Matt Hamilton, a former director of developer relations at Ripple Labs, has broken a deadlock between the Chainlink (LINK) and XRP armies. to Hamilton, it is meaningless to compare the value of XRP and LINK, since the former is a native coin to the XRPL ledger while the latter is used within the Chainlink protocol.
Matt Hamilton, a former director of developer relations at Ripple Labs, has broken a deadlock between the Chainlink (LINK) and XRP armies. to Hamilton, it is meaningless to compare the value of XRP and LINK, since the former is a native coin to the XRPL ledger while the latter is used within the Chainlink protocol.
At press time, Ripple’s XRP had a fully diluted valuation of about $284 billion while Chainlink’s LINK recorded a net valuation of around $21.4 billion. During the last 24 hours, LINK recorded a net traded volume of around $747 million while XRP reported around $4.7 billion.
While both projects solve different real-world problems, Dave Weisberger, former chairman of CoinRoutes, wondered how XRP is more than ten times valuable than LINK. According to Weisberger:
The demand for both XRP and Chainlink has remained high in the recent past fueled by several factors. However, the demand for XRP has remained higher than LINK.
For instance, more than a dozen fund managers have filed to offer spot XRP ETFs in the United States. Additionally, several companies have expressed interest in implementing XRP treasuries led by , and .
On the other hand, Grayscale Investments and Bitwise Asset Management have already filed with the U.S. SEC to offer spot LINK ETFs. Meanwhile, Chainlink as a treasury asset has so far been implemented by (NASDAQ: CWD).
Although the institutional demand for XRP is higher than LINK, the latter has a higher chance of a stronger upsurge in the upcoming bull markets. Some of the top reasons why LINK will outshine XRP ahead are:
