XRP’s full dilution valuation (FDV) has exceeded Ether (eth), according to Coingecko’s March 14 data.
The FDV flip indicates the wealth reversal of the Layer 1 (L1) blockchain network behind the token, as XRP Ledger’s decentralized financing (DEFI) ecosystem gains appeal and competition from Ethereum and from competitors’ L1 (such as Solana).
According to Coingecko, XRP’s FDV priced at nearly $235 billion as of March 14, $1 billion higher than Ether’s. Data shows that Ethereum’s market value is still $233 billion, while XRP’s $136 billion.
FDV measures the accumulated value of all existing tokens, while market value only counts the tokens that have been circulated.
XRP developer Ripple Labs owns billions of dollars in distribution of original tokens for its chain.
Cryptocurrency for FDV. source: Co Ringecko
Related: XRP Ledger unveils the Defi roadmap
Change your destiny
XRP’s price rose more than 300% to $2.30 per token as Donald Trump won the U.S. election on November 5.
Trump said he hopes the United States will become “world crypto capital” and has appointed industry-friendly leaders to key regulators.
Thawing the regulatory environment in the United States is particularly beneficial to XRP, which prioritizes enterprise users and Revealing the Institution Defi Roadmap In February.
As of January, XRP’s local decentralized exchange (DEX) already has Processing over $1 billion swap transactions Since its launch in 2024.
When Trump said he plans to stock XRP with other cryptocurrencies (such as Solana) (such as Solana) (such as Solana) (such as Solana) (such assol) and cardano (Aida).
Inventory includes assets only Acquisitioned by law enforcement and other legal processes And you won’t buy cryptocurrencies.
The Securities and Exchange Commission is It is reported that “in the process of ending” Law enforcement actions against Ripple have jeopardized XRP developers since 2020.
The regulator has withdrawn its actions against cryptocurrency companies such as Coinbase, Kraken and Uniswap.
Meanwhile, Ether’s spot prices have been struggling since March 2024, when the network’s Dencun upgrade cuts transaction fees by about 95%.
As of March, Solana’s transaction volume prioritizes rapid transaction execution and is the center of Memecoin Frenzy in 2024 Competition for Ethereum It combines all its layer 2 scaling chains.
Magazine: ‘Hong Kong’ victim wins lawsuit, banker bash stablecoins: Asian Express
