- XRP has joined the IBC network, marking its first native access to DeFi.
- The XRPL EVM has seen over 1 million transactions, 60,000+ addresses, and 50+ amendments.
- RippleXDev, Axelar, and Peersyst are preparing for the imminent Testnet launch, leading to full Mainnet deployment.
The XRP Ledger (XRPL) has officially integrated with the Inter-Blockchain Communication (IBC) protocol, finally giving XRP holders real access to decentralized finance (DeFi). This new connection hooks up XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, greatly boosting liquidity and interoperability.
According to the IBC protocol on X, for the first time, XRP users can engage with DeFi applications directly through XRPL, a move that takes the token’s functionality way beyond just payments.
The integration, put together by Peersyst, establishes XRP as a major player in cross-chain transactions, making it easy to work with other blockchain systems.
XRPL EVM Gains Traction Ahead of Testnet Launch
According to an article from Peersyst Technology, interest in the XRPL EVM continues to grow, with over 1 million transactions, 60,000+ addresses, 1,000+ tokens, and tens of thousands of smart contracts deployed during the Devnet stage. Additionally, more than 50 amendments have been implemented.
Related: Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos
To build on this momentum, teams from RippleXDev, Axelar, and Peersyst are preparing for the launch of the XRPL EVM Testnet. This phase serves as the final testing ground before the system goes live on the Mainnet, a critical step in expanding XRPL’s ecosystem.
What This Means for XRP
By joining IBC, XRPL is positioning itself as a multi-chain asset, enabling cross-chain transactions and growing its use cases in DeFi, staking, and liquidity pools. The Cosmos ecosystem, known for its ability to connect blockchains, is welcoming XRP as it moves past its old job as just a payment token.
Related: XRP Ledger DEX Volume Hits $400M in January, Ripple CEO Bullish on Growth
The successful rollout of the XRPL EVM on Mainnet could further solidify XRP’s role in the blockchain industry, ensuring its long-term relevance as a versatile and widely adopted digital asset.
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