Бывший директор Ripple объясняет, почему XRP в 10 раз дороже LINK

cryptonews.ruPublished on 2025-02-27Last updated on 2025-09-30

Бывший директор Ripple Мэтт Гамильтон заявил, что прямое сравнение XRP и Chainlink (LINK) некорректно, поскольку это fundamentally разные активы. Его комментарий прозвучал в ответ на вопрос, почему рыночная капитализация XRP многократно превышает капитализацию Chainlink, несмотря на партнерство последнего с межбанковской системой SWIFT.

Повод для дискуссии

Поводом для спора стало объявление SWIFT о разработке блокчейн-реестра для круглосуточных трансграничных платежей. Компания Chainlink, чей оракул-протокол участвует в проекте, подчеркнула значимость этого партнерства.

Эту новость прокомментировал бывший глава Coinroutes Дэйв Вайсбергер. Он задался вопросом, почему XRP оценивается рынком в 12 раз выше ($173 млрд против $14,6 млрд у LINK), хотя у Chainlink есть работающее партнерство с SWIFT и понятная модель распределения доходов среди держателей токена.

Аргументы сторон

Позиция Гамильтона: Сравнение не имеет смысла, так как XRP — это нативный актив самостоятельной блокчейн-сети (XRP Ledger), в то время как LINK — это утилитарный токен, используемый в рамках протокола Chainlink. То есть, XRP — это валюта с собственной операционной системой, а LINK — инструмент в экосистеме других блокчейнов.
Контраргумент Вайсбергера: Даже если Chainlink — это платформа (как LinkedIn), она генерирует доход, часть которого получают держатели токенов. Ценность же XRP, по его мнению, держится на дефиците и низких комиссиях, и если цена актива сильно вырастет, это может снизить его доступность для транзакций.
Ответ сообщества XRP: Этот аргумент был опровергнут: комиссии в сети XRPL остаются ничтожными и не зависят от цены токена, а его рост, напротив, повышает эффективность как расчетного актива.

Суть противоречия

Спор свелся к классическому вопросу крипторынка: что важнее для оценки — фундаментальные показатели и монетизация (как у Chainlink) или статус базового актива самостоятельной и широко используемой сети (как у XRP). Рынок пока отдает предпочтение последнему.

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