This proposal allows features like platform fees, NFT mints utilizing fallback logic, and multi-account swaps in a seamless transaction workflow.
The XRP Ledger is preparing to expand its capabilities with a proposed XLS-56d amendment to support batch transactions. The update, designed by developer Denis Angell, introduces atomic multi-step logic that developers can use to create seamless, monetizable user experiences directly on-chain.
The change offers a new standard for executing multiple transactions in a single action, with customizable execution logic and low fees.
XLS-56d enables developers to bundle up to eight unsigned transactions into an individual container, which is posted as one signed transaction with a single fee. The proposal proposes four execution modes of ALLORNOTHING, ONLYONE, UNTILFAILURE, and INDEPENDENT, which stipulate how the included actions are executed.
The framework makes payment app developers, NFT development platforms, or automated financial applications more reliable and efficient. Platform fees might also be coded into user activity, and certain user actions, such as the creation and listing of NFTs, may now be performed in a multi-action way. In case of failure, a complete rollback is ensured to avoid partial results.
The update also simplifies the coordination of accounts. An example would be the lack of need for external escrow services when exchanging trustless tokens between users. Every internal transaction is logged on the ledger and has metadata, promising clarity without performance tradeoffs. It is also verified by multi-signature and consistent with the existing XRPL transaction architecture.
XLS-56d is currently live as a proposed amendment. Validator support must be required to come to the mainnet. RippleX has opened the vote on the change to developers and operators of validators through GitHub and Discord.
The suggestion correlates to the broader Ripple strategy to transform XRPL into an institutional and cross-chain application. Ripple has been integrated with Wormhole, a prominent interoperability protocol, and confirmed it on June 27. The collaboration links XRPL and its EVM sidechain to more than 30 blockchains, enabling cross-chain messaging, token transfer, and multichain tokens.
This evolution makes XRPL a multichain-compatible ledger suited to institutional needs. The integration of Wormhole could be a step towards institutional-grade functionality since companies such as BlackRock, Apollo, and Securitize already use the platform to support digital asset infrastructure.
Although the total transaction volume decreased slightly in May, certain areas, such as NFTs and AMMs, achieved significant growth on XRPL. Although trading declined, NFT mints increased in May to 2.56 million, up by 44% monthly. The number of active wallets was also on the rise, as more than 278,000 unique wallets were active in the network throughout the month.
Payments continued to take the lead in transactions, although non-fungible token (NFT) activity also increased, with mints increasing to 2.56 million, up 1.76 million in April. Rapid mint growth was accompanied by a corresponding number of burns and cancellations, demonstrating experimentation in the NFT domain instead of consistent trading activity. The trading declined 8.4% on a month-over-month basis, indicating that the XRPL NFT market is currently being tested.
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