The XRP Ledger (XRPL) has reportedly been experiencing a significant strain on its network since December 26, 2023, primarily due to a surge in transaction volume. Magnetic X, a leading decentralized exchange (DEX) project on the XRPL, disclosed through social media that the ledger is under what appears to be a distributed denial of service (DDoS) attack. While revealing these details, Magnetic X raised concerns over the potential impacts on regular users and development teams. As a prominent player in the XRPL ecosystem, it reported that the onslaught had hindered its applications from retrieving transaction history and keeping up with network transaction updates.
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