A discussion on whether $XRP will benefit from a multi-asset $XRP Ledger has reemerged, drawing strong criticism from prominent community figures.
Specifically, Panos, the CEO of Anados Finance, reacted to an obvious misconception rattling the $XRP community. He expressed displeasure that many still don’t understand what $XRP and the $XRP Ledger actually represent. Instead, they have believed the false narratives and exaggerated price predictions from influencers pushing clickbait content.
Key Points
- A debate on whether $XRP will benefit from a multi-asset $XRP Ledger has reemerged, drawing strong criticism from prominent community figures.
- The discussion began after $XRP Ledger dUNL validator Vet argued that assets such as $RLUSD and $USDC are not competitors to $XRP.
- Panos, the CEO of Anados Finance, noted that many still don’t understand what $XRP and the $XRP Ledger actually represent.
Debate on Perks of a Multi-Asset $XRP Ledger Saddening
The discussion began after $XRP Ledger dUNL validator Vet argued that assets such as $RLUSD and $USDC are not competitors to $XRP. He pointed out that the $XRP Ledger was designed as a multi-asset network where different forms of value can coexist.
You have it completely wrong if you think issued assets on the $XRP Ledger like $RLUSD or $USDC are in competition with $XRP.
The $XRP Ledger is a multi asset ledger and in itself a decentralized exchange.
Predictable fees and $XRP aggregating liquidity via auto bridging.
Sometimes…
— Vet (@Vet_X0) June 3, 2026
While $XRP serves a unique role in facilitating liquidity and settlement across the ecosystem, constraining the Ledger to only the asset negates its core functionality as a decentralized exchange in itself.
Vet also added that $XRP may not be suitable in cases where institutions don’t want volatility. The crypto asset often experiences price changes and fits well where users need profit. Other than that, he noted that stablecoins best fit transactions that require moving value without fear of a valuation change.
In response, Panos suggested that some of the comments on Vet’s post are saddening. He noted that this reflects the knowledge gap among some $XRP community members, who still have not had a grasp of what the technology represents.
Furthermore, his criticism centered on what he sees as an unhealthy obsession with speculative narratives while more important conversations around ecosystem development remain overlooked.
The Internet of Value Vision Versus Community Reality
For years, proponents have described the $XRP Ledger as a foundation for the “Internet of Value,” a system where assets can move across borders and platforms as seamlessly as information moves across the internet.
Panos’ analysis suggests that a network designed to move value efficiently requires value to exist on the network in the first place. Stablecoins, tokenized assets, commodities, stocks, lending protocols, decentralized applications, and liquidity pools all contribute to creating an active economic environment.
Rather than keying into expanding these use cases for the $XRP Ledger in 2026, he stated that some parts of the community still view ecosystem expansion as somehow threatening to $XRP itself.
Network Effects Matter More for $XRP Than Headlines
Panos argues that successful Layer-1 ecosystems have followed a similar path over the years, and $XRP should not be different from them.
First, they build liquidity, which attracts applications. Consequently, it brings users and developers, who create more products. Those products bring even more liquidity into the ecosystem, resulting in a self-reinforcing cycle driven by network effects.
According to him, none of these significant events is happening for $XRP at the moment. Rather than tackle this problem, the community is getting brainwashed with “nonsense theory” by “scamfluencers.”
His central point is that price increases cannot be separated from real utility. Without meaningful liquidity, active applications, consumer adoption, and builders creating products people want to use, it becomes difficult for any network to generate long-term demand.
Notably, Panos’ view aligns with the growing concerns among prominent community members that enthusiasts are focusing too much on price without a clear understanding of what $XRP stands for. Recently, analyst Zach Rector crashed out at influencers predicting ridiculous prices for $XRP, noting that it triggers “secondhand embarrassment.”
