The long-awaited XRP Ledger layer-2 scaling solution Evernode (EVR) is scheduled to make its initial CEX listing on Bitrue.
Evernode (EVR), a permissionless “layer 2” smart contract platform operating on a global scale, recently commemorated its inaugural listing on Bitrue’s Centralized Exchange (CEX).
The eagerly anticipated debut of Evernode as a Layer 2 on the XRP Ledger has generated considerable interest, as enthusiasts scrutinize the ramifications of this advancement.
Evernode (EVR) to Finally go Live
Evernode announced the update on the X platform and thanked Bitrue for its support of its native token, EVR.
However, Bitrue will soon be able to sell 500 EVRs to individuals interested in operating a Host on the Evernode network, the company announced in a post.
Bitrue promptly addressed the fervor by disclosing that deposit options had become available for Evernode.
Trading in EVR/USDT was planned to initiate on January 16, 4:00 UTC.
In the same manner, the withdrawal function would become operational on January 17, 10:00 UTC.
Bitrue added an additional level of intrigue to the Evernode listing by announcing a grand reward of 1,000 USDT for the successful completion of designated tasks, to entice new users.
Evernode’s (EVR) recent CEX listing on Bitrue represents a significant milestone, as it provides greater visibility and accessibility to a wider range of traders and investors.
In addition, the CEX listing serves to authenticate the project’s integrity and inspires assurance regarding its capacity for expansion and acceptance.
Meanwhile, investors who have been eagerly anticipating the chance to trade EVERNODE can now do so on a recognized exchange, which promotes market participation and liquidity.
The listing update catalyzes EVERNODE’s progress, creating fresh opportunities for collaborations, partnerships, and community engagement.
Heated L2 Terrain
The incorporation of Evernode into the Layer 2 environment of the XRP Ledger has heightened the level of rivalry among Layer 2 solutions.
In light of the ongoing efforts by blockchain initiatives to tackle issues related to scalability, speed, and cost, Layer 2 networks have emerged as a central area of innovation.
However, reflecting the evolution of the cryptocurrency industry, the heated L2 terrain is populated by projects vying for dominance and consumers in search of optimal solutions.
Evernode’s entry into this competitive domain introduces an additional layer of complexity, as it offers users a comprehensive and feature-rich alternative to exploit the advantages of the XRP Ledger.
Prominent L2 innovators that are worth monitoring include, among others, Polygon zkEVM, Arbitrum, and zkSync.
