DeXfi

DeXfi will be shutting down by October 31st! It’s been quite a journey, and this decision wasn’t easy for me. I’ve had some great times working on XRPL, but it's time to move on. I’ve learned so much along the way and met some truly amazing people. I want to take a moment to thank everyone for their support!🙏 Here’s to new beginnings and hoping our paths cross again in the future🥂

Nice. I recommend you test @dexfi_pro xApp. You will LOVE it!

@jonaagenilsen Love that💙

@krippenreiter It's probably your best one so far😅. As bullish as it gets...

"Es kann auch immer nur nach unten gehen ☝️" -Krippenreiter @dexfi_pro 🤣

⚙️ We’ll be performing system upgrades in 1 hour to enhance scalability. Some users may experience some downtime in the next hours. Thanks for your understanding as we work to improve your experience!

I'm currently working on two developments that, once completed, will greatly increase the usage of the DEX and fully automate the trading process. We're in a very early beta phase now, with 24 testers, each using two accounts—so that's exactly the 48 accounts and the $44K I mentioned two hours ago. This isn't a test; it's happening live on Mainnet with real funds, and anyone can interact with it. I consider this legitimate volume. Really appreciate your drive for transparency! Could you take a look into something for me? There's a dApp with 4 to 6 times the daily users of DeXfi, but only about a third of the trading volume (excluding the $44K). This could be because most users only make small XPM trades, typically worth less than 1 XRP. And if you ever run out of topics to explore, feel free to reach out, as there are some far more interesting ones.

There are unusual activities in the XRPL ecosystem that need attention. Transparency and integrity are vital, and recent observations suggest that some practices might be artificially inflating metrics, potentially misleading those who rely on accurate data. Specifically, Dexfi's token, Nex, has around 50 holders, yet the Nex/XRP liquidity pool is showing daily trading volumes between $40,000 and $50,000 - figures that are high given the limited number of holders and Liquidity in the pool. A group of wallets linked to Dexfi’s Source Tag are generating a large number of transactions in this pool. In August, 47 wallets made between 600 and 632 payment transactions related to AMM trading, and one wallet made 2,284 deposit/withdraw transactions. In contrast, a typical Dexfi user makes about three transactions per month (median value). High-activity wallets raises the average transactions per user to 28 per month; excluding them brings it down to 16. This suggests that overall activity metrics might be skewed, potentially giving an inflated view of user engagement. When asked, @dexfi_pro explained that these were test transactions for a new feature involving about 24 beta testers, using their Source Tag. While testing is essential, it's important to consider how such activities might impact publicly reported metrics. Mixing test transactions with regular user activity could inadvertently present a distorted picture of platform usage. This situation raises questions about how metrics are tracked and reported within the XRPL ecosystem, as services like @xpmarket rely on Source Tags to keep community informed, while other, like RippleX, use it to track KPIs. Accurate data is crucial for informed decisions. Artificially elevated metrics, even if unintentional, can affect trust and resource allocation. To address this, developers might separate testing activities from production metrics and enhance controls around Source Tag usage to ensure metrics reflect genuine user activity. Open communication and collaborative development of best practices can help maintain the transparency and reliability of the XRPL ecosystem. Maintaining trust is a shared responsibility. I encourage Dexfi and other stakeholders to engage in discussions on how to address these concerns constructively.

🚀 Xaman 3.0 is here! We’ve introduced new features, improvements, and our monetization strategy to ensure a sustainable and innovative future for the Xaman ecosystem. 🔎Learn how we’re building a stronger XRPL ecosystem. Find out more at blog.xaman.app/3.0 #XRP #XRPL

@WietseWind Damn, these servers grow up so fast! Not long until they move out.

Isn't it wild that I have servers with uptime older than my now reading and writing kids? 😅 (And yes, kernelcare, no ingress, etc. etc.)

We are pleased to announce the successful launch of two additional public hubs, bringing the total number of XRPK hubs to four. These hubs are now live and fully integrated into our pool of servers, hosted at hubs.xrpkuwait.com. This expansion underscores our ongoing commitment to supporting the #XRPL ecosystem and advancing decentralized connectivity. #XRPLCommunity

@Vet_X0 but ser it's so hard, everyone else always messes everything up and everywhere else it's so much easier🤣

@dexfi_pro built it till you make it is the way 🙂‍↕️

Made a dashboard for Transaction Density from Solana, Polkadot, Avax, Tron, Blast and Polygon as well as Ethereum so we can compare it against the #XRP Ledger. E.g Solana acc Top 1 - 6% of all trxs Top 2 - 9% of all trxs Top 3 - 12% of all trxs Top 5 - 16% of all trxs Top 10 - 22% of all trxs dune.com/vet/transactio… (All of this is on a 14 Day span) Blast goes to up to 40% - Polkadot up to 30% on the Top 10 accs. The distribution happens across all chains, what is different is the density. This varies a lot, look at Ethereum for example where the top 10 is at around 5%. Key in this is to differentiate the differences of those chains. One that comes to my mind directly that supports density vs distribution are the account and object reserves on the XRPL. Its better to run a few accounts instead of a whole farm, the threshold where this is worth to do is much higher on the XRPL because of cost.

@ayang2294 Guy speaking who gained real knowledge about XRPL DEX, not researching papers. One of our OGs from day 1! Don't even know how many improvements/new features are thanks to you🙏

@dexfi_pro One explanation that bots made more transactions is that a real user make 1 or two dex transactions and the bots keep on changing its dex offers and make more transactions like 5x or more. You can clearly see bot changing offers on Dexfi platform.

My DMs are blowing up with people asking, 'Is XRPL fake?' Let me stop you right there - it’s absolutely NOT! Just because AI spits out database queries doesn't mean it's worth anything. The truth behind those stats? XRPL actually has more real users than many other chains. Let’s break down the claim: '1 wallet MAKES 15% of all XRPL transactions' – Technically not wrong, but seriously misleading. Here’s the real story: '1 wallet IS INVOLVED IN 15% of all XRPL transactions.' Big difference. Almost all of those transactions are exchanges, with real people on the other side. This actually shows how many genuine users are active on XRPL. Those wallets belong to Market Makers and Arbitrageurs - the lifeblood of any finacial market. Without them, no CEX, DEX, or AMM would even function. Running bots is a business, and they wouldn’t be here unless they were making money. And that only happens when real people, like you and me, are trading with them. I run bots across multiple chains, and I can tell you, it’s not always real humans involved - even when the volume is way higher. That’s why I chose XRPL for DeXfi - It’s as real as it gets! Bottom line: that post stirred up a lot of unnecessary noise, and this is gonna come up in debates for a long time. Whether it is a market report or a post, data should not contain personal opinions or emotions.

@ArmyAnt21 Happy you like it. Almost pushed us over the edge the the third time today😂

@dexfi_pro Whew! That was a close one. Almost pushed us over the edge😂 This space is sometimes laughable. But seriously, thanks for the context 💯

@CryptoQueen_555 @jungleincxrp I think you can't educate those who spread misinformation😉. But you can give your sight of things to those who are looking for the whole picture. Really appreciate you💙

@dexfi_pro @jungleincxrp Yes it’s been going around and reposted. Context is everything. Awareness is also important of the context so grateful for your explanation and taking the time to write the post to educate those that spread misinformation or misrepresent the information 🙏🏽

🚨 XRP Transaction Dominance Concentrated in 10 Wallets! A shocking revelation from Dr. Artur Kirjakulov’s analysis shows that just 10 wallets account for 58% of all XRP transactions on the XRP Ledger! Even more startling, 1 wallet alone processes 15% of all transactions. This concentration has raised concerns in the XRP community about the distribution of network activity. What does this mean for the broader XRP ecosystem? Could this level of centralization pose potential risks? 👀 Thanks to @ScamDetective5 for sharing this!

@WKahneman @Toto11328169 Know you do, one of the best sources here💯

@dexfi_pro @Toto11328169 Figured it was bots. Tbh, I don't pay attention to scams or others, I just like the data :) People need to stop giving the nonsense air. it's cool to see some good folks have pulled more information from other chains too, and looks similar - Ill post it up soon!

Really happy to have you on the convo! This must be a first 🙏. As I rely more on practice than on research, this could be eye opening for me. First of all, you couldn't provide liquidity in 2020 - that's out of question. Practice shows me that 10k real active accounts per day is almost staggering – especially when you consider that there are free accounts to create on most other chains . How much practical and/or theoretical knowledge do you have with other chains? I and many other developers here know all the owners of the accounts mentioned - I guess you do too. As far as I know, these guys make a living doing what they do - and they also make the DEX tradable. I really believe that XRPL is more used than most chains, but I would love to hear your thoughts on it.

Tbf it is not new, and a research paper came to the same conclusion in 2020. True that some txs are arbitrageurs, but most are transactions that provides liquidity in in a pair that is unused (for many years). Yes the ledger is used, but yes, most transactions are made by a very small subset of accounts. It may be better to look at distinct accounts making transactions, and for a two month period of May and June, that was an average 10814 accounts per day.

@krippenreiter Exactly...

@dexfi_pro You mean my follower count that is pretty close to 589? 😆

@krippenreiter You're just creating a solid foundation to build on😀 Can't wait to see your retirement announcement with episode #589 covering topics we can't even think of rn🫡

@CryptoQueen_555 @jungleincxrp Thanks for sharing🙏! This post was really misunderstood.

@jungleincxrp Look at the post from @dexfi_pro for more context!

@AverageJohnXRP @Kirjakulov 🙏. This is the path we have chosen with DeFi. I like it and will not tire of following it😉