Ripple has launched the mainnet of its XRP Ledger (XRPL) EVM Sidechain, introducing Ethereum Virtual Machine (EVM) compatibility.
This integration allows Ethereum-based smart contracts and decentralized applications (dApps) to operate efficiently on a separate chain interoperable with the XRPL.
The sidechain operates independently of XRPL’s core architecture, leveraging partnerships with Peersyst for development and Axelar to enable connectivity with over 80 external blockchains.
A key feature designates XRP as the primary gas token powering transactions and smart contract execution on the EVM sidechain. This integration aims to significantly increase XRP demand and enhance its utility within DeFi and broader cross-chain applications.
The launch has the potential to catalyze positive market sentiment for XRP, drawing parallels to growth experienced by historically successful Ethereum-compatible platforms.
By offering full EVM compatibility, the sidechain reduces friction for Ethereum developers. This streamlining aims to accelerate adoption and ecosystem growth on the XRPL by merging Ethereum’s developer familiarity with XRPL’s capabilities.