XRP Ledger Reaches Historic Milestone; XRPL-Avalanche Bridge to Go Live in August

How shared by XRPScanThe XRP ledger has reached a historic milestone as it successfully closed the 72 millionth ledger. XRP Ledger is a decentralized public blockchain whose use cases include micropayments, NFTs, DeFi, CBDCs and others.

There are currently over 150 validators active on the ledger, which is run by universities, exchanges, corporations and individuals. XRPL uses a consensus protocol that ensures the blockchain becomes more decentralized over time as the validator pool grows.

XRPL avalanche bridge to go live in August

In a recent announcement apexa true Node-as-a-Service provider, says it is building a fully insured bridge from Avalanche to the XRP Ledger (XRPL) that is scheduled to go live by the end of August 2022. Apex Bridge will allow XRP tokens to be transferred from the XRP Ledger (XRPL) to Avalanche and other Ethereum Virtual Machine (EVM) networks.

Once the bridge is deployed, Apex will open Wrapped XRP (wXRP) on ApexSwap, a first in the Avalanche ecosystem.

To sue

This comes as Multichain announced support for XRP Ledger (XRPL) in March, enabling cross-chain connectivity with EVM and non-EVM compatible blockchains. Hundreds of thousands of DeFi users will be able to easily transfer assets between the XRP ledger and other blockchains.

As a result, Multichain will facilitate the cross-chain transfer of XRP, XRP Ledger’s native digital asset, with Ripple’s technical assistance thanks to its integration with XRP Ledger. Additionally, assets like ETH, MATIC, AVAX, FTM, USDT, USDC, FRAX and others will flow directly into the XRP ledger.

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