Former Ripple director Matt Hamilton has defended XRP's significantly higher valuation compared to Chainlink (LINK), despite LINK's partnership with SWIFT. Hamilton argues that XRP, as the native asset of a full blockchain network, inherently holds more value than LINK, which functions as a token within a protocol. This discussion emerged following SWIFT's announcement of a blockchain-based ledger for cross-border payments involving over 30 institutions.
Dave Weisberger, former chairman of Coinroutes, questioned the valuation disparity, pointing out LINK's revenue-sharing model and its collaboration with SWIFT. Currently, XRP boasts a market cap of $173.35 billion, dwarfing LINK's $14.6 billion. Hamilton and other XRP advocates highlight XRP's low transaction costs and efficiency, while Weisberger emphasizes LINK's revenue potential.
Ex-Ripple Director Defends XRP's Higher Valuation Over Chainlink
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.