New Proposal on XRP Ledger to Prevent Flash Loan Attacks Causing Hundreds of Millions in DeFi Losses
On May 31, recent DeFi attacks targeting protocols such as Thorchain, Drift, and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger. Due to the atomic nature of XRPL transactions and the inability to include composable calls within transactions, flash loan attacks are structurally impossible on this network. As XRPL advances its AMM upgrade and the tokenization of real-world assets continues to expand, institutional investors may weigh this built-in resistance to attacks against the deeper liquidity and more mature DeFi ecosystem of Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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