XRP Ledger EVM Sidechain Launches with 1,400 Smart Contracts in its First Week

• 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 op…

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