XRPL EVM Falters with Just $100,000 TVL, $3,000 Volume Despite Ripple’s Regulatory Wins

- XRPL EVM sidechain records just $100,818 in Total Value Locked post-launch. - Ripple's RLUSD stablecoin holds modest $642 million market cap. Ripple designed its XRPL EVM sidechain to integrate Ethereum smart contract functionality into the XRP Ledger, but since its launch, it has fallen short of expectations. Despite Ripple’s ambitious claims in June 2025, the sidechain has seen limited adoption. According to Cryptopolitan on August 10, 2025, its Total Value Locked (TVL) was a mere $100,818. Daily trading activity mirrors these underwhelming metrics, with the sidechain recording just $3,238 in trading volume concentrated entirely on Moai Finance, a single decentralized exchange. During the same 24-hour period, the sidechain’s other platforms—Riddle, XRiSE33 Network, and SurgeDefi—reported zero trading activity. In addition, developer engagement is minimal, as only 168 contributors are working on the XRPL EVM, a number that lags significantly behind Ethereum’s 8,448 active developers. Ripple’s stablecoin, RLUSD, faces similar hurdles. According to reports from August 2025, its market capitalization was approximately $642 million, giving it a modest market share compared to major competitors. Another report from the same period valued RLUSD at $527.62 million, which underscores its uncertain trajectory in the stablecoin market. These performance figures sharply contrast with Ripple’s recent regulatory victories. For instance, following extensive lobbying, Ripple helped pass the GENIUS Act on July 18, 2025, the first stablecoin-specific legislation in the U.S. Additionally, the company resolved its lengthy lawsuit with the SEC in August 2025 by paying a $125 million settlement. This resolution secured clarity on XRP’s legal status, confirming it is not a security in secondary market transactions, and lifted the “bad actor” stigma, allowing Ripple to raise private capital. Despite these legal and regulatory strides, the XRPL EVM sidechain and RLUSD stablecoin continue to struggle with low adoption. Therefore, these metrics signal a disconnect between Ripple’s achievements and the market’s reception of its blockchain solutions. According to CoinMarketCap, as of 15:16 UTC on August 10, Ripple USD (RLUSD) was trading at $1, reflecting a -0.001% change in 24-hour activity. Over the same period, XRP was priced at $3.199, a change of -2.7%.