On June 30, The Block reported that the Ethereum Virtual Machine (EVM)-compatible sidechain of $XRP Ledger has officially launched on the mainnet, enabling developers to build, port, and deploy cross-chain Ethereum-compatible applications within its ecosystem.As a blockchain running in parallel, the XRPL EVM sidechain combines the low-cost transaction capabilities of $XRP Ledger with the smart contract functionality of Ethereum, providing new development space for decentralized applications (including lending, tokenization, and payments).The sidechain was developed in collaboration by Ripple, Peersyst, and Axelar, and is based on Evmos' software stack. Axelar, as the only bridging method, is responsible for transferring assets, including wrapped $XRP, which will serve as the native gas token. The sidechain has reportedly attracted decentralized finance projects such as Band Protocol, Grove, and Squid, and plans to integrate with Wormhole, a cross-chain interoperability protocol connecting more than 35 blockchain networks. [深潮 TechFlow]
On June 30, The Block reported that the Ethereum Virtual Machine (EVM)-compatible sidechain of XRP Ledger has officially launched on the mainnet, enabling developers to build, port, and deploy cross-chain Ethereum-compatible applications within its ecosystem.As a blockchain running in parallel, the XRPL EVM sidechain combines the low-cost transaction capabilities of XRP Ledger with the smart contract functionality of Ethereum, providing new development space for decentralized applications (including lending, tokenization, and payments).The sidechain was developed in collaboration by Ripple, Peersyst, and Axelar, and is based on Evmos' software stack. Axelar, as the only bridging method, is responsible for transferring assets, including wrapped XRP, which will serve as the native gas token. The sidechain has reportedly attracted decentralized finance projects such as Band Protocol, Grove, and Squid, and plans to integrate with Wormhole, a cross-chain interoperability protocol connecting more than 35 blockchain networks. [深潮 TechFlow]
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