- The XRPL EVM Sidechain has recorded more than 1 300 smart contracts and 17 000 addresses since its 16 July launch.
- Total value locked flows mainly through bridged RWAs and stablecoins including USDf, mMEV, mEDGE and mTBILL.
The XRPL EVM Sidechain, launched on 16 July, now releases initial on‑chain data. RippleX indicates that over 800 smart contracts were deployed and more than 600 accounts opened in the first 24 hours. Cumulative figures have since climbed to 1 300 + contracts, 17 000 + participating addresses and 160 token listings. Activity is visible across transfers, swaps and minting events, suggesting an early user base that extends beyond purely speculative contract deployments.
1/ Momentum is building on the XRPL EVM Sidechain. 🧵👇
Early activity was concentrated around launch day, which saw 800+ contracts deployed and 600+ new accounts created.Current stats:
➡️ 1,300+ smart contracts deployed
➡️ 17,000+ addresses participated
➡️ 160+ tokens launched pic.twitter.com/EbCIG1ZSpB— RippleX (@RippleXDev) July 16, 2025
Early metrics point to network growth
Smart contract creation has followed a predictable post‑launch curve in which day‑one spikes give way to steadier hourly issuance. Despite the moderation, average gas usage remains above levels seen on comparable EVM sidechains during their first week. The token mix is led by RWAs and short‑duration stablecoins that rely on Ethereum collateral, reflecting demand for lower settlement latency without abandoning the ERC‑20 standard. Over 70 percent of contracts reference existing Ethereum assets, easing the migration of liquidity providers that already manage collateral in the L1 ecosystem.
Infrastructure and liquidity composition
Axelar supplies the cross‑chain messaging layer that underpins asset transfers between Ethereum, the XRP Ledger and the new sidechain. Squid Router offers a route‑agnostic front end, allowing users to bridge or swap without manual chain selection. Band Protocol feeds high‑frequency price data into emerging decentralised applications, while Moai Finance opens pools for newly issued tokens. Strobe Finance debuts lending and borrowing in testnet and Gas.zip handles low‑friction transfers aimed at enterprise wallets.
Wallet support is expanding. MetaMask detects the sidechain through a one‑click network add, Keplr extends its multichain kit and Leap Wallet incorporates swap, stake and earn functions. D’Cent enables hardware custody for users who require additional signing security. Developer documentation is live at xrplevm.org and an official Discord channel aggregates bug reports alongside integration proposals.
Initial total value locked is concentrated in USDf, mMEV, mEDGE and mTBILL that track US Treasury bills, short‑term money market exposure and staking yield. Because these tokens enter via bridge contracts, the sidechain inherits the compliance frameworks already applied to their Ethereum equivalents. Whether the network can diversify beyond bridged collateral will depend on the pace at which native applications generate on‑chain cash flows and attract non‑pegged assets.
