Ex-Ripple Dev Explains XRP’s 10x Valuation Over LINK
A debate erupted on X about token valuations after CoinRoutes founder Dave Weisberger questioned why XRP trades at over ten times the market value of Chainlink's LINK. This discussion was spurred by Swift's announcement of launching a blockchain-based ledger.
- Weisberger challenged the XRP community, referencing Chainlink's collaboration with Swift and its path to revenue sharing with token holders.
- The debate highlighted two perspectives: "volume and adoption" versus "different problem, different TAM."
- A respondent noted that XRP has a $172B market cap compared to LINK's $14B, with XRP processing significantly higher transaction volumes.
- Matt Hamilton, former Ripple engineer, explained the difference between the two tokens: XRP as a native asset of an L1 network and LINK as a utility token for oracle middleware.
- XRP is viewed as a bridge asset for global settlements, while LINK serves as middleware for data feeds.
- The discussion underscored a split in crypto investing frameworks: native-asset economics versus revenue-bearing middleware.
This debate remains unresolved, reflecting differing views on what traps value in the crypto ecosystem. At press time, XRP traded at $2.84.
