Ripple Aiming for More Developers With Ethereum Sidechain: CTO

Key Points

1. Ripple CTO David Schwartz believes experimentation in blockchains is beneficial, citing Ethereum's developer focus as a model for XRP Ledger.

2. The XRPL EVM Sidechain launched in June, supporting smart contracts and using XRP as its native token to attract Ethereum developers.

3. Schwartz noted the XRP Ledger's developer community is smaller than desired, partly due to lack of programmability, which the EVM Sidechain aims to address.

4. Standard Chartered analyst Geoff Kendrick identified a limited developer base as a challenge for XRP, with XRP Ledger having 168 developers compared to Ethereum's 8,500 and Solana's 4,000.

5. The XRPL EVM Sidechain has started quietly, with Ripple offering grants and community funding to boost adoption, and currently holds $94,000 in total value locked (TVL).