The company Ripple behind Major Cryptocurrency XRP, after online entrepreneur Andrei Zeek, is facing community backlash after questioning the company’s projects and transparency.
Jakh on Wednesday faced X to give voice to several concerns about Ripple, including a lack of verification data to support the company’s claim to get more than 300 bank participation in its 13 years of operation.
Ripple’s Chief Technology Officer, David Schwartz, immediately joined the X Thread, who addressed all six questions raised by Zeek to defend the company’s approach for transparency, onchain data and institutional adoption.
“I think there are many reasons that institutions have preferred to use digital assets of-chains instead of historically on-chains,” Schwartz wrote, even Ripple does not use decentralized transactions on its XRP laser (XRPL).
Ripple Exc believes that onchen adoption is slow
Although highlighting institutional preferences, Schwartz suggested that the trend is “close to changing” because the institutions are beginning to look at the benefits of transferring onchain. “
“But I believe it has been very slow,” he said, Ripple’s choice to not rely on the XRPL dex for payment argues that terrorism was due to concerns related to financing.
“We cannot sure that a terrorist will not provide liquidity for payment,” Schwartz said.
He also mentioned that features like “permitted domain” could be a tool to address the issue, but did not explain how this could be a solution.
What is XRPL, and how big it is?
Launched in 2012, XRPL is a decentralized, open-source blockchain that serves as a foundation for the underlying cryptocurrency XRP (XRP,
The XRPL has been at the center of the growing number of enterprise partnerships as “decentralized public blockchains manufactured for business”. These include the initiative of tokens with the Government of Dubai and the US investment firm Gugneheim, both announced in June 2025.
Despite the increase in institutional interest, there is still a lack of transparent, onchain tracking tools, to show how this partnership is translating the amount of actual transactions on the XRPL network.
Platforms like Difilama Report The total value lock (TVL) on the XRP laser desertralized finance (Defi) applications is only $ 81.8 million, but according to Schwartz, most institutional activity is offchin and thus remains unpublished.
Ripple recorded 30% -40% on XRPL in Q1
After the period of significant growth in 2024, onchain activity on XRPL declined in the first quarter of 2025, Ripple Informed In May 2025.
Ripple said, “In accordance with the activity contraction seen in major blockchain such as bitcoin and atherium – both new wallet construction and overall transactions on XRPL declined by 30–40%.”
The report also mentions that XRPL’s “defi activity proved to be more flexible than other segments,” decentralized exchange volumes only reduced by 16% quarter-over-quarter.
Ripple Winds Down XRP Markets Report Current
In the same quarterly report, Ripple mentioned that the company decided to sunset the report in its current form starting in Q2 2025.
“While the report is developing, the ripple will remain transparent and will share the relevant updates on Ripple and XRP-related announcements through its official channels, including Repulses and ReplexDev […]”The company said, adding:
“As more institutions are attached to the XRP, expecting additional approaches and insights, carrying forward the market interaction.”
Cointelegraph contacted Ripple to comment on tracking XRPL volumes, but did not receive a reaction by publishing.
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