Ripple將日落其季度XRP市場報告

Ripple將在第二季度2025年第2季度以當前形式日落其季度的XRP市場報告，隨著代幣的需求更多，新版本包括更深入的見解

Crypto behemoth Ripple will be sunsetting its quarterly XRP markets reports in the current format after Q2 2025, with newer versions set to include deeper insights as the token grabs more demand among institutional investors.

Crypto Behemoth Ripple將以2025年第2季度的季度XRP市場報告日落為季度的XRP市場報告，隨著代幣在機構投資者中的需求增加，較新的版本將包括更深入的見解。

The macroeconomic headwinds that battered crypto markets throughout 2024 appear to be easing, setting the stage for a potential recovery in the second half of 2025, according to Ripple’s first-quarter report.

根據Ripple的第一季度報告，宏觀經濟的逆風在2024年打擊了加密貨幣市場，這似乎正在放鬆，為2025年下半年的潛在恢復奠定了基礎。

Despite a strong start to the year, crypto markets encountered turbulence in March with the collapse of Silicon Valley Bank and subsequent macroeconomic uncertainty pushing BTC down 14% and ETH down 27% during the quarter.

儘管本年度的開端很強，但加密貨幣市場在三月份遇到了動盪，隨著矽谷銀行的崩潰，該季度將BTC下降了14％，ETH下跌了14％，而宏觀經濟不確定性下降了27％。

However, the reality is that the report has not had the intended effect,” Ripple said.

但是，現實是該報告沒有產生預期效果。 ” Ripple說。

“In many instances, Ripple’s transparency has been used against the company, most notably by former SEC leadership. As more institutions engage with XRP, additional perspectives and insights are expected to follow, pushing the market conversation forward.”

“在許多情況下，Ripple的透明度已針對公司，最著名的是由前SEC領導層使用。隨著越來越多的機構與XRP互動，預計將遵循其他觀點和見解，從而推動市場對話的前進。”

This comes amid a flurry of XRP-based ETF filings in the U.S. and Brazil, with a leveraged XRP ETF already offered to investors since April.

這是在美國和巴西的一系列基於XRP的ETF文件中，自4月以來已經提供了XRP ETF的利用XRP ETF。

XRP delivered one of the strongest performances among major cryptocurrencies in Q1 2025, surging nearly 50% in early February and outpacing both bitcoin (BTC) and ether (ETH) during a period marked by market turbulence and rising macroeconomic uncertainty.

XRP在2025年第1季度的主要加密貨幣中表現最強，在2月初飆升了近50％，並在市場湍流和宏觀經濟不確定性上增加的時期內超過了比特幣（BTC）和Ether（ETH）。

While BTC remained range-bound and ETH trended lower, XRP stood out for its relative strength, with the XRP/BTC ratio rising more than 10% during the quarter, the report noted.

該報告指出，儘管BTC保持距離範圍，而ETH趨勢較低，但XRP的相對強度突出，XRP/BTC比率在本季度上升超過10％。

That strength was matched by growing institutional interest. XRP-based investment products recorded $37.7 million in net inflows during the quarter, pushing the year-to-date total to $214 million, just $1 million shy of surpassing ETH-focused funds.

這種力量與日益增長的機構利益相匹配。基於XRP的投資產品在本季度的淨流入量為3,770萬美元，將年初至2.14億美元提高到超過ETH ETH的資金僅1.1億美元。

XRP spot market activity remained robust throughout the quarter. Average daily volumes hovered around $3.2 billion, with Binance maintaining a dominant share at 40%, followed by Upbit and Coinbase. Price volatility spiked in February, pushing realized volatility to around 130%, as XRP touched levels not seen since early 2018.

XRP現貨市場活動在整個季度保持穩健。每日平均量徘徊在32億美元左右，二手股的主要份額為40％，其次是Upbit和Coinbase。價格波動率在2月飆升，將實現的波動率提高到130％左右，因為XRP觸及了自2018年初以來從未見過的水平。

On-chain activity on the XRP Ledger moderated after a period of expansion in late 2024. Wallet creation and transaction volume dropped by 30–40%, in line with broader slowdowns across Layer 1 networks.

XRP分類帳上的鏈活動在2024年底進行了一段時間後進行了調節。錢包的創建和交易體積下降了30–40％，這與整個第1層網絡的較大放緩相符。

However, XRP DeFi activity showed resilience, with DEX volume slipping just 16% quarter-over-quarter. RLUSD was a key driver of activity, with its market cap surging past $90 million and cumulative DEX trading volume crossing $300 million.

但是，XRP Defi活性表現出彈性，DEX體積僅在四分之一季度下滑16％。 RLUSD是活動的主要驅動力，其市值飆升了9000萬美元，累積DEX交易量超過3億美元。