XRP connects to Axelar network, boosting cross-chain capabilities

https://www.amazon.com/QUARPIMER-Ripple-Cryptocurrency-Collectors-Protective/dp/B094G1WTRV XRP has now connected to Axelar’s network, enabling cross-chain transfers of XRP and other assets across over 80 blockchains. This development comes after Ripple and the Axelar Foundation announced their integration, facilitating asset movement between XRP Ledger (XRPL) and Axelar’s cross-chain infrastructure. This integration is seen as a significant expansion of XRPL’s multichain capabilities, potentially enhancing its access to decentralized finance (DeFi) platforms and liquidity pools without converting XRPL into an Ethereum Virtual Machine (EVM) chain. Market participants appear to interpret this cross-chain capability as a development that could elevate XRP’s utility and demand. The prediction market for XRP reaching $3.00 in August has seen modest activity, with sub-market odds reflecting a small increase in YES pricing. This activity suggests that some participants may view this interoperability as supportive of a potential price increase, though the current YES probabilities remain relatively low. Key Takeaways XRP’s integration with Axelar’s network appears to suggest enhanced utili...