🚨 $XRP EVM Sidechain TVL Breaks $105 Million! 🚨

🔥 Key Progress:

The first EVM-compatible sidechain in the XRP ecosystem has surpassed a TVL of 100 million, marking Ripple's ecosystem's acceleration in embracing the smart contract wave.

📊 Data Insights:

Compared to other EVM chains' data during the same period (such as early Arbitrum), the growth rate exceeded expectations by 300%. Major locked assets: wXRP, stablecoins, cross-chain assets.

💡 Potential Impact:

✅ Attract more Solidity developers into the XRP ecosystem.

✅ Could catalyze XRP DeFi Summer (already 3 protocols with APY exceeding 800%).

⚠️ Risk Warning:

The new chain's audit has not been fully disclosed; be cautious of contract vulnerability risks. Currently, about 40% of the TVL consists of incentive mining funds, and sustainability remains to be observed.