While market attention has been focused on Ethereum, Solana or rollups, XRP is coming back into the conversation. Long hampered by regulatory turbulence, the asset is finding a second wind, driven by favorable technical dynamics and a rise in power of its infrastructure, the XRP Ledger. Influential voices in the sector now see it as an underestimated catalyst, capable of reactivating a growth cycle based on real uses and proven architecture.

In brief
- XRP is attempting a strategic comeback after years of regulatory controversy.
- Panos Mekras, historic player in the ecosystem, warns of the structural flaws of the XRP Ledger.
- The lack of liquidity, tools for developers and an overly institutional vision slow down adoption.
- Ripple is looking to reposition XRP as a mainstream asset, and no longer just a banking one.
Structural flaws within the XRP Ledger
In a series of publications published between January 6 and 14, Panos Mekras, co-founder of the company Anodos and long-time player in the XRP ecosystem, took the floor to deliver an uncompromising analysis on the state of the network, while the patience of investors could soon be rewarded.
“I have never been more optimistic about XRP, and especially XRP Ledger“, assertshe said, while calling for awareness of the structural blockages that slow down adoption. Present in the ecosystem for more than ten years as an investor, advisor and builder, Mekras maintains that the project has gone through several market cycles without its real functionalities being fully highlighted.
He believes that the almost exclusive focus on institutional use via Ripple has masked the other native capabilities of the protocol, particularly in terms of decentralized finance (DeFi) and tokenization.
In his January 6 analysis, Mekras identifies several structural weaknesses that he believes explain why XRP is not capturing more liquidity and attention despite its robust architecture:
- Too low volumes on the native XRPL DEX, limiting real economic activity on the network;
- Insufficient liquidity in AMM (automated market makers) pools, which hampers smooth trading and effective price formation;
- Fragmented development tools, making entry difficult for new developers;
- A lack of clear incentives for developers and contributors, which hinders innovation within the ecosystem;
- An erroneous perception of the ledger as reserved for institutions, which reduces its attractiveness to the general public.
According to Mekras, these issues result in a large portion of XRP liquidity remaining dormant, preventing the protocol from fulfilling its economic potential. XRPL, despite its history and stability, is today outstripped by more agile networks like Ethereum, Solana or Cosmos, which have been able to activate their community of developers and multiply concrete use cases.
Towards a revival of utility: technical levers to boost XRP
Beyond the observation, Panos Mekras outlines an ambitious roadmap to awaken the potential of the XRP Ledger.
According to him, several reforms are essential to revive activity on the network. In particular, he recommends the introduction of sponsored fees, the implementation of batch transactions, increased liquidity incentives, as well as a faster deployment of funds dedicated to developers.
These measures aim to simplify onboarding, strengthen access ramps, and provide a more attractive environment for developers. It's not just about modernizing the infrastructure: the real goal is to make it a platform capable of hosting consumer applications where the complexity of blockchain disappears behind the user experience.
In another statement posted on January 14, Mekras also attacks preconceived ideas: “It's 2026, and some still believe that XRP is not intended for individuals or that it was designed only for banks. If you still believe that, you really need to do your own research instead of listening to influencers who are selling you dreams“.
With these words, he seeks to reposition XRP as a general public asset, and not as a tool reserved for financial institutions. This strategic clarification could be decisive at a time when experts anticipate a historic bull run during this year and crypto adoption is increasingly based on concrete use cases, accessible and readable for the average user.
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