• bitcoinBitcoin (BTC) $ 121,789.00
  • ethereumEthereum (ETH) $ 3,056.86
  • xrpXRP (XRP) $ 3.01
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 703.23
  • solanaSolana (SOL) $ 167.84
  • usd-coinUSDC (USDC) $ 0.999874
  • dogecoinDogecoin (DOGE) $ 0.205794
  • tronTRON (TRX) $ 0.301712
  • staked-etherLido Staked Ether (STETH) $ 3,054.68
  • cardanoCardano (ADA) $ 0.757768
  • hyperliquidHyperliquid (HYPE) $ 48.69
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 121,543.00
  • stellarStellar (XLM) $ 0.473201
  • suiSui (SUI) $ 3.97
  • wrapped-stethWrapped stETH (WSTETH) $ 3,681.86
  • chainlinkChainlink (LINK) $ 16.33
  • hedera-hashgraphHedera (HBAR) $ 0.242570
  • bitcoin-cashBitcoin Cash (BCH) $ 512.02
  • avalanche-2Avalanche (AVAX) $ 21.88
  • leo-tokenLEO Token (LEO) $ 9.01
  • wrapped-eethWrapped eETH (WEETH) $ 3,277.31
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.04
  • wethWETH (WETH) $ 3,058.31
  • litecoinLitecoin (LTC) $ 97.04
  • usdsUSDS (USDS) $ 1.00
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999205
  • whitebitWhiteBIT Coin (WBT) $ 46.21
  • moneroMonero (XMR) $ 348.55
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 121,934.00
  • polkadotPolkadot (DOT) $ 4.10
  • uniswapUniswap (UNI) $ 9.50
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000013
  • bitget-tokenBitget Token (BGB) $ 4.49
  • aaveAave (AAVE) $ 325.64
  • bittensorBittensor (TAO) $ 420.27
  • daiDai (DAI) $ 0.999896
  • pi-networkPi Network (PI) $ 0.468274
  • crypto-com-chainCronos (CRO) $ 0.111373
  • aptosAptos (APT) $ 5.11
  • nearNEAR Protocol (NEAR) $ 2.66
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • internet-computerInternet Computer (ICP) $ 5.60
  • ondo-financeOndo (ONDO) $ 0.943127
  • jito-staked-solJito Staked SOL (JITOSOL) $ 204.31
  • okbOKB (OKB) $ 48.43
  • ethereum-classicEthereum Classic (ETC) $ 18.94
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • algorandAlgorand (ALGO) $ 0.282194
  • mantleMantle (MNT) $ 0.722289
  • kaspaKaspa (KAS) $ 0.088037
  • ethenaEthena (ENA) $ 0.350712
  • usd1-wlfiUSD1 (USD1) $ 0.999333
  • vechainVeChain (VET) $ 0.025181
  • cosmosCosmos Hub (ATOM) $ 4.71
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239519
  • bonkBonk (BONK) $ 0.000027
  • arbitrumArbitrum (ARB) $ 0.421121
  • render-tokenRender (RENDER) $ 3.89
  • susdssUSDS (SUSDS) $ 1.06
  • fasttokenFasttoken (FTN) $ 4.51
  • official-trumpOfficial Trump (TRUMP) $ 9.71
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.739342
  • gatechain-tokenGate (GT) $ 15.88
  • sei-networkSei (SEI) $ 0.339371
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,058.21
  • filecoinFilecoin (FIL) $ 2.64
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 121,841.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.028154
  • quant-networkQuant (QNT) $ 117.30
  • skySky (SKY) $ 0.079961
  • binance-staked-solBinance Staked SOL (BNSOL) $ 177.57
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.81
  • jupiter-exchange-solanaJupiter (JUP) $ 0.514935
  • spx6900SPX6900 (SPX) $ 1.63
  • kucoin-sharesKuCoin (KCS) $ 11.49
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,206.51
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998588
  • usdtbUSDtb (USDTB) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,486.93
  • celestiaCelestia (TIA) $ 1.97
  • usdt0USDT0 (USDT0) $ 1.00
  • fartcoinFartcoin (FARTCOIN) $ 1.35
  • xdce-crowd-saleXDC Network (XDC) $ 0.082125
  • nexoNEXO (NEXO) $ 1.32
  • story-2Story (IP) $ 4.47
  • blockstackStacks (STX) $ 0.825763
  • injective-protocolInjective (INJ) $ 12.81
  • flare-networksFlare (FLR) $ 0.017534
  • optimismOptimism (OP) $ 0.685130
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.79
  • sonic-3Sonic (S) $ 0.358655
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 121,608.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,262.15
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,213.51
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 1.04
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,226.54
  • immutable-xImmutable (IMX) $ 0.541328
  • the-graphThe Graph (GRT) $ 0.103078
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999410
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 121,650.00
  • flokiFLOKI (FLOKI) $ 0.000098
  • clbtcclBTC (CLBTC) $ 122,945.00
  • pax-goldPAX Gold (PAXG) $ 3,366.13
  • curve-dao-tokenCurve DAO (CRV) $ 0.684666
  • kaiaKaia (KAIA) $ 0.158756
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • wbnbWrapped BNB (WBNB) $ 703.51
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,310.41
  • vaultaVaulta (A) $ 0.563139
  • paypal-usdPayPal USD (PYUSD) $ 0.999486
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 188.75
  • iotaIOTA (IOTA) $ 0.222395
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.71
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.45
  • msolMarinade Staked SOL (MSOL) $ 220.04
  • tether-goldTether Gold (XAUT) $ 3,355.62
  • memecoreMemeCore (M) $ 0.495675
  • theta-tokenTheta Network (THETA) $ 0.821400
  • jasmycoinJasmyCoin (JASMY) $ 0.016865
  • galaGALA (GALA) $ 0.017677
  • lido-daoLido DAO (LDO) $ 0.884421
  • the-sandboxThe Sandbox (SAND) $ 0.320490
  • raydiumRaydium (RAY) $ 2.89
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.15
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • aerodrome-financeAerodrome Finance (AERO) $ 0.852051
  • zcashZcash (ZEC) $ 44.08
  • ousgOUSG (OUSG) $ 111.77
  • pyth-networkPyth Network (PYTH) $ 0.122656
  • mog-coinMog Coin (MOG) $ 0.000002
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • super-oethSuper OETH (SUPEROETH) $ 3,056.89
  • chain-2Onyxcoin (XCN) $ 0.019912
  • tezosTezos (XTZ) $ 0.652225
  • jito-governance-tokenJito (JTO) $ 1.96
  • pendlePendle (PENDLE) $ 4.10
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998244
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,265.86
  • saros-financeSaros (SAROS) $ 0.252211
  • wrapped-hypeWrapped HYPE (WHYPE) $ 48.71
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,209.57
  • tbtctBTC (TBTC) $ 121,677.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,061.37
  • flowFlow (FLOW) $ 0.396710
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • decentralandDecentraland (MANA) $ 0.326643
  • morphoMorpho (MORPHO) $ 1.91
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 120,865.00
  • walrus-2Walrus (WAL) $ 0.433981
  • falcon-financeFalcon USD (USDF) $ 1.00
  • newton-projectAB (AB) $ 0.008734
  • usual-usdUsual USD (USD0) $ 0.998030
  • heliumHelium (HNT) $ 3.11
  • based-brettBrett (BRETT) $ 0.057650
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 121,503.00
  • coredaoorgCore (CORE) $ 0.564397
  • thorchainTHORChain (RUNE) $ 1.60
  • staked-hypeStaked HYPE (STHYPE) $ 48.63
  • apecoinApeCoin (APE) $ 0.673447
  • conflux-tokenConflux (CFX) $ 0.104852
  • bitcoin-svBitcoin SV (BSV) $ 26.61
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,058.36
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.205668
  • syrupMaple Finance (SYRUP) $ 0.487885
  • usddUSDD (USDD) $ 1.00
  • ripple-usdRipple USD (RLUSD) $ 0.999608
  • starknetStarknet (STRK) $ 0.143449
  • telcoinTelcoin (TEL) $ 0.005541
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  • reserve-rights-tokenReserve Rights (RSR) $ 0.008310
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  • deepDeepBook (DEEP) $ 0.191049
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  • venomVenom (VENOM) $ 0.225995
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  • beldexBeldex (BDX) $ 0.064435
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  • axie-infinityAxie Infinity (AXS) $ 2.55
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 121,330.00
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • zksyncZKsync (ZK) $ 0.056884

XRP Ledger vs Chainlink: Messari Report Highlights Which Is Driving Greater Institutional Adoption

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XRP Ledger vs Chainlink: Messari Report Highlights Which Is Driving Greater Institutional Adoption

A recent report has compared the XRP Ledger to Chainlink, highlighting their similarities, differences, and institutional adoption trajectory.

Prominent crypto research firm Messari painted this picture in a recent piece published on May 25. The report dissected the XRP Ledger and Chainlink’s blockchain, highlighting their technological niches and which is best suited for institutional adoption.

XRP Ledger vs Chainlink

According to the reports, the XRP Ledger is a decentralized public blockchain designed by Ripple Labs to drive a fast, cost-effective, and efficient cross-border settlement system. It leverages distributed ledger technology to facilitate payments, decentralized exchange (DEX) operations, and real-world asset tokenization.

Meanwhile, Chainlink is an Ethereum layer-2 network that provides decentralized oracles and cross-chain products (CCIP). The protocol offers data feeds such as prices and weather for smart contracts, ensuring blockchains can access external data and systems.

XRP Ledger’s native token, XRP, ranks fourth on the crypto market cap standings with a valuation of $137 billion and a circulating supply of 58.6 billion. Chainlink’s LINK ranks 13th with a cap of $10 billion and a supply of 657 billion tokens.

Target Users

The XRPL architects built the network for blockchain-based payment solutions. The network targets large financial institutions, simplifying cross-border payments and settlement while allowing other features like tokenization.

Moreover, XRPL developers are expanding the network’s technology to adapt to decentralized finance (DeFi), with planned upgrades to introduce lending and native yield-bearing functionalities for users. RippleX has also teased Ethereum Virtual Machine compatibility with the imminent launch of an EVM sidechain.

Meanwhile, Chainlink’s data supply business targets DeFi, CeFi, and platforms that need real-time data. Although it does not have native smart contract capabilities, its infrastructure is crucial for smart contract functionalities on other blockchains. Furthermore, Chainlink provides the foundation for institutional use cases in real-world asset tokenization.

Institutional Traction

The XRP Ledger’s focus on payment is gaining traction among prominent institutions. Ripple, a core contributor to the network, has partnered with multiple central banks and large financial institutions globally to offer a wide range of services, including efficient cross-border payment and CBDC platforms.

Recently, Ripple partnered with South Korea’s BDACS to offer institution-grade custody services for XRP and RLUSD. Last year, the firm collaborated with Clear Junction to boost cross-border payments in GBP and Euro.

Meanwhile, Chainlink’s CCIP has also seen notable institutional traction. Large firms like BNY Mellon, Citibank, and Euroclear have adopted the data infrastructure. SWIFT has also partnered with Chainlink to enhance cross-chain tokenized asset transfer.

Chainlink Collaboration With XRP Ripple

Ripple recently integrated Chainlink’s infrastructure to boost the adoption of the RLUSD stablecoin. The partnership saw the cross-border payment giant tap Chainlink’s decentralized oracle network for real-time price feeds for RLUSD on the XRP Ledger and Ethereum.

While both chains play different roles in the crypto landscape, Messari noted that the recent collaboration signifies that the future of blockchain technology does not hinge on competition but on strategic partnerships.

Source

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