Ripple Integrates Wormhole to Enhance XRP Ledger with Multi-Chain Functionality

Ripple’s integration with Wormhole establishes connectivity between the XRP Ledger and over 35 blockchains, significantly enhancing cross-chain dApp development and interoperability.

XRP

Summary

Ripple has integrated Wormhole to connect the XRP Ledger with over 35 blockchains, enhancing its interoperability. This integration allows developers to create decentralized applications that operate across multiple networks, expanding XRP’s utility in decentralized finance (DeFi). Ripple aims to leverage this connectivity for improved tokenization and liquidity provision, reflecting a broader trend of institutional adoption in the crypto space.

Terms & Concepts
  • XRP Ledger (XRPL): A decentralized blockchain technology developed by Ripple, designed for fast and low-cost transactions.
  • Wormhole: A cross-chain messaging protocol that enables the transfer of data and assets between different blockchain networks.
  • DeFi: Decentralized Finance, a sector of the cryptocurrency market that aims to recreate traditional financial systems using blockchain technology.