Wormhole and Ripple have announced a strategic agreement that will enable the XRP Ledger (XRPL) to integrate with over 35 top blockchains seamlessly. For more than six million XRPL users globally, this aims to facilitate genuine multichain interoperability and usher in a new era of cross-chain asset transfers, communication, and decentralized application development.
XRPL will be able to communicate directly with leading blockchain ecosystems, such as Ethereum, Solana, Avalanche, and Polygon, thanks to the inclusion of Wormhole. This cross-chain protocol has facilitated over $60 billion in volume and supports more than 200 decentralized applications. The ability to move, trade, or use XRP and other XRPL-based assets in DeFi protocols across dozens of networks without ever leaving the XRPL environment is a first.
For developers and organizations looking to create multichain applications, from payments and stablecoins to real-world asset (RWA) tokenization and cross-chain DeFi, the upgrade is more than just a technical one; it’s a fundamental one.
The Workings Of The Ripple Integration
Wormhole’s integration enables safe cross-chain messaging, in addition to asset transfers, by linking the XRPL mainnet and the XRPL EVM Sidechain to its network of over 35 blockchains. As a result, developers can create dApps that transfer data and value between XRPL and almost any significant blockchain, significantly increasing the ecosystem’s usefulness and reach.
This update follows the release of XRPL v2.5.0 by RippleX, which lays the foundation for regulated finance and more complex DeFi products on XRPL by introducing cutting-edge capabilities, such as batch transactions, permissioned DEXs, and token escrow.
Wormhole’s infrastructure provides XRPL users with direct access to tokenized real-world assets, stablecoins, and deep liquidity pools across the Web3 environment. Now, more than six million XRPL wallets can access new stablecoin marketplaces, take advantage of cutting-edge financial products that were previously unattainable, and take part in cross-chain DeFi protocols.
Through this connection, developers can utilize Wormhole’s extensive toolbox to build multichain dApps that cater to a global user base, bridging the gap between the broader DeFi ecosystem and XRPL’s renowned payment efficiency.
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