Key facts
- Ripple has voted in favor of the fixCleanup3_2_0 amendment for the XRP Ledger (XRPL) 3.2.0 upgrade.
Ripple has voted in favor of the fixCleanup3_2_0 amendment for the XRP Ledger (XRPL) 3.2.0 upgrade. The update aims to streamline the ledger for tokenization and DeFi, with 26% of nodes already updated, though 80% consensus is needed for full activation.
This upgrade is crucial for the XRP Ledger's evolution, aiming to improve its infrastructure for future applications like tokenization and DeFi. The adoption rate and successful activation of the amendment will indicate the network's readiness for these advancements and the community's consensus on its direction.
Ripple has voted in favor of the fixCleanup3_2_0 amendment for the XRP Ledger (XRPL) 3.2.0 upgrade, a move aimed at enhancing network cleanup, security, and developer experience. The amendment, currently open for voting on the XRPL mainnet, bundles bug fixes and improvements for features such as Single Asset Vaults, the Lending Protocol, permissioned DEX, and Multi-Purpose Tokens (MPTs). It also retires numerous amendments activated over two years, streamlining the ledger for tokenization, DeFi, and other use cases.
As of the latest data, 26% of nodes have updated to the new release, with 65% still on version 3.1.3. Full activation requires sustained 80% support from the default Unique Node List (dUNL) validators over two weeks, necessitating upgrades from validators and operators to avoid becoming amendment-blocked. Ripple, among other prominent nodes, has already updated to XRPL 3.2.0.
The XRPL v3.2.0 upgrade introduces the fixCleanup3_2_0 amendment and renames the core server from rippled to xrpld. It is also designed to reduce the memory footprint by up to 40%, potentially lowering operating costs and boosting scalability for tokenization and payments. Ripple CTO Emeritus David Schwartz previously emphasized the network's stability ahead of this key upgrade.
Meanwhile, concerns have been raised within the XRP community regarding a nearly 50% drop in network activity over the past two weeks, with active addresses declining from approximately 50,000 to 25,000. Experts suggest this decrease is normal following consecutive XRPL upgrades.