XRP Surges: Exploring 9 Key Projects in the XRPL Ecosystem

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The narrative in the crypto space is shifting — old guard assets are making a powerful comeback. XRP, one of the earliest digital assets, has seen explosive growth, with its price surging over 360% in the past month. It has now overtaken major cryptocurrencies like USDT and SOL, securing its place as the third-largest cryptocurrency by market cap. Remarkably, XRP’s valuation has even surpassed well-established traditional assets such as Pinduoduo, China Life Insurance, and Citigroup, ranking it 138th among global assets.

This resurgence isn’t isolated. As XRP gains momentum, so does interest in its underlying ecosystem — the XRP Ledger (XRPL). According to data from RootData, project token热度 (popularity) within the XRPL ecosystem is rising rapidly. With Ripple actively expanding XRPL’s utility through enhanced programmability, an upcoming EVM sidechain in 2025, and plans for real-world asset (RWA) tokenization, the foundation for long-term growth is being laid.

Let’s dive into nine key projects shaping the future of the XRPL ecosystem.

The XRP Ledger (XRPL): A Foundation for Innovation

Launched in 2012, the XRP Ledger (XRPL) was one of the first public blockchains designed for fast, low-cost transactions. In recent years, Ripple has been aggressively evolving XRPL beyond payments into a full-fledged decentralized platform.

In 2024, Ripple introduced new smart contract capabilities via Hooks on the Xahau testnet and announced plans to launch the XRPL EVM Sidechain in 2025, enabling Ethereum-compatible dApps. Additionally, Ripple’s upcoming stablecoin RLUSD underwent beta testing on XRPL, signaling deeper financial infrastructure development.

Ripple also partnered with Archax, a UK-based digital securities platform, to bring hundreds of millions in tokenized real-world assets to XRPL — positioning it as a leader in the RWA revolution.

Currently, there are 10 active projects in the XRPL ecosystem, six of which operate exclusively on XRPL. Among them, three have already launched native tokens and are seeing significant market traction.

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1. Evernode (EVR) — Customizable Layer-2 Infrastructure

Founded in 2021, Evernode is a permissionless, decentralized Layer-2 network built specifically for hosting highly scalable dApps. These dApps function as “AppChains” — mini-blockchains tailored to developers’ needs in terms of programming language, features, or geographic compliance — without requiring custom consensus mechanisms.

This modular approach lowers entry barriers for Web3 builders while leveraging XRPL’s speed and efficiency.

EVR’s strong performance reflects growing confidence in XRPL’s developer ecosystem.

2. Sologenic (SOLO) — Tokenization Powerhouse

Sologenic is a tokenization ecosystem that enables users to invest in, trade, and tokenize real-world assets like stocks, ETFs, and fiat currencies directly on the XRP Ledger.

By bridging traditional finance with blockchain, Sologenic offers instant settlement, reduced counterparty risk, and global accessibility — all powered by XRPL’s sub-second transaction finality.

SOLO’s near-5x monthly surge highlights strong demand for compliant, asset-backed tokenization platforms.

3. Xahau Network (XAH) — Smart Contracts on XRPL

Xahau Network is a scalable, energy-efficient sidechain of XRPL that introduces advanced programmability through Hooks — native smart contracts on XRPL-compatible chains.

Unique features include:

These innovations expand use cases beyond payments into DeFi, gaming, and identity systems.

Xahau serves as a testing ground for future XRPL upgrades, including the mainnet rollout of Hooks.

Strategic Technology Partners Expanding XRPL’s Reach

While native projects drive innovation within XRPL, strategic partnerships are extending its interoperability and functionality across ecosystems.

4. Coreum (COREUM) — Cross-Chain Bridge to Cosmos

Developed by the Sologenic Foundation, Coreum is a Layer-1 blockchain built on Tendermint BFT consensus. In March 2024, it launched an upgraded cross-chain bridge connecting XRPL to Cosmos and EVM-based networks.

This allows seamless transfer of XRP and other assets into broader DeFi ecosystems like Osmosis and Ethereum L2s.

Coreum enhances XRPL’s liquidity reach and positions it at the heart of cross-chain finance.

5. Evmos (EVMOS) — Enabling XRPL EVM Compatibility

In May 2024, Ripple partnered with Evmos, a leading EVM-on-Cosmos chain, to develop the XRPL EVM Sidechain using evmOS — a modular stack based on Cosmos SDK, IBC, and CometBFT.

This collaboration brings full Ethereum compatibility to XRPL developers, enabling them to deploy Solidity-based dApps with access to XRPL’s fast finality and low fees.

Evmos plays a critical technical role in bridging Web2 enterprises with Web3 via XRPL.

6. Axelar (AXL) — Exclusive Cross-Chain Messaging Protocol

Announced in June 2024, Axelar will serve as the exclusive cross-chain interoperability layer for the upcoming XRPL EVM Sidechain.

Axelar enables secure message passing between blockchains. For XRPL, this means users can wrap XRP as eXRP to pay gas fees on the EVM sidechain — unlocking seamless multi-chain experiences.

As a top-tier interoperability protocol, Axelar strengthens XRPL’s integration into the broader Cosmos and Ethereum ecosystems.

7. Band Protocol (BAND) — Oracle Infrastructure Provider

Reliable data feeds are essential for DeFi applications. Band Protocol, a cross-chain oracle platform, provides real-time price feeds to both the XRPL mainnet and its upcoming EVM sidechain.

This ensures accurate valuations for trading, lending, and synthetic assets built on XRPL.

Band’s integration solidifies XRPL’s readiness for institutional-grade financial applications.

Broader Ecosystem Connections

Beyond direct integrations, several projects maintain strong conceptual or historical ties to Ripple and XRPL.

8. Stellar (XLM) — Co-Founded by Ripple’s Jed McCaleb

Stellar (XLM) was founded by Jed McCaleb, who also co-founded Ripple. Though they diverged in 2013 due to differing visions, both networks share similar goals: enabling fast, low-cost cross-border payments.

As a result, XLM often moves in tandem with XRP in price action.

The parallel surge underscores renewed investor interest in payment-focused blockchains.

9. The Root Network (ROOT) / Futureverse — XRPL-Powered Metaverse

The Root Network, developed by Futureverse, is a blockchain optimized for metaverse experiences, gaming, and digital identity. Backed by a $54M raise in 2023 — with participation from Ripple — it leverages key XRPL technologies:

This deep technical alignment makes Root a strategic extension of the XRPL ecosystem into immersive digital worlds.

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Frequently Asked Questions (FAQ)

Q: What is driving XRP's recent price surge?
A: Multiple factors: growing adoption of XRPL for real-world asset tokenization, Ripple's ongoing legal clarity with the SEC, and anticipation around the 2025 EVM sidechain launch.

Q: Is XRP Ledger fully decentralized?
A: While historically criticized for centralization, recent efforts like Hooks governance proposals and community-run validators aim to increase decentralization over time.

Q: Can you build DeFi apps on XRPL today?
A: Yes — especially on sidechains like Xahau and through bridges to EVM-compatible chains via Coreum or Axelar.

Q: How does XRPL compare to Ethereum or Solana?
A: XRPL excels in speed (<4s finality) and cost (<$0.01 per tx), making it ideal for payments and micropayments. It lacks native smart contracts on mainnet but is rapidly closing that gap via sidechains.

Q: Are these listed tokens available on major exchanges?
A: SOLO, XLM, BAND, AXL, and COREUM are listed on several top-tier platforms; smaller caps like EVR and ROOT may be found on tier-two exchanges.

Q: What risks should investors consider?
A: Regulatory uncertainty around XRP remains; smaller ecosystem tokens carry higher volatility and lower liquidity.

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Core Keywords:

XRP, XRPL ecosystem, Ripple, XRP Ledger, EVM sidechain, real-world assets, tokenization, DeFi

The revival of XRP is more than just a price rally — it signals renewed confidence in a mature blockchain evolving into a next-generation financial infrastructure. With robust partnerships, expanding developer tools, and increasing institutional interest, the XRPL ecosystem is poised for sustained growth through 2025 and beyond.