XRP Ledger is billed to thrive with EVM sidechain embrace
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Updates in Q2 – namely progress w/ the XRPL EVM sidechain & Axelar for interoperability, Archax expected to bring hundreds of millions of $ of tokenized RWA onto the XRPL and prep for future Oracles and MPT releases – are making me very excited about what’s coming in Q3 + Q4.As per updates, Axelar will function as an exclusive bridge for the sidechain’s native token from XRPL. Besides this function, Axelar can link over 50 blockchains to its ecosystem.
According to Long, Ripple looks forward to the Archax collaboration, which it anticipates will bring hundreds of millions of dollars in tokenized real-world assets into XRP Ledger. Meanwhile, as the community awaits these developments, other releases remain in the works. Notably, the Ripple president hinted at two future releases in Oracles and MPT. As per Long, both the second and third quarters will unveil new developments for XRP.Meanwhile, a closer analysis of the XRP Markets Report for the second quarter revealed that although the broader cryptocurrency market witnessed volatility, institutional adoption offered optimism. Notably, through RWA tokenization and achieving some regulatory milestones such as MiCA, XRP stayed ahead.
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