The XRP Ledger Foundation has released an official draft standard for an upgraded Automated Market Maker (AMM) version 2, aiming to significantly enhance the decentralized exchange (DEX) built into the XRP Ledger (XRPL).
Announced on May 26, 2026, the proposal introduces multiple liquidity pool pricing curves, moving beyond the simple constant product model currently used in the XLS-30 AMMs. The upgrade will give liquidity pool creators the flexibility to choose from three primary models: Constant Product pools (similar to Uniswap v2), Concentrated Liquidity pools (inspired by Uniswap v3), and StableSwap pools tailored for stablecoins and foreign exchange markets.
The new framework is designed to improve capital efficiency across the XRPL DEX, enabling smoother pricing and lower slippage for stablecoins like RLUSD and USDC, as well as for tokenized real-world assets (RWAs). StableSwap pools will provide better price stability within the liquidity range, while Concentrated Liquidity will allow providers to deploy capital only in selected price bands, boosting efficiency.
With this upgrade, the XRP Ledger aims to close the gap with DeFi-heavy networks such as Ethereum and Solana, attracting more institutional and retail participants. The proposal is currently open for community review, and a final implementation timeline will be established after feedback is collected.
