KEY TAKEAWAYS
- Band Protocol launches its services on the XRPL EVM Sidechain Mainnet, enhancing Web3 adoption by integrating XRPL’s reliability with EVM’s flexibility.
- The partnership with Peersyst Technology focuses on utilizing Band’s decentralized oracle technology to improve XRPL’s capabilities, particularly in DeFi.
- Band Protocol’s collaboration with Axelar aims to expand cross-chain interoperability, enhancing secure and seamless data bridging.
- Future developments include the deployment of Band Oracle v3 and the introduction of Verifiable Random Functions for gaming and NFTs on the XRPL EVM.
Band Protocol has announced the launch of its services on the XRPL EVM Sidechain Mainnet, marking a significant step in bridging decentralized technologies with enterprises, institutions, and retail users. This integration combines the reliability of the XRP Ledger (XRPL) with the flexibility of the Ethereum Virtual Machine (EVM), aiming to accelerate Web3 adoption across various sectors.
The collaboration between Band Protocol and Peersyst Technology highlights a long-term partnership focused on enhancing XRPL’s capabilities through Band’s decentralized oracle technology. With Band Oracle now operational on the XRPL EVM mainnet, developers can access secure and accurate price data, unlocking new use cases in decentralized finance (DeFi) and beyond.
Band Protocol’s Oracle Technology and XRPL Integration
Band Protocol is known for its fast and cost-effective data feed intervals, facilitated by its purpose-built oracle blockchain, BandChain. Unlike general-purpose chains, BandChain is optimized specifically for oracle services, ensuring timely and accurate data delivery while minimizing gas fees.
The deployment on the XRPL environment ensures full compatibility and smooth communication between the XRPL and the EVM sidechain. This native integration enhances developer flexibility and ecosystem coherence for building cross-environment decentralized applications (dApps).
Band Protocol is also collaborating with Axelar to expand its reach across Axelar-connected chains. This collaboration aims to leverage Axelar’s interoperability layer to enhance secure and seamless bridging and cross-chain price feeds.
Future Developments and Use Cases
On the XRPL EVM, Band Protocol provides trusted price feeds for assets such as BTC, WBTC, ETH, USDT, USDC, XRP, and RLUSD. The process involves BandChain aggregating price data from reputable sources like CoinMarketCap, Binance, and CoinGecko. This data is verified through a secure Delegated Proof-of-Stake (DPoS) consensus before being relayed to Band Standard Reference Contracts.
Developers can access this verified data via simple read functions, ensuring high data integrity through a decentralized network of validators. This system guarantees high-frequency, reliable price data, supporting the development of innovative dApps on the XRPL EVM Sidechain.
Future milestones for Band Protocol on the XRPL EVM include the deployment of Band Oracle v3, 24/7 monitoring of Band Price Feeds, expansion of supported tokens and asset pairs, and the introduction of Verifiable Random Functions (VRF) for gaming, NFTs, and lottery dApps.
This integration positions Band Protocol and XRPL to lead in building institution-grade decentralized finance infrastructure, contributing to a scalable, transparent, and secure Web3 ecosystem.
For more information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Band Protocol has launched its services on the XRPL EVM Sidechain Mainnet, integrating decentralized oracle technology with the XRPL ecosystem to enhance Web3 adoption.
According to a report from Cryptonomist, XRPL EVM adoption in 2025 is marked by significant growth, facilitating Ethereum-compatible dApps and smart contracts on XRPL. This aligns with Band Protocol’s integration, which aims to leverage XRPL’s performance advantages for broader DeFi use cases.
As per insights from a BeinCrypto analysis, Band Protocol’s decentralized oracle solutions are crucial for interoperability and reliable data feeds across blockchain ecosystems. This supports the impact of Band’s integration with XRPL, enhancing data reliability and expanding Web3 infrastructure.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
