Gate News bot message, The Block reports that the XRP Ledger officially launched EVM sidechains on the Mainnet. This sidechain was co-developed by Ripple, Peersyst, and Axelar, and is built on the Evmos software stack.
The new sidechains run in parallel on the Mainnet, combining the low-cost transaction features of the XRP Ledger and the smart contract capabilities of Ethereum. Developers can now build, migrate, and deploy cross-chain applications that are compatible with Ethereum within their ecosystem.
The sidechain connects to the XRPL Mainnet through Axelar, using wrapped XRP as the native GAS token. Currently, DeFi projects like Band Protocol have already settled in, and there are plans to integrate the cross-chain protocol Wormhole. It is worth noting that although the XRP ledger previously had limitations regarding smart contracts and did not support EVM, Flare Network has already achieved relevant functionality through an EVM-compatible layer.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
