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The XRP Ledger’s EVM-compatible sidechain has seen rapid developer adoption, with over 1,400 smart contracts deployed within its first week. Despite strong contract activity, user adoption remains modest, signaling early-stage growth. The network’s low fees and high throughput position it as a promising alternative for DeFi builders.
- Over 1,400 smart contracts deployed on XRPL EVM sidechain within the first week, signaling strong developer interest.
- Network processes 1.12 million blocks with 5.66-second average block time and near-zero congestion.
- Average transaction fee is just 0.048 XRP, positioning it as a low-cost alternative for DeFi projects.
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Other Tags: Blockchain, DeFi, Ethereum Virtual Machine (EVM)