Elevate

Axelar

Foundation

<ul>
 <li>Ripple partners with Axelar for seamless XRP Ledger connectivity.</li>
 <li>Axelar’s GMP enhances XRPL’s DeFi capabilities and cross-chain dApps.</li>
 <li>Integration with the Axelar network marks a milestone in blockchain interoperability.</li>
</ul>
<p>Ripple collaborates with <a href="https://axelar.network/" target="_blank" rel="noopener noreferrer nofollow">Axelar Foundation</a>, ushering in seamless interoperability for the XRP Ledger across various blockchain networks. Axelar’s integration aims to enhance <a href="https://xrpl.org/" target="_blank" rel="noopener noreferrer nofollow">XRPL</a>’s decentralized finance (DeFi) ecosystem, offering liquidity support for stablecoins and large-cap assets.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> and <a href="https://twitter.com/Axl_Foundation?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Axl_Foundation</a> are <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;">, supporting a pioneering step forward for XRP Ledger <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/1WPrAisMoL" rel="noopener noreferrer nofollow">pic.twitter.com/1WPrAisMoL</a></p>— Axelar Network (@axelarnetwork) <a href="https://twitter.com/axelarnetwork/status/1762480558062662074?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 27, 2024</a>
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<p>Developers will leverage XRPL’s features alongside Axelar’s General Message Passing (GMP), enabling advanced DeFi capabilities and cross-chain dApp deployment. The partnership propels XRPL into Axelar’s interconnected blockchain ecosystem, fostering a more sophisticated and unified experience for developers and users.</p>
<p>Axelar’s GMP facilitates secure cross-chain exchanges, allowing the execution of function calls on smart contracts across 55+ connected blockchains. Beyond bridging assets, this collaboration introduces a higher level of complexity, surpassing traditional transactions and enhancing the XRPL’s utility.</p>
<p>Axelar’s cross-chain security approach employs permissionless proof-of-stake validation, ensuring secure <a href="https://cryptonewsland.com/xrpls-potential-trillion-dollar-leap-in-rwa-tokenization-sparks-enthusiasm/" target="_blank" rel="noopener noreferrer nofollow">connectivity between XRPL</a> and Axelar’s hub-and-spoke network. The XRPL will integrate with Axelar’s secure cross-chain infrastructure through a multi-signature contract with 32 Axelar validators.</p>
<p>Georgios Vlachos, co-founder of Axelar Protocol, highlights XRPL’s addition as a DeFi and RWA innovation powerhouse within Axelar’s growing interoperable blockchain network.</p>
<p>Ripple’s CTO, <a href="https://cryptonewsland.com/is-xrpl-gearing-up-for-a-major-shift-ripple-cto-weighs-in/" target="_blank" rel="noopener noreferrer nofollow">David Schwartz</a>, emphasizes the transformative potential of blockchain interoperability, breaking down network silos and fostering an interconnected and accessible ecosystem. This initiative builds on Ripple’s amendment XLS-38 and extends XRPL’s interoperability beyond its mainnet and sidechains, enhancing its compatibility with Axelar’s network.</p>
<p>Scheduled for May, the Axelar network’s integration with XRPL marks a groundbreaking step in advancing blockchain interoperability and utility. The collaboration holds the promise of driving multi-chain innovation, offering new pathways for utility and innovation within the XRPL ecosystem and beyond. Stay tuned for updates on XRPL.org and axelar.network.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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<p>The post <a href="https://cryptonewsland.com/ripple-joins-forces-with-axelar-foundation-to-elevate-xrp-ledgers-cross-chain-compatibility/" rel="noopener noreferrer nofollow">Ripple Joins Forces with Axelar Foundation to Elevate XRP Ledger’s Cross-Chain Compatibility</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple Joins Forces with Axelar Foundation to Elevate XRP Ledger’s Cross-Chain Compatibility

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