Wormhole’s integration strengthens XRPL’s open, flexible infrastructure.
Wormhole’s native token, W, surged by more than 12% on Thursday as the market reacted to a major announcement for Ripple.
As of writing, W traded to highs of $0.068, reflecting overall enthusiasm as multiple altcoins rode market sentiment to record decent gains.
Ripple announced on June 26 that it was teaming up with Wormhole, a leading cross-chain interoperability protocol, to expand XRPL’s multichain capabilities.
The integration will see Ripple tap into Wormhole’s interoperability network to connect both the XRP Ledger mainnet and the XRPL EVM Sidechain to over 35 blockchain networks.
With the multichain capabilities, developers can transfer XRPL assets like XRP, Issued Assets (IOUs), and Multi-Purpose Tokens (MPTs) across the supported chains.
Developers will also be able to interact with smart contracts using cross-chain messaging, Ripple said in the blog post.
“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance — further advancing its role as a foundation for regulated, interoperable digital asset ecosystems,” Robinson Burkey, co-founder of Wormhole Foundation, said in a statement.
The partnership aligns with XRPL’s open architecture, which emphasizes flexibility and composability for developers and institutions building applications in DeFi, tokenized assets, and real-world assets (RWAs).
Ripple’s CTO, David Schwartz, emphasized the importance of interoperability for mass adoption, noting that this collaboration broadens XRPL’s reach while maintaining its reliability for institutional use cases.
“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control,” Schwartz noted.
Following the announcement, Wormhole’s token experienced a notable surge.
Data on CoinMarketCap showed the W price was up more than 12% in the past 24 hours.
The W token’s price jumped from lows of $0.059 to $0.068 after Ripple, the company behind XRP and RLUSD, announced its integration of Wormhole to bring multichain interoperability to the XRP Ledger.
Upside momentum saw the daily volume for Wormhole spike a staggering 570% to over $187 million, with the market cap hitting $315 million.
This price movement highlights the market’s recognition of interoperability as a critical driver of blockchain adoption, with Wormhole positioned as a leading facilitator.
XRP, which traded above $2.02, did not react as much, with its price down 2.8% in the past 24 hours at the time of writing.
