The Ripple ecosystem has made significant progress by launching an institutional product on the XRP Ledger and announcing an EVM-compatible sidechain. The investment company Guggenheim Treasury Services has issued digital commercial paper on the XRP Ledger, marking the first step towards integrating blockchain solutions into traditional finance. This product highlights the potential of XRPL for fast and secure transactions in the corporate sector.
Additionally, at the XRPL Apex 2025 conference in Singapore, Ripple announced the launch of an EVM-compatible sidechain by the end of the second quarter of 2025. This sidechain, developed in collaboration with Peersyst and Evmos, will allow for the deployment of Ethereum-based smart contracts, expanding opportunities for DeFi, NFTs, and asset tokenization. According to Peersyst, the testnet has already attracted 87 new participants, which could become the largest onboarding in XRP's history. The sidechain uses $XRP as its native token and supports up to 1000 transactions per second.
These innovations strengthen Ripple's position in the market, attracting institutional and retail investors. Stay updated on blockchain and mining news by following #MiningUpdates
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