On June 30th (UTC+8), the XRPL EVM sidechain was officially launched on the mainnet, successfully introducing Ethereum smart contracts into the XRP Ledger ecosystem. This innovative move adds Ethereum-compatible decentralized application scenarios to the XRP Ledger. Launched by a blockchain network associated with Ripple, the sidechain aims to allow developers to create and deploy cross-chain Ethereum-compatible applications in the XRP ecosystem. Officials point out that the sidechain combines the low transaction costs of the XRP Ledger with Ethereum smart contract functionality, optimizing speed, security, and scalability, and providing support for decentralized applications such as lending, asset tokenization, and payments. The XRPL EVM sidechain, jointly developed by Ripple, Peersyst, and Axelar, adopts the Evmos software architecture and connects to the XRPL mainnet through Axelar's exclusive cross-chain bridge, enabling cross-chain transfer of assets. Although the XRP Ledger previously had limited support for native smart contract programming, and the Flare network already has an EVM-compatible layer providing smart contract functionality, this sidechain opens a new chapter. (Source: Mlion.ai) [MetaEra]