Panos, co-founder and CEO of Anodos Finance, has outlined a critical view of the XRPL ecosystem’s stagnation despite his long-term bullish stance. He shared concerns over low DEX volumes and TVL, alongside a talent drain. To counter this, he proposed a detailed strategy for Ripple’s $1 billion ecosystem fund, focusing on grants, liquidity, infrastructure, and community engagement to spur growth.
Panos, co-founder and CEO of Anodos Finance, stated his long-term bullish stance on XRP and the XRPL but emphasized the need for honesty about its current state. He noted worrying signs of stagnation, with daily DEX volumes below $10 million and AMM TVL struggling under $50 million.
Talent is leaving faster than it joins, and venture capital interest remains low. He said most investors and top talent view XRPL as an inactive chain with low liquidity and few users. Even with upcoming ETFs and upgrades, he warned the ecosystem risks being left behind without structural change.
Panos proposed a clear plan for Ripple’s $1 billion XRPL ecosystem fund announced in 2022. The strategy includes four grant tracks: the Genesis Fund for new developers, the Scale-Up Accelerator offering up to $1 million, the $100 million Exodus Migration Fund, and the Global Exposure Fund for mainstream outreach.
He argued that robust infrastructure is essential for the XRPL‘s success. This includes native tools for deposits, developer funding, sandboxing, and bug bounty programs to retain core talent.
Panos also called for increased community participation in governance, product testing, and event organization. His comprehensive approach aims to provide the liquidity, talent, and user activity currently lacking in the ecosystem.
