Evernode (EVR)
CryptoScore Pro global score : 46/100 (computed on 2026-10-29)
Evernode is a Layer 2 smart contract platform built on the XRP Ledger (XRPL), designed to extend the functionality of XRPL by enabling decentralized, scalable, and cost-efficient execution of smart contracts. Unlike traditional Layer 1 blockchains that rely on native smart contract capabilities, Evernode leverages the XRPL’s established infrastructure—known for its speed, low transaction costs, and energy efficiency—to provide a secondary layer optimized for complex computational tasks. This positioning targets developers seeking to deploy decentralized applications (dApps) without the congestion and high fees associated with Ethereum or other Layer 1 networks, while also appealing to enterprises and financial institutions already integrated with XRPL’s payment-focused ecosystem. By bridging the gap between XRPL’s payment utility and the growing demand for programmable blockchain solutions, Evernode aims to unlock new use cases, from decentralized finance (DeFi) to tokenized assets, while maintaining compatibility with XRPL’s existing tooling and liquidity pools. Technologically, Evernode operates as a sidechain to the XRP Ledger, utilizing a unique architecture that combines the…
Scores by pillar
| Technology | 34/100 |
|---|---|
| Tokenomics | 61/100 |
| Team | 49/100 |
| Adoption | 48/100 |
| Liquidity | 31/100 |
| Compliance | 62/100 |
Market data
| Price | $0.09075 |
|---|---|
| Market cap | $6.56M |
| 24h volume | $347.75 |
| Market cap rank | #1587 |
| 24h change | -1.68% |
| 7d change | +0.5% |
| Blockchain | XRP Ledger |
| Sector | Layer 2 |
Analysis
The Evernode protocol addresses the lack of native programmability of the XRP Ledger. It deploys a sidechain, a linked side chain, to execute smart contracts. This system uses a modified version of Hooks to offer increased scalability. The token is used to execute smart contracts and deploy decentralized applications.