Band Protocol Launches on XRPL Mainnet: Empowering Business-Driven Innovation

TL;DR

• Band Protocol is now live on the XRP Ledger (XRPL) Mainnet.
• This integration combines XRPL’s reliability, low costs, and sustainability with Band’s secure real-world data, empowering businesses to automate processes, build DeFi platforms, and develop innovative applications.
• Developers can now access decentralized price feeds for assets like XRP/USD, BTC/USD, and ETH/USD, enhancing security and scalability for enterprise solutions.
• Looking ahead, we aim to expand the range of data feeds, onboard more data for new business use cases, and drive greater enterprise adoption on XRPL.

Introduction

We’re thrilled to announce that Band Protocol is now live on the XRP Ledger (XRPL) Mainnet, marking a significant milestone in our collaboration to support business-focused blockchain innovation. As XRPL continues to lead as “The Blockchain Built for Business,” our integration brings Band Protool’s oracle solutions into the hands of enterprises, developers, and innovators building critical projects on XRPL.

This integration builds upon our initial announcement of becoming the first oracle provider for XRPL and takes our shared vision further by equipping the XRPL ecosystem with secure, real-time data feeds that meet the rigorous demands of enterprise-grade decentralized applications (dApps).

XRPL Mainnet: an Ideal Space for Business Use Cases with Band Price Oracle

As a blockchain built for business, XRPL has consistently delivered high performance and reliability for over a decade. Its focus on enterprise use cases aligns seamlessly with Band Protocol’s mission to provide trustworthy data for applications where accuracy and integrity are paramount.

What makes XRPL an ideal home for enterprise-grade applications include:

• Proven Reliability: A decade of error-free performance ensures confidence for mission-critical applications.
• Low Transaction Costs: XRPL’s cost efficiency enables businesses to scale without prohibitive costs.
• High Performance: With its ability to handle high-throughput demands, XRPL supports real-time data integration.
• Sustainability: As one of the most eco-friendly blockchains, XRPL aligns with the sustainability goals of forward-thinking businesses.

What This Integration Brings to the XRPL Ecosystem Real-Time, Enterprise-Grade Data Access

With Band Protocol, developers on XRPL Mainnet can now access decentralized price feeds for key assets like XRP/USD, BTC/USD, and ETH/USD. This unlocks various use cases, from automated trading platforms to dynamic business applications that depend on secure, real-time data.

Enhanced Security for Business Applications

Band Protocol’s oracle infrastructure ensures that data delivered to XRPL dApps is tamper-proof and reliable, providing the level of trust businesses require to operate in mission-critical environments.

Supporting Scalable Business Use Cases

From tokenized assets to global payments and business solutions, Band Protocol enables XRPL applications to achieve new levels of innovation and scalability while maintaining the performance businesses demand.

How Band Protocol Works on XRPL

Here’s a technical overview of how Band Protocol integrates with the XRPL ecosystem to deliver secure and reliable data:

1. Requests Data: Band Oracle aggregates data from external sources such as CoinMarketCap, CoinGecko, and Binance.
2. Aggregates Data: Using BandChain’s consensus mechanisms, the data is processed and verified to ensure its accuracy before relaying.
3. Relays Data: The verified data is securely transmitted to Band’s reference contracts on XRPL, maintaining its integrity.
4. Reads Symbol: XRPL dApps can request real-time data directly from these contracts, like BTC/USD or XRP/USD.
5. Sends Price Data: The requested data is returned to the dApp, enabling real-time functionality such as automated trading or price updates.

Driving Business Solutions with XRPL and Band Protocol

The XRPL is known for its proven reliability, low transaction costs, and sustainability, making it a trusted platform for businesses seeking blockchain solutions. Band Protocol’s integration directly complements these strengths by enabling developers to access accurate and secure real-world data. Together, we are empowering enterprises to:

• Automate complex processes, such as payments and financial settlements.
• Build scalable DeFi platforms with real-time pricing for enterprise-grade finance.
• Develop innovative applications, including dynamic NFTs, business solutions, and tokenized asset management.

How Businesses Can Get Started with Band Protocol on XRPL

Whether you’re building enterprise-grade solutions or exploring blockchain innovation, Band Protocol and XRPL offer the essential tools to drive your success.

Key Resources for Developers and Businesses:

• Band Protocol:
  • Band Protocol Documentation
  • Band Price Feed Contract Address on XRPL: rsNvoAZ9MquZSRhu4cEY9wTv1VqHXpVPPt
  • Band Standard Reference Contracts
    • See Example Solidity Contract: Query prices for BTC/USD and ETH/BTC

import interfaces/IStdReference.sol;

contract DemoBulk {
    IStdReference public ref;

    constructor(IStdReference _ref) public {
        ref = _ref;
    }

    function demo_bulk() external view returns (IStdReference.ReferenceData[] memory) {
        return ref.getReferenceDataBulk(["BTC", "ETH"], ["USD", "BTC"]);
    }
}

• XRPL:
  • XRPL Learning Portal
  • Ledger Explorer
  • XRPL Developer Documentation
  • XRPL Dev Tools

Join the Movement: Build with Confidence on XRPL

We invite enterprises, developers, and innovators to join our growing community and unlock the full potential of blockchain technology with Band Protocol and XRPL.

Contribute to Band Protocol

• Band’s Community: Discord & Telegram
• Band Jedi Ambassador Program
• Band Grants

Collaborate with XRPL

• XRPL Community
• XRPL Ambassador
• XRPL Grants

Shaping the Future of Business on Blockchain

This integration marks a major milestone in bringing blockchain technology to global businesses. By combining XRPL’s enterprise-grade infrastructure with Band Protocol’s secure, decentralized oracle, we are driving enterprise adoption, expanding data availability for new business use cases, and enabling access to a broader range of data feeds. Together, we empower businesses to tackle real-world challenges and unlock long-term value.

Looking ahead, we’re excited to see how enterprises and developers will leverage this integration to push the boundaries of what’s possible with blockchain technology. Together, let’s build the future of business—secure, sustainable, and impactful.

About the XRP Ledger

The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global developer community. It is fast, energy-efficient, and reliable. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects – without impacting the XRPL’s lean and efficient feature set. XRPL enables a wide variety of services and use cases including payments, institutional DeFi, and tokenization.

More about XRPL: https://xrpl.org/

About Band Protocol

Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship Oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.

More about Band Protocol: https://linktr.ee/bandprotocol