Ripple CTO Fires Back at XRP Ledger Criticisms, Highlights Growing Utility

Ripple CTO Emeritus David Schwartz has fired back at criticism of the XRP Ledger. The XRP critic accused the Ripple-developed technology of being a 'ghost chain', but Schwartz countered that it's a 'weird thing to say'. He highlighted the XRP Ledger's cheap fees, which make it attractive to different users.

According to Schwartz, if the XRP Ledger were more expensive and fewer people did low-value transactions on it, would that somehow make it better? This question seems to address the critic's claim about XRPL being a ghost chain. The use of the word 'usage' in the critic's response implies that the XRP Ledger is not a ghost chain.

The XRP Ledger has seen significant growth in its utility, with institutional DeFi adoption driving more XRP operations. The distributed real-world asset market cap on XRPL stands at $458.37 million, while represented asset value reaches $4.06 billion.

Agentic finance is also seeing increased usage of the XRP Ledger, with total agentic transactions surpassing 4.8 million. AI agents pay for token analysis and other services using XRP or RLUSD on XRPL.