Ripple has launched a new EVM sidechain on the XRP Ledger, allowing developers to utilize Ethereum tools for application creation.
Introduction to XRPL EVM Sidechain
The XRPL EVM sidechain has been launched on the mainnet and operates as a separate blockchain running parallel to XRPL. This allows developers to build Solidity-based applications using tools like MetaMask and Hardhat.
Cross-Chain Infrastructure and Developer Tools
Axelar serves as the main bridge connecting XRPL and the EVM sidechain, enabling cross-chain transfers of wrapped XRP and linking to over 80 other blockchains. Wormhole protocol, which supports over 200 applications across 35 blockchains, is expected to be integrated next.
Developer Advantages and Opportunities
With the launch of the EVM sidechain, developers gain access to XRPL's network of over 6 million wallets, supporting applications in lending, tokenization, and payments. The platform also provides smart contracts, allowing for solutions that bridge XRPL and Ethereum.
The launch of the EVM sidechain on XRPL opens new opportunities for developers to create powerful applications that leverage both XRPL and EVM advantages.