Chainlink (LINK) has overtaken XRP in terms of liquid market cap, as seen in the Messari market data platform. Messari operates on proprietary methodology and a series of quantitative and qualitative metrics to provide as accurate and relevant asset data as possible.
Chainlink's liquid market cap is only behind Bitcoin and Ethereum. Source.
Taking only liquid market cap into account, Chainlink has surpassed XRP with $7.7 million compared to the latter’s $6.3 million. On CoinMarketCap, XRP is shown to have a market cap of $8.9 million while LINK has a market cap of $2.7 million.
Messari takes steps to ensure that wash trading (where exchanges artificially inflate their volumes to give the impression of activity) is not accounted for in the rankings, something that CoinMarketCap does not take into account for individual assets.
Also, When it comes to 24-hour real volume, Messari ranks Chainlink 3rd, with only Bitcoin (BTC) and Tether (USDT) ahead of it. The figure stands at roughly $701 million.
Chainlink has experienced phenomenal growth in the past 18 months, with multiple projects now making use of its decentralized oracle services. Chainlink’s oracles connect smart contracts with real-time off-chain data, making dapps more reliable and accurate at asset pricing. It has become a key service underpinning many DeFi platforms.
Chainlink has been in the headlines on several occasions in the past few months. Community projects of Tezos (XTZ) have integrated Chainlink, as has Kaden, a project led by former JP Morgan Chase engineers. The World Economic Forum also recognized Chainlink as a technology pioneer.
