XRP associated ecosystem's issued coin projects

I. Core Native Projects on the XRPL

1. Evernode (EVR)

• Functionality: Provides customized Layer 2 solutions to enhance XRPL scalability and support complex smart contract deployment.
• Token Performance: Over 3x price increase in the past month, with rapid market cap growth reflecting strong demand for XRPL scaling.
• Technical Highlights: Implements sharding for high throughput and integrates with XRPL’s native AMM functionality.

2. Sologenic (SOLO)

• Functionality: Decentralized tokenization ecosystem enabling on-chain trading of traditional assets like stocks and ETFs.
• Token Performance: 500%+ monthly surge, $190M+ market cap, becoming a liquidity hub in XRPL.
• Partnerships: Collaborates with brokers for compliant RWA (Real-World Asset) tokenization.

3. Xahau Network (XAH)

• Functionality: EVM-compatible smart contract sidechain expanding XRPL’s programmability.
• Token Performance: 80% initial surge, ~$80M market cap, driven by long-term technical upgrades.
• Cross-Chain: Uses Axelar for XRP/eXRP conversion, with eXRP as gas fees.

4. XRP Healthcare (XRPH)

• Functionality: First healthcare-focused token for decentralized drug traceability and payments.
• Tokenomics: Fixed supply with rewards for medical data contributors; compliant framework outlined.
• Use Case: Facilitates B2B settlements for healthcare providers and combats counterfeit drugs via XRPL DEX.

II. Cross-Chain & Infrastructure Projects

5. Evmos (EVMOS)

• Functionality: XRPL EVM sidechain provider built on Cosmos SDK.
• Token Performance: 198% monthly rise, $19.14M market cap, boosted by Ripple’s technical collaboration.
• Interoperability: Enables XRPL-Ethereum compatibility via evmOS, attracting developer migration.

6. Axelar (AXL)

• Functionality: XRPL’s cross-chain bridge for seamless asset transfers.
• Token Performance: 44% monthly gain, $853M market cap, leading cross-chain protocol.
• Integration: Enables XRP conversions to multi-chain assets, lowering DeFi entry barriers.

7. Coreum (CORE)

• Functionality: Official XRPL bridge for multi-chain liquidity.
• Architecture: Uses IBC protocol to connect XRPL with Cosmos ecosystems.
• Token Utility: Staking for governance and cross-chain fee revenue.

III. Financial & Derivative Protocols

8. Band Protocol (BAND)

• Functionality: Primary oracle for XRPL DeFi, providing off-chain data feeds.
• Market Position: 30% monthly growth, $120M market cap, underpinning XRPL DeFi infrastructure.
• Adoption: Powers Sologenic’s RWA pricing with real-time data.

9. OpenEden TBILL

• Functionality: Tokenized U.S. Treasuries, backed by Ripple’s $10M investment.
• Mechanism: 1 TBILL = $1 treasury bond, KYC/AML-compliant, ~4.5% annual yield.
• Significance: First Moody’s A-rated on-chain treasury product, attracting institutional capital.

IV. Ecosystem Expansion Projects

10. Stellar (XLM)

• Background: Founded by Ripple co-founder Jed McCaleb, focused on cross-border payments.
• Token Performance: Top 30 market cap, complementary competition with XRP.
• Tech Contrast: Uses Federated Byzantine Agreement for inclusive finance vs. XRPL’s institutional focus.

11. The Root Network

• Functionality: Metaverse infrastructure for XRPL asset utilization in virtual environments.
• Token Model: Plans XRP rewards for validators to enhance engagement.
• Vision: Bridges XRPL and EVM chains for NFT/metaverse interoperability.

V. Ripple-Official Projects

12. Ripple Stablecoin (RLUSD)

• Progress: Approved by the New York State Department of Financial Services (NYDFS), launching December 2024 with 1:1 USD backing.
• Integration: Deployed on XRPL and Ethereum; Bitstamp and Uphold as launch partners.
• Strategy: Expands XRP’s payment use cases amid SEC scrutiny and institutional adoption.

VI. Market Trends & Challenges

• Growth Drivers: XRPL EVM sidechain (2025) and RLUSD launch likely to boost ecosystem activity.
• Risks: Regulatory uncertainty (e.g., SEC lawsuit) and XRP centralization (top 100 wallets hold 60%+ supply).

Summary

The XRP ecosystem spans payments, DeFi, cross-chain, RWA, and vertical applications. Native projects like Evernode and Sologenic demonstrate strong momentum, while RLUSD and TBILL signify expansion into regulated finance. EVM compatibility and institutional-grade products may drive the next growth phase.