Cryptocurrency While the market is generally quiet on weekends, one of the developments this weekend came from David Schwartz, Ripple’s CTO and considered the architect of the entire project infrastructure.
Ripple CTO Humorly Says XRP Is Bigger Than XLM
The crypto manager, on the license plate seen in a post on Twitter “XRP • XLM” He was both humorous and competitive, arguing that the phrase should actually be “XRP > XLM.”
They accidentally put a • instead of a ＞
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) August 7, 2022
This hilarious outlet has been of interest to crypto enthusiasts who know the story and connection between the two giant coins of the crypto world, XRP and XLM executives.
As it is known, XLM was founded by a team including Ripple co-founder Jed McCaleb.
There’s a grain of truth in every joke, though, and when we measure Schwartz’s equation on real capitalist scales, it turns out that Ripple is indeed “bigger” than Jed McCaleb’s Stellar. For example, according to CoinMarketCap’s market cap estimate, Ripple is six times larger than its rival, with a company size of $18 billion versus Stellar’s $3.11 billion.
However, considering that Stellar has produced a very positive report for the second quarter of 2022, it should not be unfair to XLM.
McCaleb’s project reported a 28.5% year-over-year increase in the total number of Stellar accounts, reaching a total of 6.98 million. While the number of payments reached 38,786 million with an increase of 415% compared to the previous year, the number of transactions increased by 88% to 823.1 million in the same period.
*Not investment advice.
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