XRPL DEX

The XRPL DEX is the native AMM and order-book layer built directly into the XRP Ledger consensus protocol. Pools and orders execute as part of XRPL’s transaction processing — there is no separate smart-contract layer for trading.

The DEX is one of the longest-running on-chain trading venues, predating most EVM DEXs, and continues to handle XRP-denominated flow alongside XRPL’s payments use case.