• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Ripple Execs Confirm XRPL EVM Sidechain Mainnet Launch Slated for Q2 2025

June 12, 2025
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Ripple Execs Confirm XRPL EVM Sidechain Mainnet Launch Slated for Q2 2025
0
SHARES
0
VIEWS
ShareShareShareShareShare
  • Ripple will launch an EVM-compatible sidechain for XRPL by end of Q2, enabling Ethereum-based smart contracts and DeFi apps directly on its Layer 1 infrastructure.
  • The launch coincides with Ripple’s ongoing SEC case, which may face delays if the agency fails to report the $50M settlement to the Appeal Court by June 16

Ripple Labs is preparing to launch an Ethereum-compatible sidechain for the XRP Ledger by the end of Q2.

The announcement was made on the opening day of XRPL Apex 2025 in Singapore, a three-day gathering centered on development within the XRP ecosystem. Ripple’s product lead Jaazi Cooper and CTO David Schwartz confirmed the sidechain rollout is imminent.

The timing overlaps with Ripple’s ongoing legal conflict with the U.S. Securities and Exchange Commission. The agency has until June 16 to report the company’s US$50M (AU$76M) settlement to the Appeal Court. If no filing is made, the process will stall for at least two more months.

Related: Ripple CEO Denies Reported US$4–$5B Circle Acquisition Amid IPO Plans

Ripple’s New EVM Chain

The new chain is designed to support Ethereum-based applications via full EVM compatibility, allowing developers to deploy smart contracts and DeFi tools on infrastructure linked to XRPL. According to validator Peersyst Technology, the sidechain already involves 87 entities, including DeFi protocols, oracles, wallets, and block explorers. Most had no prior connection to XRP.

It’s being built using the evmOS framework and is designed to combine Ethereum’s contract capabilities with XRPL’s lower-cost transaction infrastructure. While Flare Network already provides an EVM layer for XRPL interaction, Ripple’s approach gives the base ledger its own dedicated EVM execution environment.

Wrapped XRP will function as the native gas token, allowing the token to move across chains while preserving its role at the center of the ecosystem.

Related: Ripple Labs Boosts Australian Blockchain Research with Fresh $5M Injection

XRP is currently trading at US$2.27 (AU$3.49), a slight decrease of 1.6% during the day session. However, its value has plummeted over 10% in the last 30 days, according to data from CoinGecko.

XRP/USDT. Source: TradingView.

Credit: Source link

ShareTweetSendPinShare
Previous Post

XRP Could Hit $73, Says Research Firm In Bullish Outlook

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You might also like

Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC

June 5, 2025
Nvidia Plans to add Innovation in the Metaverse with Software, Marketplace Deals

AI Elevates Artistry at NVIDIA GTC Paris with Innovative Creations

June 5, 2025
Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising Miner Activity

Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising Miner Activity

June 7, 2025
Swiss-based Crypto Firms Selects Tezos for Tokenizing Finance Products

Tezos Activates Data Availability Layer to Boost Scaling Efforts

June 6, 2025
Dogecoin Must Hold This Support Or Risk Crashing To $0.015

Bitcoin Cycle Top Is In—$270,000 Delayed Until 2026, Says Analyst

June 6, 2025
Bitcoin Faces $100k as Trump-Musk Spat Turns Ugly and HODLers Take Profit

Bitcoin Faces $100k as Trump-Musk Spat Turns Ugly and HODLers Take Profit

June 6, 2025
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Ripple Execs Confirm XRPL EVM Sidechain Mainnet Launch Slated for Q2 2025

Ripple Execs Confirm XRPL EVM Sidechain Mainnet Launch Slated for Q2 2025

June 12, 2025
Dogecoin Must Hold This Support Or Risk Crashing To $0.015

XRP Could Hit $73, Says Research Firm In Bullish Outlook

June 12, 2025

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Heart NumberHeart Number(HTN)$0.000000-30.47%
  • TadpoleTadpole(TAD)$0.000000-1.76%
  • SEENSEEN(SEEN)$0.000000-2.27%
  • EvedoEvedo(EVED)$0.000000-0.80%
  • MarginswapMarginswap(MFI)$0.000000-2.17%
  • SakeTokenSakeToken(SAKE)$0.0000004.37%
  • WTF TokenWTF Token(WTF)$0.0000000.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.000000-5.83%
  • RobotinaRobotina(ROX)$0.00000038.50%
  • CageCage(C4G3)$0.000000-3.67%