XRP Gets Serious About DeFi: IBC Integration Bridges to Cosmos & EVM
- XRP has joined the IBC network, marking its first native access to DeFi.
- The XRPL EVM has seen over 1 million transactions, 60,000+ addresses, and 50+ amendments.
- RippleXDev, Axelar, and Peersyst are preparing for the imminent Testnet launch, leading to full Mainnet deployment.
The XRP Ledger (XRPL) has officially integrated with the Inter-Blockchain Communication (IBC) protocol, finally giving XRP holders real access to decentralized finance (DeFi). This new connection hooks up XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, greatly boosting liquidity and interoperability.
According to the IBC protocol on X, for the first time, XRP users can engage with DeFi applications directly through XRPL, a move that takes the token’s functionality way beyond just payments.
The integration, put together by Peersyst, establishes XRP as a major player in cross-chain transactions, making it easy to work with other blockchain systems.
XRPL EVM Gains Traction Ahead of Testnet Launch
According to an article from Peersyst Technology, interest in the XRPL EVM continues to grow, with over 1 million transactions, 60,000+ addresses, 1,000+ tokens, and tens …
The post XRP Gets Serious About DeFi: IBC Integration Bridges to Cosmos & EVM appeared first on Coin Edition.
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XRP Gets Serious About DeFi: IBC Integration Bridges to Cosmos & EVM
- XRP has joined the IBC network, marking its first native access to DeFi.
- The XRPL EVM has seen over 1 million transactions, 60,000+ addresses, and 50+ amendments.
- RippleXDev, Axelar, and Peersyst are preparing for the imminent Testnet launch, leading to full Mainnet deployment.
The XRP Ledger (XRPL) has officially integrated with the Inter-Blockchain Communication (IBC) protocol, finally giving XRP holders real access to decentralized finance (DeFi). This new connection hooks up XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, greatly boosting liquidity and interoperability.
According to the IBC protocol on X, for the first time, XRP users can engage with DeFi applications directly through XRPL, a move that takes the token’s functionality way beyond just payments.
The integration, put together by Peersyst, establishes XRP as a major player in cross-chain transactions, making it easy to work with other blockchain systems.
XRPL EVM Gains Traction Ahead of Testnet Launch
According to an article from Peersyst Technology, interest in the XRPL EVM continues to grow, with over 1 million transactions, 60,000+ addresses, 1,000+ tokens, and tens …
The post XRP Gets Serious About DeFi: IBC Integration Bridges to Cosmos & EVM appeared first on Coin Edition.
Read More
Ethereum Foundation Sets New Treasury Policy, Caps Annual Spending at 15%