XRP沒有金融公用事業

連鎖促進的加密貨幣XRP通常被吹捧為改變付款和跨境交易的遊戲規則。

In a recent commentary, Jeff Dorman, CIO of crypto hedge fund Arca, discussed the role of social and financial value in determining the price of a cryptocurrency.

在最近的評論中，加密對沖基金ARCA的CIO傑夫·多曼（Jeff Dorman）討論了社會和財務價值在確定加密貨幣價格的作用。

As the crypto landscape grows increasingly crowded, it can be challenging to distinguish between promising projects and those that are merely hyped.

隨著加密貨幣景觀越來越擁擠，區分有前途的項目和僅被大肆宣傳的項目可能會很具有挑戰性。

To illustrate this point, Dorman used the example of a Solana-based meme coin, $TRUMP, which was launched with no cash flows and only social value.

為了說明這一點，Dorman使用了一個基於Solana的Meme Coin $ TRUMP的示例，該硬幣是沒有現金流，只有社會價值的。

However, the narrative shifted when the team behind the meme coin announced that U.S. President Donald Trump is set to host an exclusive gala dinner at the Trump National Golf Club in Washington, D.C., for top $TRUMP holders on May 22.

但是，敘述發生了變化，當Meme Coin背後的團隊宣布美國總統唐納德·特朗普（Donald Trump）將於5月22日在華盛頓特朗普的特朗普國家高爾夫俱樂部舉辦獨家晚宴，於5月22日為特朗普持有人提供。

This event, which will take place nearly two years after the launch of the meme coin, will bring together the top 1,000 $TRUMP holders.

這項活動將在Meme Coin發起近兩年後舉行，將匯集前1,000美元的特朗普持有人。

Prior to this announcement, $TRUMP had no financial utility, and users could not do anything with the token. However, the dinner announcement brought utility value to the meme coin.

在發布此消息之前，$特朗普沒有金融公用事業，用戶無法對令牌做任何事情。但是，晚餐公告為模因硬幣帶來了公用事業價值。

Meanwhile, Dorman believes that XRP, despite being one of the top 10 cryptocurrencies by market cap, has no utility or financial value.

同時，Dorman認為，儘管XRP是市值劃分的十大加密貨幣之一，但沒有公用事業或財務價值。

According to the Arca exec, XRP's market cap has soared to around $150 billion, and he argues that this is mainly due to social value.

根據ARCA Exec的說法，XRP的市值飆升至1500億美元，他認為這主要是由於社會價值。

“People love to hate on XRP, but it’s probably in the top 10 cryptocurrencies by market cap. At the moment, XRP has no financial utility. It has social value, which is expressed through community strength, partnerships, and the size of the ecosystem.

“人們喜歡討厭XRP，但它可能在市值上排名前10位的加密貨幣。目前，XRP尚無財務實用性。它具有社會價值，這是通過社區實力，夥伴關係和生態系統規模來表達的。

Social value is real, but quantifying that value is impossible. Utility value is a little easier to measure, but still hard. When a token is useful, you can estimate how much it’s worth to use, and therefore estimate demand,” Dorman explained.

社會價值是真實的，但是量化該價值是不可能的。公用事業值更容易衡量，但仍然很難。當令牌有用時，您可以估計使用多少物有所值，因此可以估計需求。 ” Dorman解釋說。

However, he believes that XRP may gain utility through Ripple's dollar-pegged stablecoin, Ripple USD (RLUSD), which was deployed on the company's institution-focused XRP Ledger and Ethereum blockchain in December 2024.

但是，他認為XRP可能會通過Ripple的Dollar Peggge Stablecoin，Ripple USD（RLUSD）獲取公用事業，該公司於2024年12月在公司以機構為重點的XRP Ledger和以太坊區塊鏈上部署。

Moreover, financial value could be generated through acquisitions, such as if Ripple were to purchase stablecoin issuer Circle.

此外，可以通過收購產生財務價值，例如Ripple是否要購買Stablecoin發行人圈子。

Reports late last month indicated that Ripple had bid up to $5 billion as part of an attempted takeover of Circle, but this was rejected as being too low.

上個月下旬的報導表明，作為試圖接管圈子的一部分，Ripple的競標價格高達50億美元，但這被拒絕為太低。

Bitwise president Teddy Fusaro suggested at the time that Ripple could buy a lot of crypto companies if they wanted, as the company currently holds over $93 billion in XRP.input: As cryptocurrency continues to gain mainstream attention, several projects are striving to provide innovative solutions in the payments and cross-border transaction domains. Among these projects, Ripple-promoted cryptocurrency XRP is often touted as a game-changer.

Bitwise總裁Teddy Fusaro在當時建議，Ripple如果願意的話，Ripple可以購買很多加密公司，因為該公司目前持有XRP.Input的930億美元以上：由於加密貨幣繼續引起主流的關注，幾個項目正在努力在付款和交叉交易領域提供創新的解決方案。在這些項目中，連鎖反應的加密貨幣XRP通常被吹捧為改變遊戲規則的人。

However, the CIO of crypto hedge fund Arca has questioned the financial utility of XRP, contrasting it with the social value that has driven the meme coin $TRUMP.

但是，加密性對沖基金的CIO Arca質疑了XRP的金融業務，將其與推動了Meme Coin $ Trump的社會價值形成鮮明對比。

“XRP Has No Financial Utility”

“ XRP沒有金融公用事業”

Jeff Dorman, the CIO of Arca, made the assertion while discussing the role of social and financial value in determining the price of a cryptocurrency.

ARCA的CIO傑夫·多曼（Jeff Dorman）在討論社會和財務價值在確定加密貨幣價格中的作用時做出了主張。

In a recent commentary, Dorman said that the meme coin, which is based on Solana, had only social value upon its launch, as there were no cash flows, and users could not do anything with the token.

Dorman在最近的評論中說，基於Solana的Meme硬幣在發佈時只有社會價值，因為沒有現金流，用戶無法使用令牌。

However, the game changed after the team behind the meme coin announced that U.S. President Donald Trump is set to host an exclusive gala dinner at the Trump National Golf Club in Washington, D.C., for top $TRUMP holders on May 22.

然而，在模因硬幣背後的團隊宣布，美國總統唐納德·特朗普（Donald Trump）將於5月22日在華盛頓特朗普國家高爾夫俱樂部舉辦獨家晚宴之後發生了變化。

This event, which will take place nearly two years after the launch of the meme coin, will bring together the top 1,000 $TRUMP holders.

這項活動將在Meme Coin發起近兩年後舉行，將匯集前1,000美元的特朗普持有人。

Prior to this announcement, $TRUMP had no financial utility, and users could not do anything with the token. But the dinner announcement brought utility value to the meme coin.

在發布此消息之前，$特朗普沒有金融公用事業，用戶無法對令牌做任何事情。但是晚餐公告為模因硬幣帶來了公用事業價值。

Meanwhile, Dorman thinks that XRP, despite being one of the top 10 cryptocurrencies by market cap, has no utility or financial value.

同時，Dorman認為，儘管XRP是市值排名前10的加密貨幣之一，但沒有公用事業或財務價值。

According to the Arca exec, XRP's market cap has soared to around $150 billion, and he argues that this is mainly due to social value.

根據ARCA Exec的說法，XRP的市值飆升至1500億美元，他認為這主要是由於社會價值。

“People love to hate on XRP, but it’s probably in the top 10 cryptocurrencies by market cap. At the moment, XRP has no financial utility. It has social value, which is expressed through community strength, partnerships, and the size of the ecosystem.

“人們喜歡討厭XRP，但它可能在市值上排名前10位的加密貨幣。目前，XRP尚無財務實用性。它具有社會價值，這是通過社區實力，夥伴關係和生態系統規模來表達的。

Social value is real, but quantifying that value is impossible. Utility value is a little easier to measure, but still hard. When a token is useful, you can estimate how much it’s worth to use, and therefore estimate demand,” Dorman explained.

社會價值是真實的，但是量化該價值是不可能的。公用事業值更容易衡量，但仍然很難。當令牌有用時，您可以估計使用多少物有所值，因此可以估計需求。 ” Dorman解釋說。

However, he believes that XRP may gain utility through Ripple's dollar-pegged stable

但是，他認為XRP可能會通過Ripple的Dollar-Peggg穩定而獲得實用性