According to external sources, the encryption lawyer Bill Morgan recently indicated that one of the most prominent advantages of XRP was the hosting mechanism that Ripple had set up earlier on the XRP Legger. This arrangement has made it easier for the market to judge the pace of the release of coins and has somewhat eased external concerns about large-scale allocation.
Trust balances continue to decline
Morgan believes that understanding the hosting structure of the XRP shows why it sustains market attraction over the long term, and that other functional upgrades build on it to continue to add value. He mentioned that Ripple managed a large number of XRPs through hosting, one of which was to stabilize market expectations.
According to XRPScan data, there are currently approximately 32,445 million XRPs in a hosting state, and some 67,526 million are in circulation. Morgan also mentioned that approximately a year ago, XRP was close to 36 per cent of the total.
At present, this proportion has dropped to below 32.5 per cent, with a total available supply of approximately 99.986 billion XRPs. The reason is that Ripple is still unlocking 1 billion XRPs on a monthly basis, but has not re-locked about 300 million of them back to the hosting account. According to this trend, by July of next year, the share of trust may fall below 29 per cent.
XRPL upgrade vote still pending.
In addition to the hosting topic, a rehabilitation upgrade of XRP Ledger is also under way. The latest XRPScan data show that the current voting support rate for the amendment is 40 per cent, with a clear gap from the 80 per cent threshold required to enter the activation phase.
This amendment is part of version 3.2.0 of xrpld and is primarily used to clean and maintain existing functions. It covers modules such as single-asset treasury, loan agreements, licensed DEX, multi-purpose tokens and licence domain names.
The restoration is focused on precision and verification
The disclosed update indicated that the focus of the restoration included the accuracy and rounding of the single-asset treasury and the loan agreement, while amending the licence DEX to trigger the verification of anomalies when valid quotations were deleted.
In addition, the amendments include the verification of the number of non-regulated multi-purpose tokens and the examination of zero DomainID in the licence domain. The new version adds a new constraint named Account Roots Deleted Clean to confirm that the account will be deleted without leaving a directly accessible lined object.
Another recent development is that XRP Ledger ' s x 402 facilitator has completed close to 1 million agency transactions, indicating that the use of the relevant chain tools is still growing.