🔥XRP INTEROPERABILITY #Ripple & #Axelar STRATEGIC PARTNERSHIP to CONNECT #XRPL to 60+ Chains via GMP

🔥XRP INTEROPERABILITY #Ripple & #Axelar STRATEGIC PARTNERSHIP to CONNECT #XRPL to 60+ Chains via GMP

PT38M17S | Video has closed captioning.

2024-12-23T09:34:58+0800

Video available to play in 2160p 60fps This collaboration aims to drive forward a more interconnected blockchain ecosystem, offering developers new opportunities for integration and application development. Axelar’s network will serve as an additional resource to further broaden XRPL's utility and reach. 🔥Leveraging Axelar GMP for advanced RWA and DeFi capabilities on the XRPL🔥 Axelar network's integration with the XRPL aims to help bolster the XRPL DeFi ecosystem by providing essential liquidity for stablecoins and large-cap assets. Developers will also be able to capitalize on the XRPL’s built-in features such as the native DEX, the upcoming AMM and the payments system recognized for its security and efficiency. Axelar network will help facilitate the deployment of cross-chain dApps directly on the XRPL. Beyond traditional asset bridging, Axelar delivers General Message Passing (GMP), a feature that expands XRPL's functionality, enabling developers to execute function calls on smart contracts residing on 55+ connected blockchains. This capability ensures the secure, cross-chain exchange of a wide array of payloads, including both data and function calls, via Axelar's GMP. Such an advancement surpasses the initial focus of simple bridging transactions, where assets are typically locked on one chain and represented on another. With GMP, transactions involving XRP and other assets can transcend the XRPL, fostering a higher level of sophistication and creating a more unified experience in dApps that utilize XRP. “The advancement of blockchain interoperability can break down the silos between networks, enabling seamless interaction and value transfer across diverse platforms. This shift will drive innovation, particularly in DeFi, and could help lead to a more interconnected and accessible blockchain ecosystem,” said David Schwartz, CTO of Ripple and Co-creator of the XRPL. “This initiative from Axelar will help enhance the XRPL's interoperability by extending it to a wider network of blockchain environments while complementing the XRPL’s rich feature set and opening up new pathways for utility and innovation.” 📢🔥If you are looking to develop a strategy🧐 be a power user and level up your knowledge to the maximum of the XRP Ledger, EVM Sidechain, Xahau, and FLARE/Songbird coming DeFi ecosystems and network enhancements while managing risks, then you should join the 👉🏆”MBF PATREON VIP TIER” to LEVEL UP IN PREPARATION FOR CREATING A STRATEGY THAT IS BEST SUITED FOR YOU 🫵 👀👉 JOIN MBF PATREON https://www.patreon.com/bePatron?u=44327651 🏆MBF & The DeFi Standard community provide the most in-depth FACTUAL Reseach, voice notes, exclusive videos & more. MBF's mission since inception of patreon group in March 2021 is to LEVEL UP #XRPCommunity & #FLARECommunity 🏆 “The future is bright, the possibilities are boundless, and the time for the XRP community to awaken and seize the opportunities of 2024 is now. Let us march forward with unwavering conviction and an unyielding commitment to the transformative potential of the XRP Ledger.” -Mickey B. Fresh ⚠️ ALL OF MICKEY B FRESH’S VIDEOS & CONTENT should 🚫NOT EVER BE CONSIDERED FINANCIAL ADVICE. 🚨 All MBF content is for🎓educational 🧠 purposes only! 🙏 Thank you @cynarts Cynthia for digital art