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XRP Ledger Launches EVM-Compatible Sidechain, Boosts DeFi

7/1/2025

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Story summary
  • The XRP Ledger (XRPL) introduced its EVM-compatible sidechain on June 30, 2025, enabling Ethereum-style smart contracts.
  • Developers can utilize Solidity and tools like MetaMask to create decentralized applications (dApps) efficiently.
  • The sidechain processes 1,000 transactions per second and connects to over 80 blockchains through the Axelar bridge.
  • This advancement boosts XRPL's DeFi capabilities, facilitating lending, tokenization, and cross-chain interactions, solidifying XRP's role in decentralized finance.