Crucial importance of XRPL EVM sidechain unveiled by Peersyst Technology
While the move to integrate an EVM sidechain for the XRP Ledger is important and highly welcome by the community, it is not a unique push as more Layer 1 solutions have been making related moves in the past few months.the Filecoin Virtual Machine , its EVM sidechain equivalent. The idea behind these protocols launching EVM compatibility is so that they can tap into the deep liquidity resident on the Ethereum blockchain network as they develop their own native decentralized finance ecosystem.
Besides XRP Ledger and Filecoin, EOS is also one of the protocols that has made this move in recent times.
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