The XRP Ledger has announced the launch of its EVM sidechain, aimed at improving platform functionality and expanding opportunities for developers, creating new use cases for XRP in DeFi.
EVM Sidechain Launch
The XRP Ledger successfully launched its EVM sidechain, announced by Ripple's CTO David Schwartz in June 2025. This integration with the Ethereum ecosystem opens new horizons for blockchain operations.
DeFi and XRP Advantages
The launch of the sidechain positively impacts XRP utilization, allowing the application of smart contracts and opening opportunities for DeFi and lending of XRP assets. David Schwartz stated: "The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications without altering the fundamental principles of XRPL, which ensure the platform’s reliability."
Future of the XRP Ecosystem
The launch of the EVM sidechain is expected to increase total value locked (TVL) and developer interest in the XRPL ecosystem. This development could stimulate broader growth in financial, regulatory, and technological aspects of blockchain ecosystems, allowing for new heights in the competitive landscape.
The launch of the EVM sidechain on the XRP Ledger represents an important step in the development of the cryptocurrency ecosystem, providing better conditions for development and integration with Ethereum, increasing the potential use of XRP in various financial applications.
