XRP Ledger’s EVM Sidechain Sees Early Smart Contract Growth and Rising Institutional Interest
2025-07-09 01:37:34
Main Idea
The XRP Ledger’s EVM-compatible sidechain has seen rapid adoption with 1,400 smart contracts deployed in a week, highlighting its potential for scalable and interoperable blockchain solutions.
Key Points
1. The XRP Ledger’s EVM-compatible sidechain launched on June 30, with nearly 1,400 smart contracts deployed within seven days.
2. The sidechain combines Ethereum’s Solidity compatibility with XRPL’s low transaction fees and fast block times (3.4 seconds).
3. The sidechain is supported by a network of 25 independent validators, indicating strong institutional backing.
4. XRPL’s integration with protocols like Wormhole and Axelar Network enhances interoperability and DeFi functionality.
5. The EVM sidechain positions XRPL as a versatile platform for next-generation decentralized applications and cross-chain connectivity.
Description
The XRP Ledger’s new EVM-compatible sidechain has rapidly gained traction, recording 1,400 smart contract deployments within its first week of mainnet operation. This innovative sidechain bridges Ethereum dApps with XRPL’s
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