Latest / The Paul Barron Crypto Show / XRPL Coming To Uniswap & Hyperliquid!?🚨Axelar INTERVIEW

Transcript

XRPL Coming To Uniswap & Hyperliquid!?🚨Axelar INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today we're going to get into Axelar, which is one
• 0:08
  Speaker 1: of those chains out there that of course gives us
• 0:10
  Speaker 1: a lot of interoperability. Why it makes a difference in
• 0:13
  Speaker 1: the XRPL ecosystem, you don't want to miss it. My
• 0:16
  Speaker 1: name is small Bearer. We'll come back in the tech path.
• 0:18
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• 0:20
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• 0:35
  Speaker 1: offers to get going and get started. I want to
• 0:37
  Speaker 1: bring back in Georgios. He has been with us before.
• 0:41
  Speaker 1: He's coming over from Axlar's co founder and heading up
• 0:44
  Speaker 1: the team over there. Georgio's how are you.
• 0:47
  Speaker 2: Hey, Paul, Thanks for having me again.
• 0:49
  Speaker 3: I know we had their first discussion a couple of
• 0:50
  Speaker 3: months ago with Jazzi from Ripol. Big fans of the
• 0:54
  Speaker 3: x RPXRPL ecosystem excite talk more about that than other
• 0:58
  Speaker 3: developments around.
• 0:59
  Speaker 1: Hey, Georgia, So when you look at people who are
• 1:02
  Speaker 1: learning about XAR for the first time. What is the
• 1:05
  Speaker 1: easiest way to explain it for maybe some of the
• 1:08
  Speaker 1: new audience that's watching this right now and they're starting
• 1:11
  Speaker 1: to understand how interoperability works. Why is this such an
• 1:14
  Speaker 1: important role in the crypto ecosystem?
• 1:17
  Speaker 3: High level view is that acceller plays that role of
• 1:21
  Speaker 3: the Internet for blocksins. There's many many different blocksains. There's Bitcoin,
• 1:25
  Speaker 3: there's xrpl, ethereum, Solana. But without the technology that connects
• 1:30
  Speaker 3: with different blocksains, your assets are siloed on different chains, right,
• 1:35
  Speaker 3: So we have assets like rlusd is by repole. It
• 1:39
  Speaker 3: exists natively on XRPL on ethereum. It's probably going to
• 1:43
  Speaker 3: launch on more changes in the future. But if you
• 1:45
  Speaker 3: don't have a technology like acceler you cannot seamlessly move
• 1:48
  Speaker 3: it across the different blocksins. And as a user, when
• 1:52
  Speaker 3: you hold an asset on a certain chain, you want
• 1:54
  Speaker 3: to be able to move it to other chains to
• 1:56
  Speaker 3: use an application there, or do all other kinds of things.
• 1:59
  Speaker 3: Right with your table going because there's the interesting applications,
• 2:02
  Speaker 3: interesting things to do.
• 2:03
  Speaker 1: I'm looking at the network graph right here on axl
• 2:05
  Speaker 1: our scan. Obviously we've seen and talked about this before.
• 2:10
  Speaker 1: You guys continue to expand there what chains are coming next.
• 2:15
  Speaker 3: Historically with Acceller, we focused on EVM chains right Ethereum
• 2:20
  Speaker 3: and Cosmo Change. Axceller has been in the costmos ecosystem
• 2:24
  Speaker 3: for a very long time, but now for the first time,
• 2:28
  Speaker 3: very recently we were able to launch other non IVM chains,
• 2:32
  Speaker 3: and very rapidly we're going to be adding XRPL, Sui, Solana,
• 2:38
  Speaker 3: and a handful of others as well, but those are
• 2:41
  Speaker 3: the three. You know, I'm personally very excited about XRPL.
• 2:44
  Speaker 3: We're going to be the first major robust interperability solution
• 2:48
  Speaker 3: to be available on EXORPL. Been working on this integration
• 2:51
  Speaker 3: for more than a year. Many many teams across the
• 2:55
  Speaker 3: actual ecosystem have been working on this integration and very
• 2:57
  Speaker 3: excited for this to go live soon. We of course
• 3:00
  Speaker 3: also up and coming ecosystem incredible technology and there's a
• 3:06
  Speaker 3: couple of initiatives we're working on there. But you know,
• 3:08
  Speaker 3: we are there early and we want to support ecosystem,
• 3:11
  Speaker 3: help it grow and be a core part of the
• 3:13
  Speaker 3: growth and so LAN as well. Of course, you know
• 3:15
  Speaker 3: there's a lot of demand for developers. Those three are
• 3:17
  Speaker 3: coming some of them, you know, are already live.
• 3:22
  Speaker 2: All are going to be live very soon, and we're
• 3:23
  Speaker 2: going to see a lot of activity across them.
• 3:25
  Speaker 1: When you look at the amount of transactions that are
• 3:27
  Speaker 1: happening right now, what examples have you seen so far
• 3:31
  Speaker 1: in terms of boosting transactions within the actual are ecosystem?
• 3:35
  Speaker 1: Any examples out there that you can point to.
• 3:37
  Speaker 3: It's mostly ust issues, to be frank, you know, when
• 3:40
  Speaker 3: we were starting out, we were expecting more sophisticated crosschain
• 3:45
  Speaker 3: applications to go live and a lot of traffic. This
• 3:49
  Speaker 3: hasn't played out exactly that way. To this day, the
• 3:53
  Speaker 3: vast majority of polymon Axler, more than ninety percent, is
• 3:57
  Speaker 3: aset transfers, and this allows this aligns with the wider
• 4:00
  Speaker 3: market sentiment that stable coins and organization are the core
• 4:04
  Speaker 3: use case for the technology. You know, there's also been
• 4:08
  Speaker 3: a lot of bus recently with the Circle IPO. Everyone's
• 4:11
  Speaker 3: talking about stable coins, but stable coin is the killer
• 4:14
  Speaker 3: use case of the technology, and if we look at
• 4:17
  Speaker 3: cross chain use cases, it's basically being able to transfer
• 4:20
  Speaker 3: money stable coins across the different chains and maybe list
• 4:24
  Speaker 3: them on hyper liquid. Hyper Liquid is the centralized excayins
• 4:29
  Speaker 3: that you know, in two years they became by far
• 4:32
  Speaker 3: the biggest centralized eccaints now competing with binance in terms
• 4:36
  Speaker 3: of daily volumes. If you are an asset issue and
• 4:40
  Speaker 3: you want to be listed there, you need interoperability and
• 4:42
  Speaker 3: to expect to see more and more of that platform,
• 4:45
  Speaker 3: like hyper liquids and established themselves.
• 4:48
  Speaker 1: I was looking at the volume because that's the pop
• 4:50
  Speaker 1: right there that we saw with finance would be a
• 4:52
  Speaker 1: c pretty significant improvement there. And you look at the
• 4:58
  Speaker 1: demand right now also on cross chain. I was looking
• 5:01
  Speaker 1: at this as Dopper Finance kind of hitting on this
• 5:03
  Speaker 1: very issue, and that is on the x ORP ledger.
• 5:06
  Speaker 1: Do you think that we are going to see a
• 5:09
  Speaker 1: lot of demand coming in for XRPL once this rolls out?
• 5:13
  Speaker 3: Absolutely, And I think there's a couple of things to
• 5:17
  Speaker 3: unpack here. One is what does this do for XRP right?
• 5:21
  Speaker 3: Is it going to yield opportunities? And absolutely is. For
• 5:26
  Speaker 3: the past couple of months, we've heard from multiple other
• 5:29
  Speaker 3: ecosystems that they want to on board XRP offer it
• 5:32
  Speaker 3: on their native DeFi protocols like Dexis money markets. Today
• 5:37
  Speaker 3: this is impossible to do, but once we go live,
• 5:40
  Speaker 3: anyone will be able to take XRP through acceler in
• 5:43
  Speaker 3: a permissionless way included in their protocols and offered yield
• 5:47
  Speaker 3: to incentivize people to bridge it over and do interesting things.
• 5:51
  Speaker 3: And during that bootstrap in phase where people are offering
• 5:54
  Speaker 3: yield for XRP, there's going to be an opportunity for
• 5:56
  Speaker 3: holders to bridge it over and get just turned and
• 6:00
  Speaker 3: this yield. From an economic perspective, it's free money because
• 6:04
  Speaker 3: someone is paying to woodstrap activity of XRP other ecosystems.
• 6:10
  Speaker 3: It's the third biggest asset and if you look at
• 6:12
  Speaker 3: by FDV, I think like over the past couple of
• 6:14
  Speaker 3: weeks it was even above ethereum. So when you have
• 6:17
  Speaker 3: such a massive asset, there's definitely going to be demand.
• 6:20
  Speaker 1: You guys did an announcement on DAMA two. Deutsche Bank
• 6:23
  Speaker 1: is now tokenized or debuting the potential tokenization platform. This
• 6:27
  Speaker 1: is happening in November, coming around the corner here, so
• 6:30
  Speaker 1: give me some insights here.
• 6:31
  Speaker 3: It's very similar to a lot of the permission institutional
• 6:35
  Speaker 3: chains that have launched in the past, but with a
• 6:38
  Speaker 3: very interesting twist to my knowledge, with Deutsche Bank, this
• 6:42
  Speaker 3: is the first time we see a big financial institution
• 6:44
  Speaker 3: launching their chain on a public layer two on top
• 6:49
  Speaker 3: of Ethereum Maine Deutsche Bank. Instead of doing everything in
• 6:52
  Speaker 3: a silent environment in their own database, they decided to
• 6:58
  Speaker 3: launch a layer two using this casing stock on the
• 7:03
  Speaker 3: mains and physical laboration with Axeler that will provide in
• 7:06
  Speaker 3: their operability. And the Memento which is the technical team
• 7:10
  Speaker 3: that is actually launching the chain using the z casing stock.
• 7:13
  Speaker 3: So theoretically, JP Morgan would have launched their asset on
• 7:18
  Speaker 3: the Deutsche Bank platform and we expect a lot of
• 7:21
  Speaker 3: cheers to do that. Javi Morgan's launch on base, they
• 7:26
  Speaker 3: effectively just launched an asset, right, So these are different
• 7:29
  Speaker 3: layers of the stock. Deutsche Bank operating more on the
• 7:33
  Speaker 3: infrastructure layer, and something like what David Morgan did would
• 7:37
  Speaker 3: be a customer of Deutsche Bank.
• 7:39
  Speaker 1: In that case, JP Morgan Apollo now delivering project guarding.
• 7:44
  Speaker 1: This is coming in through you guys. So this is
• 7:46
  Speaker 1: cross chain portfolio management now, which is very unique, and
• 7:50
  Speaker 1: that's something that we will most likely see even more
• 7:53
  Speaker 1: as we start to see regulation. If we get market
• 7:55
  Speaker 1: structure likelihoods, we'll see more activity here in the US.
• 7:59
  Speaker 1: I'm looking at this right here. Ubix is now linking
• 8:02
  Speaker 1: stable coin issues like paxos r l USD with Ripple
• 8:06
  Speaker 1: now to banks. Will Axelar end up boosting r l
• 8:10
  Speaker 1: us D usage in the future because of these kinds
• 8:12
  Speaker 1: of connections.
• 8:13
  Speaker 2: Yeah.
• 8:14
  Speaker 3: From Axeler's perspective, all we're doing is removing is it
• 8:19
  Speaker 3: removing frixtion? Right, there's a lot of fragmentation in the space.
• 8:22
  Speaker 3: We just make it easy for people to move their assets.
• 8:25
  Speaker 3: If there is demand for us to be moved, then
• 8:28
  Speaker 3: that are going to fix accruing to the network, and
• 8:31
  Speaker 3: you know that's a revenue for the protocol.
• 8:34
  Speaker 1: One of the things that I'm looking at if you
• 8:36
  Speaker 1: look at ax Lar and it's option versus say layer zero. Uh,
• 8:41
  Speaker 1: and then you look at what you guys are doing
• 8:44
  Speaker 1: now and the opportunity, especially around something like say a
• 8:47
  Speaker 1: UNI swap. How will UNI swap play into this?
• 8:51
  Speaker 3: First, not the question about Acceller versus Layer zero. Axeler
• 8:56
  Speaker 3: has very unique cabinet right of different ecosystems. We have
• 8:59
  Speaker 3: x rps, well, we have Sui that we just launched,
• 9:03
  Speaker 3: and these are two change that there is a lot
• 9:04
  Speaker 3: of demand for and there's.
• 9:06
  Speaker 2: Really no meaningful competition.
• 9:08
  Speaker 3: Exactly, so if you wants to use those chains, they
• 9:11
  Speaker 3: will have to go with Axler.
• 9:12
  Speaker 2: Let's say you're a stable coin provider.
• 9:14
  Speaker 3: The other nice advantage of bax seller is that it
• 9:18
  Speaker 3: is one of the very very few decentralized solutions in
• 9:23
  Speaker 3: the interoperability space. And you remember Paul from a few
• 9:28
  Speaker 3: years ago that billions of dollars have been lost to
• 9:30
  Speaker 3: cross sair hucks.
• 9:32
  Speaker 2: It's really the biggest target of.
• 9:35
  Speaker 3: These are very hard attacks to execute if you are decentralized,
• 9:38
  Speaker 3: for the same reason why blocks ins are decentralized and
• 9:42
  Speaker 3: are very hard to attack. And acceler is by far
• 9:45
  Speaker 3: the most decentralized network in the space. It was one
• 9:49
  Speaker 3: of the only two networks that got approved by UNISWAP
• 9:52
  Speaker 3: when they did their interoperability report. And we're trying to
• 9:55
  Speaker 3: look at how secure different providers were. Axeler was dim
• 9:59
  Speaker 3: secure enough and the other one was Wormhole, which has
• 10:02
  Speaker 3: nineteen validators, which is about one fourth of what Axceller has. Right,
• 10:07
  Speaker 3: So if there are is heres that really value the
• 10:09
  Speaker 3: centralization being built on top of a permissions system.
• 10:14
  Speaker 2: Those values aligned with Acceller systems and they're going to
• 10:16
  Speaker 2: be using us, right, But.
• 10:18
  Speaker 3: I definitely don't think there's going to be one player
• 10:20
  Speaker 3: because the space is so big and there's all kinds
• 10:22
  Speaker 3: of customizations you can do to win different customers.
• 10:25
  Speaker 1: I mean, in essence, could axelar be the missing link
• 10:28
  Speaker 1: here for UNI swap to be able to onboard you know,
• 10:32
  Speaker 1: XRPL tokens. I mean, we could see an influx of
• 10:35
  Speaker 1: tokens available on UNI swap almost immediately just because the
• 10:38
  Speaker 1: use case opportunity.
• 10:40
  Speaker 3: Absolutely absolutely, And I don't want to talk too much
• 10:42
  Speaker 3: about some of the things that are not public, but
• 10:45
  Speaker 3: as I mentioned earlier, x RAP can be distributed to
• 10:48
  Speaker 3: anything that is connected to accelert. You could very well
• 10:51
  Speaker 3: provide liquidity on Unit Swap or liquid which you know
• 10:56
  Speaker 3: growing to be biggest than uniit shop, right, So anywhere
• 10:58
  Speaker 3: you want you can bring XRP and there's going to
• 11:01
  Speaker 3: be opportunities for people to earn more years, all right.
• 11:03
  Speaker 1: So if robin Hood needed an interoperable stack right now,
• 11:08
  Speaker 1: would they need something like what you guys are doing?
• 11:10
  Speaker 1: And why haven't they done it? If you look at
• 11:12
  Speaker 1: because they're getting ready to do a big announcement, most
• 11:14
  Speaker 1: likely this is going to be about interoperability. We're going
• 11:18
  Speaker 1: to see I guess at the thirtieth of June Flatt
• 11:22
  Speaker 1: is teasing this like crazy. Would this be something that
• 11:25
  Speaker 1: potentially could you could see in the future of where
• 11:29
  Speaker 1: robin Hood is going, especially around crypto.
• 11:31
  Speaker 3: And no matter what they launch, everyone's going to need
• 11:33
  Speaker 3: interportability otherwise your silent any single chain. If you're a
• 11:37
  Speaker 3: big player, you could decide to build out your own
• 11:41
  Speaker 3: interoperability solution.
• 11:44
  Speaker 2: This takes years.
• 11:44
  Speaker 3: There's a lot of things that can go wrong, as
• 11:46
  Speaker 3: we've seen in the past. Infrastructure coasts are very high.
• 11:50
  Speaker 2: You need a full, full time team focusing on that, right.
• 11:54
  Speaker 3: Interpretability is not something you do on the side, So
• 11:58
  Speaker 3: any of those players will want to use use one
• 12:00
  Speaker 3: of the existing solutions that have been built over the
• 12:03
  Speaker 3: past five years and battle tested right. So it is
• 12:07
  Speaker 3: becoming pretty clear that it's very hard for new entrants
• 12:10
  Speaker 3: to come and compete in the interoperability space.
• 12:13
  Speaker 2: Again, the mode five years.
• 12:14
  Speaker 3: Of building and battle testing these solutions is quite large,
• 12:18
  Speaker 3: and we really haven't seen any new entrance right except
• 12:21
  Speaker 3: for chain Link in the past last year. But Chailing
• 12:24
  Speaker 3: has also been working on this for like three four years.
• 12:27
  Speaker 3: I think they just have been in stealth, but they've
• 12:29
  Speaker 3: also been doing a lot of work for a long
• 12:31
  Speaker 3: long time.
• 12:32
  Speaker 1: Yeah, it just seems like we are at a point
• 12:34
  Speaker 1: right now where the entire financial ecosystem is getting ready
• 12:39
  Speaker 1: to be interoperable, which is going to be you know,
• 12:42
  Speaker 1: obviously this will be a big boom for the blockchain
• 12:45
  Speaker 1: side of it. Obviously for you guys, could be huge.
• 12:48
  Speaker 1: We're going to continue to keep an eye on this, Georgio,
• 12:50
  Speaker 1: So thank you so much for coming in today. We
• 12:52
  Speaker 1: appreciate it.
• 12:52
  Speaker 2: Thanks so much for having me.
• 12:54
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• 12:56
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