Former Ripple developer Matt Hamilton praised XRP’s early architecture, emphasizing that the XRP Ledger’s decentralized exchange (DEX) has operated continuously since its 2012 launch, making it one of the longest‑standing DEXs in crypto history.
XRPL’s Decentralized Exchange Legacy
The XRP Ledger introduced a native DEX that lets investors trade XRP‑paired tokens with minimal network fees, which are burned rather than paid to any intermediary. This design enables a low‑cost market environment, allowing users to buy or sell assets without relying on centralized order books. Because the fee structure is built into the blockchain itself, the exchange remains open and permissionless for all crypto participants.
Innovation Spotlight at Solana Summit Germany
During the recent Solana Summit Germany, founder Thomas Gehrmann unveiled Mato, a DEX that claims to eliminate front‑running and middlemen by matching orders through an auction‑based system. Hamilton responded on Twitter, noting that the problem Mato addresses was already solved on the XRP Ledger fifteen years earlier, when development began in 2011 and the network launched in 2012. He warned that repeatedly reinventing the wheel could hinder progress across the broader blockchain industry.