The XRP Ledger (XRPL) ecosystem has taken a major leap forward with the launch of its long-anticipated Ethereum Virtual Machine (EVM)-compatible sidechain, which went live on mainnet on June 30. Within just seven days, developers deployed nearly 1,400 smart contracts, signaling strong early adoption.
🔹 Developer Interest Surges with Rapid Deployment
According to analyst Paul Barron, over a thousand smart contracts were deployed on the new XRPL EVM sidechain in its first week. This impressive activity reflects developers' enthusiasm for building on XRPL, which offers scalability, speed, and low costs.
The sidechain enables seamless porting of existing Ethereum-based dApps into the XRPL ecosystem. Developers can now combine Ethereum’s flexibility with XRPL’s built-in liquidity and performance benefits.
🔹 Tech Specs and Key Advantages
Built by Peersyst and Ripple, the EVM sidechain supports essential Ethereum tools such as Solidity, MetaMask, and Hardhat. It processes blocks every 3.4 seconds, handles up to 1,000 transactions per second, and uses XRP for gas fees.
The sidechain’s launch closely follows the release of XRPL version 2.5.0, showcasing Ripple’s ongoing efforts to enhance its blockchain technology. It also lays the foundation for cross-chain dApps that can operate using both Ethereum and XRP functionalities.
🔹 Opening Doors for DeFi on XRPL
This update significantly expands XRPL’s use cases, opening the door to DeFi applications, tokenization, lending, and global payment systems. Peersyst Technology highlighted the massive demand:
"The need for smart contracts on XRP is crystal clear—almost 1,400 contracts deployed in a week is just the beginning.
🔹 XRP Enters a New Era of Liquidity, Interoperability, and Trust
Ripple is pushing XRP further into real-world utility. The integration of Wormhole, a leading cross-chain messaging protocol, enables developers to build apps that function across multiple blockchains—boosting XRPL’s potential in real-world assets and cross-border payments.
Ripple’s collaboration with Axelar Network adds to this momentum, with over $100 million in daily cross-chain transaction volume, bringing increased liquidity to the XRP ecosystem.
The EVM sidechain also earned early institutional support, launching with 25 independent validators, reflecting rising confidence in XRPL’s expanding infrastructure.
#XRPL , #xrp , #Ripple , #defi , #Web3
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