This sets it apart from other blockchain projects whose success directly depends on the strength of retail adoption.
According to Claver, the San Francisco-based company does not prioritize retail-focused use cases. Instead, it focuses on enterprise and government-level solutions that constitute the company's value proposition. "While retail investors can hold XRP and use the XRP Ledger, Ripple’s primary aim is to facilitate institutional-grade transactions and cross-border settlements with speed and efficiency," Claver noted. a new low of just $80 million. This shows that developers are leaving the ecosystem while capital is moving out. This underwhelming performance is largely contributed to the XRP Ledger's failure to make a dent in DeFi and the meme coin sector.