Axelar connects the newly launched XRPL EVM Sidechain to over 80 blockchains, enabling crosschain RWA and DeFi applications—expanding the reach and utility of the XRP Ledger ecosystem.
Key Features of the XRPL EVM Sidechain
- Interoperability: Seamlessly bridges XRP Ledger’s mainnet with EVM-compatible chains via Axelar.
- Asset Transfers: Supports wrapped XRP as the native gas token.
- EVM Compatibility: Developers can port existing Ethereum dApps to XRPL.
- Institutional Focus: Leverages XRPL’s regulatory compliance, 6M+ wallets, and low-cost transactions.
👉 Explore Axelar’s crosschain solutions
Partner Ecosystem
Application Partners:
- Strobe: DeFi lending/borrowing protocol.
- Securd: Collateralized lending for passive income.
- Vertex: Capital-efficient derivatives trading.
Infrastructure:
- Blockscout: EVM block explorer.
- Goldsky: Custom indexing via subgraphs.
Institutional-Grade DeFi on XRPL
The XRPL EVM Sidechain enhances institutional tokenization of stablecoins and RWAs by combining:
- Speed: Fast block times.
- Scalability: Low transaction costs.
- Trust: Decade-long operational history.
Quote from David Schwartz, CTO at Ripple:
“Axelar’s crosschain infrastructure supports EVM compatibility without altering XRPL’s fundamentals.”
How to Get Started
Developers:
- Access XRPL EVM documentation.
- Integrate Axelar’s APIs via docs.axelar.dev.
Users:
- Transfer assets crosschain using Squid.
👉 Discover Axelar’s multichain tools
FAQs
Q: What is the XRPL EVM Sidechain?
A: An EVM-compatible sidechain connected to XRP Ledger via Axelar, enabling crosschain dApps.
Q: How does wrapped XRP work?
A: It serves as the gas token on the EVM Sidechain, minted 1:1 with native XRP.
Q: Is Axelar decentralized?
A: Yes, Axelar is a decentralized interoperability protocol securing crosschain transfers.
Q: Can Ethereum dApps migrate to XRPL?
A: Absolutely—developers can deploy EVM-compatible smart contracts with minimal changes.
For media inquiries, contact:
Karla Vilhelem, PR Director
[email protected]
(754) 215-4315
This content is for informational purposes only and does not constitute financial advice.
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