XRP Keeps Outperforming ETH in Key Metric


The fully diluted valuation (FDV) of the Ripple-linked XRP token has now remained above that of Ethereum (ETH) for several days. 

The FDV metric takes into account both circulating and locked tokens. XRP would be above ETH in a hypothetical scenario where all tokens get released at current prices.

That said, XRP is still not even close to catching up with Ether’s market cap. At press time, the two tokens are valued at $229 billion and $139 billion, respectively. 

XRP’s FDV stands at $234 billion, with close to 42 billion tokens not being in circulation. 

According to Ripple’s Q4 report, the total number of XRP tokens held by Ripple currently stands at nearly 4.5 billion. More than 38 billion XRPs were locked in the company’s escrow account. 

Related

Solana (SOL) Celebrates 5th Birthday: Details

Ripple unlocks a billion XRP tokens from the escrow on a monthly basis. Some of these tokens get sold or used for company operations. The lion’s share of these XRPs get re-locked into escrows. 

Meanwhile, Ethereum has a dynamic supply model, meaning that the total number of ETH tokens is not capped like in the case with XRP. It can be either inflationary or deflationary based on specific market dynamics. 

Over the past month, the total Ethereum supply has grown by 0.72% with 71,170 tokens, according to the data provided by ultrasound.money. This means that Ethereum is currently in an inflationary phase. 

It is not far-fetched to assume that XRP might end up surpassing Ethereum by market cap. The Ripple-linked token managed to briefly top the flagship altcoin back in 2018 following the release of xRapid. 



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

  • bitcoinBitcoin (BTC) $ 115,599.00
  • ethereumEthereum (ETH) $ 2,938.93
  • tetherTether (USDT) $ 0.999991
  • xrpXRP (XRP) $ 2.53
  • bnbBNB (BNB) $ 687.84
  • solanaSolana (SOL) $ 163.18
  • usd-coinUSDC (USDC) $ 0.999882
  • dogecoinDogecoin (DOGE) $ 0.193030
  • tronTRON (TRX) $ 0.294008
  • staked-etherLido Staked Ether (STETH) $ 2,938.40
  • cardanoCardano (ADA) $ 0.673316
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 115,474.00
  • hyperliquidHyperliquid (HYPE) $ 43.55
  • wrapped-stethWrapped stETH (WSTETH) $ 3,549.15
  • suiSui (SUI) $ 3.43
  • bitcoin-cashBitcoin Cash (BCH) $ 515.95
  • chainlinkChainlink (LINK) $ 15.14
  • stellarStellar (XLM) $ 0.300102
  • avalanche-2Avalanche (AVAX) $ 20.60
  • leo-tokenLEO Token (LEO) $ 9.04
  • hedera-hashgraphHedera (HBAR) $ 0.191061
  • wrapped-eethWrapped eETH (WEETH) $ 3,146.86
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • usdsUSDS (USDS) $ 0.999759
  • wethWETH (WETH) $ 2,940.92
  • the-open-networkToncoin (TON) $ 2.94
  • litecoinLitecoin (LTC) $ 94.12
  • whitebitWhiteBIT Coin (WBT) $ 46.79
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999774
  • moneroMonero (XMR) $ 328.49
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 115,654.00
  • polkadotPolkadot (DOT) $ 3.85
  • bitget-tokenBitget Token (BGB) $ 4.58
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • uniswapUniswap (UNI) $ 8.35
  • aaveAave (AAVE) $ 305.48
  • pi-networkPi Network (PI) $ 0.499561
  • daiDai (DAI) $ 0.999682
  • bittensorBittensor (TAO) $ 372.67
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • aptosAptos (APT) $ 4.82
  • nearNEAR Protocol (NEAR) $ 2.50
  • crypto-com-chainCronos (CRO) $ 0.097031
  • okbOKB (OKB) $ 49.14
  • internet-computerInternet Computer (ICP) $ 5.38
  • jito-staked-solJito Staked SOL (JITOSOL) $ 198.43
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 18.30
  • ondo-financeOndo (ONDO) $ 0.886968
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.085919
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.628056
  • cosmosCosmos Hub (ATOM) $ 4.61
  • vechainVeChain (VET) $ 0.023903
  • ethenaEthena (ENA) $ 0.314633
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.219793
  • arbitrumArbitrum (ARB) $ 0.395455
  • official-trumpOfficial Trump (TRUMP) $ 9.77
  • gatechain-tokenGate (GT) $ 16.19
  • fasttokenFasttoken (FTN) $ 4.46
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.731427
  • render-tokenRender (RENDER) $ 3.65
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • algorandAlgorand (ALGO) $ 0.213862
  • bonkBonk (BONK) $ 0.000023
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,943.84
  • skySky (SKY) $ 0.083622
  • filecoinFilecoin (FIL) $ 2.57
  • sei-networkSei (SEI) $ 0.312249
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 115,324.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.72
  • binance-staked-solBinance Staked SOL (BNSOL) $ 172.82
  • spx6900SPX6900 (SPX) $ 1.59
  • usdtbUSDtb (USDTB) $ 0.999484
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998764
  • kucoin-sharesKuCoin (KCS) $ 11.35
  • jupiter-exchange-solanaJupiter (JUP) $ 0.481694
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,086.70
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,349.42
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.84
  • fartcoinFartcoin (FARTCOIN) $ 1.30
  • nexoNEXO (NEXO) $ 1.26
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.019156
  • injective-protocolInjective (INJ) $ 12.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.072394
  • flare-networksFlare (FLR) $ 0.016679
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.75
  • optimismOptimism (OP) $ 0.653909
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,146.64
  • blockstackStacks (STX) $ 0.736745
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,089.52
  • sonic-3Sonic (S) $ 0.337154
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 115,484.00
  • dogwifcoindogwifhat (WIF) $ 1.04
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,096.62
  • bitcoinBitcoin (BTC) $ 115,599.00
  • ethereumEthereum (ETH) $ 2,938.93
  • tetherTether (USDT) $ 0.999991
  • xrpXRP (XRP) $ 2.53
  • bnbBNB (BNB) $ 687.84
  • solanaSolana (SOL) $ 163.18
  • usd-coinUSDC (USDC) $ 0.999882
  • dogecoinDogecoin (DOGE) $ 0.193030
  • tronTRON (TRX) $ 0.294008
  • staked-etherLido Staked Ether (STETH) $ 2,938.40
  • cardanoCardano (ADA) $ 0.673316
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 115,474.00
  • hyperliquidHyperliquid (HYPE) $ 43.55
  • wrapped-stethWrapped stETH (WSTETH) $ 3,549.15
  • suiSui (SUI) $ 3.43
  • bitcoin-cashBitcoin Cash (BCH) $ 515.95
  • chainlinkChainlink (LINK) $ 15.14
  • stellarStellar (XLM) $ 0.300102
  • avalanche-2Avalanche (AVAX) $ 20.60
  • leo-tokenLEO Token (LEO) $ 9.04
  • hedera-hashgraphHedera (HBAR) $ 0.191061
  • wrapped-eethWrapped eETH (WEETH) $ 3,146.86
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • usdsUSDS (USDS) $ 0.999759
  • wethWETH (WETH) $ 2,940.92
  • the-open-networkToncoin (TON) $ 2.94
  • litecoinLitecoin (LTC) $ 94.12
  • whitebitWhiteBIT Coin (WBT) $ 46.79
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999774
  • moneroMonero (XMR) $ 328.49
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 115,654.00
  • polkadotPolkadot (DOT) $ 3.85
  • bitget-tokenBitget Token (BGB) $ 4.58
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • uniswapUniswap (UNI) $ 8.35
  • aaveAave (AAVE) $ 305.48
  • pi-networkPi Network (PI) $ 0.499561
  • daiDai (DAI) $ 0.999682
  • bittensorBittensor (TAO) $ 372.67
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • aptosAptos (APT) $ 4.82
  • nearNEAR Protocol (NEAR) $ 2.50
  • crypto-com-chainCronos (CRO) $ 0.097031
  • okbOKB (OKB) $ 49.14
  • internet-computerInternet Computer (ICP) $ 5.38
  • jito-staked-solJito Staked SOL (JITOSOL) $ 198.43
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 18.30
  • ondo-financeOndo (ONDO) $ 0.886968
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.085919
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.628056
  • cosmosCosmos Hub (ATOM) $ 4.61
  • vechainVeChain (VET) $ 0.023903
  • ethenaEthena (ENA) $ 0.314633
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.219793
  • arbitrumArbitrum (ARB) $ 0.395455
  • official-trumpOfficial Trump (TRUMP) $ 9.77
  • gatechain-tokenGate (GT) $ 16.19
  • fasttokenFasttoken (FTN) $ 4.46
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.731427
  • render-tokenRender (RENDER) $ 3.65
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • algorandAlgorand (ALGO) $ 0.213862
  • bonkBonk (BONK) $ 0.000023
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,943.84
  • skySky (SKY) $ 0.083622
  • filecoinFilecoin (FIL) $ 2.57
  • sei-networkSei (SEI) $ 0.312249
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 115,324.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.72
  • binance-staked-solBinance Staked SOL (BNSOL) $ 172.82
  • spx6900SPX6900 (SPX) $ 1.59
  • usdtbUSDtb (USDTB) $ 0.999484
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998764
  • kucoin-sharesKuCoin (KCS) $ 11.35
  • jupiter-exchange-solanaJupiter (JUP) $ 0.481694
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,086.70
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,349.42
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.84
  • fartcoinFartcoin (FARTCOIN) $ 1.30
  • nexoNEXO (NEXO) $ 1.26
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.019156
  • injective-protocolInjective (INJ) $ 12.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.072394
  • flare-networksFlare (FLR) $ 0.016679
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.75
  • optimismOptimism (OP) $ 0.653909
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,146.64
  • blockstackStacks (STX) $ 0.736745
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,089.52
  • sonic-3Sonic (S) $ 0.337154
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 115,484.00
  • dogwifcoindogwifhat (WIF) $ 1.04
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,096.62