Ripple Pools Skew Volume Reports

Two new automated market maker (AMM) pools on the XRP Ledger have been attracting attention, with a reported combined volume of $2.82 billion over the past seven days.

The pools, which were created on September 21, account for an astonishing 97.24% of all AMM volume on the XRP Ledger during this period.

However, despite the massive reported volume, these two pools have only recorded a total of 185 trades, with neither pool containing any XRP.

The actual liquidity in one of the pools is also questionable, as it holds only trace amounts of both assets and no XRP at all.