XRP Ledger EVM Sidechain Launches on Mainnet
Ripple has launched its Ethereum Virtual Machine (EVM)-compatible sidechain on the XRP Ledger (XRPL) mainnet. This enables developers to create Ethereum-compatible decentralized applications (dapps) within the XRPL ecosystem while leveraging XRP’s low transaction costs.
Key Features
- Access for 6+ million XRPL wallet holders
- Faster block processing than Ethereum
- Minimal transaction fees
- Network of 25+ validator firms
Collaborative Development
The project resulted from cooperation between Ripple, Peersyst, and the XRPL community. An Axelar bridge connects the sidechain to 80+ other blockchains.
Expert Perspective
“This sidechain offers developers new flexibility while maintaining XRPL’s core reliability,” noted David Schwartz, Ripple‘s Chief Technology Officer.
Practical Applications
The technology already supports real-world asset tokenization, including Ripple’s collaboration with Ctrl Alt on Dubai’s first property title tokenization project using XRPL.
