OnXRP.com, an NFT Marketplace has reported record-breaking traffic in over 24 hours after the introduction of XLS 20 which ushered in native NFT support on the XRPL Ledger. It wrote in a recent tweet:
‘’We are experiencing record-breaking traffic. About a thousand people are pressing the same buttons at the same time. It can take a couple of tries for transactions to go through. We’re working on performance heavily. Hard to test in devnet and is expected with new tech, stay tuned’’
The traffic might have been due to a record number of XRPLPunks minted on the platform.
An XRPL user reports, ‘’Over 2000 xpunk tokens redeemed, the market value of 12 million XRP, BCB launch, 935 NFTs minted in 3 hours, the market value of 300K. The rest of the launchpad partners will go live one by one from now on. Confident onXRP marketplace will break record after record’’.
5,750,000 in XRP volume was reached within 2 hours at the NFT marketplace, onXRP.com shortly after the XLS 20 release.
The Flare Community also tweeted, ‘’So happy to have minted my first XRPL NFT on the onXRPdotcom platform!’’
OnXRP.com takes steps to address the traffic, saying, ‘’We are taking the BCBacker mint page offline due to maintenance. As soon as it’s fixed we will update you all. The amount of traffic for his mint was extraordinary, big shout out to BCB. Only a positive thing! Stay tuned’’
It also highlights working on a few bugs,’’ Little bugs we are working on:- Wrong or no profiles showing, Wrong or no image showing, Performance, Optimizing transactions funds and NFTs are safu’’.
Ripple’s software expert, Mayukha Vadari in a recent thread of tweets highlights and addresses some of the issues users have encountered so far with the advent of XLS-20.
XRPL Now Has Native NFT Support
On October 31, Ripple CTO, David Schwartz, announced that the XLS-20 amendment has been activated on the XRP Ledger mainnet.
The amendment has enabled the creation of native non-fungible tokens (NFTs) on top of the ledger. According to Schwartz, the standard’s release is a “key milestone” for developers and creators.
The XLS-20 standard ensures that NFTs are created efficiently, ensuring that XRPL’s performance capabilities are not compromised.
In other news, STASIS, the issuer of the largest stablecoin backed by euros has completed XRP Ledger integration for its flagship EURS Stablecoin. XRP Ledger will reopen the box of stablecoin use cases.
EURS claims to be the largest non-USD stablecoin EURS with over $5 billion of transferred value and the biggest euro-denominated staking pools. Currently, EURS is the largest stablecoin pegged to the world’s second most-traded currency Euros and ranks as a top-10 stablecoin globally, and has amassed tens of thousands of users in its international communities.
