New integrations for XRP Ledger (XRPL) announced this week
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This collaboration aims to drive forward a more interconnected blockchain ecosystem, providing developers with new integration and application development opportunities. Axelar's network will be a supplementary resource for XRPL, increasing its utility and reach.DeFi ecosystem by providing crucial liquidity for stablecoins and large-cap assets. Developers will also be able to take advantage of the XRPL's built-in features, which include the native DEX and the upcoming AMM.
Additionally, the Axelar network will aid in the deployment of cross-chain dApps directly on the XRPL. Beyond standard asset bridging, Axelar provides General Message Passing , a capability that extends XRPL's functionality by allowing developers to execute function calls on smart contracts on over 55 connected blockchains. The XRPL-Axelar integration is scheduled to deploy in May.
Earlier this week, Zoniqx announced a partnership with Ripple. The collaboration intends to simplify the tokenization process for real-world assets on XRPL, which allows native and issued tokens to represent assets on-chain.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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