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Originally Posted by Tiger
Thanks for this, My understanding of TVL is definitely lacking, but do you think there decentralize exchange set up for cross board exchanges kind of makes it that they don't really prioritize DeFi and therefore have a lower TVL. Like is it their use case that is more interesting than others that may be inflated with staking and by #### like NFTs. and is ripple's outlook better with maybe a more clear regulatory path that may have been holding it back?
I appreciate the discussion PsY!
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Yeah most of the first-gen L1s (XRP, XLM, DASH, etc.) don't really have much DeFi (if any).
I think XRP is more akin to TRON than anything else, based on how they model themselves. The major difference being TRON is handling 50 to 80 million transactions daily for payment processing, mostly in Asia.
I'm curious how XRP is going to do better. They've been beat at their own game for years.