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XRP Ledger EVM Sidechain Hits Nearly 1,400 Contracts in Week 1

2025-07-08 12:03:39

XRP Ledger EVM Sidechain Hits Nearly 1,400 Contracts in Week 1

Main Idea

Recent integrations with Wormhole and Axelar have enhanced XRP Ledger's (XRPL) cross-chain capabilities, boosting liquidity and developer interest in its EVM sidechain, which combines Ethereum compatibility with XRP's efficiency.

Key Points

1. XRPL's integrations with Wormhole and Axelar have unlocked cross-chain development, injecting over $100M in daily liquidity and accelerating its role in the multichain ecosystem.

2. The XRPL EVM sidechain is experiencing surging demand due to its ability to support Ethereum-based dApps while leveraging XRP's speed, low fees, and native DEX support.

3. Developers can now use popular Ethereum tools like MetaMask and Hardhat on XRPL's EVM sidechain, benefiting from its Tendermint consensus and Cosmos SDK framework.

4. Mercado Bitcoin plans to tokenize $200M in real-world assets (RWAs) on XRPL, highlighting its growing adoption for tokenization and programmable finance.

5. Market analyst Lingrid notes XRP is forming higher lows above $2.24 support, with potential to rally toward $2.42–2.45, reflecting increased demand and confidence.

Description

Recent XRP Ledger integrations with Wormhole and Axelar have unlocked cross-chain development and injected over $100M in daily liquidity, accelerating XRPL’s role in the multichain ecosystem. Why is the Demand for XRPL EVM Sidechain Skyrocketing Citing the explosion of smart contracts on XRPL EVM Sidechain, technologist Paul Barron acknowledged that this trend was being witnessed because developer demand was going through the roof. He added that the launch enables developers to build, port, and ...

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