- CoinFund President Chris Perkins says Ripple’s $130B market cap exceeds major exchanges.
- Zero Knowledge founder questions how RLUSD will build distribution without exchange partnerships.
- Bitwise President praises Hidden Road acquisition as bridge between TradFi and crypto markets.
CoinFund President Chris Perkins has urged the cryptocurrency industry not to overlook Ripple during a recent Unchained podcast episode. The executive shared his perspective on the company’s current position and growth trajectory.
Austin Campbell, founder of Zero Knowledge Group, asked Perkins to share thoughts on what market participants might have missed about Ripple. Perkins explained that New York City recently hosted multiple industry conferences including Chainlink’s SmartCon and Ripple Swell, both drawing considerable attention.
Market cap comparison highlights scale
Perkins focused on Swell, stating the event shows the company’s growing momentum. He highlighted XRP’s market capitalization above $130 billion as evidence of how strong Ripple’s foundation has become. The executive mentioned Ripple’s plans to distribute stablecoin RLUSD and its acquisition of Hidden Road as indicators of an ambitious expansion strategy.
“They have a ton of capital,” Perkins stated, adding that Ripple’s ecosystem “could be formidable if they execute.” He compared XRP’s market value to major financial companies, noting that CME Group and Intercontinental Exchange each stand at around $90 billion, placing XRP’s valuation above both.
Perkins said he was eager to observe how Ripple deploys its capital, describing the company as “very much on the offense right now.”
Campbell responded by noting he had previously viewed Ripple as “capital in search of customers,” arguing the firm’s primary challenge involves distribution. He explained that for stablecoins to succeed, strong distribution networks have consistently been the differentiating factor. “If you look at stablecoins that have succeeded over time, distribution has almost always been the winning thing,” Campbell stated.
Distribution challenges questioned
Campbell noted that the most successful stablecoins, particularly those exceeding $20 billion in market value, maintain connections to major exchanges. He questioned how Ripple plans to reach users and build adoption for RLUSD to achieve success.
The Zero Knowledge founder suggested that Ripple appears to have adopted a business-to-business approach rather than business-to-consumer strategy, which aligns with recent activities and partnerships. Campbell added that a central question involves whether value from Ripple’s operations will accrue to the XRP token or other parts of its ecosystem. He emphasized his comments were not investment advice regarding XRP purchases.
