鏈上數據顯示，XRP網絡最近在“熱門資本”方面有很大的進步。這是這種增長與比特幣和其他人進行比較的方式。

在X上的一篇新帖子中，這家鏈分析公司GlassNode談到了最近XRP的熱門如何改變。 “熱門”

On-chain data from Glassnode shows that the XRP network has seen a strong jump in ‘Hot Capital’ recently. The indicator, which measures the capital reserve of coins that entered during the past week, has registered an increase for the asset at a time when the cryptocurrency is also showing signs of a technical breakout.

來自GlassNode的鏈上數據表明，XRP網絡最近在“熱門資本”方面有很大的跳躍。該指標衡量了過去一周輸入的硬幣的資本儲備，在加密貨幣也顯示出技術突破​​的跡象的時候，資產的增加了。

In a new X post by the on-chain analytics firm, it's noted that the Hot Capital of XRP surged from $0.92 billion on April 20th to $2.17 billion on April 28th. This marks a $1.25 billion (+134.9%) increase for the indicator.

在鏈分析公司的新X帖子中，據指出，XRP的熱門資本從4月20日的9.2億美元飆升至4月28日的21.7億美元。這標誌著指標增加了12.5億美元（+134.9％）。

However, despite this rebound, the metric remains about 72% below its December 2024 peak of $7.66 billion.

但是，儘管有反彈，但該指標仍低於2024年12月的峰值76.6億美元。

Image Credit: Glassnode, Bankless

圖片來源：玻璃節，無岸

The capital reserve of any digital asset is measured through its ‘Realized Cap.’ This is a capitalization model that calculates the total valuation of a cryptocurrency by equating the value of each token in circulation to the spot price at which it was last transacted on the network.

任何數字資產的資本儲備都是通過其“已實現的上限”來衡量的。這是一個大寫模型，該模型通過將流通中的每個令牌的值等同於網絡上一次交易的現貨價格來計算加密貨幣的總估值。

Since the last transaction of any coin is likely to represent the last time it changed hands, the price at that time could be considered as its current cost basis. Thus, the Realized Cap essentially sums up the cost basis of all investors of the asset.

由於任何硬幣的最後一次交易都可能代表上次易手的交易，因此當時的價格可以視為當前的成本基礎。因此，實現的上限實質上總結了資產所有投資者的成本基礎。

When this indicator's value changes, capital could be assumed to be moving in or out of the cryptocurrency, depending on the direction of the change. In the context of the current topic, the Realized Cap of the entire network isn't of interest, but only of a portion of it: the Hot Supply.

當此指標的價值變化時，可以假定資本會根據變化的方向向加密貨幣移入或退出加密貨幣。在當前主題的上下文中，整個網絡的實現上限不是一個有趣的上限，而是其中一部分：熱供應。

This refers to the coins that entered during the past week. Hot Capital is then calculated by applying the Realized Cap to the Hot Supply.

這是指過去一周輸入的硬幣。然後，通過將已實現的帽子應用於熱源來計算熱資本。

Earlier this year, the cryptocurrency markets saw a decline in short-term holder activity, which led to a decrease in Hot Capital for major cryptocurrencies like Bitcoin, Ethereum, and Solana.

今年早些時候，加密貨幣市場的短期持有人活動有所下降，這導致比特幣，以太坊和索拉納等主要加密貨幣的熱資本下降。

However, in recent weeks, there has been a turnaround in this trend, with several cryptocurrencies, including XRP, showing an increase in capital entering within the past seven days.

但是，最近幾週，這種趨勢發生了轉變，包括XRP在內的幾種加密貨幣顯示出在過去七天內進入資本的增加。

This trend is particularly noteworthy for Bitcoin, as the indicator has undergone a 92% surge to $39.1 billion, according to Glassnode. This recovery marks one of the fastest upticks that the indicator has seen for the flagship cryptocurrency in recent months.

據GlassNode稱，對於比特幣，這種趨勢尤其值得注意，因為該指標經歷了92％至391億美元的趨勢。這種恢復標誌著該指標在最近幾個月中對旗艦加密貨幣的最快增長之一。

However, it's worth noting that the percentage increase witnessed by the metric is still lower than the one for XRP.

但是，值得注意的是，該度量標準的百分比增加仍低於XRP的百分比。

Ethereum and Solana are also similar in that, with ETH in particular notably lagging behind with only a 54% increase since April 17th.

以太坊和索拉納也相似，尤其是ETH落後，自4月17日以來僅增加了54％。

While Hot Capital has grown across these cryptocurrencies, its value still remains far below the high observed earlier in the cycle, an indication that speculative activity hasn't quite made a full comeback yet. More specifically, the indicator is sitting at 60% down for both Bitcoin and Ethereum, and 72% for XRP.

儘管熱門資本在這些加密貨幣中增長，但其價值仍然遠低於週期早期觀察到的高度，這表明投機活動還沒有完全捲土重來。更具體地說，該指標的比特幣和以太坊都處於60％的降低，XRP的指標為72％。

The asset that is currently the closest to making a return is Solana, with the metric being around 38% following a weekly jump of 100%.

目前最接近回報的資產是索拉納（Solana），在每週100％的躍升後，指標約為38％。