The XRPL EVM sidechain, launched on June 30, has shown strong technical performance in its first week, yet faces challenges in user adoption.
Success of the Technical Infrastructure
In its first week of operation, 1,412 smart contracts were deployed, primarily consisting of DeFi experiments and protocol test deployments. Performance-wise, the network has processed 1.12 million blocks with an average block time of 5.66 seconds. Fees remain low, averaging 0.048 XRP per transaction.
Accessibility and Compatibility
The XRPL EVM sidechain also features multi-network architecture, supporting compatibility with Ethereum and Cosmos via bridges like Axelar and Wormhole. This facilitates dApp development and asset movement between ecosystems.
Challenges in User Adoption
Despite strong developer interest, the challenge lies in engaging real users. The network has faced low daily activity levels, requiring the development of more consumer-facing dApps and incentive structures to attract users.
For the XRPL EVM sidechain to continue its growth, it must focus on creating useful dApps and enhancing user experience to attract more active participants.
