Pulsara, a DEX built on the Coreum blockchain, has opened its doors to the XRP community with a new listing.
With a new listing, the XRP ecosystem is more closely linked to the Cosmos ecosystem. Pulsara, a Coreum-based decentralized exchange, announced this week that it has enabled support for two liquidity pools linked to XRP.
The new Pulsara listing allows users to exchange in both ways XRP for COREUMthe local currency of the network, and SARA, the native token for the Pulsara DEX. Users receive SARA token rewards for providing liquidity to pairs that have been actively used since its release.
$XRP liquidity pools are live in Pulsara! https://t.co/XgltA2aO4R
– Coreum (@CoreumOfficial) March 20, 2024
Pulsara’s listing of XRP liquidity pairs follows the launch of the Coreum XRPL bridge about a week ago. As The Crypto Basic reports, the newly launched bridge allows users to move XRP from the XRP Ledger to Coreum and other EVM-compatible blockchains.
In the past also bridging service Sologenic reported an increase to 37 million COREUM worth $7 million from XRPL to Coreum. The introduction of the new liquidity pools could also potentially boost the movement of assets on both networks.
XRP is gaining momentum on the Coreum blockchain
The latest development related to XRP and Coreum is significant for several reasons. By Pulsara NoticeThe listing was the subject of a community vote, with a majority in favor of including the XRP pairs.
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This obviously suggests that XRP has a strong following even beyond its native ecosystem. Such integrations help strengthen XRPL interoperability and enable the free flow of capital between XRPL and other blockchain networks.
Disclaimer: This content is for informational purposes and should not be considered financial advice. The views expressed in this article may contain the personal opinion of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic assumes no liability for any financial losses.
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