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- XRP’s integration with IBC opens up DeFi participation, making it more than just a payment token.
- XRPL EVM sees strong interest with over 1 million transactions, preparing for Testnet launch.
- XRP’s role in cross-chain transactions strengthens its position in staking and liquidity pools.
The XRP Ledger (XRPL) has now connected with the Inter-Blockchain Communication (IBC) protocol, significantly enhancing XRP’s access to decentralized finance (DeFi). This integration links XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, improving liquidity and enabling smooth cross-chain interactions.
XRP is joining the IBC network 🧑🚀
— The Inter-Blockchain Communication Protocol (@IBCProtocol) February 12, 2025
For the first time, the @ripple community will have native access to DeFi through the XRPL chain built by @peersyst.
It connects to @cosmos and EVM, unlocking liquidity and expanding interoperability.
Welcome to Cosmos, XRP community 🧑🚀 https://t.co/csujx0qaK8
This new development marks a turning point for XRP, offering its users a direct way to participate in DeFi applications, expanding its use beyond just payments. By adding IBC compatibility, XRPL’s capabilities grow, positioning XRP as a strong player in the world of cross-chain transactions. The move was made possible by Peersyst Technology, making it easier for XRPL to interact with other blockchain ecosystems.
XRPL EVM Gains Traction in Devnet Stage
The XRPL EVM is gaining momentum as it heads toward its Testnet launch. During the Devnet phase, the system recorded over 1 million transactions, 60,000 addresses, 1,000 tokens, and the deployment of more than 50 amendments. These impressive results highlight the increasing interest and adoption of XRPL’s EVM, paving the way for the upcoming Testnet launch, which is a crucial step before the system goes live on the Mainnet.
RippleXDev, Axelar, and Peersyst are working closely on this final testing phase, which aims to further strengthen XRPL’s ecosystem. Through successful implementation of the EVM, users will gain better access to decentralized applications that run on multiple blockchains.
The Growing Role of XRP in the DeFi Ecosystem
XRP attains greater versatility when it participates in the IBC network. XRP can expand its DeFi opportunities through cross-chain technology while also enabling staking functionality and liquidation pools. XRP receives acceptance within the Cosmos blockchain interoperable ecosystem since its value reaches beyond what was possible as an isolation payment token.
The impending Mainnet release of the XRPL EVM will fuel further growth in the ecosystem which will cement XRP as a fundamental blockchain asset. XRP’s ability to access multiple supported blockchains will improve its overall value while raising demand levels which secures its position as a leading crypto asset in the long term.