XRP big pump, inventory of 9 already launched coin projects associated with the ecosystem

2024-12-02 10:40:53

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Author: flowie, ChainCatcher

Editor: Nianqing, ChainCatcher

The situation of speculating on new things rather than old ones is reversing. The old-school public chain Ripple’s coin XRP continues to have a big pump, with a gain of over 360% in the past month. Today, its Market Cap has surpassed USDT and Sol to become the third largest Cryptocurrency. In addition, XRP’s Market Cap has also surpassed Pinduoduo, China Life, and Citigroup, rising to 138th place in the global asset rankings.

According to RootData’s heat trend, the popularity of projects related to the XRP ecosystem, such as Token, is rapidly increasing. ChainCatcher has made a brief inventory of projects related to the XRP ecosystem.

XRP Ledger (XRPL) ecosystem project

The XRP Ledger (XRPL) is a public chain launched by Ripple in 2012, and 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 the Ripple ecosystem.

Ripple’s upcoming stablecoin RLUSD has also undergone Beta testing on XRPL on-chain this year. In addition, Ripple has expanded its partnership with the UK encryption trading platform Archax this year, planning to introduce hundreds of millions of dollars of tokenized real-world assets into 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, with Evernode, Sologenic, Kaiju, Heirloom, Trustline, and Thallo being only on the XRPL single chain.

Among them, Evernode, Sologenic, and Xahau Network have already launched coins, and the token prices have increased by 3 times and more than 5 times in the past month respectively.

Evernode (EVR) - Customized Layer2

Evernode was founded in 2021 and is a permissionless, decentralized Layer 2 network specifically designed for hosting highly flexible and scalable dApps. These dApps act as customized mini-blockchains called ‘AppChains’, enabling developers to build and scale based on their chosen language, functionality, and geographic location without the need to invent their own Consensus Mechanism.

EvernodeTokenEVR was launched in February this year. As of the time of writing, the EVR price is temporarily reported at $0.2952, with a 24h pump of 18%, and a pump of 336% in the past month. The market capitalization is $7.38 million, and the FDV has reached $21 million.

Sologenic (SOLO) - Tokenization Ecosystem

Sologenic is a tokenization ecosystem that enables users to invest, trade, and tokenize assets such as stocks, ETFs, and Fiat Currency on the XRP Ledger.

As of press time, the price of Sologenic Token SOLO is temporarily reported as $0.5858, up 8.5% in the past 24 hours, and up 509% in the past month. The market capitalization is $232 million, and the FDV is $232 million.

Xahau Network (XAH) - Programmable Smart Blockchain

Xahau Network is an intelligent 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, Xahau Network TokenXAH is temporarily reported at $0.1159, pumping more than 80% in the past month, with a FDV of $68.89 million.

XRP Ledger （XRPL） technical partner

4, Coreum (COREUM) - launch XRPL cross-chain bridges

Coreum was launched by the Sologenic Development Foundation on December 20, 2021. It is a Layer1 blockchain built on the Tendermint core BFT. In March of this year, Coreum launched an upgraded version of the 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 the time of writing, CoreumTokenCOREUM is currently trading at $0.3186, up 19% in the last 24 hours and up 423% in the past month. The market capitalization is $123 million, and the FDV is $174 million.

Evmos / Tharsis Labs (EVMOS) - XRPLSidechain technology provider

In May of this year, Ripple partnered with Evmos 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, which uses Cosmos SDK, IBC, and CometBFT to bring EVM compatibility to Web3 enterprises.

As of the time of writing, the price of Evmos TokenEVMOS is currently at $0.03, up 5% in the past 24 hours, with a market capitalization of $19.14 million and FDV of $32.64 million.

Axelar (AXL) - Exclusive Cross-Chain Interaction Protocol for XRPL Sidechains

In June 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, including smart contracts, through the XRPL EVM sidechain (which is already underway) by 2025, and exploring native features on the XRPL Mainnet.

And use Axelar as the exclusive Cross-Chain Interactionprotocol. Axelar will enable users to convert XRP to wrapped XRP (eXRP) as the native Token for Gas fees on Sidechains.

As of press time, the price of the AXL token is $0.99, up 44% in the past month, with a market capitalization of $8.53 billion and FDV of $11.7 billion.

Band Protocol (BAND) - Main provider of XRPL Oracle Machine

Band Protocol is a Cross-Chain Interaction data Oracle Machine platform aimed at building high-quality web3 development product suites. At the end of 2023, Band announced the provision of Oracle Machine price feeding services for the XRP Ledger Mainnet and its EVM Sidechain.

As of press time, the BAND Token price is temporarily reported at $1.8, up 76% in the past month, with a market capitalization of $289 million and an FDV of $289 million.

Other

Stellar (XLM) - Another Payment Network co-founded by Ripple’s creators

Stellar’s founder Jed McCaleb was also a co-founder of Ripple. In 2013, due to disagreements over the proposed development direction of Ripple, Jed McCaleb left Ripple and founded the payment platform Stellar.

The price of StellarTokenXLM is often highly correlated with XRP. As of press time, the price of XLMToken is temporarily reported at $0.5482, up 9% in the past 24 hours, with a gain of over 490% in the past month. The market capitalization is $16.05 billion and the FDV is $27.43 billion.

9、The Root Network（ROOT）/Futureverse——associated metaverse network with XRPL

The Root Network is a decentralized blockchain network optimized for Metaverse applications, games, and experiences. The developer of The Root Network, Futureverse, received a $54 million investment led by 10T Holdings and participated by Ripple in July 2023.

Futureverse adopts the XRPL Non-fungible Token standard, using XRP as its Gas Token on the Root network, and integrates with the XRPL DEX to provide network Liquidity.

As of press time, The Root Network Token ROOT is currently trading at $0.0433, up 160% in the past month, with a market capitalization of $62.63 million and FDV of $51.95 million.

XRP12,5%

SOL2,98%

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