XRP Outperforms Ethereum by Fully Diluted Valuation

user avatar

by Giorgi Kostiuk

2 years ago

The fully diluted valuation (FDV) of the Ripple-linked XRP token has now exceeded Ethereum's valuation for several days.

Comparison of XRP and Ethereum Valuations

The FDV metric considers both circulating and locked tokens. In a scenario where all tokens are released at current prices, XRP would be above Ethereum. However, XRP is still not close to catching up with Ethereum's market cap: the two tokens are currently valued at $229 billion and $139 billion, respectively.

XRP Supply and Circulation

XRP's FDV is $234 billion, with nearly 42 billion tokens not in circulation. According to Ripple's Q4 2024 report, the total number of XRP tokens held by Ripple is nearly 4.5 billion, with more than 38 billion locked in the company's escrow account. Ripple unlocks a billion XRP tokens from escrow monthly. Some of these are sold or used for company operations, while the majority are re-locked.

Ethereum Supply Changes

Ethereum has a dynamic supply model, meaning the total number of tokens is not capped, unlike XRP. It can be inflationary or deflationary based on specific market dynamics. Over the past month, the total Ethereum supply has grown by 0.72% with the addition of 71,170 tokens, indicating an inflationary phase.

Despite this, it is not far-fetched to think XRP might surpass Ethereum by market capitalization in the future. The Ripple-linked token briefly surpassed Ethereum back in 2018 following the release of xRapid.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.