#Xrp

𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙄𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙚𝙨 𝙒𝙞𝙩𝙝 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙀𝙘𝙤𝙨𝙮𝙨𝙩𝙚𝙢 𝘼𝙨 𝙀𝙑𝙈 𝙎𝙞𝙙𝙚𝙘𝙝𝙖𝙞𝙣 𝙂𝙤𝙚𝙨 𝙇𝙞𝙫𝙚

The XRP Ledger (XRPL) EVM sidechain has finally gone live, bringing smart contracts to the network’s ecosystem. This move enables cross-chain compatibility between the XRPL and Ethereum networks, boosting the decentralized finance (DeFi) landscape

In a press release, the network announced that the XRPL EVM sidechain is now live on the network. The release noted that this ushers in a new era of cross-chain DeFi, bringing Ethereum’s compatibility and smart contract programmability to the network’s ecosystem.

The launch brings general-purpose smart capabilities to the XRP Ledger’s ecosystem. With this, developers will now be able to build, port, and deploy cross-chain EVM (Ethereum Virtual Machine) only dApps while tapping into the XRPL’s liquidity.

This development just comes days after the XPPL 2.5.0 software upgrade went live. As part of today’s launch, the sidechain boasts full compatibility with Solidity, MetaMask, and Hardhat.

XRP will serve as the native gas token while the chain has a 3.4-second block time and can run 1,000 transactions per second (TPS). The network also boasts a vibrant validator community, with 25 companies already running nodes.

Meanwhile, the sidechain mainnet launch will also open new categories of decentralized applications, which will provide services such as lending, tokenization, and payments to the XRP ledger.

Commenting on this XPPL EVM Sidechain mainnet launch, Ripple’s CTO, David Schwartz, said,