Ripple has recently unveiled a groundbreaking new product called the XRPL EVM Sidechain, designed to introduce compatibility with the Ethereum Virtual Machine (EVM) to the XRP Ledger (XRPL). This innovative move is set to open up a wealth of possibilities in the realms of decentralized finance (defi) and the tokenization of real-world assets (RWA). The sidechain will be linked to the XRPL mainnet through a bridge, utilizing wrapped XRP (exrp) as its native asset and gas token.
The launch of the XRPL EVM Sidechain will prioritize both security and user experience, with Axelar designated as the exclusive bridge for sourcing the sidechain’s native gas token. Ripple’s engineering team is also joining forces with Peersyst to enhance XRPL’s interoperability. Over the coming 12-15 months, Ripple engineers will closely monitor the adoption and interest in XLS-38, a tool for crafting custom sidechains, and will propose adjustments based on feedback from the community.
