PHNIX
$PHNIX is a meme coin on the XRP Ledger, embodying the resilience of XRP through its phoenix-inspired narrative.
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About PHNIX
PHNIX is a meme coin on the XRP Ledger, embodying the resilience of XRP through its phoenix-inspired narrative. Launched on December 3, 2024, it leverages XRPL’s fast, low-cost transactions to drive community engagement and adoption. With a focus on strategic partnerships within the XRP ecosystem, PHNIX aims to become the leading meme coin on XRPL. Its community-driven approach, symbolized by initiatives like adding sunglasses to PFPs, fosters a strong “Phoenix Army” to amplify its presence.
About the XRP Ledger
The XRP Ledger (XRPL) is a decentralized, open-source blockchain launched in 2012, designed for fast, low-cost, and scalable transactions, primarily for payments and tokenization. It processes over 3.3 billion transactions with a 3-5 second settlement time and supports up to 1,500 transactions per second (TPS) at minimal fees. XRPL uses a Proof of Association (PoA) consensus mechanism, relying on a network of trusted validators. XRP, the native token, facilitates transactions and liquidity across the ecosystem.
About the XRPL EVM Sidechain
The XRPL EVM Sidechain, launched on mainnet June 30, 2025, introduces Ethereum-compatible smart contracts to the XRPL ecosystem, enhancing its capabilities without altering the mainnet’s efficiency. Developed by Ripple and Peersyst Technology, it uses XRP as the native gas token, supports 1,000 TPS with 3.4-second block times, and connects to over 80 blockchains via the Axelar bridge, with Wormhole integration planned. It enables developers to deploy Ethereum-based decentralized applications (dApps) using tools like Solidity, MetaMask, and Hardhat, targeting DeFi, lending, tokenization, and payments.