Ripple has confirmed the launch dates for the EVM-compatible sidechain for XRP Ledger, set to be available in Q2 2025. This development significantly enhances interaction with the Ethereum system.
Launch of EVM-Compatible Sidechain
Ripple's CTO David Schwartz announced the launch at the Apex 2025 event. The sidechain will enable seamless fund transfers between XRP Ledger and the Ethereum blockchain.
Development of Applications on the Sidechain
Several DeFi platforms, including Strobe Finance, Vertex Protocol, Secured Labs, and Squid Router, are already working on the sidechain, showcasing active collaboration and interest in the new technology.
Project Background
The first mention of the sidechain was made in October 2022, followed by a successful launch and the release of the testnet in June 2023. The sidechain combines low transaction costs with Ethereum's smart contract functionality.
The launch of the EVM-compatible sidechain for XRP Ledger is anticipated in Q2 2025 and will open new opportunities for developers and users in the DeFi sector.
