Core Insights - XRP has transitioned from regulatory uncertainty to institutional and technical legitimacy, leading to a busy year for the ecosystem with numerous global events [1][2] - The resolution of Ripple's legal battle with the SEC has opened doors for institutional capital access and accelerated network development [3] - The launch of spot XRP exchange-traded funds (ETFs) has introduced significant institutional liquidity and mainstream acceptance, classifying XRP as a recognized asset class [4] Industry Developments - The XRP Ledger (XRPL) has hosted 19 events globally in 2023, reflecting community enthusiasm and success [2] - The launch of the Ethereum Virtual Machine (EVM) sidechain in the first half of 2025 has significantly enhanced XRPL's utility [5] - The immediate developer demand post-EVM launch resulted in nearly 1,400 smart contracts deployed in the first week, with total value locked (TVL) reaching an all-time high of $120 million [6]