XRPL需要高质量的资产（例如Stablecoins和RWAS）来解决停滞不前的AMM流动性，尽管池数量上升

Panos Mekras说，XRPL需要高质量的资产（例如Stablecoins和RWAS）来解决停滞不前的AMM流动性，尽管台球数量上升。

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的联合创始人Panos Mekras强调了停滞的AMM流动性问题，尽管XRPL上的流动性池数量迅速增加。

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的自动化做市商（AMM）生态系统的流动性池数量迅速增加，达到19,782。但是，自2025年初以来，这些池的XRP流动性一直停滞不前，徘徊在约1339万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.

池创建与实际资本流入之间的差异一直是XRPL社区中讨论的话题。 Mekras在X上提出了这个问题，并提到，尽管令牌和池数量飙升了，但XRP支持的流动性的有意义的增长未能实现。

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 ...

有一个明显的问题：XRPL的AMM一直停滞不前，几个月来增加了XRP，而泳池和毫无价值的令牌数量不断增长。唯一的解决方案是更高质量的资产 - 稳定币和RWA（尽快） - 结合...

— 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.

不断扩大的泳池计数主要是由效用有限的代币驱动的。 Mekras指出，许多新的代币正在发行，没有任何用例或价值，但它们继续从生态系统中提取流动性。

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，他主张引入更高质量的资产，例如顶级发行人和现实世界中的稳定资产（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，可以增强与XRPL的入职和用户交互的平台至关重要。建筑商和用户都必须从新项目中要求更好的标准，以防止流动性进一步分散。

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上的一位用户向Mekras询问了涉及两个发行令牌的池，例如RLUSD与Memecoin或其他Fiat-Peggggggggged资产配对。这个问题的重点是此类池的可访问性以及它们是否提供有意义的效用。

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回答说，它们的价值取决于需求和流动性。他补充说，低活动池可以将资源从表现最好的池转移。

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

只要有足够的需求和流动性，这是好的。否则，您只是分裂流动性，可能会进入顶级池。稳定到稳定的游泳池很棒，但是我们需要更多来自顶级发行人的顶级稳定者，因为似乎大多数人不喜欢或信任...—

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.

他承认稳定到稳定的池可能是有益的，但他指出，从Gatehub和BitStamp中对现有的Stablecoins的用户信任仍然很低。

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.

尽管其他连锁店的活动继续看到总价值锁定（TVL）的增长，但XRPL的流动性仍然相对不变。 Mekras指出，竞争连锁店已经吸引了数十亿个TVL，现在已经看到了新的动力。

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的低流动性持续存在。他说，生态系统应该已经通过流动性排名最高的连锁店，但缺乏顶级稳定发行人的存在。

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.

技术专家侯赛因·巴达卡尼（Hussein Badakhchani）首先引起人们对这一日益关注的关注，他回答说，尽管高质量的资产很重要，但提高收费结构以更好地激励流动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.

他的建议包括一项提议，将AMM费用上限从1％提高到2.5％，从而使流动性提供者可以投票支持更高的回报。另一个变化涉及用更精细的，特定于操作的结构覆盖XRP和令牌沉积物和撤回的更精细的操作结构。

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.

为了支持这一点，提出了改建的流动性提供商（LP）投票机制，旨在适应多层费用模型。这些建议还要求将黑洞钱包排除在LP投票计算中，以防止不活动地址影响费用调整。

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

最后，为了确保连续性，Badakhchani建议对现有池的向后兼容的迁移策略。