Ripple's XRP Ledger has launched its EVM-compatible sidechain on mainnet, enabling Ether-based smart contracts and DApps within the XRPL ecosystem.
The XRPL EVM Sidechain integrates XRP Ledger's low-cost transactions with Ethereum's smart contract capability, allowing for new classes of decentralized apps like lending and tokenization.
XRP serves as the native gas token for the sidechain, offering features like faster block times, low transaction costs, and access to over 6 million XRPL wallet holders.
The launch of XRPL EVM marks a new era for XRP in the multichain world and has already attracted partners like Band Protocol and Grove for oracle services and public RPC endpoints.