💸XRP Ledger is about to have an EVM sidechain – A game expansion into DeFi and memecoin?

▶️ Ripple is preparing to deploy an EVM-compatible sidechain on the XRP Ledger through the Evernode project – opening up the ability to run Ethereum smart contracts directly on the XRPL infrastructure. According to the latest information, the mainnet version of the EVM sidechain will be launched on August 31, following a testnet phase that has lasted since the end of last year. XRPL users will be able to interact with DeFi, NFT, and even memecoin applications according to EVM standards.

💭 The project is being developed by Peersyst Technology – a unit that collaborates directly with Ripple, aiming to expand processing capabilities and attract developers from the Ethereum ecosystem. This move not only helps XRPL keep up with the multichain trend but is also a "strategic move" to retain capital flow as other systems like Solana, Base, and LayerZero are ramping up their memecoin and airdrop ecosystems. If successfully implemented, the EVM sidechain could be a catalyst to help XRP regain the attention it has long lost – especially as the SEC is gradually softening its stance in related lawsuits.

📌 However, a big question arises: does the Ethereum community actually care about an old chain like XRPL, or is this just a "late effort" to catch the trend? $XRP