{"id":164926,"date":"2025-08-02T15:00:00","date_gmt":"2025-08-02T12:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=164926"},"modified":"2025-08-02T14:17:31","modified_gmt":"2025-08-02T11:17:31","slug":"david-schwartz-personally-funds-xrp-ledger-infrastructure-upgrade-as-xrpl-activity-soars","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/david-schwartz-personally-funds-xrp-ledger-infrastructure-upgrade-as-xrpl-activity-soars\/","title":{"rendered":"David Schwartz Personally Funds XRP Ledger Infrastructure Upgrade as XRPL Activity Soars"},"content":{"rendered":"<p>In a move separate from his duties at Ripple, Schwartz <strong><a href=\"https:\/\/x.com\/JoelKatz\/status\/1951496770711855280\" rel=\"nofollow\">announced<\/a><\/strong> he is privately funding and operating a powerful new server to bolster the XRPL ecosystem.<\/p>\n<p>The initiative will see Schwartz deploy a high-performance server at a New York data center with a 10GB unmetered internet connection. The goal is to establish a central hub for hosting XRPL validators and other services tied to the network. Emphasizing that this is a personal project\u2014not an official Ripple initiative\u2014Schwartz explained it\u2019s aimed at improving network resiliency and performance without interfering in consensus processes.<\/p>\n<h2>Ledger Activity Hits New Highs<\/h2>\n<p>The infrastructure boost comes at a time of record engagement across the XRP Ledger. More than 70 million transactions were recorded in July alone, pushing the ledger\u2019s all-time total close to 3.83 billion. Onboarding continues at pace, with over 1 million new XRPL accounts created this year and an average of 3,000 new wallets per day.<\/p>\n<h2>DeFi and Cross-Chain Growth Accelerate<\/h2>\n<p>July also marked a surge in on-chain DeFi activity. Volume on XRPL\u2019s automated market makers climbed 17% to 408 million XRP, while decentralized exchange traffic jumped 21% to 465 million XRP. Cross-chain integrations are expanding, too\u2014over $165 million in assets moved via Axelar to EVM-compatible chains.<\/p>\n<p>Stablecoin adoption is gaining traction as well. Brazilian digital bank BrazaBank\u2019s BBRL stablecoin crossed $4.2 million in circulation, making it the second-largest fiat-backed asset on the XRP Ledger.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-163306\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<h2>Smart Contract Development on the Rise<\/h2>\n<p>Momentum also surrounds XRPL\u2019s recently launched Ethereum Virtual Machine (EVM)-compatible sidechain, which went live at the end of June. In just its first week, it attracted over 1,400 smart contracts, combining Ethereum-style programmability with XRPL\u2019s low-fee, fast-settlement infrastructure.<\/p>\n<h2>Looking Ahead<\/h2>\n<p>With ecosystem metrics climbing and Schwartz\u2019s infrastructure initiative reinforcing the core network, XRP Ledger appears to be entering a pivotal growth phase. These parallel developments\u2014both technical and community-led\u2014position XRPL to accommodate higher transaction throughput and a wider range of decentralized applications in the months ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s chief technology officer David Schwartz is taking a hands-on role in expanding the XRP Ledger\u2019s capabilities.<\/p>\n","protected":false},"author":7,"featured_media":161538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[271,71,223],"coin_category":[],"class_list":["post-164926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-ethereum","tag-stablecoin","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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