Mon Jun 30 19:30:00 UTC 2025: Okay, here’s a news article summarizing the text:

**Ripple Launches Ethereum Virtual Machine Sidechain on XRP Ledger, Boosting Interoperability**

**San Francisco, CA –** Ripple has officially launched an Ethereum Virtual Machine (EVM) sidechain on the XRP Ledger (XRPL) mainnet, a move designed to dramatically improve interoperability and attract Ethereum developers to the XRP ecosystem. The new sidechain allows developers to deploy their existing Ethereum-based decentralized applications (dApps) on the XRPL while maintaining a link to the main ledger.

According to Ripple, this development offers developers access to the XRPL’s established infrastructure at a lower cost, eliminating the need to choose between EVM compatibility and the inherent advantages of the XRPL, particularly its fast transaction speeds and low fees. The sidechain effectively allows dApps to leverage XRP’s robust payments infrastructure.

“The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency,” said David Schwartz, Ripple’s CTO and co-creator of the XRPL, in a blog post. “It extends the capabilities of the ecosystem without changing the fundamentals that make the XRPL reliable.”

The sidechain functions as a separate, parallel blockchain connected to the XRPL via the Axelar bridge, an interoperability protocol. It allows developers to tap into the XRPL’s network of over 6 million wallet holders. Ripple also plans to integrate with Wormhole, another interoperability protocol, to further broaden access to the XRPL ecosystem.

This launch is seen as a significant step towards expanding the XRPL’s functionality and appealing to a wider range of developers, potentially fostering new innovation within the XRP ecosystem.

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