Ripple's XRP Ledger Shifts Focus to DeFi Growth

Ripple's efforts to revamp its XRP Ledger ecosystem have gained momentum with the introduction of the XRPL EVM sidechain. This new infrastructure enables seamless interactions between the XRP mainnet and Ethereum's Solidity ecosystem, allowing for greater interoperability and scalability.

The XRPL EVM sidechain has also facilitated the creation of native yield through mXRP, a liquid staking token that provides access to DeFi infrastructure via Axelar. This development is expected to increase liquidity and enable investors to earn returns while holding XRP.