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## Ripples Technology Head Protects XRP Ledger from Detractors: Here’s the Analysis
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Ripple’s Chief Technology Officer, David Schwartz, has actually advanced to attend to current objection targeted at the XRP Ledger (XRPL), particularly disproving cases that XRP lacks genuine utility.
One X individual said that XRP has actually attained a considerable market capitalization (presently $140 billion) regardless of creating minimal worth. The individual pointed out information from DeFiLlama, mentioning that the XRPL tape-recorded a simple $44,000 in deal volume over 24 hr.
Schwartz responded to this disagreement by recommending that the mentioned numbers likely just represent the deal volume on Automated Market Makers (AMMs) within the XRPL, which is simply a portion of how individuals utilize XRP.
> You understand XRPL is a DEX, right? — David JoelKatz Schwartz (@JoelKatz) March 22, 2025
In reaction to an inquiry about other usage instances for the XRP Ledger, Ripple’s CTO highlighted the XRPL’s indigenous performance as a decentralized exchange. “You understand XRPL is a DEX, right?” Schwartz included.
## Crucial Attributes of the XRP Ledger
The XRP Ledger sustains a range of functions, consisting of cross-currency and cross-border payments, along with tokenization, in addition to AMMs. The core worth proposal of the XRPL consists of indigenous functions such as tokens, NFTs, a decentralized exchange (DEX), escrow performance, ingrained compliance, and token management.
NFTs have evolved into a fundamental element of the XRPL protocol, akin to inherent tokens. This implies you have the ability to generate and transmit them without requiring sophisticated agreements. The standardization of NFTs via XLS-20 in October of 2022 ushered in functionalities such as royalties and anti-junk mail precautions.
Ripple initiated its USD stablecoin, RLUSD, on both XRPL and Ethereum on December 17th, 2024. This stablecoin is entirely supported by USD deposits, short-term U.S. Treasury bonds, along with other cash-equivalent assets, and it is subjected to monthly third-party validations. As of the present moment, 7,744,695 NFTs have been fashioned utilizing the XLS-20 standard.
To sustain security and stability, the XRPL base layer presently does not accommodate optional sophisticated agreements. This constitutes a premeditated design preference. Nevertheless, strategies to present inherent sophisticated agreements were disclosed in September of 2024, and advancement is being achieved on that perspective.
