The XRP Ledger (XRPL) is set to introduce a native Automated Market Maker (AMM) feature, which Ripple CTO David Schwartz considers the most exciting development to come to the platform in the past decade. The AMM functionality, a hybrid of Central Limit Order Book (CLOB) and AMM, offers optimal pricing with low slippage, making it easier to get liquidity and allowing anyone to create a new pool of assets to trade.

Moreover, the XRPL AMM eliminates Miner Extractable Value and front-running through federated consensus and canonical transaction ordering, and enables single-sided liquidity provision and continuous auctions to maintain fair asset prices.