Crypto expert Xaif shared an aspect in which Vitalik Buterin admitted that XRP is ahead of Ethereum. This comes as Ripple seeks to dominate the payments industry using XRP, RLUSD and XRP Ledger.
Vitalik shares how XRP leads Ethereum
In a MessageXaif shared a quote from Vitalik Buterin from 2014, claiming that Ripple, not Ethereum, is the Internet of Value. While Ethereum focused on building the foundations of the decentralized financial system, Ripple focused on building the Internet of Value using the Ledger, with XRP and RLUSD constituting important tools for this vision.
Ethereum and Ripple have continued to reiterate their missions even as crypto continues to grow in popularity. Earlier this year, Vitalik Buterin described Ethereum like the Linux of the decentralized world. He said they must ensure that Ethereum serves as a financial hub for individuals and organizations seeking greater autonomy. Buterin added that they need to give people access to the power of the grid without relying on intermediaries.
Meanwhile, Ripple CEO Brad Garlinghouse said in January that their two major acquisitions, Ripple Prime and GTreasury, significantly accelerate and expand their ability to realize their vision of the Internet of Value. He added that the token has been and will continue to be the heart of this vision.
More recently, Garlinghouse described the token like Ripple’s “North Star” which guides their mission and daily operations. Xaïf also shared a video in which Ripple’s CEO said he was 100% committed to making XRP “the most trusted, useful, and liquid digital asset on the planet.”
It is worth noting that XRP currently ranks fifth among cryptocurrencies in terms of market capitalization, behind Bitcoin, Ethereum, USDT, and BNB. The altcoin regained third place this year, just behind Ethereum, after starting the year as one of the biggest gainers, but it has since lost those gains amid the crisis. crypto market downtrend.
The ledger behind Ethereum in this regard
RWA.xyz data shows that the XRP Ledger is currently behind Ethereum in terms of tokenization. THE total value tokenized on Ethereum is $15.5 billion, while the Ledger has a total token value of $1.9 billion. However, Ledger has seen more growth over the past 30 days, with token value up 15%, while Ethereum’s has increased by just over 10%.
The Ledger has notably seen improvements, such as Authorized DEXwhich have contributed to the growth of tokenization on the network. The authorized DEX allows institutional investors to trade in a regulated environment. Ripple continues to partner with institutions to tokenize multiple funds on the network. Last month, the crypto company partnered with British giant Aviva Investors to develop tokenized versions of traditional funds.
Featured image of Adobe Stock, chart from Tradingview.com
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