Every efficient clearing system in finance has been built on top of deep and reliable settlement infrastructure, and that is precisely the role the @XRPLF has played for more than a decade, settling value with deterministic finality and without interruption. For clearing to unlock capital efficiency at scale, XRPL first needs a broader base of participants, deeper liquidity and a consistently higher volume of activity settling on it every day, and growing that activity is our core objective. Transaction activity is the most reliable indicator of a network’s health, since it reflects real usage by traders, applications and institutions rather than short term attention. XRPL is technically prepared for that growth, with finality in a few seconds through its consensus protocol, fees measured in fractions of a cent and market infrastructure embedded at the protocol level through trust lines, a native onchain order book and an AMM that share the same liquidity layer. What the network needs now is more flow, and we are preparing to channel that flow into its native markets. Our first focus is on the two assets that anchor activity on XRPL, @XRP as the native asset required for transaction fees and a core asset for liquidity across trading pairs, and RLUSD as a regulated dollar issued natively on the same rails, giving the network a stable unit of account for trading, payments and settlement. Deeper liquidity on these pairs reduces execution costs, tightens spreads and lowers slippage, making XRPL a more efficient venue for traders and for applications that depend on reliable onchain price discovery. This creates a compounding effect in which more liquidity attracts more participants, more participants generate more transactions, and a higher transaction base creates the conditions for new applications to launch and scale on the network. Each of those transactions also burns a small amount of XRP in fees, which permanently removes it from supply and ties network activity directly to the native asset. As this activity grows, clearing running natively within XRPL can net obligations across counterparties on a continuous basis, reducing the capital that needs to move for each settlement and adding a layer of capital efficiency on top of infrastructure that has already proven its reliability at scale. We intend to drive this growth alongside the teams already shipping on XRPL, and we will share more details shortly. If you are building on the network, my DMs are open, as are those of everyone on our team, and we would like to hear what you are working on.