Swift Talk Say XRP Na ‘Dead Chain Walking’ As DeFi Dey Lag
Swift CIO Tom Zschach don criticise Ripple’s XRP ledger say e be like “dead chain walking”, e dey question how e go still dey strong beyond just surviving court case dem. E talk say financial institutions like networks wey get neutral, shared governance plus compliance standards, so dem dey prefer stablecoins like USDC for next level settlement. DeFiLlama data show say XRP TVL na just $87.85 million, daily DEX volume dey less than $70,000. For comparison, Ethereum dey lead DeFi with $96.9 billion TVL, Solana come dey follow with $11.27 billion. Coinbase Base chain also get near $5 billion. XRP derivatives open interest and institutional participation still weak compared to ETH and SOL, e show say network effects limited. Ripple want increase how people dey use am through AMMs, e stablecoin RLUSD, native USDC, plus EVM sidechain. But experts talk say enterprise adoption still depend on on-chain activity and decentralisation. Without big growth for DeFi and compliance-friendly upgrades, XRP go face pressure from stablecoins and competitor blockchains.
Bearish
Swift public criticism of XRP as “dead chain walking” and data wey dey show minimal DeFi TVL plus low institutional interest dey create negative sentiment for XRP. Traders fit shift their focus go blockchain wey get strong network effects like Ethereum and Solana or to stablecoins wey gok compliance like USDC. History show say past legal wahala wey cause price drop fit make confidence shake, fit trigger short-term selling pressure for XRP. For long term, unless Ripple deliver upgrades and improve on-chain activity, market cap and trading volume no likely to recover, making outlook bearish.