Ripple, through its development arm RippleX, unveiled two significant technological advancements for the XRP Ledger (XRPL). These developments involve the roll-out of a new version for the Ethereum Virtual Machine (EVM) sidechain in the devnet and updates to the XRPL’s Automated Market Maker (AMM) functionality. Both enhancements are pivotal in Ripple’s strategy to enhance the XRPL’s capabilities in cross-border payments and decentralized finance (DeFi).
Ripple And Peersyst Releases New EVM Bridge
The announcement of the EVM sidechain, a collaborative effort between Peersyst Technology and Ripple, marks a notable milestone in the XRPL’s evolution. Through a statement shared by Peersyst Technology via X (formerly Twitter), the companies highlighted the completion of a significant update for the EVM sidechain.
“Exciting milestone reached on the EVM Sidechain! We are very excited to release the new version of the bridge with a new scalable interface for future #XRPL
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