Ripple's CTO David Schwartz believes that the launch of the XRPL EVM Sidechain, which supports Ethereum-compatible applications, could enhance experimentation within the XRP Ledger ecosystem and attract more developers. With only 168 developers currently in the XRPL ecosystem compared to thousands in Ethereum and Solana, Schwartz acknowledges that Ripple has work to do in increasing developer engagement. He emphasized a desire for experimentation, even acknowledging that not all Ethereum-based applications are successful. The newly launched sidechain enables developers to utilize smart contracts and build applications using XRP as the native token, providing opportunities similar to those on Ethereum. The goal is to foster more innovative projects within the XRPL, which could also benefit the cryptocurrency's liquidity and usage in cross-border payments, following a positive outlook on XRP’s market potential from analyst Geoff Kendrick.

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