Hey there!

This has been an exciting month and our team is still burning the candle and both ends. As you may know, the XLS-20d(NFT update on XRPL) is live now! This has changed our plans and we are going to roll out a very fascinating and versatile solution for NFTs, but as you know, we like to write about what we have done rather than making promises. There were also a lot of interesting events and private meetings with remarkable people. Let’s get started!

Development

Swap

Since the launch of our Swap functionality we received an incredible amount of positive feedback, especially about how this feature is integrated into each token’s page. We keep improving every aspect of what we have already released and Swaps is not an exception.

We have added “Price impact” to inform our users on how their order will affect the price. This element allows traders to estimate how much liquidity is present for the given trading pair and hence make an informed decision on what amount of tokens can be swapped without significant consequences.

How does it work exactly? Swap feature does not operate as on a traditional AMM, as it is not implemented on XRPL yet. This means there always will be a spread between buy and sell orders. Hence, price impact starts the calculation from the first order you fill, rather than from the current price. So if you are buying a token, the price impact calculation will start from the first bid order, and if you are selling, then from the first ask order.

🔗 https://xpmarket.com/swap

P.S. As this is very sensitive information, we have made the text smaller in order to get feedback from our hard users. We will soon consider the beta testing to be finished and it will be more noticeable.

Global Search

This is by far the most significant improvement we have introduced in the recent update, as it significantly boosts user experience and navigation speed. Now straight from the home page you can enter the token’s name/ticker and it will be shown in the list. All you have to do is just click on it! In addition to directing users to the token page only, we are showing whether the token is also available on the DEX. This means you can find almost all tokens straight away from a single place, no matter whether this is a profile page or DEX.

There are some exclusion rules, however. If a token has zero market cap and no twitter account, it will be excluded from the search. We are still testing the algorithms to cut off dead projects, hence this threshold might change in future.

XRPL Statistics

Whether you are a developer, statistician, or just curious, there is a statistics page where you can retrospectively track the development of XRPL’s ecosystem. We provide access to historic data on the number of trustlines, volumes (DEX, CEX, and total), and market cap.

This month we have changed the rules on how the total market cap is calculated. Due to a set of technical limitations and the complexity of such calculations, total market cap is a sum of Top 100 projects capitalisation. While it excludes a lot of tokens, it reflects the actual value with a 97-98% accuracy.

🔗 https://xpmarket.com/xrpl-statistics

New DEX Layout

We have updated DEX layout both on Mobile and Desktop versions. Now it is much more convenient, as all elements are within reach and sight. We have also made a few smaller changes that might not be noticeable at first, but help with overall experience.

Seedling IDO

Our partners at Seedling.cm have conducted an exclusive IDO of our native token. The event was a huge success, as the whole allocation was sold out in less than 7 minutes. Do not worry if you were unable to participate, as the allocation was small and the number of participants was limited. There will be an opportunity for everyone in future.

This is an extra step into XRPL’s popularisation within the wider blockchain community!

Operations

Web summit

We are attending a Web Summit in Lisbon, Portugal. The event takes place from 1-4 November. We will have a booth showcasing our vision, achievements, and future plans. If you are around, you can find us on 2 November at A215.

Partnerships

We are happy to announce that 32ventures joined XPmarket as an investor and partner. We are going to work together on expanding XRPL ecosystem and improving XPmarket.

We are hiring!

We are looking for people who can help us with quality assurance. Our community has been working on this for a long time, but we would like to do a more thorough testing before releasing the results into production. If you know a good QA specialist who is skilled at XRPL we would be very grateful for recommendations.

Thank you for reading and supporting us. We are very happy to see the start of this journey. As always, I am ready to answer all your questions, so I look forward to hearing from you.