XRP Ledger’s New Ethereum Sidechain May Foster Developer Growth and Innovation in Its Ecosystem
Main Idea
The XRP Ledger's new Ethereum sidechain aims to enhance programmability and attract more developers, with current DeFi assets totaling $94,000.
Key Points
1. Ripple’s CTO David Schwartz states the Ethereum sidechain will increase experimentation and innovation within the XRP Ledger ecosystem.
2. The XRPL EVM sidechain currently has $94,000 in assets utilized in DeFi applications, with Moai Finance being the most popular.
3. Developers familiar with Solidity and EVM are encouraged to join the XRP Ledger ecosystem to leverage the new sidechain.
4. The XRP Ledger has 168 developers, significantly fewer than Ethereum’s 8,500 and Solana’s 4,000.
Description
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