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XRP

With Axelar, XRP Ledger Prepares to Connect with Over 55 Blockchains

Olayode Yusuff3 September 2024, 12:12 PM WAT1 Mins read

Ripple Labs has revealed its readiness to leverage Axelar to connect with over 55 other blockchains.

In a recent post titled “Expanding Programmability on the XRP Ledger,” Ripple mentioned its commitment to advancing programmability by using smart contracts to broaden the XRP Ledger’s functionalities and overall programmability.

According to the post, the XRP Ledger currently has two main areas of focus: the introduction of native smart contract capabilities on the XRP Ledger Mainnet, and the launch of the XRPL EVM Sidechain, which is expected to go live in the next few months.

With the progress being made on the XRPL EVM Sidechain, developed with the help of Peersyst, it will soon be live on the Devnet. The launch of the sidechain will bring Ethereum Virtual Machine (EVM) functionalities to the XRP ecosystem.

Additionally, the XRPL EVM Sidechain can leverage Axelar as a bridge platform, making it easy to transact between the XRPL EVM Sidechain, the XRP Ledger, and over 55 other blockchains. This will also enable dApps to be launched on the XRP Ledger.

While much of this development is planned for 2025, these advancements will give the XRP ecosystem a new look. To achieve all this, Ripple is willing to collaborate with DeFi developers and encourage community input on design specifications.

Author

Olayode Yusuff

Olayode Yusuff is a seasoned crypto journalist with a strong foundation in electrical engineering and data analysis. Writing and editing cryptocurrency news since 2014, he brings a unique perspective from his diverse roles in electrical systems maintenance and software development.

Passionate about digital assets, Olayode delivers clear, insightful commentary on their integration into global finance, focusing on how regulatory frameworks and political decisions shape their future.

With contributions to platforms like News Logical and Ethereum World News, and an engineering background from Ladoke Akintola University and the University of Portsmouth, Olayode expertly bridges technical expertise and industry analysis.

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