Ripple likes to take well-established concepts, repackage them, and present them as a whole new thing
An AMM DEX where the gas token is used for liquidity, an EVM sidechain, private forked chain instances, a USD-pegged stablecoin
This isn’t 2017 anymore… these aren’t innovative concepts,
@DefiLlama states the DeFi TVL of the XRPL is just $15M
What am I missing here? What I see is a blockchain ecosystem with almost no traction or adoption, this ofc could change one day, but is this worth $266 billion today?
It’s wild to me that such a strong cult was about to be built around what is effectively a half filled bucket