<ul><li>Ripple&#39;s XRPL EVM Sidechain enhances interoperability and expands XRP Ledger with Ethereum compatibility.</li><li>The blockchain platform prioritizes mainnet bridge security, partnering with Axelar and Peersyst for robust, efficient bridging.</li><li>The UNL validator initially voted &#39;No&#39; on the XLS-38 amendment, awaiting further validation and use cases.</li></ul>Ripple has <a href="https://ripple.com/insights/XRPL-EVM-Sidechain-Enhancing-Interoperability-with-Axelar-Bridge%20/" rel="noopener noreferrer nofollow">announced</a> the upcoming launch of the XRPL EVM Sidechain, which promises to enhance interoperability and expand the utility of the XRP Ledger (XRPL). Named after community feedback, the XRPL EVM Sidechain will incorporate Ethereum Virtual Machine (EVM) compatibility, opening new avenues for developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization.The core of this innovation involves the integration of Axelar Bridge as the exclusive connector between the XRPL mainnet and the EVM Sidechain. This bridge will facilitate the seamless transfer of assets, including the native and gas token wrapped XRP (eXRP), across networks. The focus is on optimizing the security of the mainnet bridge and enhancing the user and developer experience to ensure effortless asset bridging.Key Priorities and Security EnhancementsAs Ripple gears up for the launch, ensuring the security of the mainnet bridge and refining the user and developer experience are paramount. The company is collaborating with Axelar and Peersyst to leverage Axelar&#39;s robust, production-ready bridge technology, which has been integrated by major platforms including Uniswap and Microsoft. Axelar&#39;s network, comprising 75 validators and fortified by key-rotation policies, sets a high threshold against potential security threats, ensuring a secure and efficient bridging process.<a href="https://cryptotale.org/xrpl-evm-sidechain-to-boost-defi-with-axelar-bridge-integration/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRPL EVM Sidechain to Boost DeFi with Axelar Bridge Integration

CryptoTale

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