Ripple Labs Inc. developers have initiated a meme token contest as part of their year-end community engagement efforts. The contest, named builtonXRPL Challenge, is hosted on RippleX, the open developer platform of the XRP Ledger. This initiative adds humor and creativity to the community, offering participants a chance to win a trip to the Apex Developer Summit.
The event encourages developers to showcase their projects by creating meme tokens featuring the builtonXRPL badge. RippleX actively supports the challenge by urging developers to submit their best meme tokens before the deadline. The call to action by Ripple Developers aims to conclude 2023 on a memorable note, emphasizing community spirit and solidarity.
While the meme token contest brings joy to the community, the underlying technology powering Ripple and the XRP Ledger has experienced significant growth and achievements throughout the year. On December 30th, the XRP Ledger reached an all-time high by processing 6.8 million transactions in a day, surpassing the previous record of approximately 5 million daily transactions set in November 2021 and highlighting the increasing adoption and scalability of the XRP Ledger.
November also marked a milestone with leading firm Bishop Fox conducting individual audits for both the XLS-38 bridge and the EVM sidechain on the XRP Ledger. Joel Schwartz, Chief Technology Officer at RippleX, shared insightful content about the future in the report “RippleX 2024: A Visionary Look into the Future of Blockchain.”
A particularly exciting development is the introduction of an Ethereum Virtual Machine (EVM) compatible sidechain, developed in collaboration with Ripple and Peersyst, which establishes a vital connection between the XRP Ledger and the Ethereum ecosystem. One of the key highlights is the upcoming inter-chain bridge amendment for the XRP Ledger, expected to enter the voting process in 2024. This amendment represents a significant step forward in interoperability and collaboration within the blockchain space.