- Main event: XRP Ledger expands with EVM support for DeFi.
- Ripple collaborates with Axelar, Peersyst to enable this launch.
- New DeFi capabilities elevate XRP and ecosystem viability.
The new EVM-compatible sidechain signifies a substantial development for Ripple and the broader XRPL ecosystem. This launch allows the deployment of Ethereum-based decentralized applications (dApps) and cross-chain financial interactions.
The collaboration between Ripple and partners Axelar and Peersyst catalyzed this launch, bringing together leading figures in blockchain technology. The introduction of Ethereum-compatible smart contracts is a strategic move for Ripple and the XRPL community.
This development is poised to impact the market significantly by enhancing cross-chain liquidity and potentially boosting XRP’s usage as a gas token. These changes could stimulate higher Total Value Locked (TVL) in DeFi protocols.
Integration of assets like USDC and ERC-20 tokens enhances liquidity and trading flexibility, creating new opportunities for XRPL. The platform’s growing interoperability ensures broad market engagement.
Historical trends from similar events, such as the Avalanche C-Chain launch, suggest potential increases in cross-chain DeFi activity. Ripple’s strategic partnerships position it favorably for further industry-influencing developments.
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 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.” — Brad Garlinghouse, CEO, Ripple
The inclusion of multichain functionality through Wormhole further extends XRPL’s capabilities, promising increased versatility and investment potential.
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