Ripple CTO Pokes Fun At Jed McCaleb And Stellar (XLM)

While the weekly bustling weekend cryptocurrency market does not spoil investors with activities, David Schwartz, CTO of Ripple and self-described architect of the project infrastructure, brings the fun on this August Saturday.

This crypto fan was obviously in a competitive mood when he pointed out that the dot separating the two tickers should have been substituted with a “>” in a tweet from this morning that featured Connecticut’s “XRP • XLM” license plates.

The people who work in the cryptocurrency industry laughed at this amusing outburst because they undoubtedly recall how the relationship between the founders of one of the first multibillion-dollar crypto firms began.

Who really is bigger? Ripple

However, there is always some truth to a joke, as it turns out that Ripple is actually “larger” than Jed McCaleb’s Stellar if we scale Schwartz’s equation using actual capitalist scales. For instance, based on CoinMarketCap’s estimated valuation, Ripple is six times bigger than its rival than Stellar, with a firm size of $18 billion as opposed to $3.11 billion.

However, it would be unfair to discuss this without showing some respect to Stellar, especially in light of the company’s generally good second-quarter 2022 report. According to McCaleb’s study, there are 6.98 million Stellar accounts overall, a 28.5% rise from the previous year. While the number of transactions surged by 88% to 823.1 million during the same period, the number of payments increased by 415% year over year to reach 38.786 million.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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