Ripple has announced a significant shift in plans for the XRPL EVM Sidechain, opting to move away from the XLS38D bridge originally planned to the Axelar bridge.
The XRPL EVM Sidechain is set to launch later this year, aligning with Ripple’s preparations for its much-anticipated debut. In a recent press release, Ripple revealed that the pivot to Axelar, in partnership with Peersyst, is scheduled for later in the year.
The decision to switch to Axelar was made due to the increasing need for a more efficient and robust bridge solution. Ripple’s team highlighted the industry’s trend towards multi-chain ecosystems as a driving force behind this transition.
During the XRPL Apex summit, Ripple CTO David Schwartz emphasized this development. Peersyst has committed to swiftly executing this transition to ensure the timely launch of the EVM Sidechain post-Axelar Network integration.
While XLS38D was initially considered for the XRPL EVM Sidechain, its complex token transfer process presented significant challenges. By focusing exclusively on Axelar, Ripple aims to streamline operations and address these complexities. Ripple plans to monitor the adoption and engagement with XLS38D over the next year, taking community feedback into account.
The introduction of the XRPL EVM Sidechain presents exciting opportunities for developers in DeFi and real-world asset tokenization. This initiative is intended to improve the functionality and accessibility of the XRP Ledger (XRPL).
According to the press release, integrating the XRPL EVM Sidechain with the mainnet will involve using a bridge with wrapped XRP (eXRP) as the primary asset and gas token. This bridge is designed to enable seamless interoperability and optimize transaction processing between XRPL and the EVM Sidechain.
The XRPL EVM Sidechain will rely solely on Axelar as the bridge for acquiring eXRP from XRPL. Axelar will also facilitate the bridging of other tokens between XRPL and over 55 blockchains in its ecosystem. The decentralized architecture of Axelar’s bridge, overseen by a robust network of validators, ensures a secure and reliable infrastructure.
Peersyst CEO Ferran Prat highlighted Axelar’s readiness and compatibility in integrating eXRP into the XRPL EVM Sidechain. Currently, the Peersyst team is working on transitioning the primary bridge to Axelar for the devnet.
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