The EVM sidechain project has recently unveiled a new devnet (v2) version. 
The EVM sidechain will go live once the XLS-38d bridge change receives approval on the mainnet. 
For an extended period, the blockchain software company Perrsyst has collaborated with Ripple to develop a sidechain compatible with Ethereum. Last year in October, both firms successfully launched the initial phase of an Ethereum Virtual Machine (EVM) sidechain on the XRPL devnet, which operates on the XRP Ledger (XRPL).
This significant achievement gave developers access to the XRPL’s functionalities and the ability to deploy Solidity-based smart contracts on the XRPL platform. Additionally, it established a connection between an EVM-compatible chain and the XRPL devnet. The XRP-based sidechain, built specifically for the Tendermint protocol, exhibited an impressive processing capacity of 1,000 transactions per second (TPS).
Moving Into The Second Phase: Ripple and Peersyst’s Ongoing Collaboration
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