XRP News Today: XRP Legal Expert Challenges Chainlink-XRP Comparisons, Cites 10-Year Market Resilience and Technological Growth

A legal expert has criticized recent comparisons between XRP and Chainlink, arguing that the criteria used to evaluate the two cryptocurrencies are incomplete and misleading. Bill Morgan, a prominent legal voice in the XRP community, addressed the issue on social media, emphasizing that assessments of XRP’s value and relevance often overlook key aspects of its technological and market development [1]. His critique challenges the narrative that positions Chainlink as superior, particularly in light of XRP’s decade-long presence in the top ten cryptocurrencies by market capitalization [2].

Morgan highlighted that critics frequently focus on Ripple’s historical role in cross-border payments and its ownership of XRP, while neglecting the broader capabilities of the XRP Ledger (XRPL). He pointed to recent advancements such as the integration of Automated Market Makers (AMMs) on the XRPL’s native decentralized exchange, as well as the implementation of an Ethereum Virtual Machine (EVM)-compatible sidechain. These developments, he argued, expand the ledger’s appeal to developers and users, enabling a wider range of decentralized financial applications [2].

The legal expert also underscored XRP’s liquidity advantages, noting its status as one of the most traded digital assets globally. While Chainlink’s technology has garnered recognition for connecting smart contracts to real-world data, Morgan observed that Chainlink has struggled to regain a position within the top ten cryptocurrencies—a market standing XRP has consistently maintained for over a decade [2]. This, he suggested, reflects XRP’s enduring utility and adaptability in a rapidly evolving crypto landscape.

Morgan further contended that XRP’s utility is expanding beyond traditional use cases. He cited growing interest in XRP for futures and spot exchange-traded funds (ETFs), as well as its potential in institutional treasury management. These developments, he argued, demonstrate XRP’s versatility in generating yield through financial products and decentralized finance (DeFi) applications. Critics who fixate on Ripple’s ownership stake and payment-centric branding, Morgan warned, risk overlooking the asset’s decentralized infrastructure and community-driven innovations [2].

The debate underscores broader tensions in cryptocurrency valuation frameworks. While technical merits and market dynamics are often cited as key metrics, Morgan’s analysis suggests that these factors must be contextualized within the full ecosystem of a project. For XRP, this includes its role in fostering financial inclusion through cross-border payments, its growing integration into DeFi, and its liquidity-driven appeal to institutional investors. By contrast, Chainlink’s focus on oracles and smart contract connectivity, though valuable, has not translated into equivalent market performance [2].

The critique also touches on the evolving narrative around XRP. Historically labeled as a “banker’s coin” due to Ripple’s financial sector partnerships, Morgan argued that such characterizations fail to reflect the XRPL’s decentralized nature. The ledger’s open-source architecture and expanding developer community, he noted, align it with broader blockchain principles of transparency and innovation [2].

As the crypto market matures, the distinction between asset valuations and use cases becomes increasingly complex. Morgan’s arguments highlight the need for a more nuanced evaluation of digital assets, one that balances technical innovation with real-world adoption and liquidity. While Chainlink’s role in blockchain ecosystems remains significant, the XRP community’s focus on expanding the XRPL’s capabilities and market reach could position it as a formidable contender in the long term [2].

Source:

[1] [TimesTabloid: Legal Expert Slams Chainlink and XRP Comparison](https://x.com/TimesTabloid1/status/1949005011515514919)

[2] [TimesTabloid: XRP’s Expanding Market Use and Technological Advancements](https://timestabloid.com/legal-expert-slams-chainlink-and-xrp-comparison/)