TLDR
- XRP had a market value of about $58 billion on November 14, versus $41.5 billion for Solana.
- Solana holds about $4.6 billion in DeFi value, against about $29 million on the XRP Ledger.
- Solana supports nearly $14 billion in stablecoins. The XRP Ledger supports about $851 million.
- Both coins have US-listed spot ETFs holding roughly $1 billion each.
- About 31.7 billion XRP remained in escrow controlled by Ripple at the end of September.
XRP and Solana have both faced heavy selling in November. The two coins remain among the largest in the crypto market. Their market values and network use now look very different.
CoinMarketCap data from November 14 showed XRP at about $0.91, with a market value of $58 billion. Solana traded near $70, with a value of $41.5 billion. That leaves XRP’s total value about $16.5 billion higher.
How the Two Networks Compare
XRP’s market value is roughly 40% higher than Solana’s. Even so, Solana runs far more activity in decentralized finance and trading. The network data shows how large that gap is.
DefiLlama figures show Solana holds about $4.6 billion in DeFi total value locked. The XRP Ledger holds about $29 million. That makes Solana’s figure roughly 160 times larger.
Daily trading on decentralized exchanges shows a similar pattern. Solana recorded about $1.5 billion in daily volume. The XRP Ledger recorded $8 million.
Stablecoins show the same gap. Solana supports nearly $14 billion in them, while the XRP Ledger supports about $851 million. That is roughly 16 times more on Solana.
XRP is built mainly for payments and settlement. Transactions on the XRP Ledger typically settle in three to five seconds. The network is positioned as an alternative to traditional cross-border payment systems.
Ripple has also expanded its institutional financial services. Not every transaction involving its products requires XRP. Business growth at the company therefore does not directly set demand for the token.
Solana’s ecosystem covers trading, lending, payments and tokenized assets. It hosts a much larger base of decentralized applications than the XRP Ledger. These apps account for much of the activity shown in the data above.
Both coins now have US-listed spot exchange-traded funds. The Block reported about $1.1 billion in XRP fund assets on November 14. Solana funds held about $1 billion on the same day.
Supply and Technology
XRP has a fixed maximum supply of 100 billion tokens. About 31.7 billion were still held in escrow controlled by Ripple at the end of September. That is roughly 32% of the total.
Solana has no fixed maximum supply. It issues new tokens through staking rewards. That design differs from XRP’s fixed cap.
Its inflation rate is set to fall gradually toward a long-term target of 1.5%. Staking also carries exposure to validator performance and token dilution.
Solana’s Alpenglow consensus upgrade went live in October 2026. It targets transaction finality of about 150 milliseconds. The upgrade is aimed at payments and financial applications.
Both coins face risks, including competition, regulation and weak crypto markets. Prices for each have fallen through November.
On November 14, XRP traded near $0.91 and Solana near $70.18. DeFi data from November 15 showed $28.8 million locked on the XRP Ledger and $4.59 billion on Solana.
