Hey there, meme coin enthusiasts! If you’ve been keeping an eye on the latest trends in the decentralized finance (DeFi) world, you’ve probably heard of DefiLlama, the go-to platform for tracking Total Value Locked (TVL) across various blockchain ecosystems. Well, they’ve just dropped some exciting news that’s got the crypto community buzzing! As of July 3, 2025, DefiLlama has started tracking Riddle, a meme token launchpad built specifically for the XRPL EVM ecosystem. Let’s dive into what this means and why it’s a big deal.

What’s Riddle All About?

Riddle is designed as a launchpad for meme tokens, which are cryptocurrency tokens often created for fun or community engagement, sometimes gaining massive popularity (think Dogecoin or Shiba Inu). What sets Riddle apart is its focus on the XRPL EVM—a sidechain of the XRP Ledger that brings Ethereum Virtual Machine (EVM) compatibility to the XRP ecosystem. This means developers can build and deploy Ethereum-style smart contracts on XRPL, combining the speed and low fees of XRP with the flexibility of EVM.

For those new to the term, a launchpad is like a springboard for new crypto projects. It helps meme tokens get off the ground by providing a platform for fundraising and community building. Riddle’s integration with XRPL EVM opens up a fresh playground for creators and investors alike.

The Numbers Are In: $13,607 TVL

According to DefiLlama’s announcement, Riddle currently has a Total Value Locked of $13,607. TVL is a key metric in DeFi, showing how much money is staked or locked in a protocol. While $13,607 might seem modest compared to giants like Ethereum or Binance Smart Chain, it’s a promising start for a niche ecosystem like XRPL EVM. This figure reflects early adoption and could grow as more users and projects jump on board.

Why XRPL EVM Matters

The XRPL EVM sidechain is a game-changer for the XRP Ledger, which has long been known for its fast transactions and low costs. By adding EVM compatibility, it bridges the gap between XRP’s traditional strengths and the booming world of DeFi and meme tokens. This interoperability could attract a wave of new developers and investors, making XRPL EVM a hotspot for innovation.

What This Means for Meme Coin Fans

If you’re into meme coins, this is an exciting development. Riddle offers a dedicated space to launch and discover new tokens, potentially uncovering the next big hit. Plus, with DefiLlama’s tracking, you can keep tabs on Riddle’s growth and performance in real-time. The platform’s reputation for transparency and accuracy makes it a reliable source for staying updated.

Looking Ahead

The crypto space moves fast, and Riddle’s debut on XRPL EVM is just the beginning. As more projects join the ecosystem and the TVL grows, we might see XRPL EVM become a key player in the meme coin and DeFi worlds. Keep an eye on meme-insider.com for the latest updates and insights as this story unfolds!

So, what do you think about Riddle and its potential? Drop your thoughts in the comments, and let’s chat about the future of meme tokens on XRPL EVM!