What to know:
* The XRP Ledger’s EVM-compatible sidechain is apparently launching sometime between April and June. Mark your calendars, folks! ποΈ
* EVM compatibility? Sounds fancy. Apparently, it lets the blockchain support Ethereum-based apps and those brain-bending smart contracts. π€
* The testnet for this XRPL EVM sidechain thingy is, allegedly, growing rapidly. One can only hope it doesn’t grow *too* rapidly and become sentient. π€
So, here’s the scoop. This Decentralized Layer 1 blockchain XRP Ledger’s (or XRPL, as the cool kids call it) is getting a sidechain. And not just any sidechain, mind you, but one that’s compatible with the Ethereum Virtual Machine (EVM). This momentous news was delivered at the APEX 2025 conference in Singapore by none other than Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple’s chief technology officer. I imagine the excitement was palpable. Or maybe everyone was just jet-lagged. π€·
Now, EVM compatibility, as I understand it (and I use the term “understand” loosely), means this blockchain can run Ethereum-based decentralized applications and smart contracts without spontaneously combusting. A definite plus, I think you’ll agree. π₯
The XRPL EVM sidechain testnet β which, for the uninitiated, is like a playground for blockchain developers β went live earlier this year. And according to Peersyst Technologies, it’s booming. Exploding, even! (Okay, maybe not exploding.) π₯
According to Peersyst on X, “87 new entities β with no prior XRP involvement β are now contributing to the ecosystem: infrastructure, apps, and demand generation.” Which sounds impressive, even if I’m not entirely sure what “demand generation” entails. Perhaps they’re teaching robots to crave XRP? In any case, Peersyst boldly claims, “When mainnet goes live, all of it becomes part of the XRP ecosystem β possibly the biggest onboarding in XRP history.” Possibly. Or possibly not. Only time (and the fickle whims of the crypto market) will tell. β³
The upshot of all this? The EVM sidechain *might* allow users to generate yield through DeFi applications, such as liquidity pools, and smart contract interactions. In other words, you *might* make some money. Or you *might* lose it all. Such is the thrilling, terrifying world of cryptocurrency! π’
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2025-06-11 06:05