<ul data-eligibleForWebStory="true"><li>Ripple, in partnership with Peersyst and Axelar, has launched the new XRPL EVM Sidechain, enabling developers to build or migrate Ethereum-based dApps into the XRP ecosystem.</li><li>The sidechain leverages Evmos software for full EVM support, allowing applications like lending, tokenization, and payments with low fees and high-speed transactions on the XRP ledger.</li><li>Axelar's bridge connects the sidechain to XRPL's mainnet, facilitating cross-chain transfers including wrapped XRP as the gas token for the EVM chain.</li><li>The launch is seen as a step towards full interoperability, with DeFi players like Band Protocol and upcoming dApps expected to go live on the XRPL EVM Sidechain, positioning it as a major hub in the multichain DeFi landscape.</li></ul>

XRP Ledger Expands with Launch of Ethereum-Compatible Sidechain

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