Analyzing the recent strategies of industry giants:
ETH: Former Ethereum researcher Péter Szilágyi claimed he rejected a $5 million request for Geth's independence proposal and accused the Ethereum Foundation of secretly funding a competitive Geth team, which confirms the existence of governance struggles within Ethereum.
XRP: Nasdaq-listed company VivoPower deployed $100 million in XRP through Flare's FAssets protocol, with the earnings used to continue repurchasing XRP, creating a self-compounding treasury. This effectively introduces XRP into compliant programmable and high-yield scenarios, and replicates the treasury compounding model on-chain. In other words, XRP primarily provides institutions with long-term U.S. Treasury and liquidity insurance.
ONDO: Ondo Finance migrated its tokenized U.S. Treasury fund OUSG to the XRP Ledger; redemptions use Ripple's stablecoin RLUSD, making it convenient for institutions to directly purchase U.S. Treasury yields, with Ondo serving as the settlement layer.
