Ripple's XRP Ledger (XRPL) is gearing up to launch its Ethereum Virtual Machine (EVM) sidechain on the mainnet in the second quarter of 2025. This development, announced during the Apex 2025 conference in Singapore by Ripple executives David Schwartz and Jaazi Cooper, signifies a major advancement for the decentralized Layer 1 blockchain. While the XRPL currently lacks EVM support, the new sidechain aims to address this gap by enabling compatibility with Ethereum's smart contracts and dApps. Developed by Peersyst Technology in collaboration with Cosmos, Common Prefix, Axelar, and Commons, the XRPL EVM sidechain leverages XRP as its native token and offers high-speed, cost-effective transactions. The successful testnet, with over 280,000 daily transactions, has attracted significant interest from new entities, showcasing the potential for growth and innovation within the XRP ecosystem. This integration of EVM compatibility is poised to enhance XRPL's utility and DeFi offerings, positioning it as a formidable player in the competitive blockchain landscape. Read more AI-generated news on: https://app.chaingpt.org/news

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