For years, the XRP community has been grappling with disappointment as their beloved token continues to underperform. Despite legal victories against the SEC, XRP’s price remains stagnant, leaving holders yearning for a breakthrough.
While some blame the lawsuit or Ripple’s escrow release, influential voices within the community are urging a deeper look. They believe the main reason for XRP’s struggle lies in the lack of developer activity.
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Leading figures like Bill Morgan and Moon Lambo are encouraging the community to move beyond simple explanations and face the reality of the XRP ecosystem. Moon Lambo, in particular, advocates for a data-driven approach, highlighting the noticeable difference between XRP’s developer numbers and those of its competitors.
I think this is one of @MoonLamboio’s most important YouTube segments. It is a must listen. The issue of the extent of development on the XRP ledger is a critical issue. The XRP community needs to move on from explaining its disappointment with XRP price action with facile…
— bill morgan (@Belisarius2020) January 21, 2024
Revealing the Developer Disparity
Moon Lambo, a popular XRP YouTuber points out the statistics from Developerreport.com. While the crypto industry boasts over 22,000 monthly active developers, XRP trails far behind with only 45 full-time and 136 total active developers. This means that more than 45 other blockchains have surpassed XRP in developer engagement.
When it comes to developer activity, Ethereum takes the crown. With over 7,800 active developers and an impressive 58 million commits last year, Ethereum showcases a thriving ecosystem full of innovation. Polkadot and Polygon also follow suit, featuring vibrant communities of builders.
The Link Between Developers and Price
But how does developer activity affect the price? Crypto influencer Blockchain Backer has established a direct correlation between developer activity and price appreciation during the previous bull run. Moon Lambo echoes this idea, emphasizing the logical connection between developer engagement and a project’s potential for success.
A Call to Action for the XRP Ecosystem
This reality serves as a wake-up call for the XRP community. To ensure the long-term success of XRP, a significant increase in developer activity is essential. Expanding the capabilities for building various applications on the XRPL is a critical step in attracting talented developers.
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However, the ongoing SEC lawsuit and the broader regulatory landscape surrounding cryptocurrencies can create hesitation and dampen developer confidence in the future of XRP.
While developer activity plays a significant role, it is not the sole factor influencing price. Regulatory uncertainty, market conditions, and the overall health of the ecosystem all contribute. However, fostering a vibrant developer community is a necessary condition for XRP’s future success.
Moving forward, a comprehensive approach is needed for XRP. Addressing regulatory concerns, promoting innovation on the XRPL, and actively attracting and nurturing developers are all vital pieces of the puzzle. Only by tackling the lack of developer engagement can XRP break free from its current stagnation and reclaim its position at the forefront of the crypto world.
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