XRP’s future is looking bright, and the reason is BIG – a $1.4 quadrillion market opportunity. Ripple‘s CTO, David Schwartz, believes XRPL can grab a piece of this pie thanks to its low fees and easy integration with decentralized exchanges. This could mean trillions of dollars flowing into the crypto market, potentially boosting XRP’s price in a major way.
But can XRPL capture that 1% share and become the go-to platform for tokenizing real-world assets?
Read on to find out why experts are calling this a game-changer for XRPL and XRP, and why you shouldn’t miss this developing story.
During the Apex 2023 developer summit, David Schwartz showcased XRPL’s standout features for real-world asset tokenization.
With low transaction fees and seamless integration with decentralized exchanges (DEX), XRPL aims to become the preferred platform for launching tokenized real-world assets. Schwartz predicts reaching this milestone within the next 18 months, stirring excitement in the XRP community.
Understanding XRPL’s Potential
A recent Good Morning Crypto podcast revisited David Schwartz’s thoughts on XRPL’s potential in the RWA tokenization market.
Expanding on this, the podcast highlighted the vast opportunity. In a market valued at $1.4 quadrillion, even a modest 1% capture could result in trillions flowing into XRP. To put it simply, 1% of $1.4 quadrillion equals $14 trillion, surpassing the current overall crypto market cap of about $1.65 trillion. While XRP getting trillions is uncertain, these events suggest XRPL might change the crypto landscape.
Adding to the buzz, pro-XRP attorney Bill Morgan emphasized the rarity of blockchains with built-in DEX and low fees. He asked, “How many layer 1 blockchains have an in-built DEX and low fees?”
Significantly, discussions expanded on earlier insights from Graham Rodford, CEO of U.K. exchange Archax. Rodford estimated that by 2025, XRPL could process a staggering $50 trillion within the RWA tokenization context. With the total RWA market valued at $1.4 quadrillion across all asset classes, Rodford highlighted the growing trend of assets transitioning to blockchain technology.
Also Read: Ripple Returns: XRP Poised to Enter US Market After 3-Year Hiatus
David Schwartz’s vision, alongside industry experts’ optimistic projections, places XRPL as a force to be reckoned with.
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