01.07.2025 00:10
The XRP Ledger (XRPL) has significantly expanded its capabilities with the launch of its EVM (Ethereum Virtual Machine) sidechain mainnet. This integration opens up a world of possibilities for developers and users alike, bridging the gap between the XRPL and the Ethereum ecosystem.
This development allows for seamless interoperability between the two networks, fostering a more vibrant decentralized finance (DeFi) environment. The XRPL now benefits from Ethereum's sophisticated smart contract functionality, while retaining its own unique strengths. The result is a strengthened decentralized ecosystem capable of supporting a broader range of applications.
Specifically, developers can now easily port and deploy Ethereum Virtual Machine-compatible decentralized applications (dApps) onto the XRPL, leveraging the existing liquidity and robust infrastructure of the XRP Ledger. This is particularly significant given the recent XPPL 2.5.0 software upgrade, further enhancing the network's performance and stability.
The new sidechain boasts impressive technical specifications, including full compatibility with popular developer tools like Solidity, MetaMask, and Hardhat. XRP will serve as the native gas token, ensuring a smooth and cost-effective user experience. Furthermore, the chain achieves a remarkable 3.4-second block time and a transaction throughput of 1,000 transactions per second (TPS). A strong network of 25 companies already actively run nodes, forming a vibrant validator community.
Beyond technical advancements, this launch unlocks new avenues for decentralized applications, paving the way for innovative services such as decentralized lending platforms, tokenization initiatives, and enhanced payment solutions within the XRP ecosystem. Peersyst Technology, the creators of the sidechain, expressed excitement about the future, anticipating the gradual addition of new wallets, infrastructure providers, and dApps to the burgeoning XRPL EVM ecosystem. David Schwartz, Ripple's CTO, highlighted the sidechain's flexibility, enabling developers to build EVM-based applications while utilizing the efficiency of the XRP Ledger, signifying a powerful combination of innovation and established infrastructure. This signifies a significant step forward for the XRPL and the broader cryptocurrency landscape.
