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

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

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.