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XRP Ledger's built-in DEX predates Solana's new model, showing early DeFi innovation since 2012.

Protocol Fundamentals
15 Jun 2026
Crypto news
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Bullish
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A new decentralized exchange (DEX) model on Solana called Mato uses a continuous clearing auction to reduce front-running and order sequencing issues. However, former Ripple developer Matt Hamilton highlighted that the XRP Ledger (XRPL) solved similar DEX ordering problems over 15 years ago with its built-in order book DEX, which has operated since 2012. XRPL's design integrates exchange functions directly into the ledger without relying on smart contracts, making it one of the oldest and longest-running native DeFi platforms. The XRPL community is also advancing new features like automated market makers (AMMs), lending, and vaults to expand on-chain finance, underscoring its ongoing relevance in the evolving DeFi space.

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