Ripple-affiliated XRP cryptocurrency has slipped under Toncoin (TON) by market capitalization, in line with knowledge supplied by CoinCodex. The 2 cryptocurrencies are valued at $27.38 billion and $26.57 billion, respectively.
TON, the native cryptocurrency of The Open Community (Telegram Open Community), is up greater than 2% over the previous 24 hours. In the meantime, XRP is down 1.55% over the identical time frame.
It’s price noting that TON has managed to outperform 80% of the highest 100 cryptocurrency belongings in a yr, with its value rising 456% over the previous yr.
As reported by U.Right now, the TON community has now surpassed greater than $500 million in complete worth locked (TVL). Tonstakers, DeDust, and STON.fi are the main initiatives by market cap.
For comparability, XRP has been one of many worst-performing cryptocurrencies within the high 100. That mentioned, as famous by analyst Invoice Morgan, that is largely as a result of the truth that the cryptocurrency skilled an enormous rally final July following Ripple’s partial victory in opposition to the SEC. Nonetheless, it failed to take care of its momentum and pared its enormous positive aspects, which is why its efficiency appears to be underwhelming in comparison with different cryptocurrencies at first look.
With that being mentioned, XRP remains to be down 85.9% from its report excessive, which makes it one of many worst-performing cryptocurrencies alongside Cardano 
ADAUSD and Polkadot 
DOTUSD.
In the meantime, XRP stays above TON on CoinGecko, one other common coin-tracking web site.
