Stellar (XLM) and Ripple (XRP) continue to exhibit a significant price correlation, a trend observed over the past decade.
Despite this historical linkage, key on-chain metrics now reveal diverging strengths between the two assets facing similar market conditions.
On the activity front, Stellar leads with significantly higher daily active addresses, totaling 80,000 per day compared to Ripple’s 33,000.
Stellar also holds a commanding position in total value locked (TVL), standing at $137 million within its ecosystem against a lower TVL figure for XRP.
Conversely, Ripple maintains dominant retail interest among investors.
Google Trends data reflects consistently higher search volume for XRP, translating into considerably larger daily trading volumes reaching $6 billion versus XLM’s $1.3 billion.
XRP’s market prominence is further supported by widespread speculation regarding a potential spot Exchange-Traded Fund (ETF) approval and a stronger overall media presence.
While Stellar’s technical execution demonstrates strengths in on-chain adoption, challenges persist in surpassing XRP’s established retail trading activity.
Analysts observe that both assets continue to share core financial messaging use cases, particularly with ISO 20022 standards, linking their market trajectories.
Investors are advised to consider the complementary strengths and persistent correlation between XLM and XRP when evaluating exposure to this segment of the cryptocurrency market.