Axelar Delivers First Crosschain Connectivity for the New XRP Ledger EVM Sidechain
XRPL EVM Sidechain is a fast and secure sidechain connected to the XRPL via Axelar, a leading interoperability protocol connecting over 80 blockchains. Axelar is the first crosschain connector for transferring assets such as wrapped XRP, which will serve as the native gas token on the new XRP Ledger EVM Sidechain. Additionally, the sidechain is integrated with Squid as the crosschain transfer UI app for the XRPL and the EVM sidechain, elevating XRPL's multichain capabilities.
Using XRPL EVM, developers can benefit right away from the XRPL's unique characteristics and institutional focus: 6M+ XRPL wallet holders, fast block times and low transaction costs, XRP as native gas token, a robust validator network and a strong focus on regulatory compliance.
The XRPL EVM Sidechain has already attracted projects across DeFi, building novel, crosschain apps, allowing XRPL users to interact with their protocols directly from Mainnet without needing a new, EVM sidechain wallet. Partners include:
Application Partners:
Strobe: A money market protocol that supports DeFi lending and overcollateralized borrowing on XRPL.
Securd: A lending protocol designed to provide secure, passive income to asset holders by financing collateralized leverage across DeFi positions.
Vertex: A derivatives trading platform optimizing capital efficiency.
Blockchain Tooling and Indexing Platforms:
Blockscout: Provides the EVM block explorer
Goldsky: High-performance custom indexing via scalable and easy-to-use subgraphs
Institutional DeFi: stablecoins & beyond
Renowned for its reliability, speed and low-cost performance, the XRP Ledger (XRPL) offers a trusted foundation for institutional tokenization of stablecoins and other real-world assets (RWAs). With the XRPL EVM Sidechain now live, developers can build, port and deploy EVM-compatible dApps while tapping into XRPL's established liquidity and decade-plus operational history.
'The XRPL EVM Sidechain introduces a new option for developers who want to build with EVM-compatible tools while leveraging XRP and the broader XRPL ecosystem,' said David Schwartz, CTO, Ripple and co-creator of the XRP Ledger. 'Axelar's crosschain infrastructure helps make that possible, supporting greater interoperability without changing the fundamentals of the XRP Ledger itself.'
'We are seeing tremendous interest in interoperability from institutions that are already on a path to bringing dollar stablecoins into a new financial ecosystem that is global and blockchain-based,' said Georgios Vlachos, director at Axelar Foundation and co-founder of Axelar protocol. 'XRPL's institutional-grade infrastructure provides an ideal starting point for this wave of new, dollarized financial products to reach the world.'
Get started
Developers can begin building today:
XRPL EVM documentation: docs.xrplevm.org/.
Axelar documentation: docs.axelar.dev.
Users: Squid is the crosschain transfer UI app for the XRPL and the EVM sidechain.
About Axelar
Axelar is the Gateway to Open Finance, a decentralized network and development platform securely connecting the world's blockchains and financial infrastructure. Its programmable multichain product stack enables seamless interoperability across Web3 and beyond—critical for the next wave of institutional-grade use cases.
With backing from top-tier investors including Dragonfly, Polychain, Binance Labs and Coinbase Ventures, Axelar is enabling the next generation of financial infrastructure: from global stablecoins to tokenized funds, built with security, compliance and enterprise scale in mind. Learn more at axelar.network.
About Axelar Foundation
Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems. Learn more at axelar.foundation.
About XRP Ledger (XRPL)
The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions. Learn more and build your business with confidence at XRPL.org.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
2 hours ago
- Business Upturn
Okalio Mining launches the 'Solana Speedy Mining' plan, SOL ecosystem benefits arrive in 24 hours!
Hertfordshire, England, July 02, 2025 (GLOBE NEWSWIRE) — What is Okalio Mining's 'Solana Speedy Mining'? 'Solana Speedy Mining' is a high-performance cloud mining solution launched by Okalio Mining, open to ordinary users with no technical background and no equipment investment needs. Users do not need to deploy mining machines. By registering and subscribing to designated contracts, they can remotely access Solana's high-performance mainnet mining income system and enjoy stable output and SOL ecological rewards. Three core advantages of 'Solana Speedy Mining': Quickly grasp the SOL ecological dividend As DePIN, DeFi and other ecosystems accelerate their migration to the Solana network, the demand for on-chain mining has exploded. Okalio Mining builds an ultra-low latency access environment through global node deployment. Users can start computing power after registration without waiting or configuring complex hardware. Intelligent hedging of market fluctuations When the SOL price fluctuates violently or the network is congested, Okalio Mining's built-in AI intelligent scheduling system can automatically switch to high-yield currencies or balance mining configurations to minimize volatility risks and achieve stable income output. Automatic settlement of income, transparent and fee-free Okalio Mining adopts real-time income monitoring and intelligent allocation algorithm, dynamically optimizes the settlement path according to the gas fee and reward fluctuation on the SOL chain, and automatically distributes daily income without hidden fees, so that the income can be truly 'visible and obtainable'. Sample plan Experience contract: Invest $100 | Net income $106.8 Basic contract: Invest $500 | Net income $535.5 Advanced contract: Invest $3,000 | Net income $3,960 Prepaid contract: Invest $5,000 | Net income $7,420 Professional contract: Invest $10,000 | Net income $17,580 Three newly upgraded user support services Sign up to get a $10 new user bonus, which can be used directly for computing power subscription; 7×24 hours manual customer service online, global users respond without time difference; 1-day, 2-day, 5-day fast contract launch, suitable for short-term testing and arbitrage operations. About Okalio Mining Founded in 2017, Okalio Mining is the world's leading digital asset cloud computing platform, supporting remote mining services for more than 10 mainstream currencies such as BTC, ETH, SOL, etc. With years of technology accumulation and node resource accumulation, Okalio Mining has provided stable income solutions for more than millions of users. Visit? now to receive a $10 welcome bonus and start your Solana high-speed mining journey! Disclaimer: This announcement is for informational purposes only and does not constitute financial advice, investment solicitation, or a trading recommendation. Cryptocurrency mining and staking carry risk, including potential loss of capital. Always conduct due diligence and consult a licensed financial advisor before making investment decisions. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
2 hours ago
- Business Upturn
Crypto Tax Breaks Are Here — DEAL Mining Launches New User Incentive Program
San Francisco, CA, July 02, 2025 (GLOBE NEWSWIRE) — In a major turning point for the cryptocurrency industry, a pivotal amendment has been proposed to national financial legislation that would exempt small-scale crypto transactions and rewards from mining and staking from double taxation. This bold legislative step is expected to significantly lower the barriers to entry for everyday investors and marks a broader shift in global sentiment, from suppression to support. To help new users take immediate advantage of this policy transformation, DEAL Mining, a leading cryptocurrency cloud mining platform, has announced a new user incentive program offering a $15 instant bonus and zero-barrier entry to mining. 'This amendment signals a new era for digital assets,' a DEAL Mining spokesperson said. 'We are committed to helping ordinary people benefit from crypto without needing technical skills or high capital investment.' A Game-Changer for Crypto Adoption The proposed changes to financial regulations could reshape the global crypto market by reducing the cost and complexity traditionally associated with crypto mining and investing. With hardware expenses, technical knowledge, and tax burdens historically keeping retail investors at bay, these changes are expected to unlock a wave of mainstream adoption. However, even with favorable legislation, many people still face technical and financial hurdles when entering the crypto space. This is exactly the problem DEAL Mining aims to solve. About DEAL Mining Founded in 2016, DEAL Mining is one of the world's most trusted cloud mining platforms, serving millions of users globally. The platform leverages AI-powered smart contracts, green-energy computing infrastructure, and multi-currency compatibility to provide a low-risk, passive income opportunity in the digital economy. With DEAL Mining, users don't need to build or maintain hardware or have any prior technical experience. Simply register, choose a contract, and start earning daily rewards from professional-grade mining operations. How to Get Started Starting your crypto journey with DEAL Mining is fast and easy: Register an account at Select a mining plan based on your goals and budget Start mining instantly using DEAL's cloud infrastructure Receive daily rewards automatically in your account New users receive a $15 welcome bonus and can earn $0.60 per day by activating a free starter contract. The following is a stable DEAL Mining cloud mining contract example: Why Choose DEAL Mining? Multi-currency payouts : Supports DOGE, BTC, ETH, LTC, USDT, USDC, BNB, SOL, XRP, and more : Supports DOGE, BTC, ETH, LTC, USDT, USDC, BNB, SOL, XRP, and more Top-tier security : Protected by McAfee® and Cloudflare®, with 100% uptime : Protected by McAfee® and Cloudflare®, with 100% uptime AI-optimized mining : Maximizes resource efficiency and profitability : Maximizes resource efficiency and profitability Cross-platform access : Available on PC, Android, and iOS : Available on PC, Android, and iOS Referral rewards : Earn up to 4.5% in USD for inviting friends : Earn up to 4.5% in USD for inviting friends 24/7 technical support: Live assistance for global users A Timely Opportunity The global shift toward supportive crypto regulation — led by the United States — is a strong signal that the digital economy is maturing. As tax burdens ease and new investor protections take shape, platforms like DEAL Mining offer a trusted, user-friendly gateway into the world of digital asset creation. Whether you're a first-time investor or looking to diversify your portfolio, DEAL Mining allows you to participate in this new wave of crypto opportunity fairly, securely, and without any technical expertise. Start your crypto mining journey today and tap into the digital dividend era. Email: [email protected]Website: App Download:
Business Upturn
2 hours ago
- Business Upturn
Find Mining Announces Timely Cloud Mining Opportunity – A New Choice for the Volatile Crypto Market to Seize Your Million-Dollar Opportunity
London, UK, July 02, 2025 (GLOBE NEWSWIRE) — At a time when the global cryptocurrency market is experiencing turbulent fluctuations, opportunities and risks are equally huge. In the past month, Bitcoin has broken through key resistance levels several times and then quickly fell back; Ethereum has been turbulent during its technological upgrades; and Ripple has been fluctuating in the legal and geopolitical vortex. Faced with this unpredictable market, many investors are thinking about a question: Is there a way to participate in the crypto market and enjoy stable and sustainable returns? Find Mining, a fast-growing cloud mining company in the UK, has given its own answer. Unlike traditional mining machines, Find Mining provides cloud-based mining services: No need to buy expensive mining machines No need to bear high electricity bills No need to worry about hardware depreciation or maintenance Users only need to register online and select the appropriate mining contract. Find Mining will allocate computing power to users in its globally distributed data centers and automatically mine around the clock, allowing investors to get rid of technical barriers and easily enjoy profits. Sign up and get $15, and novices can also try it at '0 cost' In order to lower the entry threshold for new users, Find Mining has set up a welcome bonus for novices: Sign up and get $15 You can buy a mining contract worth $15 without pre-depositing funds Daily automatic settlement of income This means that even a novice with no experience in cryptocurrency can immediately try zero-risk mining and easily open the door to wealth. Funds are safe, compliant and transparent, and users have no worries Find Mining takes compliance and security as its core strategy. All customer funds are managed by top banks and equipped with SSL encryption and insurance protection. Whether it is investment income or account balance, users can view it in real time through the visual dashboard, and the flow of funds is clear at a glance. Not just mining, the referral program helps you create multiple passive income In addition to basic mining income, Find Mining has also launched a generous referral reward program to help users expand their income channels: First-level commission: You can get a 3% commission on the total investment of the directly recommended user Second-level commission: If the referee recommends a new user, you can also get a 1.5% commission This means that even if you do not make additional investments, as long as you share your referral link, you can continue to receive passive dividends Four steps to start your crypto passive income journey Visit Find Mining official website and register to receive a $15 welcome bonus. Select a contract Choose a cloud mining plan that suits you and flexibly match your budget and time period Automatic mining After purchasing a contract, the platform will immediately allocate computing power and start, truly achieving 24/7 continuous profitability. Daily income is credited to your account The system settles income every 24 hours and directly deposits it into your account, which can be seen and withdrawn at any time. Stable income, an 'invisible shield' against market fluctuations Unlike the wildly fluctuating coin prices, cloud mining income is more stable and predictable. Find Mining's daily income is automatically distributed according to the contract, allowing investors to stay away from the anxiety caused by the ups and downs of the market. For those who desire financial stability, this is undoubtedly a more reassuring choice. Grab the million-dollar cloud mining opportunity and start now The global crypto market is changing rapidly, and more people are turning their attention to cloud mining, which has a low entry threshold and can bring a smoother long-term profit curve. Whether you are a novice who has just come into contact with cryptocurrencies or an old player who has tried cryptocurrency investment, Find Mining may become your 'invisible shield' against market uncertainty. Sign up now to receive a $15 cloud mining contract and seize the new track of stable income! Click to enter the Find Mining official website Official email: [email protected] Disclaimer: This announcement is for informational purposes only and does not constitute financial advice, investment solicitation, or a trading recommendation. Cryptocurrency mining and staking carry risk, including potential loss of capital. Always conduct due diligence and consult a licensed financial advisor before making investment decisions. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
