Introduction
Axelar has achieved a groundbreaking milestone by connecting the newly launched XRPL EVM Sidechain to over 80 blockchains. This integration enables seamless cross-chain functionality for Real-World Asset (RWA) tokenization and DeFi applications, significantly expanding the utility of the XRP Ledger (XRPL) ecosystem.
Key Features of the XRPL EVM Sidechain Integration
Cross-Chain Connectivity
- Live on Day 1: Axelar’s interoperability protocol ensures immediate connectivity between the XRPL EVM Sidechain and the XRPL mainnet.
- Asset Transfers: Supports wrapped XRP as the native gas token for the sidechain.
- Squid Integration: Provides a user-friendly interface for cross-chain transfers via Squid.
Developer Benefits
- EVM Compatibility: Developers can deploy EVM-compatible dApps while leveraging XRPL’s institutional-grade infrastructure.
XRPL Advantages:
- 6M+ wallet holders.
- Fast block times and low transaction costs.
- Robust validator network and regulatory compliance focus.
Partnerships and Ecosystem Growth
DeFi and Institutional Applications
The XRPL EVM Sidechain has attracted top-tier projects, including:
Application Partners
- Strobe: A money market protocol for DeFi lending and borrowing.
- Securd: A lending protocol offering secure passive income.
- Vertex: A capital-efficient derivatives trading platform.
Blockchain Tooling
- Blockscout: EVM block explorer.
- Goldsky: High-performance indexing via subgraphs.
Institutional DeFi Focus
The XRPL’s reliability and low-cost performance make it ideal for:
- Stablecoins: Institutional tokenization of dollar-based assets.
- RWAs: Bridging traditional finance with blockchain.
Leadership Insights
David Schwartz, CTO at Ripple
"The XRPL EVM Sidechain offers developers EVM-compatible tools while preserving XRP’s core utility. Axelar’s infrastructure ensures interoperability without altering XRPL’s fundamentals."
Georgios Vlachos, Axelar Foundation
"Institutions are increasingly adopting interoperability for dollarized financial products. XRPL’s infrastructure is pivotal for this global transition."
Getting Started
For Developers
- XRPL EVM Docs: docs.xrplevm.org
- Axelar Docs: docs.axelar.dev
For Users
👉 Cross-chain transfers via Squid
FAQs
1. What is the XRPL EVM Sidechain?
A fast, secure sidechain connected to XRPL via Axelar, enabling EVM-compatible dApps.
2. How does Axelar enhance XRPL?
Axelar connects XRPL to 80+ blockchains, enabling cross-chain asset transfers and DeFi applications.
3. What are the gas fees on the sidechain?
Wrapped XRP serves as the native gas token, with low fees typical of XRPL.
4. Can I use my existing XRPL wallet?
Yes! No new wallet is needed for the EVM sidechain.
5. Which projects are building on the sidechain?
Partners include Strobe, Securd, and Vertex, among others.
About Axelar & XRPL
Axelar
- Role: Gateway to open finance, enabling secure cross-chain interoperability.
- Backers: Dragonfly, Polychain, Binance Labs, and Coinbase Ventures.
- Learn More: axelar.network
XRP Ledger (XRPL)
- Features: Decentralized, institutional-grade blockchain for asset tokenization.
- Community: 1,000+ builders worldwide.
- Website: XRPL.org
👉 Explore Axelar’s cross-chain solutions
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