An XRPL validator known as VET has drawn attention to an often underemphasized aspect of the XRP Ledger’s functionality—its capacity as a decentralized exchange (DEX) and the critical need for economically valuable issued tokens to unlock its full potential. In a recent post on X, VET stated that for XRP to be utilized extensively by market makers to provide liquidity, the XRP Ledger must support many issued tokens with economic value. According to VET, the quality of the issuer is a significant factor, with higher-quality issuers naturally being more desirable. For XRP to be used a lot by market makers to provide liquidity the XRP Ledger needs a lot of issued tokens that have economic value. The higher the issuer quality the better obviously. Without it the XRP Ledger, which in itself is a DEX, can't play out its full strengths. — Vet (@Vet_X0) April 17, 2025 The validator emphasized that without a substantial volume of such issued tokens, the XRP Ledger’s inherent capabilities as a DEX cannot be fully realized. While the XRP Ledger is technically designed to support trading between various assets without intermediaries, its actual impact depends heavily on the availability of assets that market participants want to trade. Range of Asset Types Encouraged for On-Chain Issuance In response to a question from X user XRP FOREVER, who asked whether the mentioned tokens could include examples like RLUSD, RLGBP, RLJPY, and BBRL, VET provided a broader perspective. VET replied that the scope is not limited to fiat-backed assets but extends to a wide array of items that people perceive as valuable. This includes airline miles, store loyalty points, gold, Treasury bills, meme coins, and stablecoins. The message from VET was clear: any asset that users associate with value and wish to trade should be brought on-chain to leverage the XRP Ledger’s capabilities. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Concerns Over Community Attitudes Toward New Projects However, not all community members share the same enthusiasm when it comes to the proliferation of new tokens. A user identifying as A Concerned Human offered a critical but nuanced observation about the current sentiment within the XRPL ecosystem. This user pointed out that a significant portion of the XRP and XRPL community frequently dismisses new on-chain tokens as “shitcoins,” often discrediting them before they have had an opportunity to demonstrate value or purpose. The same commenter acknowledged that many newly issued tokens have made questionable claims, such as announcing partnerships without verifiable evidence or presenting exploratory communications with institutions as official endorsements. Despite this, they argued that most legitimate projects start with little more than a concept and that real support often comes only after usefulness and viability have been established. They cautioned that while skepticism is reasonable, especially for those unable to assess a project’s fundamentals or team integrity, wholesale rejection of nascent efforts can harm the growth of the XRPL ecosystem. Support Needed for Ecosystem Growth and Ledger Utility The comment concluded with a call to action for informed investors and ecosystem participants. According to A Concerned Human, if the goal is to see the XRP Ledger thrive as a decentralized marketplace for asset exchange, it is counterproductive for knowledgeable stakeholders to impede the development of on-chain token initiatives, even in early or experimental stages. VET’s original message and the ensuing reactions reflect a broader tension within the XRPL community. On one hand is the desire to preserve trust and prevent scams from undermining the ecosystem. On the other hand is the recognition that for the XRP Ledger to reach its full capabilities, it must host a diverse range of tokenized assets that people recognize as having value. VET’s post serves as a reminder that the utility of XRP and the ledger itself is inseparable from the ecosystem of assets users are willing to issue, hold, and trade. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Cannot Be Fully Used by Market Makers Until This Happens appeared first on Times Tabloid .
https://www.digistore24.com/redir/325658/ceobig/
