XRP bull run incoming? XRPL’s Evernode hits stride with Mainnet launch - CryptoCrazeNews

XRP bull run incoming? XRPL’s Evernode hits stride with Mainnet launch

XRP bull run incoming? XRPL’s Evernode hits stride with Mainnet launch

XRP bull run incoming? XRPL’s Evernode hits stride with Mainnet launch

Evernode, the eagerly awaited layer-2 protocol on the XRP Ledger (XRPL), has recently celebrated a triumphant mainnet launch, overcoming a few delays. In the aftermath of its debut, Evernode has quickly garnered attention, boasting over 38,000 addresses now connected to the protocol via the Xahau Network. The network is buzzing with activity, hosting a total of 686 hosts, and rewarding them with a substantial sum of 237,000 EVR (Evernode’s native token).

The launch of Evernode

The success lies its smart contract platform, intricately designed to enhance the capabilities of the XRP Ledger. Leveraging Hooks for smart contract functionality, the protocol saw an impressive uptake, with a staggering 16 million EVR addresses claimed in the initial live use of Hooks.

This major milestone comes in when Ripple Labs is locked up in a regulatory with the US SEC. However, it is expected that this milestone will help the XRP price to gain momentum. XRP price is down by 7% in the last 30 days.

Evernode’s quick rise is partly because they shared their tokens with many people through a big event called an airdrop. By reserving a portion of its token supply for XRP holders, Evernode initiated an early distributed adoption scheme, catapulting it into the limelight. The way people got excited about Evernode giving out free tokens and how easily it works with XRP Ledger makes Evernode a strong player in the crowded space of improving how XRP works.

How does the future look?

Facing competition from established protocols like Arbitrum (ARB) and Polygon (MATIC), Evernode sets itself apart not only through its innovative technology but also through the strength of its community. Recognized for its unwavering loyalty, Evernode’s community played a pivotal role in the protocol’s early success, particularly with the mega airdrop that echoed similar strategies employed by key competitors in the market.

In the future, Evernode plans to grab a big piece of the pie in the busy layer-2 world. Evernode has some cool things going for it, like strong support from its community and the ability to smoothly work with other clever protocols. These factors set it up for long-term success. “The impressive response to Evernode’s launch underscores the enthusiasm within the XRP community for groundbreaking protocols. We are thrilled to witness over 38,000 addresses actively participating in the network within just 48 hours,” remarked a spokesperson for Evernode.

The post-mainnet launch success signifies a new chapter in the evolution of layer-2 solutions on the XRP Ledger. Though facing tough competition from other crypto players, it is on a promising journey.

Leave a Reply

Your email address will not be published. Required fields are marked *