Band Protocol proudly announces a significant leap in decentralized oracles through its upcoming data feed integration with the XRP Ledger (XRPL) ecosystem. This collaboration marks Band Protocol as the primary oracle provider for both XRPL's mainnet and its EVM side-chain, signaling a transformative moment in XRPL's evolution. By delivering reliable and secure oracle solutions, this integration ushers in an era of enhanced data reliability and robust infrastructure for the XRPL community.
Band Protocol & XRPL’s Key Integration Highlights
- Empowering Price Feed Data: Comprehensive Supported Symbols
Band Protocol's integration will empower XRPL mainnet and EVM side-chain with decentralized oracle price feed data, ensuring real-time market data reliability and accessibility. This integration enhances data availability and accuracy, focusing on major symbols such as $XRP, $BTC, and $ETH, providing comprehensive support across a wide range of assets.
- Band Protocol at the Heart of XRPL Infrastructure
As the cornerstone of XRPL's mainnet and EVM side-chain infrastructure, Band Protocol’s oracle integration establishes a foundation for enriched dApp development across the XRPL developer community. Enabling seamless oracle integration with decentralized applications opens pathways for global XRPL developers to explore innovation and expand DeFi opportunities.
Transformative Influence on XRPL Development and DeFi Landscape
Band Protocol's role as the main oracle provider for XRPL will revolutionize decentralized application development and usage. This integration signifies a significant step forward in broadening XRPL's capabilities, fostering innovative development, and ensuring XRPL's access to robust and reliable data resources.
Stay tuned for more updates on this integration as we anticipate the forthcoming enhancements and the impact this collaboration will bring to the ever-evolving world of blockchain and DeFi.
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. Learn more at 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: Linktree