His argument doesn’t rest on raw performance data. Instead, it centers on what the XRP Ledger was deliberately designed to leave out.
According to Vet, the protocol skips features like complex smart contract composability and staking — tools common on rival chains — because those features carry hidden dangers.
Classic DeFi has a long way to go to replace TradFi completely as we can see.
XRP will lead the new wave of DeFi.
People aren’t ready for it but it’s inevitable, our protocol design choices are superior and more robust for high value use cases such as DeFi replacing TradFi.
Traditional finance, he added, is far from being replaced by existing DeFi systems, and XRP’s design makes it better suited for that long transition.
Philion said he supports both XRP and the XRP Ledger, but argued that no protocol earns the right to claim it is better until it has been put through real pressure at real scale.
As you know I am a big believer in XRPL and XRP but this kind of grave dancing is extremely unseemly especially as various protocols have had issues and bugs when being rolled out on XRP Ledger.
Before commenting on the superiority of protocol design choices etc you would need…
He pointed out that multiple crypto protocols — including those tied to XRPL — have run into bugs and rollout problems.
DeFi, he said, is still maturing across the board, and XRP’s entry into the space should be seen as part of that wider development, not a leap ahead of it.
Vet responded by clarifying his position. He was not arguing that XRP beats the competition outright.
His point, he said, was about managing downside risk — and that the trade-offs baked into the XRP Ledger are intentional choices, not shortcomings.
Featured image from Meta, chart from TradingView
