- XRP Ledger EVM sidechain sees 1,399 smart contracts in one week after launching.
- Axelar reports over $100 million in daily cross-chain volume involving XRPL.
- 25 independent companies are operating validator nodes on the new sidechain.
The newly launched XRP Ledger (XRPL) EVM sidechain has seen a surge of early adoption, with developers deploying nearly 1,400 smart contracts in its first week online.
The successful launch, which went live on June 30, brings full Ethereum compatibility to the XRP ecosystem for the first time.
XRPL EVM Sidechain’s Strong Start
On-chain data shows that the sidechain recorded 1.115 million blocks and 17,938 transactions during its first week. It also saw 1,606 XRP transfers, 128 new tokens issued, and 65 smart contracts verified.
Related: Mercado Bitcoin to Bring $200M in Tokenized Assets to the XRP Ledger
Peersyst Technology, which led the development of the sidechain, called the early numbers a sign of apparent developer demand. “The need for smart contracts on XRP is crystal clear,” the company stated.
Notably, the XRPL EVM sidechain went live on June 30. At launch, 25 independent companies were already operating validator nodes, a strong indicator of institutional participation in XRPL’s expanding ecosystem.
Cross-Chain Support Boosts Liquidity
Axelar Network, which helps connect the XRPL with other blockchains, also records more than $100 million in daily cross-chain transactions. This influx highlights increased liquidity flowing into the XRP ecosystem following the EVM launch.
Notably, developers can now port existing Ethereum-based dApps to the XRP sidechain using Solidity, benefiting from faster settlement times and lower fees. The sidechain also supports token issuance and verified contracts, making it more attractive for DeFi and Web3 projects.
XRP Ledger Connected to 35+ Chains
On June 26, RippleX announced an integration between the XRP Ledger and Wormhole, a cross-chain protocol that connects over 35 blockchain networks, including Ethereum and Solana.
Used by institutions such as BlackRock and Apollo, Wormhole adds another layer of interoperability to the XRP ecosystem by enabling token and message transfers across different chains.
The Wormhole integration connects both the XRPL mainnet and the EVM sidechain to a broader blockchain landscape. XRP, Issued Assets (IOUs), and Multi-Purpose Tokens (MPTs) can now move across multiple chains.
This enhances interoperability for over 6 million XRPL users, enabling developers to build multichain applications, including DeFi tools, payment solutions, and tokenized real-world assets.
Related: XRP Ledger Sets New Record with 5.1 Million Transactions in 24 Hours
Wormhole has supported over 200 applications and processed $60 billion in volume since 2020, strengthening XRPL’s role in the growing multichain economy.
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