2025-12-29 18:00:12

#数字资产市场动态 Recently, there have been many discussions about the true situation of XRP and Cardano. Frankly, having hype and narrative alone is no longer enough — you really need to see what’s running on the chain.

The data is straightforward: XRP has only 16,700 active addresses, and Cardano just over 19,000. Meanwhile, their market caps are over 100 billion and 13 billion USD respectively. This comparison is quite striking. Both are leading projects, but Ethereum and Solana have such vibrant ecosystems that these two seem somewhat "inflated" in comparison.

XRP is supported by Ripple’s payment business, and Cardano has unique advantages in academic research, so it’s not entirely lacking fundamentals. But the question is — are these applications truly generating on-chain activity? How many real users are participating? That’s the core of investment.

From industry discussions on December 29, more and more people agree on one logic: valuation must be supported by activity. No matter how compelling the story or how strong the community engagement, if it doesn’t translate into real on-chain interactions, the valuation will eventually face a correction. For investors, this is a reminder — when choosing projects, focus on fundamentals, don’t just listen to the hype.

XRP-2,2%

ADA-6,83%

ETH-3%

SOL-3,07%

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BearMarketSurvivor

· 12h ago

Honestly, I just want to know how many of these 16,700 addresses are bots spamming? --- No matter how many academic papers Cardano publishes, it's useless if there's no on-chain activity—it's just a paper tiger. --- I've said it before, no matter how much the story is hyped up to sky-high prices, in the end, it depends on who is actually using it. --- XRP's recent overvaluation is a bit ridiculous—only this much activity for a market cap of over 100 billion? Wake up. --- It seems everyone has learned to be smarter now, no longer fooled by narratives, and are starting to look at the data. --- When will ADA's research results translate into an ecosystem? I really can't see it clearly. --- The activity levels of Ethereum and Solana are not even in the same league—that's what a real ecosystem looks like. --- So, a valuation correction is only a matter of time—it's just a matter of who can't hold on anymore. --- The on-chain data is right here, what are you talking about? Real users will speak for themselves. --- I'm just here waiting to see how XRP justifies itself; this overvaluation can't be hidden.

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MeaninglessGwei

· 12h ago

Is this the same narrative again? XRP and ADA still have the audacity to claim a market cap of hundreds of billions with this level of activity? Wake up, everyone. --- Ripple's payment narrative has been around for so many years. Where are the on-chain users? Is storytelling really the most valuable thing? --- 16,700 addresses support over 100 billion... Just looking at this number makes me want to laugh. This is the price of being a retail investor. --- Honestly, I'm tired of the academic tone of ADA's narrative. If you can't provide on-chain data, don't boast. --- Comparing the Ethereum and Sol ecosystems—one is sky, the other is ground—how can anyone still tell me ADA has a promising future? --- So, fundamentals are the key. Don't let community sentiment hijack your mind. --- Whether it's overvalued or not, just look at the data. XRP should have already adjusted by now.

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DAOdreamer

· 12h ago

Back to analyzing coins? That 16,700 XRP address matching a $100 billion market cap, the more I look at it, the more I feel this thing is suspicious... Ripple's payment narrative has been around for so long, but where are the real on-chain users? No matter how beautiful ADA's academic papers are, if no one uses it, it's all pointless. Compared to SOL, it's indeed underwhelming; without hype, it can't hold up. A good story doesn't mean you can make money. It's time for everyone to wake up.

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ClassicDumpster

· 13h ago

18,000 active addresses support a market cap of 13 billion, the price difference is ridiculously huge. XRP and ADA have been heavily scrutinized; honestly, the stories are just too good, but on-chain data is disappointing. Ripple's payment business, Cardano's academic research... sound impressive, but where are the real users? What about activity? The data shows there's hardly anyone. This is the real issue—hype ≠ fundamentals. No matter how impressive the story, if no one uses it, it's pointless. Compare the ecosystems of Sol and Eth; the difference is obvious, making it easy to be cut off. Valuations will eventually return to reality. Instead of being harvested, it's better to see through it early.

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OffchainWinner

· 13h ago

Exaggerated narratives will eventually come to fruition; otherwise, it's just the story of a bagholder.

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ContractHunter

· 13h ago

16,700 addresses support a market cap of over 100 billion. This number is indeed outrageous, no wonder everyone is questioning it. --- Ripple's payment narrative has been around for so many years. Are there real on-chain users? Or is it mainly driven by stories? --- Basically, it's inflated. Projects like these are bound to hit a snag sooner or later. --- So now, choosing coins depends on on-chain activity. You can't just listen to community hype anymore; there are too many tricks to scam retail investors. --- XRP and ADA are compared to ETH and SOL ecosystems, and the gap is so big. That comparison really is a slap in the face. --- I'm a bit afraid of getting burned. Now, looking at a project's fundamentals is much more important than just following the hype. --- Academic research 🤦 is useless if there's no real usage; it has to be used by actual people. --- That's why it's still safer to buy the dips of ETH and SOL. No matter how good the story of small projects is, on-chain data speaks louder.

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WhaleWatcher

· 13h ago

To be honest, 16,700 addresses supporting a market cap of over 100 billion is already beyond ridiculousness and doesn't need further discussion. Where are Ripple's payment scenarios? Why is no one using it on the chain? No matter how fancy the story is, without real interactions, it's just air. ADA is still in the research paper stage, but what about the users? The gap between market cap and activity level is so large that it will eventually come back.

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