THORChain is gearing up for XRP integration, generating excitement in the crypto community. The announcement of XRP scanning is expected next week.
Preparing for XRP Integration
The THORChain team confirmed that the XRP integration is almost complete. The launch of scanning is expected next week after network churning resumes. Vault creation and pool bootstrapping will take place in the next churn, indicating that XRP trading and liquidity will soon be fully functional on the platform.
THORChain Technical Updates
THORChain announced that the XRP daemon is now enabled by default in the node launcher. Developers are advised to activate it. According to the Nine Realms team, initial resource requirements were high, but stable performance has been observed during testing on stagenet.
Prospects for Using XRP on the Platform
Once XRP scanning is up in Bifrost, the next churn will allow for the setup of vaults and pools. This will enable users to swap XRP across different blockchains without the use of wrapped tokens or centralized exchanges, potentially attracting more XRP holders to THORChain's decentralized liquidity protocol.
THORChain is nearing the completion of the XRP integration process, promising expanded opportunities for users and improved liquidity on the platform.
