XRP Market Cap Is a Lie. Jake Claver in this recording: “Much of the XRP supply is escrowed as well as many other people holding it on their balance sheet as a collateral asset is what I believe it'll be used for over time.”
More on this subject: jakeclaver.com.
What this recording covers
Claver explains why evaluating a decentralized blockchain protocol differs fundamentally from assessing traditional corporate equities. Protocols do not function like conventional corporations, meaning traditional accounting metrics such as corporate earnings or operational margins do not apply to them. Furthermore, Claver distinguishes between total token issuance, reported circulating supply, and the actual volume available for open market transactions. He points out that significant portions of the token supply remain locked in institutional escrows or held on corporate balance sheets as reserves and collateral. Because institutional holders treat these allocations like restricted assets rather than liquid trading inventory, the actual float accessible across active trading venues, over-the-counter desks, and private liquidity pools is substantially smaller than headline supply figures suggest. Ripple regularly sends the majority of monthly unlocked tokens back into long-term escrow.
Where this fits
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