The XRP Ledger (XRPL) is set to introduce a native Automated Market Maker (AMM) feature, which Ripple CTO David Schwartz considers the most exciting development to come to the platform in the past decade. The AMM functionality, a hybrid of Central Limit Order Book (CLOB) and AMM, offers optimal pricing with low slippage, making it easier to get liquidity and allowing anyone to create a new pool of assets to trade.