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Ripple to use Axelar as bridge protocol for EVM sidechain

CointimeCointime2024/06/12 11:40
By:Cointime

Blockchain network XRP Ledger, supported by payment company Ripple, has revealed the official name of its upcoming sidechain as "XRPL EVM Sidechain" and stated that it will launch with Axelar as the exclusive bridging protocol. The interoperability platform Axelar will allow users to exchange their XRP for wrapped XRP (eXRP), which will also serve as the native token for Gas fees on the sidechain.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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