It introduces Ripple, TAC, Interchain Labs, and EVM, Defi, and Multichain interoperability breakthroughs, highlighting Cosmos as a home to sovereign and interoperable infrastructure
Cannes, France – June 30, 2025 – Sovereign EVM Day, an event hosted by Cosmos and Interop Ventures, gathered Cannes’ more than 18 ecosystem teams for a round day of presentations, technical diving and cross-ecosystem panels. At the summit, industry leader Ripple (XRPL Chain) announced the release of an EVM compatible sidechain built on the Cosmos stack, powering the native failure layer of XRP. TAC has delved deeper into the upcoming Telegram and Ton EVM chains, bringing 1 billion Telegram users to EVM. Stride has detailed the upcoming IBC Eureka-equipped Dex, bringing a cross-chain obstacle. Other participants included Starknet, Polygon, Babylon, Pantera, and Anoma/Namada.
To launch the summit, Interchain Lab co-CEOS Barry Plunkett and Maghnus Mareneck discussed the growth roadmap for the Cosmos Ecosystem, highlighting the debut of Cosmos EVM. Cosmos EVM offers developers unparalleled flexibility and control up to core chain logic. Open both the Layer 1 blockchain and EVM dap doors and launch a sovereign and interoperable infrastructure tailored to your needs. This stack, combined with the recent IBC upgrades that will connect Ethereum and soon L2 and Solana to Cosmos, will set Cosmos to be the epicenter of financial assets, RWAs, institutions and multichine apps.
In his keynote address, Ripple Director Luke Judges and Peersyst CEO and Founder Ferran Torres announced the launch of the mainnet for XPL EVM Sidechain. Built on the Cosmos SDK, Sidechain opens the door to the wave of XRPL’s consumer applications and financial services, marking a major milestone for Ripple as it poses native obstacles to the 127B+ XRP ecosystem. Over 6 million XRP users now have access to XRP, EVM, and COSMOS applications via the native IBC interoperability protocol.
“We’re committed to providing a range of services to our customers,” said Barry Plunkett, co-CEO of Interchain Labs.From telegrams to XRP, millions of people will quickly access Cosmos in the world of EVM and multichine. Sovereign EVM Day has solidified the blockchain internet as a reality today. We are coming together and connecting the ecosystem to interblock communication protocols to bring new opportunities to build at the intersections of all chains. There are new opportunities out there to connect everything. Programming cross-chain interactions to create new kinds of defi, previously impossible. Bring all productive assets into a common, interoperable space that users can easily access. We are proud to support our projects building the next generation of blockchain. ”
The Stride Labs team highlighted the evolution of the IBC flywheel with the Stride Dex, a milestone in Cosmos Native debt. Backed by Interchain Foundation, DEX enables multi-chin swap and provides a deep layer of fluidity powered by IBC Eureka. Stride is an example of all the visions of connections that attempt to abstract a multichine experience, enabling high-performance, programmable defi in the cross-chain world. One-click routing through hubs, not only hundreds of chains connected by IBC and Ethereum, but also Solana, Bitcoin and more quickly interact with native assets.
TAC co-founder Marco Monaco has announced the soon-to-be release TAC blockchain. The EVM app layer is an extension of the TON and Telegram ecosystems. Natively supported by this ecosystem, TAC brings Defi applications via EVM to over 1 billion users of Telegram, allowing you to access the app without leaving your Telegram or your wallet. This unlocks an ecosystem of apps that TON previously could not be, connecting to hundreds of chains and Ethereum through IBC.
The Sovereign EVM, held at Hotel Bell Plage in Cannes on June 30th, is the first event in the Sovereign Series. This is a global collection curated set dedicated to exploring the true potential of Web3 at every chain intersection.
Follow @Cosmos on X for more information on future events and updates.
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About Cosmos: Cosmos is the Internet of Blockchain, an interoperable network that is a sovereign ecosystem built using the Cosmos SDK and connected through the IBC. COSMOS allows developers to launch scalable, modular apps that can interact with the broader Web3 ecosystem. For more information, visit cosmos.network and follow @cosmos.
About Interop Ventures: Interop Ventures is a paper-driven investment company that supports early stage teams building an interchain economy. Focusing on modular infrastructure and sovereign blockchain innovation, Interop supports projects that advance the principles of decentralization, scalability and complexity. For more information, see interop.ventures and @interopvc.
contact:
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interchain@wachsman.com
