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XRPL EVM Sidechain Goes Live, Unlocking Ethereum Dapps in XRP Ecosystem

Ripple officially introduced the XRP Ledger's Ethereum Virtual Machine (EVM) sidechain to the mainnet in an bid to improve the ecosystem's interoperability and allow developers to deploy their Ethereum-based decentralized applications (dapps) with the XRPL.

The development adds EVM-compatible smart contracts while maintaining a connection to the XRPL, giving developers access to the ecosystem at a low cost, Ripple said in a blog post. It is designed to eliminate the trade-off between EVM compatibility and XRPL’s own advantages, opening the door for dapps to lean into XRP’s payments infrastructure.

“The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency,” David Schwartz, Ripple's chief technology officer and a co-creater of XRPL, said in the post. “It extends the capabilities of the ecosystem without changing the fundamentals that make the XRPL reliable.”

The sidechain operates as a separate blockchain that is parallel and connected to the XRP Ledger over the Axelar bridge, an interoperability protocol. XRPL’s native token, XRP (XRP), will serve as the native gas token for the sidechain.

The chain is designed specifically for developers, as they can now build and deploy their EVM-based applications, while accessing XRPL’s network of over 6 million wallet holders, Ripple said. The sidechain is planned to eventually also integrate with Wormhole, another interoperability protocol, allowing even more developers to access the XRP ecosystem.

Read more: Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves

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XRP Ledger’s Ethereum-Compaitable Sidechain to Go Live in Q2

Decentralized Layer 1 blockchain XRP Ledger's (XRPL) sidechain that's compatible with the Ethereum Virtual Machine (EVM) is set to go live in the second quarter, Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple's chief technology officer said at the ongoing APEX 2025 conference in Singapore.

EVM compatibility refers to the ability of the blockchain to run Ethereum-based decentralized applications and smart contracts seamlessly.

The XRPL EVM sidechain testnet went live early this year and is experiencing rapid growth, according to Peersyst Technologies.

“87 new entities – with no prior XRP involvement – are now contributing to the ecosystem: infrastructure, apps, and demand generation,” Peersyst said on X. “When mainnet goes live, all of it becomes part of the XRP ecosystem – possibly the biggest onboarding in XRP history.”

The EVM sidechain will allow users to potentially generate yield through DeFi applications, such as liquidity pools, and smart contract interactions.

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XRP Ledger’s Ethereum-Compaitable Sidechain to Go Live in Q2

Decentralized Layer 1 blockchain XRP Ledger's (XRPL) sidechain that's compatible with the Ethereum Virtual Machine (EVM) is set to go live in the second quarter, Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple's chief technology officer said at the ongoing APEX 2025 conference in Singapore.

EVM compatibility refers to the ability of the blockchain to run Ethereum-based decentralized applications and smart contracts seamlessly.

The XRPL EVM sidechain testnet went live early this year and is experiencing rapid growth, according to Peersyst Technologies.

“87 new entities – with no prior XRP involvement – are now contributing to the ecosystem: infrastructure, apps, and demand generation,” Peersyst said on X. “When mainnet goes live, all of it becomes part of the XRP ecosystem – possibly the biggest onboarding in XRP history.”

The EVM sidechain will allow users to potentially generate yield through DeFi applications, such as liquidity pools, and smart contract interactions.

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XRPL Hits 2.8 Billion Flawless Transactions—Big Players Are Paying Attention

Blockchain technology is receiving a boost with the XRP Ledger, based on recent findings from industry observers. The system has handled over 2.8 billion transactions without any security failure, which has caught the eye of financial institutions globally.

Institutions Are Taking Notice

According to Jasmine Cooper, RippleX Head of Product, the effectiveness of XRPL is one of the major reasons institutional investors are drawn to it. Institutional asset issuers and investors are using XRPL more because of its speed and reliability.

For example, OpenEden has recently hit milestones in tokenizing US Treasury bills on the platform. Institutional investors are purchasing these tokenized assets that desire access to on-chain financial instruments.

BlackRock, the global asset management titan, is also making a push into asset tokenization, lining up with XRPL’s platform. Regulated exchanges like Archax are even listing tokenized assets created on the ledger, and it’s becoming more acceptable to mainstream financial institutions.

Real Estate Gears Up For Blockchain

XRPL is revolutionizing the way people buy and sell real estate by enabling tokenization. Firms such as Propy utilize it to facilitate automatic property sales, minimizing paperwork and accelerating transactions. This facilitates real estate trading and makes it more accessible.

This change might have a huge effect on an industry that is normally sluggish and convoluted. Through blockchain, XRPL assists in making transactions easy yet secure and reliable.


DeFi Growing On XRPL

DeFi on XRPL is gaining traction, owing to fresh technology such as the Automated Market Maker (AMM). The functionality allows traders to exchange assets and provide liquidity directly on the blockchain, eliminating the role of centralized exchanges.

RippleX is also looking to simplify XRPL for developers. The firm is introducing an Ethereum Virtual Machine (EVM) sidechain that enables developers to create Ethereum-based smart contracts with the advantage of XRPL’s low-cost, high-speed transactions.

This element is likely to have more DeFi projects hitting the ledger and improve its connectivity with other blockchain networks.

A New Stablecoin On The Horizon

Ripple recently rolled out RLUSD, a new US dollar-backed stablecoin, on a small number of small crypto exchanges. The stablecoin will be applied in cross-border payments and liquidity. RippleX is said to be seeking regulatory approval to ensure that RLUSD meets the regulations, which could make it more appealing to institutional users.

The stablecoin is positioned as an adjunct to XRP, already employed as an international bridge currency. If the RLUSD gains traction, adoption of the XRPL network is likely to further increase.

Featured image from VOI, chart from TradingView

Posted on

XRPL Hits 2.8 Billion Flawless Transactions—Big Players Are Paying Attention

Blockchain technology is receiving a boost with the XRP Ledger, based on recent findings from industry observers. The system has handled over 2.8 billion transactions without any security failure, which has caught the eye of financial institutions globally.

Institutions Are Taking Notice

According to Jasmine Cooper, RippleX Head of Product, the effectiveness of XRPL is one of the major reasons institutional investors are drawn to it. Institutional asset issuers and investors are using XRPL more because of its speed and reliability.

For example, OpenEden has recently hit milestones in tokenizing US Treasury bills on the platform. Institutional investors are purchasing these tokenized assets that desire access to on-chain financial instruments.

BlackRock, the global asset management titan, is also making a push into asset tokenization, lining up with XRPL’s platform. Regulated exchanges like Archax are even listing tokenized assets created on the ledger, and it’s becoming more acceptable to mainstream financial institutions.

Real Estate Gears Up For Blockchain

XRPL is revolutionizing the way people buy and sell real estate by enabling tokenization. Firms such as Propy utilize it to facilitate automatic property sales, minimizing paperwork and accelerating transactions. This facilitates real estate trading and makes it more accessible.

This change might have a huge effect on an industry that is normally sluggish and convoluted. Through blockchain, XRPL assists in making transactions easy yet secure and reliable.


DeFi Growing On XRPL

DeFi on XRPL is gaining traction, owing to fresh technology such as the Automated Market Maker (AMM). The functionality allows traders to exchange assets and provide liquidity directly on the blockchain, eliminating the role of centralized exchanges.

RippleX is also looking to simplify XRPL for developers. The firm is introducing an Ethereum Virtual Machine (EVM) sidechain that enables developers to create Ethereum-based smart contracts with the advantage of XRPL’s low-cost, high-speed transactions.

This element is likely to have more DeFi projects hitting the ledger and improve its connectivity with other blockchain networks.

A New Stablecoin On The Horizon

Ripple recently rolled out RLUSD, a new US dollar-backed stablecoin, on a small number of small crypto exchanges. The stablecoin will be applied in cross-border payments and liquidity. RippleX is said to be seeking regulatory approval to ensure that RLUSD meets the regulations, which could make it more appealing to institutional users.

The stablecoin is positioned as an adjunct to XRP, already employed as an international bridge currency. If the RLUSD gains traction, adoption of the XRPL network is likely to further increase.

Featured image from VOI, chart from TradingView

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Botanix Labs’ Mission to Bring Bitcoin to Defi Moves to Final Testnet Phase

Botanix Labs, the developer of Bitcoin layer-2 network Spiderchain, which aims to advance the possibilities of decentralized finance (DeFi) on the world’s original blockchain, has moved to its final testnet phase ahead of a 2025 mainnet debut.

The testnet, known as Aragog, introduces tools that will form the basis for the mainnet’s DeFi offering, such as bitcoin (BTC)-backed stablecoin Palladium, decentralized exchange Bitzy and lending and borrowing market Spindle.

Botanix Labs, which aims to introduce the mainnet in the first quarter, is building Spiderchain to be compatible with the Ethereum Virtual Machine (EVM), the software that powers the Ethereum network. The goal is to allow any application or smart contract to be copied and pasted onto Bitcoin, creating provision for the kind of DeFi applications that would generally call Ethereum home.

In short, Botanix says its aim is to “bring Bitcoin back online and onchain.”

“Every member of the Bitcoin economy should work to ensure that demand for onchain applications endures so Bitcoin can fulfill its potential and transition from digital gold to a full global currency,” Botanix said in a blog post on Wednesday.

There are several Bitcoin layer 2s seeking to bring over the kind of utility and programmability that is commonplace on networks like Ethereum.

The motivation for this is a mixture of wishing to harness the increased security and decentralization that the Bitcoin network offers, while wanting to access the wells of capital that are held in BTC, which are far deeper than any other cryptoasset.

Read More: Aave Gauges Community Interest for Expansion to Bitcoin Layer 2 Spiderchain