XRP Ledger Gets Ethereum Boost: Ripple Launches New Sidechain
ETH
WAXL
DEFI
AXL
XRP
- Ripple introduces XRPL EVM Sidechain for enhanced blockchain interoperability.
- Axelar bridge enables seamless asset transfer between XRPL and EVM Sidechain.
- XRP price rose 2.34% following Ripple’s latest technological advancements.
Ripple Labs, the company behind the XRP cryptocurrency, has announced a significant step towards greater blockchain interoperability with the unveiling of the XRPL EVM Sidechain, a new solution designed to bridge the XRP Ledger (XRPL) with the Ethereum Virtual Machine (EVM).
1/ Introducing the XRPL EVM Sidechain: We're excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA. https://t.co/lenc4Bl9TZ
— RippleX#XRPLApex (@RippleXDev) June 12, 2024
This development is expected to unlock new opportunities for developers in real-world asset (RWA) tokenization and decentralized finance (DeFi).
Facilitating this integration is the XRPL EVM Sidechain Bridge, which will utilize wrapped XRP (eXRP) as both the native asset and gas token. This bridge ensures seamless asset transfers between the XRPL and the EVM sidechain, maintaining inte…
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