XRP News Today: XRP Ledger Launches EVM-Compatible Sidechain Boosting DeFi Capabilities

Generated by AI AgentCoin World
Monday, Jun 30, 2025 12:56 pm ET1min read

The

XRP
Ledger (XRPL) has expanded its capabilities with the launch of an EVM-compatible sidechain, marking a significant development for
Ripple
and the broader XRPL ecosystem. This new sidechain enables the deployment of Ethereum-based decentralized applications (dApps) and facilitates cross-chain financial interactions, enhancing the platform's interoperability and functionality.

Ripple collaborated with Axelar and Peersyst to bring this launch to fruition. The partnership leverages the expertise of leading figures in blockchain technology, introducing Ethereum-compatible smart contracts to the XRPL. This strategic move is designed to elevate the viability of XRP and the ecosystem, positioning Ripple as a key player in the DeFi space.

The launch of the EVM-compatible sidechain is expected to have a substantial impact on the market. By enhancing cross-chain liquidity and potentially boosting XRP's usage as a gas token, this development could stimulate higher Total Value Locked (TVL) in DeFi protocols. The integration of assets like USDC and ERC-20 tokens further enhances liquidity and trading flexibility, creating new opportunities for the XRPL platform.

Historical trends from similar events, such as the Avalanche C-Chain launch, suggest that this development could lead to increased cross-chain DeFi activity. Ripple's strategic partnerships and the growing interoperability of the XRPL platform position it favorably for further industry-influencing developments. The anticipated outcomes include heightened interest from developers, increasing ecosystem innovation, and subsequent financial implications such as increased capital allocation for cross-chain infrastructure.

These underlying dynamics could lead to technologically advancing the XRP Ledger's capabilities. The inclusion of multichain functionality through Wormhole further extends XRPL’s capabilities, promising increased versatility and investment potential. The XRPL EVM Sidechain officially launched on mainnet on June 30, 2025, bringing full Ethereum-compatible smart contracts to the XRP Ledger. Developers can now deploy Solidity-based dApps, unlock cross-chain DeFi, and tap XRPL’s native speed, cost-efficiency, and reliability.