The XRP Ledger’s new EVM sidechain allows developers to deploy Ethereum-based applications, improving transaction speeds and costs. It connects with more than 6 million XRPL wallets and is supported by partners like Band Protocol and Wormhole, enhancing DeFi functionalities.
David Schwartz, CTO of Ripple, highlighted the sidechain’s potential to capture increasing institutional demand for decentralized finance, promising a secure environment for innovative applications.
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