All Eyes on XRP Ledger as It Finally Gets Ethereum Compatibility
2025-06-30 16:32:41
Main Idea
The XRP Ledger has launched an EVM-compatible sidechain, enhancing its functionality with Ethereum Virtual Machine capabilities while maintaining its fast and scalable infrastructure.
Key Points
1. The XRP Ledger's new EVM sidechain connects to the main XRPL via the Axelar bridge, using XRP as the native token for gas fees.
2. The sidechain enables developers to build apps with Ethereum-level programmability while leveraging XRP's liquidity and low-cost transactions.
3. Integration with Axelar, Squid, and Wormhole allows access to over 80 connected blockchains, expanding cross-chain capabilities.
4. The ecosystem is supported by infrastructure partners like Grove, Band Protocol, and Goldsky, and a validator set of over 25 companies ensures decentralization.
5. This development positions XRP Ledger as a key player in DeFi, with potential for rapid utility expansion as developers deploy new applications.
Description
The XRP Ledger has officially launched its new EVM-compatible sidechain on the mainnet The sidechain allows developers to build and deploy Ethereum-style smart contracts on XRPL It connects to the broader multichain ecosystem via the Axelar bridge, using XRP as gas The XRP Ledger (XRPL) has officially launched its highly anticipated EVM-compatible sidechain on the mainnet, a major development that brings Ethereum-style smart contracts to XRPL’s fast and scalable infrastructure. Thi.s move opens ...
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