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XRP Ledger's Ethereum-Compatible Sidechain to Go Live in Q2
The testnet for the XRPL EVM sidechain has shown rapid growth.
Updated Jun 11, 2025, 12:58 p.m. Published Jun 11, 2025, 2:43 a.m.
What to know:
- The XRP Ledger's EVM-compatible sidechain is set to launch in the second quarter, as announced at the APEX 2025 conference.
- EVM compatibility allows the blockchain to support Ethereum-based applications and smart contracts.
- The testnet for the XRPL EVM sidechain has shown rapid growth.
Decentralized Layer 1 blockchain XRP Ledger's (XRPL) sidechain that's compatible with the Ethereum Virtual Machine (EVM) is set to go live in the second quarter, Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple's chief technology officer said at the ongoing APEX 2025 conference in Singapore.
EVM compatibility refers to the ability of the blockchain to run Ethereum-based decentralized applications and smart contracts seamlessly.
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The XRPL EVM sidechain testnet went live early this year and is experiencing rapid growth, according to Peersyst Technologies.
"87 new entities – with no prior XRP involvement – are now contributing to the ecosystem: infrastructure, apps, and demand generation," Peersyst said on X. "When mainnet goes live, all of it becomes part of the XRP ecosystem – possibly the biggest onboarding in XRP history."
The EVM sidechain will allow users to potentially generate yield through DeFi applications, such as liquidity pools, and smart contract interactions.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Что нужно знать:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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