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Coreum-based DEX Lists Two New XRP Liquidity Pools

source-logo  thecryptobasic.com 21 March 2024 09:18, UTC

Pulsara, a DEX built on the Coreum blockchain, has opened its doors to the XRP community with a new listing.

Through a new listing, the XRP ecosystem has become more intertwined with the Cosmos ecosystem. Pulsara, a Coreum-based decentralized exchange, announced this week that it has enabled support for two XRP-linked liquidity pools.

The new Pulsara listing allows users to exchange in both ways XRP for COREUM, the network’s native currency, and SARA, the native token for the Pulsara DEX. Users earn SARA token rewards for supplying liquidity to the pairs that have seen active usage since their release.

$XRP Liquidity pools are live in Pulsara! https://t.co/XgltA2aO4R

— Coreum (@CoreumOfficial) March 20, 2024

Pulsara’s listing of XRP liquidity pairs follows the launch of the Coreum XRPL bridge roughly one week ago. As reported by The Crypto Basic, the newly launched bridge allows users to move XRP from the XRP Ledger to Coreum and other EVM-compatible blockchains.

In the past, bridging service Sologenic also reported moving up to 37 million COREUM valued at $7 million from XRPL to Coreum. The launch of the new liquidity pools could also potentially boost the movement of assets across both networks.

XRP Gains Momentum On The Coreum Blockchain

The latest development involving XRP and Coreum is significant for multiple reasons. Per Pulsara’s announcement, the listing was subject to community voting, with a majority in favor of adding the XRP pairs.

Evidently, this suggests that XRP maintains its strong following even beyond its native ecosystem. Such integrations help bolster XRPL Interoperability, allowing capital to flow freely between the XRPL and other blockchain networks.