Ripple has successfully integrated the Ethereum Virtual Machine (EVM) capability on the XRP Ledger (XRPL), marking a significant milestone in the development of the XRP ecosystem ¹ ² ³ ⁴ ⁵.

Here are the key highlights of this development:

- *EVM Compatibility*: The integration of EVM on XRPL enables the deployment of Ethereum-based smart contracts directly on the XRP Ledger.

- *Interoperability*: This development allows for seamless interactions between the XRP Ledger and the Ethereum network, fostering greater interoperability and collaboration.

- *Permissionless EVM Sidechain*: The ultimate goal is to launch a permissionless EVM sidechain and bridge on the XRPL mainnet, enabling a wider range of functionalities.

- *Increased Liquidity*: The EVM sidechain is expected to increase liquidity and utility for the XRP Ledger, solidifying its position in cross-border payments and asset transfers.

- *Development Progress*: The project has completed its first and second phases, with the successful launch on the XRPL devnet and the introduction of a permissionless EVM sidechain with a unique bridge design connected to the XRPL devnet.

- *Mainnet Launch*: The launch on the mainnet is expected soon, marking the complete integration of the sidechain and opening doors for diverse functionalities on the XRP Ledger.

This integration is a significant achievement for Ripple and the XRP ecosystem, poised to enhance the capabilities of the XRP Ledger and promote greater collaboration between the XRP and Ethereum communities.