XRP ledgers are established despite their existence Crypto The industry is lagging behind other networks such as mandatory Ethereum and Solana.
especially, XRP ledger (XRPL) It is part of the blockchain sector and has been one of the oldest networks in the industry for over a decade. However, when it comes to decentralized finance (DEFI), it is far behind its competitors.
Recently, XRPL has begun introducing upgrades aimed at catching up. These include automated market maker (AMM) features and stablecoins. These updates show progress, but XRPL is still Trail often Behind other blockchains that have made Defi’s growth the top priority from start.
He argued that these factors were the reasons. Ethereum and Solana He took the lead in Defi space. Kagy compared it to a chain’s choice with 10,000 unique active wallets and 10 million wallets. For him, the choice is clear as retail users form the backbone of growth and success for any network.
For viewpoints, the XRPL’s locked total value (TVL) is only $87.85 million, and the daily distributed exchange (DEX) volume is less than $70,000. Meanwhile, Ethereum leads the market with an astounding $96.9 billion on TVL. Solana continues at $11.273 billion.
flat Coinbase’s base networkIt was released just two years ago, but already owns a $4.9 billion TVL. None of these competitors have recorded a daily DEX volume of less than $1 billion, a big contrast to XRPL’s current figures.
Community commentary
In response to Kagy’s comments, XRP Community Figure Eri encouraged investors to follow the work of developers such as Kagy, not influencers. she stress Focusing on developer-driven initiatives ensures that your support and investment is guaranteed go Towards what truly drives the network.
The business partners at #XRP DEV/Founder and @Vet_X0’s @XRPCAFE are focused on why ETH and SOL have been winning this race so far.
Follow the developer, not influencers. This way you can focus and support the important things in your investment. https://t.co/ujrqojwa7k– 🌸cryptoeri ~ carpe diem (@sentosumosaba) August 13, 2025
Meanwhile, former Ripple CBDC advisor Antony Welfare argued that in addition to retail activities, adoption also depends on the strength of the project and, most importantly, the company-grade capabilities.
he Highlighted Hyperledger Besu, which handles more than 10% of Ethereum’s mainnet transactions, is an example of blockchain that meets the needs of businesses. Effectively.
Welfare explained that large organizations need networks that can handle scale and complexity. For him, Ethereum is one of the few things that can be done. He pointed out that Hyperledger fabric, while important at the time, lacked the public accessibility and core blockchain capabilities needed for widespread deployment.
Taking note of his experiences with Oracle, DXC and Ripple, he added that no company will endanger its reputation or operation in an unproven chain.
XRPL has advanced Defi development
Meanwhile, there is in the XRPL community. It’s begun I work at change Network defi position. Last March, the network Introducing AMM features And we witnessed the launch of several AMM pools.
AlsoRipple released RLUSD Stablecoin with XRPL, Round It has been expanded Native version of USDC on the network. Ripple also launched XRPL EVM Sidechain to improve interoperability with Ethereum.
Externally, Flare is developing a way to bring defi to XRPL. Cardano founder Charles Hoskinson hinted at That his midnight project could serve as a definition layer for it. Though these moves represent progress, XRPL still has a long way to go before competing with the established dominance of Ethereum and Solana.
