools temporarily and suggested liquidity provider (LP) token holders consider redeeming them.
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Show more +Technical Cause Identified
RippleX later pinpointed the cause of the issue – a discrepancy in how the DEX payment engine routes liquidity through AMM pools and order books in certain complex payment scenarios. A proposed fix, developed with input from OrchestraFi and Tequ, was under evaluation and would require going through the amendment voting process.
The exit of Dev Null Productions and the AMM technical problems have undoubtedly shaken the XRP community’s confidence. Additionally, the continuing legal battle between Ripple and the SEC, which alleges XRP is an unregistered security, has cast uncertainty over the ecosystem’s future prospects.
Moreover, some of the community members expressed their concerns, one X user, @DangerMouseXRP, tweeted, ” It seems the only way to make money with XRP these days is to start a YouTube channel.”
Hence, as more top players lose faith and leave, worries grow regarding the long-term viability of the XRP ecosystem.
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