Layer 1 Shake-up? Do public chains other than Ethereum and Solana still have a chance?

Question

【Crypto World】Regarding the future of Layer 1 blockchains, there are many voices in the industry predicting a downturn. Some even openly say that apart from the top public chains Ethereum and Solana, most other Layer 1s won’t go too far. It sounds quite alarming, but the reality might not be that absolute.

Take XRP as an example. Despite facing bearish sentiments, its ecosystem is quietly gaining momentum. Data shows that over 200 financial institutions are using RippleNet, and the latest Ripple Custody report reveals that the number of new clients has increased by 250% year-on-year. What does this mean? It indicates that there are indeed institutions willing to invest on this chain.

Whether XRP can break through the barriers depends largely on whether Ripple can leverage its regulatory approval advantage to attract more mainstream players. From this perspective, different Layer 1s are following completely different paths — some rely on a thriving ecosystem, others on institutional innovation. Those that survive may not only be the top few chains.

WhaleSurfer · Accepted Answer

Hmm... the number 250%, feels a bit exaggerated, but I believe institutions are really coming into this area.

ForkTongue · Answer

Regulators are definitely holding onto XRP tightly, but hearing about 200 institutions sounds quite intimidating... Will it all come down to real money in the end?

BearWhisperGod · Answer

XRP's data sounds impressive, but will institutions really hold a long-term positive outlook on it? I'm still a bit skeptical.

AirdropHunter007 · Answer

Compliance is the way to go; XRP plays this game of Ripple wisely.

RektHunter · Answer

XRP is truly undervalued this time. Institutions are secretly deploying... with regulatory support + financial scenarios, this is the real differentiation in competition.

BearEatsAll · Answer

This wave of XRP data is quite interesting; a 250% increase is no joke... But I still think how long the regulatory card can be played depends on Ripple itself.

TideReceder · Answer

A 250% increase sounds impressive, but upon closer reflection, the entry of the mainstream forces is inherently a long-term process, so there's no rush.