XRP remains at the forefront of headlines due to its achievements, yet questions about the role of new Layer 1 chains are still relevant. New projects aim to provide solutions for the gaps left by networks like XRP and Ethereum.
Why XRP Still Gets Attention
Recent developments surrounding XRP, such as the integration of tokenized real-world assets and growing traction in Asia, confirm its position in institutional finance. However, XRP has its limits, which include:
* Centralized validator model * Limited dApp support * Minimal on-chain governance tools * Not built for permissionless apps
Ethereum and Solana: Missing Features
Ethereum is the leader in smart contracts, while Solana stands out for its speed and low fees. However, both chains have shortcomings:
* Ethereum suffers from latency and high gas costs * Solana faces questions about uptime and validator centralization * Neither chain offers native identity or streamlined cross-chain deployment
What New Chains Need to Compete
To matter in a market still dominated by ETH and XRP, new chains must offer something functionally different. Required features include:
* Fast, confirmed transactions * Clear staking mechanics * Developer flexibility * A capped token supply * Use cases beyond trading
XRP's institutional push and Ethereum's Layer 2 expansion continue to define current trends. However, the next generation of chains will focus on addressing the shortcomings of existing leaders, such as speed, identity, and infrastructure for real-world applications.
