The XRP Ledger (XRPL) has officially launched its Ethereum Virtual Machine (EVM) sidechain on its mainnet, allowing developers to build and deploy Ethereum-compatible smart contracts and decentralized applications (dApps) within the XRPL ecosystem.
This development merges XRPL‘s speed and low transaction costs with Ethereum’s smart contract capabilities, supporting diverse applications like lending and tokenization.
Developed by Ripple, Peersyst, and Axelar using Evmos technology, this sidechain marks XRPL’s direct integration with Ethereum, offering a unique alternative to existing EVM functionalities like Flare Network.
Wrapped XRP will serve as the native gas token, facilitating seamless transfers between the XRPL mainnet and the sidechain via Axelar’s bridge, which also connects to over 80 other blockchains.
Several DeFi projects, including Band Protocol, Grove, and Squid, are already committed to building on this new infrastructure, with further integrations like Wormhole planned to expand XRPL’s cross-chain reach. This launch is seen as a pivotal step towards meeting growing institutional demand and enhancing interoperability.
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