XRPL需要高質量的資產（例如Stablecoins和RWAS）來解決停滯不前的AMM流動性，儘管池數量上升

Panos Mekras說，XRPL需要高質量的資產（例如Stablecoins和RWAS）來解決停滯不前的AMM流動性，儘管台球數量上升。

Panos Mekras, co-founder of Anodos Finance, has highlighted the issue of stagnant AMM liquidity despite a rapidly increasing number of liquidity pools on the XRPL.

Anodos Finance的聯合創始人Panos Mekras強調了停滯的AMM流動性問題，儘管XRPL上的流動性池數量迅速增加。

As of May 7, 2025, XRPL’s automated market maker (AMM) ecosystem has seen a rapid increment in the number of liquidity pools, reaching 19,782. However, XRP liquidity across these pools has remained stagnant since early 2025, hovering around 13.39 million XRP.

截至2025年5月7日，XRPL的自動化做市商（AMM）生態系統的流動性池數量迅速增加，達到19,782。但是，自2025年初以來，這些池的XRP流動性一直停滯不前，徘徊在約1339萬XRP。

The disparity between pool creation and actual capital inflow has been a topic of discussion within the XRPL community. Mekras brought up the issue on X, mentioning that while token and pool numbers have surged, meaningful growth in XRP-backed liquidity has failed to materialize.

池創建與實際資本流入之間的差異一直是XRPL社區中討論的話題。 Mekras在X上提出了這個問題，並提到，儘管令牌和池數量飆升了，但XRP支持的流動性的有意義的增長未能實現。

There is an obvious issue: XRPL's AMM has been very stagnant and not much new XRP has been added for months, while the number of pools and worthless tokens keep growing. The only solution is more high quality assets - stablecoins and RWAs (as soon as possible) - combined with ...

有一個明顯的問題：XRPL的AMM一直停滯不前，幾個月來增加了XRP，而泳池和毫無價值的令牌數量不斷增長。唯一的解決方案是更高質量的資產 - 穩定幣和RWA（盡快） - 結合...

— Panos 🔼{X}GR (@panosmek) May 7, 2025

- panos🔼{x} gr（@panosmek）5月7日，2025年

The expanding pool count is being driven primarily by tokens with limited utility. Many new tokens are being issued with no use case or value, yet they continue to extract liquidity from the ecosystem, Mekras noted.

不斷擴大的泳池計數主要是由效用有限的代幣驅動的。 Mekras指出，許多新的代幣正在發行，沒有任何用例或價值，但它們繼續從生態系統中提取流動性。

Instead, he argued for introducing higher quality assets—such as stablecoins from top issuers and real-world assets (RWAs).

取而代之的是，他主張引入更高質量的資產，例如頂級發行人和現實世界中的穩定資產（RWAS）。

Moreover, platforms that can enhance onboarding and user interaction with XRPL are crucial. Both builders and users must demand better standards from new projects to prevent further fragmentation of liquidity.

此外，可以增強與XRPL的入職和用戶交互的平台至關重要。建築商和用戶都必須從新項目中要求更好的標準，以防止流動性進一步分散。

One user on X asked Mekras about pools involving two issued tokens—such as RLUSD paired with a memecoin or another fiat-pegged asset. The question focused on the accessibility of such pools and whether they offer meaningful utility.

X上的一位用戶向Mekras詢問了涉及兩個發行令牌的池，例如RLUSD與Memecoin或其他Fiat-Peggggggggged資產配對。這個問題的重點是此類池的可訪問性以及它們是否提供有意義的效用。

Mekras responded that their value depends on demand and liquidity. He added that low-activity pools can divert resources away from top-performing pools.

Mekras回答說，它們的價值取決於需求和流動性。他補充說，低活動池可以將資源從表現最好的池轉移。

As long as there is enough demand and liquidity, this is good. Otherwise you are just splitting liquidity that could go to the top pools. Stable to stable pools are great, but we need more top stablecoins from top issuers as it seems like most people do not prefer or trust ...— Panos 🔼{X}GR (@panosmek) May 7, 2025

只要有足夠的需求和流動性，這是好的。否則，您只是分裂流動性，可能會進入頂級池。穩定到穩定的游泳池很棒，但是我們需要更多來自頂級發行人的頂級穩定者，因為似乎大多數人不喜歡或信任...—

While acknowledging that stable-to-stable pools could be beneficial, he pointed out that user trust in existing stablecoins from GateHub and Bitstamp remains low.

他承認穩定到穩定的池可能是有益的，但他指出，從Gatehub和BitStamp中對現有的Stablecoins的用戶信任仍然很低。

While activity on other chains continues to see growth in total value locked (TVL), XRPL’s liquidity has remained relatively unchanged. Mekras noted that competing chains have already attracted billions in TVL and are now seeing renewed momentum.

儘管其他連鎖店的活動繼續看到總價值鎖定（TVL）的增長，但XRPL的流動性仍然相對不變。 Mekras指出，競爭連鎖店已經吸引了數十億個TVL，現在已經看到了新的動力。

In contrast, XRPL’s low liquidity persists. He stated that the ecosystem should already rank among the top chains by liquidity, yet lacks the presence of top-tier stablecoin issuers.

相反，XRPL的低流動性持續存在。他說，生態系統應該已經通過流動性排名最高的連鎖店，但缺乏頂級穩定發行人的存在。

A technologist, Hussein Badakhchani, who first called attention to this growing concern, responded that while high-quality assets are important, improving the fee structure to better incentivize liquidity providers could also be effective.

技術專家侯賽因·巴達卡尼（Hussein Badakhchani）首先引起人們對這一日益關注的關注，他回答說，儘管高質量的資產很重要，但提高收費結構以更好地激勵流動性提供者也可能有效。

His suggestions include a proposal to raise the AMM fee cap from 1% to 2.5%, allowing liquidity providers to vote for higher returns. Another change involves replacing the existing single-fee model with a more granular, operation-specific structure covering XRP and token deposits and withdrawals separately.

他的建議包括一項提議，將AMM費用上限從1％提高到2.5％，從而使流動性提供者可以投票支持更高的回報。另一個變化涉及用更精細的，特定於操作的結構覆蓋XRP和令牌沉積物和撤回的更精細的操作結構。

To support this, a revamped liquidity provider (LP) voting mechanism was proposed, designed to accommodate the multi-tiered fee model. The suggestions also call for excluding blackhole wallets from LP vote calculations to prevent inactive addresses from impacting fee adjustments.

為了支持這一點，提出了改建的流動性提供商（LP）投票機制，旨在適應多層費用模型。這些建議還要求將黑洞錢包排除在LP投票計算中，以防止不活動地址影響費用調整。

Finally, to ensure continuity, Badakhchani recommended a backward-compatible migration strategy for existing pools.

最後，為了確保連續性，Badakhchani建議對現有池的向後兼容的遷移策略。