Ethereum

Axelar

DeFi

<ul class="news-points">
 <li><strong>Ripple introduces XRPL EVM Sidechain for enhanced blockchain interoperability.</strong></li>
 <li><strong>Axelar bridge enables seamless asset transfer between XRPL and EVM Sidechain.</strong></li>
 <li><strong>XRP price rose 2.34% following Ripple’s latest technological advancements.</strong></li>
</ul>
<p>Ripple Labs, the company behind the XRP cryptocurrency, has announced a significant step towards greater blockchain interoperability with the unveiling of the XRPL EVM Sidechain, a new solution designed to bridge the XRP Ledger (XRPL) with the Ethereum Virtual Machine (EVM).</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ Introducing the XRPL EVM Sidechain: We're excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA. <a href="https://t.co/lenc4Bl9TZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/lenc4Bl9TZ</a></p>— RippleX <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;">#XRPLApex (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1800808048027701355?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This development is expected to unlock new opportunities for developers in real-world asset (RWA) tokenization and decentralized finance (DeFi).</p>
<p>Facilitating this integration is the XRPL EVM Sidechain Bridge, which will utilize wrapped XRP (eXRP) as both the native asset and gas token. This bridge ensures seamless asset transfers between the XRPL and the EVM sidechain, maintaining inte…</p>
<p>The post <a href="https://coinedition.com/xrp-ledger-gets-ethereum-boost-ripple-launches-new-sidechain/" rel="noopener noreferrer nofollow">XRP Ledger Gets Ethereum Boost: Ripple Launches New Sidechain</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

XRP Ledger Gets Ethereum Boost: Ripple Launches New Sidechain

Coin Edition

Other articles published on Jun 12, 2024

Binance Set to Ignite Altseason with Low-Midcap Listings: Watch Out for Babylon (BBL), Initia (IN...

DWF Labs to Acquire $12M in FLOKI from Project Treasury and Open Market

Space and Time Releases Sub-Second ZK Prover under Open Software License

Tron Investors Drive TRX Price Increase

BloFin Exchange Enhances Compliance and Security with Chainalysis

BREAKING: Terraform Labs Settled with SEC in Terra-SEC Case! Here are the Details

Join our free newsletter for daily crypto updates!