XRP Community Disappointed, Flare CEO Pins Hopes on XRPL
Date: 2024-01-23 Author: Dima Zakharov Categories: BLOCKCHAIN
Flare CEO Hugo Filion believes that the solution lies in introducing programmability to XRPL, Ripple's native blockchain. Unlike Ethereum, XRPL currently does not allow developers to easily build functionalities on it, hindering its growth and potential within the crypto revolution. Filion sees Flare, Hooks, and sidechain activation as potential solutions that could unlock XRPL's flexibility and make it a fertile ground for innovation, attracting developers and creating a dynamic ecosystem.
Mobarak, on the other hand, supports the idea that meme coins will continue to outshine XRP, further emphasizing the growing concern within the community.
XRP stands at a pivotal juncture, and its path forward requires addressing developer accessibility issues and fostering a thriving development ecosystem. Flare's proposal offers an enticing glimpse into a future where XRP finds its place and contributes to the world of decentralized applications (dApps).
Exploring Developer Ecosystems of Notable Projects
In a recent YouTube video, XRP Moon Lambo examined the current state of the XRP ecosystem and compared it to other projects. He highlighted the level of developer involvement in various blockchain ecosystems, particularly in terms of their growth.
According to Developerreport.com's statistics as of the end of 2023, there were a total of 22,411 active developers in the crypto landscape. Among them, 6,889 worked full-time, while 12,363 worked part-time. Furthermore, by December 31, 2023, the crypto ecosystem had 3,159 one-time contributors.
Ethereum leads the pack in terms of development activity, boasting 7,864 active developers, with 2,392 working full-time. These developers collectively made 58,117,360 commits as of the end of the previous year. Polkadot (DOT) and Polygon (MATIC) lag significantly behind Ethereum in terms of their developer ecosystems.
In contrast, XRP was significantly behind, ranking far down the list and trailing at least 45 other blockchains. Specifically, data revealed that there were only 45 full-time developers and 136 active monthly developers within the XRP Ledger (XRPL).
Is There a Connection to Prices?
Notably, XRP Moon Lambo raised a pertinent question about the significance of developer activity. To answer this question, he cited the analysis of another notable cryptocurrency figure, Blockchain Backer.
This analyst identified a significant correlation between developer activity and its impact on price growth during the last market cycle.
XRP Moon Lambo acknowledged this correlation, agreeing that developer participation logically plays a crucial role in influencing cryptocurrency prices.
