Anodos Finance co-founder and CEO Panos Mekras confirmed on X on May 31 that Anodos Finance has used XRP as a corporate treasury reserve since 2023, including buying XRP, holding it, and paying team compensation with it. He described XRP as a “guiding light (North Star).”
Cross-chain liquidity data confirmed by Mekras: Solana purchases are more price-advantageous than XRPL
In an X post, Mekras confirmed that one of the reasons Anodos Finance uses XRP is its liquidity depth across a multi-chain environment. He provided specific data: “Surprisingly, buying XRP worth $100,000 on Solana is cheaper than buying on XRPL.” He confirmed that this difference reflects the real impact of cross-network liquidity depth, transaction routing, and execution quality on large transactions, but did not specify the exact magnitude of the gap.
Mekras positioned XRP as a connectivity asset that flows between multiple ecosystems such as XRPL, Solana, and Flare, rather than being confined to a single blockchain. He also confirmed: “XRP is one of the largest-scale and most liquid assets, so people’s demand for using or earning XRP varies widely.”
The XRP positioning confirmed by Ripple’s Garlinghouse and consistency with both parties’ “North Star” phrasing
Ripple CEO Brad Garlinghouse had previously confirmed that XRP is central to Ripple’s payments, custody, funds management, and liquidity initiatives, and emphasized that the XRP Ledger’s speed, low transaction costs, scalability, and its history of billions of transactions are key differentiating advantages.
Mekras and Garlinghouse both use the same “North Star” phrasing, highlighting an emerging consensus framework within the XRP ecosystem: XRP’s long-term value proposition relies more on its ability as a liquidity bridge connecting different products, institutions, and networks, rather than on a single blockchain’s native use case.
FAQ
How exactly does Anodos Finance use XRP, and when did the practice begin?
According to Panos Mekras’s confirmation on X, Anodos Finance has bought XRP as a corporate treasury reserve since 2023, holds it, and pays team compensation with XRP. Mekras confirmed that the company uses XRP across multiple chains including XRPL, Solana, and Flare.
Why is buying XRP cheaper on Solana than on XRPL?
Based on Mekras’s confirmation in an X post, buying XRP worth $100,000 on Solana offers more pricing advantages than on XRPL, due to differences in the liquidity depth, transaction routing, and execution quality between the two networks. Mekras did not explain the exact magnitude of the gap in the post.
What does it mean that both Mekras and Garlinghouse use the “North Star” phrasing?
According to a report by Bitcoin.com News, both independently used “North Star” to describe XRP’s role positioning. Mekras represents an enterprise user perspective, while Garlinghouse represents Ripple’s official stance; their alignment underscores broad recognition of XRP as a cross-chain connectivity asset within the ecosystem.
