Ah, Ripple Labs, the great purveyor of blockchain wizardry. They’ve been overseeing the XRP Ledger (XRPL) like a high-tech overlord. And guess what? They’re about to launch an Ethereum Virtual Machine (EVM)-compatible sidechain. Yes, you heard it right—before this quarter comes to a close. How timely, right? ✨
The grand announcement took place at the XRPL Apex event in Singapore. Oh, joy! It’s a three-day summit (June 10-12) where developers, researchers, innovators, and crypto enthusiasts gather to bask in the glory of blockchain technology. Feel the excitement? Or is it just me? 😅
So, When Does the Magic Happen? Q2, Apparently
The big names—Jaazi Cooper, Ripple’s Director of Product Management, and the tech sorcerer David Schwartz, Ripple’s CTO—broke the news on the first day of the event. How could they not? It’s the talk of the blockchain town. 🏙️
Now, get this—according to Peersyst Technology, an XRPL validator, the EVM sidechain boasts 87 entities. And yes, these include DeFi applications, oracles, and other mysterious tech like indexers. I mean, it’s a party—except the guests have never even met XRP. Curious, right?
The chain’s testnet, which has been running since March 31, has been growing like a weed in a developer’s garden. And guess what? They called on all developers to migrate their projects. It’s almost as if they’re saying, “Come on in, the blockchain water’s fine!” 🌊
And Now, The XRPL Ecosystem Expands (Again!)
Once the sidechain goes live—oh, the excitement that will follow! Every new partner, application, and entity will become part of the XRP family. Peersyst has declared that the XRPL EVM is the ultimate tool for attracting the largest influx of users and projects. Talk about a crowd puller! 🎉
And when the sidechain launches, developers and network participants will be able to run Ethereum-based decentralized applications and smart contracts on the XRPL. It’s like giving XRP a brand new suit—it fits perfectly and brings more demand for the network. Who doesn’t love a good upgrade? 😏
“Exciting times ahead for XRPL EVM – and this is just the beginning,” said Unity Nodes, a proud contributor to the EVM sidechain. Oh, how they wish this was just the beginning.
But wait, the plot thickens. A date looms large: June 16, the deadline for Ripple Labs to report their $50 million settlement agreement with the U.S. SEC. If they don’t? Well, the case will be delayed for another two months. Tick-tock, tick-tock. ⏳
In the meantime, XRP has made a miraculous comeback from its lawsuit-induced price plunge. It’s up by more than 370% in a year. Yes, you read that right—a 370% rise. Maybe there’s something to this crypto magic after all… 🤑
Read More
2025-06-11 12:38