Ripple has announced a strategic integration with cross-chain interoperability protocol Wormhole, bridging the XRP Ledger and its EVM-compatible sidechain with over 35 blockchains. This move accelerates interoperability and expands the utility of XRP-native applications across ecosystems like Ethereum, Solana, Avalanche, and Polygon.
Key Benefits of the Integration
- Cross-Chain Connectivity: Wormhole’s bridge enables seamless token transfers and interactions between XRP Ledger and major blockchains.
- Developer Opportunities: Builders can now create multichain dApps leveraging DeFi, liquidity pools, and tokenization.
- Institutional Readiness: Enhances XRP’s compliance-focused infrastructure for enterprise adoption.
Why Interoperability Matters
David Schwartz, Ripple’s CTO, highlights interoperability as critical for mass adoption:
“Tokens natively issued on the XRP Ledger can now move between networks while retaining control. This infrastructure unlocks cross-chain potential.”
Wormhole’s Robinson Burkey adds:
“This integration solidifies XRP Ledger’s role in regulated, interoperable digital asset ecosystems.”
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FAQs
Q: Which blockchains are now connected to XRP Ledger?
A: Over 35 networks, including Ethereum, Solana, Avalanche, and Polygon.
Q: How does this benefit XRP holders?
A: It enables participation in DeFi, liquidity provision, and tokenized assets across chains.
Q: Is this integration live?
A: Yes, as of June 26, 2024.
Ripple’s integration with Wormhole marks a pivotal step toward a multichain future, combining XRP’s compliance strengths with broad ecosystem access.
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