Xumm developers tease a new DEX product.
Xumm developers have let slip that they will release a new product for the XRP Ledger native wallet that promises to improve the trading experience on the app significantly.
Developers disclosed this in a tweet on Monday via the official Xumm Twitter handle. Notably, the feature is set to roll out on Thursday.
Brace yourselves for a big reveal on Thursday! We're about to up your trading game with our newest product. Get ready for the ultimate secure and seamless trading experience from Xumm! 🤫#DEX #trade #XRP #XRPL #Xumm pic.twitter.com/VWGlUowfRr
— Xumm Wallet (@XummWallet) April 3, 2023
“A lot of work has gone into creating this, please stay tuned on Thursday,” said XRPL Labs and Xumm developer Koen Paas.
Unsurprisingly, the latest excitement has sparked significant excitement within the XRP community. As highlighted by one user, the self-custody wallet is slowly becoming a centralized exchange alternative.
XUMM feels real comfy rn with all of these exchanges going down.
— Matthew Fox* ☀️ (@TheStoicSatoshi) April 3, 2023
Recall that developers have also rolled out several XRP on/off-ramps, ensuring users can fund their wallets directly without going through a centralized exchange.
While it is unclear what the new product will be, Kristin Dack, a prominent member of the XRP community, noted that in her experience, charts on the app were rife with glitches. Consequently, she is excited to see how developers can improve the experience.
Im so happy to see this, I find most charts in xumm to be glitchy and some charts dont even display data, cant wait to see what they have done…good things come to those who wait. https://t.co/Z6uqynWIkA
— Lady K (@KristinDack) April 3, 2023
It remains to be seen if the new product will upgrade the DEX Trade xApp or if developers plan to release an entirely new decentralized exchange. Recall that though he alluded to experiencing a glitch when he placed buy limit orders, Ripple Chief Technology Officer David Schwartz, in January, had left glowing reviews of the DEX Trade app.
The latest teaser follows the release of Xumm 2.4.0 last month. At the time, developers also revealed that they were working on new tools for xApp developers that would be released this quarter. For the uninitiated, xApps refer to embedded web apps on the Xumm wallet that offer specific services to users.
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