Ryan Selkis, co-founder of the crypto research firm Messari, has once again launched harsh criticisms against the XRP and Cardano communities, tagging them as “bot groups on X” with little to offer in real-world usage or products.
In a post on Saturday, December 14, Selkis targeted the two prominent Layer 1 blockchain ecosystems, dismissing their relevance and implying that they lack substantial users.
This criticism comes amid longstanding tensions between Selkis and supporters of XRP Ledger and Cardano, which are often the subject of debate in the broader crypto community despite being among the most established Layer 1 networks.
Ripple, XRP, and Controversy
The latest remarks follow backlash that Selkis received earlier on the same day for comments directed at Ripple Chief Legal Officer Stuart Alderoty and the broader XRP community.
Responding to a post featuring Alderoty with former Republican candidate Vivek Ramaswamy, Selkis sought to challenge any suggestion of Ripple’s strong connections with Donald Trump’s political network. In his post, Selkis described XRP as “a piece of shit” and referred to Ripple as “the drowning victim of crypto,” further stoking tensions with the blockchain’s supporters.
Selkis’ attacks against XRP are not new. Over the years, he has criticized the network, labeling it a centralized blockchain. He argues that XRP primarily benefits Ripple insiders and has stated that Ripple’s association with political figures, particularly from the Trump administration, poses risks to the broader crypto industry.
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Cardano Excluded from Messari’s Report
Cardano, another target of Selkis’ criticism, has faced similar dismissive comments from the Messari co-founder. The rift between Selkis and the Cardano community intensified in recent months after the network was excluded from Messari’s widely circulated Crypto Theses 2024 report.
This 200-page document, which highlights trends and projects of economic significance, omitted Cardano because it did not meet Messari’s benchmark for economic activity.
The decision drew strong reactions from the Cardano community, which pushed back on Selkis’ claims that the network lacked meaningful utility or user engagement. Critics highlighted recent data to counter his arguments.
For instance, a community note posted on X emphasized that on December 12, Cardano processed over 280,000 transactions—roughly 20% to 60% of the daily transaction volume of Bitcoin and Ethereum—despite having only a fraction of their market capitalization.
Despite Selkis’ repeated criticisms, the XRP Ledger and Cardano remain key players in the Layer 1 blockchain landscape. Supporters of both networks continue to highlight their unique attributes and progress, even as debates around their adoption and value persist.
Selkis’ remarks reflect broader disagreements within the crypto space regarding the purpose, utility, and future of various blockchain projects.
While the Messari co-founder maintains his stance, recent transaction data and network activity suggest that XRP and Cardano are far from inactive, as their communities challenge detractors.
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