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

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

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.