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Roughly two weeks after launch, Ripple’s Ethereum-compatible sidechain shows signs of fading on-chain engagement, especially when compared to the surge seen on day one.

As of July 14, over 1,300 smart contracts have been deployed on the XRPL EVM via infrastructure provider Peersyst. The network has processed more than 17,000 transactions and facilitated over 1,500 XRP transfers, per data from the XRPL EVM explorer.

More than 120 tokens have also been issued, and bridged assets include stablecoins from multiple protocols, as well as real-world asset (RWA) tokens from Midas and Falcon Stable, DWF Labs’ synthetic stablecoin that depegged in early July amid concerns over collateral and yield.

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