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Title: XRP Ledger Surpasses 93 Million Ledgers in Major Milestone
In a significant development, the XRP Ledger has surpassed 93 million ledgers, marking a major milestone for the innovative blockchain technology. This impressive achievement highlights the platform’s remarkable growth and adoption rate.
The XRPL (Cross-Chain Interoperability) protocol has been instrumental in connecting different blockchains, enabling seamless transactions between them. By integrating with SWIFT, BTC, ETH, and other prominent networks, XRP Ledger has successfully fostered a collaborative ecosystem that benefits from its unique capabilities.
To further enhance the user experience, Ripple has also been working on several initiatives. A native lending protocol is being developed, which will enable users to lend and borrow supported assets such as XRP, wBTC, and wETH using single-asset vaults. This development promises to revolutionize the DeFi landscape by providing a secure and efficient means for users to engage in transactions.
In another groundbreaking move, Ripple launched its USD-pegged stablecoin (RLUSD) on both XRPL and Ethereum, utilizing native XRPL functionality and ERC-20 token standards respectively. The RLUSD launch underscores Ripple’s commitment to fostering innovation within the blockchain space.
Furthermore, as of Q3, over 6.7 million NFTs have been minted using the XLS-20 standard, with a staggering increase of more than 3.4 million mints in the fourth quarter alone.
The growth and progress made by Ripple demonstrate the remarkable potential for the technology to bridge the gap between different blockchain networks and facilitate seamless interactions between multiple asset types.
About the author: Tomiwabold Olajide
Source: u.today
