XRP has connected to Axelar's cross-chain network, letting the token and other assets move across more than 80 blockchains without turning the XRP Ledger into an Ethereum Virtual Machine chain. Ripple and the Axelar Foundation announced the integration, which market participants see as a step that could widen XRP's access to DeFi platforms and liquidity pools.
XRP has connected to Axelar's network, enabling cross-chain transfers of XRP and other assets across more than 80 blockchains. Ripple and the Axelar Foundation announced the integration, which moves assets between the XRP Ledger (XRPL) and Axelar's cross-chain infrastructure.
This integration is seen as a significant expansion of XRPL's multichain capabilities, potentially widening its access to DeFi platforms and liquidity pools, without converting XRPL into an EVM chain. Market participants appear to interpret this interoperability as a development that could lift XRP's utility and demand.
The prediction market for XRP reaching $3.00 in August has seen modest activity, with sub-market odds reflecting a small increase in YES pricing. Some participants may view the new interoperability as supportive of a potential price increase, though current YES probabilities remain relatively low.
Source: Crypto Briefing
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