XRP Ledger（XRPL）Q1更新：RLUSD Surges，隱藏的道路獲取信號機構樞軸

XRP Ledger（XRPL）正在進入2025年的勢頭，發布了強大的績效指標，並採取了戰略步驟來進行機構採用。

As we quickly approach 2025, the XRP Ledger (XRPL) continues to gain momentum with strong performance and strategic steps toward institutional adoption. Here's a closer look at some of the most notable developments in Q1 2025.

隨著我們迅速接近2025，XRP Ledger（XRPL）繼續以強大的績效和朝著機構採用的戰略步驟獲得動力。這是第1季度2025年最著名的發展。

RLUSD Market Cap Surges 304% in Q1 2025

RLUSD市值在第1季度2025年飆升304％

RLUSD市值在第1季度2025年飆升304％

Relative to last quarter, the market cap of RLUSD on the XRP Ledger soared 304%, reaching $44.2 million by the end of March 31, 2025. This growth was driven largely by the surging demand for stablecoins on the chain and the increasing utility of the token.

相對於上個季度，XRP Ledger的RLUSD的市值飆升了304％，到2025年3月31日，達到了4420萬美元。這種增長主要是由於鏈條上對穩定股的需求的飆升和代幣的增加。

In comparison, the total market cap of all seven U.S.D. stablecoins on Ethereum at the time was $1.16 billion, highlighting the relatively smaller scale of stablecoin ecosystems on alt-chains despite their rising presence.

相比之下，當時在以太坊上所有七個USD Stablecoins的總市值為11.6億美元，儘管存在著升高，但在Alt-Chains上的Stablecoin生態系統的規模相對較小。

As the XRP Ledger continues to attract more DeFi protocols and institutional financial applications, we can expect to see even greater contributions from stablecoins in the quarters to come.

隨著XRP Ledger繼續吸引更多的Defi協議和機構財務應用，我們可以期望在未來的地區看到Stablecoins的更大貢獻。

XRPL Daily Active Addresses Up 142%

XRPL每日活動地址增加了142％

XRPL每日活動地址增加了142％

The average number of daily active addresses on the XRP Ledger increased by 142% in Q1 2025. This surge in user engagement and wallet activity across the XRPL ecosystem signifies a broader adoption of the chain.

XRP分類帳中的每日活動地址的平均數量在Q1 2025中增加了142％。 XRPL生態系統中用戶參與度和錢包活動的激增表示該鏈條的廣泛採用。

In contrast, the average number of daily active Ethereum addresses rose by just 16% over the same period, suggesting that XRPL is outpacing ETH in terms of user engagement despite the latter’s larger market cap and DeFi presence.

相比之下，同一時期的平均每日活躍以太坊數量僅增長了16％，這表明XRPL在用戶參與方面，儘管後者的市場上限較大，並且在用戶參與方面都超過了ETH。

This disparity could be attributed to the XRP Ledger’s focused approach on interoperability and cross-chain solutions, attracting a diverse range of users beyond those primarily focused on decentralized applications.

這種差異可以歸因於XRP Ledger在互操作性和跨鏈解決方案上的重點方法，從而吸引了不同範圍的用戶，而不是主要專注於分散應用程序的用戶。

XRPL CLOB Volume Up 74%

XRPL Clob音量增加了74％

XRPL Clob音量增加了74％

The average daily volume on the Central Limit Order Book (CLOB) increased by 74% in Q1 2025. This deeper liquidity and heightened market participation are crucial for attracting institutional traders who prefer a stable pricing environment and sufficient volume for large-scale trades.

第1季度2025年，中央限制訂單簿（CLOB）的平均每日數量增加了74％。這種更深層次的流動性和增加的市場參與對於吸引喜歡穩定定價環境和足夠數量的機構交易者至關重要。

In contrast, the average daily volume on the XRP Ledger’s Decentralized Limit Order Book (DLOB) declined by 56% over the same period. While the CLOB is typically used for spot trading, the DLOB is designed for derivatives and other advanced financial products.

相比之下，同一時期，XRP分類帳的分散限額訂單（DLOB）的平均每日量下降了56％。雖然Clob通常用於現貨交易，但DLOB是為衍生品和其他高級金融產品設計的。

This shift in favor of the CLOB suggests a greater focus on traditional trading formats, which aligns with the XRP Ledger’s broader strategy of accommodating institutional preferences.

支持雜物的這種轉變表明，更加關注傳統交易格式，這與XRP Ledger更廣泛的適應機構偏好的策略相吻合。

Ripple Acquires Hidden Road

波紋獲得了隱藏的道路

波紋獲得了隱藏的道路

After rumors swirled for months, cross-border payments giant Ripple announced in January the acquisition of Hidden Road, a global prime brokerage firm that serves hedge funds, asset managers and family offices. The move is expected to bring more institutional capital and DeFi infrastructure to the XRP Ledger.

謠言旋轉了幾個月後，跨境支付巨頭漣漪在1月份宣布，收購了一家為對沖基金，資產經理和家庭辦事處提供服務的全球主要經紀公司Hidden Road。預計此舉將為XRP Ledger帶來更多的機構資本和基礎設施。

This acquisition aligns closely with Ripple’s broader vision to transform the XRP Ledger into a high-performance, enterprise-grade blockchain that supports tokenized assets and financial products.

此次收購與Ripple更廣泛的願景緊密相吻合，即將XRP Ledger轉變為支持標記資產和金融產品的高性能，企業級區塊鏈。

In contrast to blockchains like Ethereum, which are largely focused on decentralized applications, Ripple’s strategy is to build an ecosystem that can support both DeFi and traditional financial institutions.

與以太坊這樣的區塊鏈相反，以太坊（以太坊）主要集中在分散應用程序上，Ripple的策略是建立一個可以支持DEFI和傳統金融機構的生態系統。

This approach is evident in the development of several key protocols and specifications on the XRP Ledger, including the new standard for cross-chain asset portability.

在開發XRP分類帳的幾個關鍵協議和規格中，包括跨鏈資產可移植性的新標準，這種方法很明顯。

As more DeFi protocols and institutions decide to build on the XRP Ledger, we can expect to see even greater contributions from stablecoins and a further expansion of the broader crypto ecosystem.

隨著越來越多的規程和機構決定以XRP分類帳為基礎，我們可以期望看到Stablecoins的更大貢獻以及更廣泛的加密生態系統的進一步擴展。