The XRP Ledger has scored a fresh victory as one of its ecosystem tokens has recently entered the top 100 cryptocurrencies by market capitalization. This achievement signals growing traction for assets built on the XRPL network, boosting confidence among investors and developers alike.

Evernode’s Evers Token Breaks into the Spotlight

Evernode, a layer-2 smart contract platform operating on the XRP Ledger, announced that its native token — EVERS — has now secured a position among the top 100 tokens in the cryptocurrency market. This milestone follows the token’s recent rise in daily trading volume and an increase in community engagement.

The EVERS token, often affectionately dubbed “XRP’s little brother” by its enthusiasts, reached this benchmark just before marking its 100th day in circulation. The platform expressed pride in the organic growth driven by its community — highlighting that no venture capital deals, airdrops, or pay-to-play listings were involved in reaching this level of adoption.

What Is Evernode and EVERS?

Evernode is designed to be the smart contract layer for the XRP Ledger, enabling decentralized applications (dApps) to run in a flexible environment not inherently supported by the base layer of XRPL. The project leverages the Hooks amendment feature, enabling complex programmability on the XRPL platform.

Its native token, EVERS, is used to govern the ecosystem and fuel smart contract operations running on the Evernode infrastructure. As a layer-2 solution, it enhances the XRP Ledger’s capabilities by allowing dApp developers to deploy smart contracts without compromising on speed or decentralization.

Organic Growth and Future Prospects

Unlike many blockchain projects that rely heavily on venture capital or marketing campaigns, Evernode emphasizes its grassroots approach to network expansion. The credibility earned from this organic growth strategy is likely one reason why EVERS has managed to gain this market recognition without external financial backing.

The developers have also signaled that future updates will include further decentralization and interoperability enhancements, aiming to solidify the network’s long-term viability and competitiveness in the crowded smart contract space.

Caption: Blockchain innovations like Evernode highlight how decentralized smart contracts can expand beyond traditional payment systems.

Why This Matters for XRP and the XRPL Ecosystem

As the XRPL ecosystem continues to evolve, the success of EVERS demonstrates the potential for scalable, utility-driven projects to foster ecosystem-wide growth. The XRP Ledger, known for its speed and reliability in payments, now shows promise as a foundation for Web3 applications through second-layer platforms like Evernode.

This development also reflects a broader trend of altcoins branching into layer-2 ecosystems to unlock advanced functionalities — a narrative that could bring more attention and value to XRP itself in the long run.

Related: XRP Price: $12M Max Pain for Bears

For regular updates on Evernode’s progress and future developments, refer to their official communication at https://x.com/EvernodeXRPL.