According to the external analysis, the market value gap between Solana and XRP is no longer a price contest, but depends more on the continued expansion of the use of the chain, the revenues of the agreement and institutional funds. According to the data, the current market value of XRP is about $6,912 million and that of Solana is about $47,422 million, which remains ahead.

There's a clear lead on the Solana chain.

From the live address, Token Terminal data show that Solana currently has about 3.3 million live addresses, one of the second-highest-used Layer 1 networks, with a market share of nearly 23 per cent. In contrast, the XRP Ledger Daily Address ranges from approximately 15,000 to 16,000, and even when it rises to 233,000 to 395,000 during active hours, it falls significantly behind.

There are similar gaps in transaction and income data. According to the report, XRP Ledger handles approximately 1.7 million transactions per day and earns about $1900 per day in fees. Since the beginning of 2026, the cumulative Solana agreement has generated approximately $36.7 million, second only to the Ether and Waves in the public chain; during the same period, the XRP Ledger was about $7669 million.

There's still a big gap in DeFi locking.

In the area of decentralised finance, Solana continues to have a clear advantage. DefiLlama data show that Solana currently has a total warehouse value of over $5 billion, while XRP Ledger is about $38.6 million.

Although Solana’s TVL has returned from a high point of close to $9 billion a year, the overall volume is still much higher than the XRP ecology. This means that Solana ' s ecological expansion is faster when looking only at chain activity, financial siltation and agreed income generation.

XRP still has an institutional advantage.

However, XRP is not without support. According to the article, Ripple remains the main source of advantages for XRP in terms of institutional cooperation and compliance layout. The report mentions that Ripple has already held nearly 75 regulatory plates worldwide and has worked with agencies such as SBI Holdings, Santander, PNC Bank, CIBC and Aviva Investors to cover cross-border payments and monetization.

ETF financial flows are also an important support for XRP today. According to the paper, the cumulative net inflows of the XRP ETF were approximately $1.49 billion, up from $1.14 billion in Solana ETF. This suggests that at the level of institutional products, the XRP remains more attractive for funding.

How much more does Solana need?

If the XRP price remains constant near $1.10 US dollars, Solana will need to rise to approximately US$ 119, an increase of about 46 per cent over the current US$ 81, to have the opportunity to equalize or exceed the market value of the XRP.

At the same time, however, the article notes that a price rebound alone may not be sufficient. If we are to truly achieve the reverse market value, Solana will also need to continue to expand the network, maintain user activity and attract more institutional demand into its ecology.