Integrating XRP into THORChain boosts multichain capacity
On Tuesday, THORChain revealed that its stagenet development of XRP integration is approaching completion and mainnet activation.
This connection boosts swap activity and protocol fees, improving THORChain's economic model.
The announcement had little influence on RUNE, THORChain's native cryptocurrency, but is optimistic.
On Tuesday, THORChain (RUNE) revealed that its stagenet development of Ripple (XRP) integration is approaching completion and mainnet activation. This connection boosts swap activity and protocol fees, improving THORChain's economic model. RUNE traded about $1.35 on Wednesday, but the announcement predicts a bright future for the coin.
Integrating XRP into THORChain boosts multichain capacity On Tuesday, THORChain, a decentralized liquidity network with an interoperable blockchain that allows non-custodial cross-chain token swaps, posted on its official X account that stagenet deployment for XRP integration is nearing completion and mainnet activation is imminent.
XRP joined THORChain's stagenet on April 11. Developers test new features on stagenet before deploying them on the mainnet, the public blockchain network.
Unannounced mainnet activation implies XRP swaps will be active on THORChain's production network and available to all users for actual transactions. Adding high-volume assets like XRP (CoinGecko's fourth-largest cryptocurrency by market capitalization) boosts swap activity and protocol fees, improving THORChain's economic model.
Introduction of new chains like Dogecoin (DOGE) and Avalanche (AVAX) in 2021 has caused trade volume and RUNE's price to rise. If history repeats, RUNE may see a price surge.
The XRP integration did not affect RUNE's price on Tuesday, but it signals a strong long-term future for the token as it extends THORChain's ecosystem, cross-chain capabilities, and acceptance.
