What is the XRPL EVM?
Overview: The XRPL EVM Sidechain
The XRPL EVM Sidechain just launched, here’s everything you need to know.
Background
The XRPL EVM Sidechain brings EVM compatibility to the XRPL ecosystem, unlocking liquidity across chains and allowing both users and developers to use XRP in ways never possible before now.
The XRPL ecosystem is the home to native dApps that stretch across DeFi, SocialFi, NFTs, and a community of members that understand the technical depths of XRPL to such a degree they can name each XLS. Check out the following article to learn more about XRPL: What is the XRP Ledger (XRPL)?
The XRPL EVM Sidechain
The XRPL EVM Sidechain, built by Peersyst, enables access to global liquidity, and the opportunity for builders and users to expand their presence across XRPL and beyond.
DeFi protocols like Vertex and Strobe, alongside infrastructure and liquidity providers such as Moai Finance, and Securd, are deploying on the XRPL EVM Sidechain.
XRP: The official token of XRPL
XRP now serves as the native gas token for all applications on the XRPL EVM Sidechain. Since the XRPL EVM Sidechain is compatible with other chains, major assets like USDC and WETH are able to flow in from Ethereum and other ecosystems. This means more liquidity and more opportunities.
Explore the XRPL EVM Sidechain with Squid
Squid is the official access point to the XRPL ecosystem. Squid is decentralized, non-custodial, and secure. You can use Squid to buy and swap crypto across XRPL and the XRPL EVM Sidechain, from over 80 chains.
- Bridge directly to XRPL EVM Sidechain: app.squidrouter.com/xrpl-evm
- Swap across XRPL and the XRPL EVM Sidechain: app.squidrouter.com/xrpl-xrpl-evm