Key facts
- LendingProtocol had 22 of the 29 votes needed, with 7 of 35 trusted validators yet to vote, per the XRPL voting record.
- SingleAssetVault had 23 votes with six required and LendingProtocolV1_1 had 22; none was in the activation countdown.
- Bithomp recorded 3.9 million XRP Ledger transactions on November 11, including 659,300 payments and 956,300 DEX transactions.
- RippleX opened voting on LendingProtocolV1_1 in September, introducing closed-ended vaults and a change to how lending income is recorded.
The XRP Ledger's proposed LendingProtocol amendment had secured 22 of the 29 validator votes needed to begin the approval process, according to the amendment voting record on XRPL cited in a report published November 12, 2026. With 35 trusted validators participating, 7 had yet to vote.
Two related amendments were also short of the threshold. SingleAssetVault had 23 votes with six still required, and LendingProtocolV1_1 had 22. None of the three was in the activation countdown and all remained in voting.
XRP Ledger amendments need more than 80% of validators to support a proposal for 14 days before it becomes active. If support falls below the threshold during that period, the countdown resets once the proposal returns to the required level.
RippleX opened voting on LendingProtocolV1_1 in September, a proposal that introduces closed-ended vaults and changes how lending income is recorded on the network. According to official XRPL documentation, vaults move through subscription, investment and redemption stages, and the proposed rules let them recognize interest income as soon as a borrower pays it.
Ripple's XLS-66 specification describes fixed-term loans funded through shared asset vaults holding XRP or supported tokens. A loan broker would assess borrowers off-chain while the ledger tracks loan creation, repayments and defaults, with a first-loss capital component brokers can list for use if borrowers default. Clearpool has said it plans to use XRPL's lending infrastructure for institutional credit services, citing XLS-65 and XLS-66.
On November 4, developers proposed further codebase changes to store loan data directly in ledger entries and add an optional sequence check when creating loans. The changes do not affect the amendments in validator voting.
Bithomp data cited in the report showed 3.9 million transactions on the XRP Ledger on November 11, including 659,300 payments from 42,400 sending addresses, 956,300 decentralized exchange transactions and 153,800 swaps, with total trading volume of about $1.1 billion. Bithomp's amendment tracker put validator support at 63% for LendingProtocol and 66% each for LendingProtocolV1_1 and SingleAssetVault. XRP was quoted at $1.04, down 1.21% over 24 hours, at the time of publication.