Close Menu
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
What's Hot

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Facebook X (Twitter) Instagram
Tether ZoneTether Zone
Facebook X (Twitter) Instagram
Button
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
Tether ZoneTether Zone
Home ยป Ripple Announces Integration with Axelar for Improved Interoperability on XRPL EVM Sidechain
News

Ripple Announces Integration with Axelar for Improved Interoperability on XRPL EVM Sidechain

By adminJun. 12, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Ripple Announces Integration with Axelar for Improved Interoperability on XRPL EVM Sidechain
Ripple Announces Integration with Axelar for Improved Interoperability on XRPL EVM Sidechain
Share
Facebook Twitter LinkedIn Pinterest Email

On June 12th, Ripple’s XRP Ledger (XRPL) blockchain network unveiled its latest innovation – a new sidechain compatible with the Ethereum Virtual Machine (EVM). This new addition, known as the XRPL EVM Sidechain, is set to revolutionize the world of decentralized finance (DeFi) and real-world asset (RWA) tokenization, opening up a realm of possibilities for XRPL developers.

Ripple has partnered with Axelar to serve as the exclusive bridge for accessing the XRPL EVM sidechain’s native gas token (eXRP). In addition, Axelar will facilitate the connection of other fungible tokens to and from the XRPL mainnet, as well as across more than 55 blockchains on the Axelar network.

Furthermore, Ripple’s engineering team has collaborated with Peersyst to enhance XRPL interoperability. Ferran Prat, CEO of Peersyst, praised Axelar as a reliable bridge for bringing packaged XRP (eXRP) to the XRPL EVM sidechain, with plans to transition the core bridge to devnet.

The integration of the XRPL EVM Sidechain with the XRPL mainnet relies on a bridge, with Wrapped XRP (eXRP) serving as the native asset and gas token. This bridge facilitates seamless asset transfers between XRPL and EVM Sidechain, promoting interoperability and efficient transaction processing to leverage the strengths of both networks.

In a separate development, Ripple announced the launch of an XRPL Japan and Korea Fund on June 11, 2024, along with the acquisition of Standard Custody, marking significant milestones in the company’s growth and expansion.

Please note that the opinions expressed in this article are for informational purposes only and should not be construed as financial or investment advice. Investing in cryptocurrencies carries inherent risks of financial loss.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

Comprehensive Review and Welcome Bonus of Casinobit.io Crypto Casino

Apr. 17, 2025

PEPE Coin Price May Surge Following Multi-Million Dollar Acquisition by Anonymous Wallets

Apr. 17, 2025

Bitcoin in North Carolina: The State Proposes Allocating Up to 10% of Public Funds to BTC

Apr. 17, 2025
Leave A Reply Cancel Reply

Top Posts

Is Binance Exchange a Trustworthy and Secure Investment Option?

Sep. 21, 2021

Review of Kraken Exchange: Can It Be Trusted and Considered a Secure Investment Option?

Sep. 26, 2021

Huobi Global Exchange: A Comprehensive Assessment of Reliability and Safety for Investors

Sep. 26, 2021
Don't Miss

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

Blockchain-based logistics platform Pailot is in the process of being integrated into the Pi Network…

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025

Bitcoin Price Falls Below $85K Again as TAO and FET Experience Increases

Apr. 18, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Most Popular

Top Picks for Q2 2024 Ethereum and AI Tokens

Jul. 1, 2024

Bitcoin Update for October 3, 2025: Market Decline with BTC Trading at $82,000, While $PI and ENA Experience a 5% Increase

Mar. 10, 2025

Bitcoins value drops to 68K due to US elections and increased risk for traders

Nov. 3, 2024
Our Picks

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Tether Zone
Facebook X (Twitter) Instagram Pinterest YouTube Dribbble
  • Home
  • News
  • Analysis
  • DeFi
  • Opinion
  • Press Release
© 2025 Tether Zone All rights reserved.

Type above and press Enter to search. Press Esc to cancel.