The XRPL EVM Sidechain’s rapid adoption could fuel increased demand for XRP, positioning XRP currency as a key player in the expanding ecosystem. Growth
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XRPL EVM Sidechain Hits Key Milestones With Over 17,000 Users and 160 Tokens
In line with the XRP Ledger (XRPL) EVM Sidechain officially going live on the mainnet, as reported earlier in July by Crypto News Flash (CNF), this marks the foundation to extend the ecosystems capabilities without changing its fundamentals. The XRPL EVM Sidechain, live since June 30, has swiftly gained traction. Launch-day activity included 800+ contracts deployed and 600+ accounts created.
Earlier today, RippleX reports that the sidechain supports 1,300 smart contracts, 17,000+ unique addresses, and 160 tokens launched—demonstrating rapid early growth. Furthermore, as stated in a tweet, developed with Cosmos SDK and CometBFT, it delivers 3–5 second block times, handles over 1,000 TPS, and charges sub‑$0.01 gas fees—all while using XRP as native gas.
Since launch, core infrastructure is live, bridging is operational, and foundational apps are emerging as daily usage continues.
Here, toward the end of this article, the growing user base and token ecosystem suggest that the sidechain is fostering innovation and adoption. Specifically, it has the potential to position XRPL as a competitive player in the markets.
Implications for XRPs Market Price
So far, the growth of the XRPL EVM Sidechain could have a direct impact on the market price of XRP, the native token of both XRPL and the sidechain. As previously highlighted by the CNF post, XRPL-proposed XLS-56d to enable developers to batch up to 8 actions into a single atomic transaction under a single fee and signature, and new improvements. Together with this milestones, could further increasing XRPs utility and liquidity.
According to report analyses, as XRP is used to pay for gas fees on the network, an increase in users and transaction volume—driven by the sidechains 17,000+ users and 160+ tokens—may heighten demand for XRP, potentially boosting its value.
It is important however, to note that all of the exist external factors such as broader cryptocurrency market conditions, regulatory developments, and the sidechain‘s ability to address any technical or security challenges will also influence XRP’s price trajectory.
As of now, XRP is trading at $3.15 USD, reflecting a increase over the past day and over the past week. However, while the sidechains milestones present a bullish case for XRP, its market performance depends on ecosystem-specific progress and macroeconomic trends.
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