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- Zameer Attar
Zameer Attar
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๏ปฟAnjali BelgaumkarWriter by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Sep 26, 2025 05:21 UTC
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Crypto News: XRP Leads Axelar Interchain Transfers with Nearly $23.3M Volume
Axelarโs Interchain connects XRP to more than 80 blockchains, allowing XRP to operate across multiple networks and increases utility.
In second half pf 2025, XRP led all tokens supported by Axelar in interchain transfers, it recorded 13,959 transactions
Axelar, said the partnership allows new use cases, including tokenization and trading integrations.
The crypto market remains volatile. Bitcoin trades near $109,400, and Ethereum sits around $3,950. XRP is making headlines as it moves beyond its traditional role as a payment token and enters the broader DeFi ecosystem.
Axelarโs Interchain Token Service (ITS) now connects XRP to more than 80 blockchains. This allows XRP to operate across multiple networks and increases its utility. In September 2025, $mXRP, a staked version of XRP, launched with a 10% yield. The introduction of $mXRP has driven significant interchain activity. On-chain data shows that transfers via Axelarโs ITS reached approximately $6.6 million within a few days of the launch.
Record Interchain Activity
In the second half of 2025, XRP led all tokens supported by Axelar in interchain transfers. It recorded 13,959 transactions, with a total transfer volume of nearly $23.3 million. This shows strong adoption and growing use of XRP beyond the XRP Ledger. The integration allows holders to earn yield and participate in DeFi opportunities without being directly affected by XRPโs price movements.
Reacting to the same, crypto lawyer Bill Morgan said, โThanks for sharing. Havenโt seen this bullish data before.โ
Future Outlook
Georgios Vlachos, co-founder of Axelar, said the partnership allows new use cases, including tokenization and trading integrations. Midas, in collaboration with Interop Labs, created $mXRP as the first XRP-denominated yield product. The launch expands XRPโs functionality and strengthens Axelarโs role in the multi-chain ecosystem.
Analysts see this as a step forward for XRP. By combining staking rewards, interchain transfers, and access to over 80 blockchains, XRP can become a key player in the DeFi space. The partnership also benefits Axelar by increasing its visibility and presence across multiple networks.
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FAQs
$mXRP is a staked version of XRP that earns a yield. It allows XRP holders to participate in DeFi across multiple blockchains while earning rewards, separate from XRP’s price.
Through Axelar’s technology, XRP can now move across 80+ blockchains. This unlocks new uses like lending, staking, and trading on various DeFi platforms beyond its native network.
Analysts view this as a major step forward. By enabling staking and multi-chain use, XRP is strengthening its role as a key player in the broader decentralized finance landscape.
Yes 
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