David Schwartz, Chief Technology Officer at Ripple, is developing a specialized monitoring tool designed to enhance performance tracking on the XRP Ledger (XRPL).
The tool, intended to integrate with platforms such as rrdtool and Cacti, utilizes a high-performance server configuration featuring a 9950X processor, 256 GB of RAM, and a 10 Gbps unmetered network link.
This custom solution aims to efficiently manage multiple server connections simultaneously, providing deeper insights into the blockchain’s operations.
Separate from the development news, cryptocurrency markets witnessed significant events involving XRP and Shiba Inu (SHIB).
XRP experienced a substantial liquidation imbalance measured at 7,676%, affecting long positions worth over $2.61 million and highlighting structural overexposure within its derivatives market.
Concurrently, SHIB saw a dramatic +12,887% spike in outflows, though initial analysis suggests this alarming figure may primarily stem from an extremely low base prior to the movement rather than widespread panic selling.
Together, these distinct market events underscore the ongoing complexities inherent in cryptocurrency trading and infrastructure development.