Ripple Prepares to Launch XRPL EVM, Let's Learn More

Bittime - In the ever-evolving world of blockchain, interoperability and scalability are becoming important factors in technology adoption. 

One of the latest developments is the launch of the XRPL EVM testnet, an Ethereum Virtual Machine (EVM) sidechain compatible with the XRP Ledger (XRPL). 

The project was developed by Peersyst Technology in collaboration with RippleX, Axelar Network, and Common Prefix to bring Ethereum smart contract capabilities into the XRPL ecosystem.

XRPL EVM Sidechain Officially Launches on Testnet

Peersyst Technology recently announced the launch of its XRPL EVM sidechain on its testnet, marking an important milestone towards its mainnet debut. 

To facilitate engagement, the team has launched a new website, xrplevm.org, where developers can connect the EVM testnet to MetaMask. 

Additionally, users can earn test tokens via the integrated faucet or through the Discord community. One of the key developments is a Squid Router-based bridge, which enables seamless cross-chain transfers between XRPL and EVM sidechains.

What is XRPL EVM?

XRPL EVM is an EVM-based sidechain developed on top of the XRP Ledger. With this technology, XRPL can support smart contracts based on Solidity, the programming language used in the Ethereum ecosystem. 

It allows developers to use popular Ethereum tools such as MetaMask, Truffle, and Remix to build decentralized applications (dApps) on the XRP network.

Also read: XRP Price Prediction 2 April 2025: Today's Trend Analysis

How Does XRPL EVM Work?

XRPL EVM is built using Cosmos SDK and supported by Evmos. The system uses a Proof-of-Authority (PoA) consensus model that offers low latency and high performance without compromising XRPL security. With PoA, trusted validators are responsible for verifying transactions, which ensures the network remains efficient and secure.

Additionally, this sidechain leverages the Axelar Network to enable inter-blockchain transfer of assets and messages. XRP moved from the main ledger will serve as the native currency on the sidechain, allowing users to easily transact within the XRPL and EVM ecosystem.

Key Features of XRPL EVM

1. Ethereum compatibility - Supports Solidity smart contracts and Ethereum developer tools.
2. High Performance - Transaction finalization time is less than four seconds with lower fees than Ethereum.
3. Blockchain Interoperability - Enables transfer of assets and data between XRPL, EVM sidechains and other networks via Axelar Network.
4. Asset Bridge (Bridge) - Users can transfer tokens between XRPL and EVM using Squid Router.

Benefits and Potential of XRPL EVM

With XRPL EVM, XRP Ledger becomes not only a fast and cheap payment platform, but also an ecosystem that supports smart contracts and Web3 applications. This opens up new opportunities for the development of DeFi, NFTs and broader cross-chain payment solutions.

Also read: Ripple Collaborates with Cipher Cash, This is the Goal!

Next Steps for XRPL EVM

Peersyst Technology and its partners have hinted at further updates, including new validator partnerships and infrastructure improvements. 

This testnet launch is just the beginning, with a mainnet launch expected in the near future. Developers are encouraged to migrate their projects from Devnet to Testnet to take advantage of the latest features and test their applications in a production environment.

With the XRPL EVM sidechain now live on testnet, the XRPL ecosystem will become even more dynamic, bridging the gap between Ethereum and XRP Ledger, and opening a new wave of blockchain innovation.

Conclusion

XRPL EVM is a big step in connecting the worlds of Ethereum and XRP Ledger. With its advanced features, developers can build and test projects more easily, while users can enjoy lower transaction fees and faster speeds. 

With the mainnet now launched, the future of blockchain interoperability is getting brighter.

FAQ 

What is XRPL EVM?

XRPL EVM is an Ethereum Virtual Machine (EVM) compatible sidechain that allows Ethereum-based smart contracts to run on the XRP Ledger (XRPL). 

What is the difference between XRP and XRPL?

• XRP is a digital asset used for fast, low-fee transactions on the XRP Ledger network.
• XRPL (XRP Ledger) is a decentralized blockchain network that enables digital asset transactions, including XRP. XRPL also supports features such as cross-border payments, asset tokenization, and now, with XRPL EVM, Ethereum-based smart contracts.

What does XRP do?

XRP functions as a fast and efficient means of payment with low transaction fees. Some of its main functions include:

• Cross-border payments: Used by financial institutions for fast global transactions.
• On-demand liquidity: XRP can be used as a bridge asset in currency exchange.
• Low transaction fees: Compared to other blockchain networks, XRP transactions are cheaper and faster.
• DeFi and NFT Ecosystem: With the presence of XRPL EVM, XRP can be used in smart contract-based DeFi and NFT applications.

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Reference

Jake Simmons, Ripple And Allies Launch XRP Ledger EVM Sidechain On Testnet, accessed April 2, 2025

Author: SD