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Solana Foundation Exec Slams XRP Hype: ‘Show Me the Data’

Solana Foundation government Vibhu Norby ignited a recent spherical of cross-ecosystem debate this weekend, difficult XRP supporters to floor their bullish narratives in verifiable community metrics relatively than aspiration. In a sequence of posts on X, Norby stated he “need[s] Ripple and XRP to succeed at an insane diploma,” however argued that “the neighborhood doesn’t argue with information, although the information is available.” He added: “as a longtime engineer and fact seeker, that bothers me.”

Norby Says XRP Growth Stalled

The core claim is that—measured by on-chain exercise—the XRP Ledger’s progress has been “extraordinarily mediocre” relative to faster-growing chains, most notably Solana. Citing XRPScan, he stated the “lively every day accounts exhibits no 3-year enchancment, hovering round 25,000 every day lively accounts,” whereas “this 12 months, Solana is averaging over 2.5 million every day lively accounts. That’s 100x.” Short of debating sentiment or distant roadmaps, he framed the dialogue as empirical: “The fiction may be very far forward of the information.”

The exercise hole was a through-line in Norby’s posts. On throughput, he pointed to XRP’s roughly 1–1.5 million every day transactions and contrasted that with Solana’s order-of-magnitude larger visitors: “the complete every day transactions, round 1.5 million per day, is outclassed by Solana which is dealing with about 100 million per day.”

While precise every day figures fluctuate with market circumstances and information suppliers, unbiased dashboards corroborate the broad image: XRP’s transactions usually sit in the low-single-digit hundreds of thousands per day, whereas Solana’s efficient user-facing throughput has been documented close to the ~1,000 TPS vary with peaks far larger underneath stress; counting all transaction sorts, Solana’s uncooked transaction depend often dwarfs legacy chains. “Currently, XRPL is dealing with about 17 TPS, in line with XRPScan. Solana executes 1000 non-vote TPS on mainnet, and infrequently extra,” Norby stated.

Norby additionally educated consideration on worth switch relatively than simply message depend. “XRP’s switch quantity at present is about $50–60 billion per thirty days. However, Solana’s October stablecoin switch quantity alone, which is a small subset of all community property, was nearly $2 trillion,” he wrote.

Anticipating the commonest rejoinder—“oh it’s all faux, bots, and many others.”—Norby argued that the Solana-side information excludes wash conduct in the stablecoin tallies he referenced and that payment constructions are usually not a enough clarification for alleged bot asymmetry. “Given each XRPL and Solana have equally low transaction charges, there’s no purpose why Solana would uniquely appeal to bots that XRPL wouldn’t,” he wrote, including that the on-chain funds edge in Solana stays “an enormous measurable margin” even after apparent noise filters.

The change shortly broadened past raw counters to product-market fit. One defender asserted that “XRP isn’t for retail and memecoins. Financial establishments are closely regulated and gradual to undertake.” Norby rebutted that premise bluntly: “They haven’t been gradual to undertake – lol. They’re simply adopting stablecoins, not XRP.”

In a separate reply to a query about what’s driving Solana’s relative outperformance, Norby’s reply was a one-word thesis: “Technology.” He later summarized the posture of the XRP military he believes the information helps with a pointed quip: “Solana is a bridge forex.”

Norby additionally dismissed the concept that RippleWeb’s progress must be conflated with on-chain traction: “One can not have a view on RippleWeb as a result of it seems to be merely a personal enterprise. Therefore it’s arduous to argue it has any bearing on XRP.”

That distinction echoes long-standing commentary that RippleWeb, as an enterprise messaging and settlement community, can function independently of XRP except particular corridors use On-Demand Liquidity mechanisms. “Offchain connections are solely commoditized,” Norby added, casting political or banking relationships as inadequate substitutes for measurable on-chain utilization.

As the thread grew, neighborhood pushback coalesced round two counterclaims: that XRP’s design aim is institutional settlement relatively than retail-heavy app ecosystems, and {that a} “HODL-heavy” holder base naturally depresses every day lively tackle counts. Norby responded that Solana, too, is held by massive numbers of passive traders—“Believe it or not, many individuals additionally simply purchase SOL and maintain”—however “the distinction is that individuals additionally really use Solana.”

He concluded with a problem: “Open supply to any neighborhood member or Ripple government: let’s do a livestream debate proper right here on X. You convey information, I convey information. Facts are necessary. Let the web resolve who wins.” He additionally hosted a public X Space to proceed the dialogue.

None of the above makes Ripple’s endgame unattainable. Norby repeatedly permits that “it is vitally attainable that XRPL wins,” framing his argument as a present-tense snapshot relatively than a terminal verdict. But his counsel to traders is unsparing: “If you maintain XRP as an funding, it is advisable to severely take into account how for much longer it’s price ready round.”

At press time, XRP traded at $2.40.

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