Original author: flowie, ChainCatcher
Original editor: Nian Qing, ChainCatcher
The situation of speculating on new products instead of old ones is reversing. The old public chain Ripples XRP continues to soar, with an increase of more than 360% in the past month. Todays market value has surpassed USDT and SOL to become the third largest cryptocurrency. In addition, XRPs market value has also surpassed Pinduoduo, China Life and Citi, rising to the 138th place in global asset rankings.
According to the RootData popularity trend, the popularity of tokens of projects related to the XRP ecosystem is rising rapidly. ChainCatcher has made a brief inventory of projects related to the XRP ecosystem.
XRP Ledger (XRPL) Ecosystem Project
XRP Ledger (XRPL) is a public chain launched by Ripple in 2012. In the past two years, Ripple has been actively exploring the development of the XRPL ecosystem.
Ripple has expanded the programmability of the XRP ledger this year and plans to launch the XRPL EVM sidechain in 2025 to further expand and build Ripples ecosystem.
Ripples upcoming stablecoin RLUSD was also beta tested on the XRPL chain this year. In addition, Ripple expanded its cooperation with the British crypto trading platform Archax this year, planning to introduce hundreds of millions of dollars of tokenized real-world assets to XRPL in the next year, aiming to make XRPL one of the leading blockchains for RWA tokenization.
According to RootData statistics, there are currently 10 projects in the XRPL ecosystem, and 6 of them, Evernode, Sologenic, Kaiju, Heirloom, Trustline, and Thallo, are only on the XRPL chain.
Among them, Evernode, Sologenic and Xahau Network have already issued tokens. In the past month, the token prices of Evernode and Sologenic have tripled and more than quintupled respectively.
1. Evernode (EVR) — Customized Layer 2
Founded in 2021, Evernode is a permissionless, decentralized Layer 2 network purpose-built for hosting ultra-flexible, ultra-scalable dApps that act as customized mini-blockchains (“AppChains”) that enable developers to build and scale in the language, functionality, geography of their choice, without having to invent their own consensus mechanism.
Evernodes token EVR was launched in February this year. As of press time, the price of EVR is temporarily reported at US$0.2952, up 18% in 24 hours and 336% in the past month. The market value is US$7.38 million and the FDV has reached US$21 million.
2. Sologenic (SOLO) — Tokenized Ecosystem
Sologenic is a tokenized ecosystem that helps users invest, trade, and tokenize on-demand assets such as stocks, ETFs, and fiat currencies on top of the XRP Ledger.
As of press time, the price of Sologenic token SOLO is temporarily reported at US$0.5858, up 8.5% in 24 hours and 509% in the past month. The market value is US$232 million and the FDV is US$232 million.
3. Xahau Network (XAH) — Programmable Smart Blockchain
Xahau Network is a smart blockchain with account-based programmability. Xahau introduces IOU token custody and PayChannels as unique features, enhancing transaction flexibility and security. Hooks are native smart contracts on the Xahau network.
As of press time, the price of Xahau Network token XAH is temporarily reported at US$0.1159, up more than 80% in the past month, and the FDV is US$68.89 million.
XRP Ledger (XRPL) Technical Partner
4. Coreum (COREUM) — Launching the XRPL cross-chain bridge
Coreum was launched by the Sologenic Development Foundation on December 20, 2021. It is a Layer 1 blockchain built on Tendermint Core BFT. In March of this year, Coreum launched an upgraded XRPL bridge, allowing users to seamlessly transfer XRP to Coreum, the Cosmos ecosystem, and dozens of networks built on the Ethereum Virtual Machine.
As of press time, Coreums token COREUM is currently priced at $0.3186, up 19% in 24 hours and 423% in the past month, with a market value of $123 million and an FDV of $174 million.
5. Evmos / Tharsis Labs (EVMOS) — XRPL sidechain technology provider
In May of this year, Ripple and Evmos have cooperated to develop the XRP Ledger EVM sidechain, which will be built using evmOS technology. evmOS is a modular and customizable technology stack provided by Evmos, leveraging Cosmos SDK, IBC and CometBFT to bring EVM compatibility to Web3 enterprises.
As of press time, the price of Evmos token EVMOS is temporarily reported at US$0.03, up 5% in 24 hours and up 198% in just one day, with a market value of US$19.14 million and FDV of US$32.64 million.
6. Axelar (AXL) — XRPL sidechain exclusive cross-chain protocol
In June of this year, XRP Ledger announced the upcoming launch of a sidechain called XRPL EVM sidechain. Ripple and the XRP community are committed to bringing new programmability to the XRPL development ecosystem through the XRPL EVM sidechain (already in progress) in 2025, including smart contracts, and exploring native functions on the XRPL mainnet.
Axelar will be the exclusive cross-chain protocol. Axelar will enable users to convert XRP into wrapped XRP (eXRP), which will be used as the native token for gas fees on the sidechain.
As of press time, the price of AXL tokens is $0.99, up 44% in the past month. AXL’s market value is $853 million and FDV is $1.17 billion.
7. Band Protocol (BAND) — XRPL Oracle Provider
Band Protocol is a cross-chain data oracle platform that aims to build a high-quality suite of web3 development products. At the end of 2023, Band announced that it would provide oracle price feed services for the XRP Ledger mainnet and its EVM sidechain.
As of press time, the price of BAND token is temporarily reported at US$1.8, up 76% in the past month, with a market value of US$289 million and an FDV of US$289 million.
other
8. Stellar (XLM) — Another payment network co-founded by Ripple
Stellars founder, Jed McCaleb, was also a co-founder of Ripple. In 2013, due to disagreements over the companys proposed direction, Jed McCaleb left Ripple to found the payment platform Stellar.
Stellar token XLM and XRP prices are often highly correlated. As of press time, the price of XLM token is temporarily reported at $0.5482, up 9% in 24 hours and more than 490% in the past month, with a market value of $16.05 billion and a FDV of $27.43 billion.
9. The Root Network (ROOT) / Futureverse — The Metaverse Network associated with XRPL
The Root Network is a decentralized blockchain network optimized for metaverse applications, games, and experiences. Futureverse, the developer of The Root Network, received $54 million in July 2023, led by 10 T Holdings and participated by Ripple.
Futureverse adopts the XRPL NFT standard, uses XRP as the Gas token on its Root network, and integrates with the XRPL DEX to provide network liquidity.
As of press time, the price of The Root Network token ROOT is temporarily reported at US$0.0433, up 160% in the past month, with a market value of US$62.63 million and an FDV of US$51.95 million.
