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Crypto Prune > News > XRP is the native currency of the new Ripple compatible network with Ethereum
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XRP is the native currency of the new Ripple compatible network with Ethereum

8 months ago 3 Min Read

On June 30, 2025, Ripple, along with Peersyst Technology Company, announced the launch of the main XRPL EVM Sidechain network, marking the end of the testing period that began on March 31st. Test Net (Test Network).

At the time of this article, according to Explorer.xrplevm.org, XRPLEVM Sidechain The process is blocked every 5.7 seconds Record transaction commissions averaged $0.01.

ESA Side chainAlso, there are already 50 integrated applications. This includes some for distributed finance (DEFI), gaming and educational applications.

Regarding the amount of transactions and accounts running on this new network, these data have not yet been updated in Block Explorer until June 30th. Side chain.

The source information shows that until June 29th (still in testing), the sidechain has registered a total of 8,500 transactions and contains 449 addresses, but There were only 24 active accounts June 29th.

Token XRP, on the other hand, acts as a native token for paying transaction rates with new chains and this Side chain Includes a bridge for connecting to XRPL Through Axlar, we promote asset transfer between both networks.

Networks that promise to join two ecosystems: Ethereum and XRP

As previously explained, the XRPL EVM Sidechain is an independent sidechain of the XRP Ledger (XRPL) network and is compatible with Ethereum Virtual Machine (EVM). Its implementation is intended to establish Interoperability Frames between Ecosystems Ethereum and xrpl.

XRPL EVM Sidechain creates a facilitating environment for XRPL collaborators to view applications that allow them to interact with Ethereum. The Ripplex team is an initiative to promote tools for XRPL developers.

See also  Tether disabled $32 million in wallets

By providing compatibility with EVM, you can use Wallet Metamask and Hardhat, open source tools designed for the creation and management of native Ethereum programming languages, Solidity, and Intelligent Contracts. These contracts are supported directly through EVM for programs that automatically execute operations.

Ripple’s announcement added that developers can now start writing applications when they use it the last stop Grove Public is a platform that provides tools, infrastructure and services to facilitate the development of XRPL EVM Sidechain.

Finally, XRPL EVM Sidechain uses a Proof of Authority Consensus Algorithm (POA) with “25 Validators” more than “25 Enablers,” according to Ripplex, but unlike that diagram, Explorer lists six active voters.

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