Background: The XRP Ledger (XRPL) is preparing to release a major upgrade, version 2.5.0, in June, integrating batch processing functionality (XLS-56).
Key Event: XLS-56 allows users to bundle up to eight transactions for processing, supporting atomic swaps and smart transaction dependency logic. This feature is applicable for project monetization and peer-to-peer NFT trading. It has already been tested on testnet and devnet. Other features such as account permission delegation, multi-purpose tokens, and dynamic NFTs are also under development.
Competitive Environment: The XRPL 2.5.0 upgrade will compete with Solana's Alpenglow and Ethereum's Pectra. XRPL emphasizes security, decentralization, and high transaction throughput. Ripple CTO David Schwartz noted that XRPL is suitable for high-frequency trading on non-custodial exchanges.
Potential Impact: The integration of XLS-56 is expected to place XRPL ahead in the blockchain competition, driving its development in automation and DeFi tools. The XRPTurbo project, combining AI and blockchain technology, enhances XRPL's capabilities. The community and developers have expressed positive feedback regarding the upgrade.