The XRP Ledger (XRPL) is preparing to launch its Ethereum Virtual Machine (EVM) compatible sidechain on mainnet in the coming weeks, marking a significant upgrade to XRP’s smart contract functionality. This development will enable Ethereum-based decentralized applications (dApps) and smart contracts to operate on XRPL while leveraging its high throughput and low-cost transaction advantages.
Developed by Peersyst Technology in collaboration with Ripple, Cosmos, and other partners, the sidechain uses XRP as its native token. It connects to the XRPL mainchain through the Axelar bridge, facilitating seamless interoperability and asset transfers between the ecosystems.
Testnet performance has demonstrated robust adoption, consistently processing over 280,000 daily transactions while attracting 87 new developer entities. This strong engagement signals growing interest in expanding XRPL’s utility for decentralized finance (DeFi) and other dApp use cases.
The integration positions XRPL as a more competitive blockchain platform by combining Ethereum’s developer ecosystem with XRP’s efficiency. The mainnet launch is expected to accelerate onboarding and drive substantial ecosystem growth across both retail and institutional applications.