CandleFocus XRP Gets Serious About DeFi: IBC Integration Bridges to Cosmos & EVM
2025-02-13
Author: Content Editor
The XRP Ledger (XRPL) has integrated with the Inter-Blockchain Communication (IBC) protocol, allowing XRP holders to engage with decentralized finance (DeFi) applications directly through XRPL. This integration, facilitated by Peersyst, connects XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, enhancing liquidity and interoperability. The XRPL EVM has seen significant growth during the Devnet stage, with over 1 million transactions, 60,000+ addresses, 1,000+ tokens, and tens of thousands of smart contracts deployed. RippleXDev, Axelar, and Peersyst are preparing for the launch of the XRPL EVM Testnet, which will serve as the final testing ground before going live on the Mainnet. By joining IBC, XRPL positions itself as a multi-chain asset, expanding its use cases in DeFi, staking, and liquidity pools. The successful rollout of XRPL EVM on Mainnet could solidify XRP's role in the blockchain industry as a versatile and widely adopted digital asset.
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