The XRP ledger has launched EVM sidechains, achieving compatibility with Ethereum smart contracts.

Gate News bot message, on June 30, the XRP ledger ecosystem achieved a significant breakthrough, with the EVM sidechain officially logging in to the Mainnet. This innovation introduces Ethereum smart contract functionality to the XRP ecosystem, providing developers with a cross-chain Ethereum-compatible application deployment platform.

The sidechain was launched by a blockchain network related to Ripple, combining the low-cost transaction advantages of the XRP ledger with the smart contract capabilities of Ethereum. It aims to enhance speed, security, and scalability, paving the way for new decentralized applications such as lending, asset tokenization, and payments.

This EVM sidechain is the result of a collaboration between Ripple, Peersyst, and Axelar, utilizing the software architecture of Evmos. Although the XRP ledger previously only supported limited native smart contract programming, it now connects to the XRPL Mainnet through Axelar as a cross-chain bridge, achieving broader smart contract compatibility. Wrapped assets like XRP will be used as native fuel tokens on the sidechain.