$XRP Ledger #Ethereum Sidechain Targets Developer Growth, According to Ripple CTO


#Ripple CTO David Schwartz believes the #XRPL EVM Sidechain could attract more developers to the ecosystem through increased experimentation opportunities.


The #Ethereum-compatible network launched in June, supporting smart contracts while using $XRP as its native token.


Schwartz acknowledged that $XRP Ledger's developer count of 168 significantly trails $ETH’s 8,500 and $SOL’s 4,000 developers.


The sidechain enables developers familiar with Solidity programming language to build applications within the #XRPL ecosystem.


Standard Chartered analyst Geoff Kendrick previously identified the small developer base as a key headwind for $XRP despite setting a $5.50 year-end target.


The network currently holds $94,000 in DeFi applications according to DefiLlama, with Moai Finance being the most popular decentralized exchange.


Ripple plans to encourage adoption through grants, community funding, and driving institutional adoption across the platform.


The sidechain unlocks new possibilities for lending, tokenization applications, and access to XRPL's deep liquidity pools.


Despite the quiet start, Schwartz emphasized that experimentation within blockchain ecosystems generally benefits long-term development.


The initiative represents Ripple's effort to expand $XRP Ledger into a multi-chain era with enhanced programmability features.

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August 07, 2025 at 9:55 PM
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