David Schwartz, former CTO of Ripple and one of the original developers of the XRP Ledger, highlighted the network’s stability in the lead-up to the long-awaited XRPL v3.2.0 upgrade. As node operators began transitioning to the newly named server software “xrpld,” Schwartz briefly took his own XRPL hub offline on June 17 to conduct a software update.
Network performance insights shared
According to Schwartz’s published network performance data from the past month, the ledger operated with minimal disruptions during this period. The report states that only one significant incident was recorded, involving a short-lived network peer connection loss.
Schwartz explained that the observed interruption most likely resulted from regional connectivity problems affecting the hub’s physical location, and not from an inherent flaw in the XRP Ledger itself.
Following the upgrade, Schwartz announced that his hub was back online and functioning normally. The maintenance was initially expected to take about 10 minutes; however, shutting down the system safely took longer than planned, extending the downtime to approximately 18 minutes.
Main features of v3.2.0
The v3.2.0 version of XRPL introduces a change set called fixCleanup3_2_0, which rolls out bug fixes and performance improvements across various components. The update covers Single Asset Vaults, a draft lending protocol known as XLS-66, decentralized exchange features, Multi Purpose Tokens (MPT), and permissioned areas.
Mini glossary: XLS-66 refers to a technical draft standard for lending infrastructure on XRPL. MPT, or Multi Purpose Tokens, aim to provide more flexible token structures for specific use cases on the network.
One of the most noteworthy steps was changing the core server software’s name from “rippled” to “xrpld.” The update brings more than just a new name, including new binary file names, updated configuration files, service names, and default system directories as part of the deployment.
Operators urged to follow upgrade process
The XRPL Foundation urged validators and node operators to carefully follow the official migration steps and to back up critical files before upgrading. The foundation is one of the main organizations promoting open source development and supporting network standards in the XRP Ledger ecosystem.
Network data indicates that about 14 percent of XRPL nodes have already upgraded to v3.2.0, which is expected to reduce memory usage by up to 40 percent.
This anticipated reduction could lower operating costs for node operators. At the same time, the upgrade aims to increase scalability for tokenization, payments, and emerging blockchain applications.
Ripple ecosystem continues to expand
This update comes at a time when Ripple is focused on expanding the XRPL ecosystem. The company has recently taken steps to support AI-driven payment scenarios with XRP and RLUSD, while also strengthening its initiatives in the enterprise crypto payments sector.
According to the report, Ripple maintains that banks want easier access to blockchain technology without having to build complex technical infrastructure themselves. In this context, XRPL’s infrastructure updates are expected to lay the groundwork for broader institutional adoption of the network.
