Cross-border payment innovator Ripple has unveiled plans to integrate Ethereum Virtual Machine (EVM)-compatible smart contracts into the XRP Ledger (XRPL), marking a significant leap toward interoperability and developer accessibility.
Key Developments
- EVM-Compatible Sidechain: Ripple’s new sidechain, developed with blockchain firm Peersyst, will enable seamless cross-chain transfers between XRPL and Ethereum.
- Axelar’s Cross-Chain Role: The Axelar network will bridge the sidechain to 55+ blockchains, enhancing liquidity and functionality.
- Community Collaboration: Ripple invites DeFi developers to shape the design and use cases of these smart contracts.
How the Integration Works
Sidechain Architecture:
- Built to support Solidity (Ethereum’s programming language).
- Uses Wrapped XRP (eXRP) as the native token for cross-chain transactions.
Axelar’s Infrastructure:
- Provides secure crypto-bridging for assets like BTC, ETH, and USDC to flow into XRPL.
Mainnet Potential:
- Ripple is researching mainnet smart contracts, though no timeline is confirmed.
Community Response
While some celebrate the technical advancement, others express skepticism:
"I’ve heard it all before. Show me real-world utility or price action that changes my life."
— @guyontheearth (XRP Community)
👉 Explore how XRP’s interoperability could reshape DeFi
FAQs
Q1: When will the EVM sidechain launch?
A: Expected within months—exact date TBA.
Q2: Can existing Ethereum dApps migrate to XRPL?
A: Yes! Developers can port Solidity-based dApps with minimal adjustments.
Q3: How does Axelar improve XRPL’s utility?
A: By connecting it to major blockchains (e.g., Polygon, Avalanche), enabling multi-chain liquidity.
Q4: What’s the current XRP price?
A: $0.56 (12% monthly rise), buoyed by Ripple’s SEC settlement.
👉 Why interoperability matters for XRP’s future
This upgrade positions XRPL as a viable Ethereum alternative, merging Ripple’s payment efficiency with EVM’s developer ecosystem. Watch for updates as Ripple navigates regulatory and technical hurdles.