XRP網絡看到“熱門”的強勁跳躍

這是這種增長與比特幣和其他主要加密貨幣進行比較的方式。

On-chain data from Glassnode reveals that the capital tied to seven-day-old XRP coins, commonly termed "Hot Capital," has experienced a significant surge recently.

GlassNode的鏈上數據表明，與七日曆史的XRP硬幣相關的資本通常被稱為“熱資本”，最近經歷了巨大的激增。

The capital reserve of any digital asset is measured through its "Realized Cap," a capitalization model that calculates the total valuation of a cryptocurrency by considering each token in circulation at the last transaction price on the chain. 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 in the asset.

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，該模型是一種大寫模型，該模型通過考慮鏈條上的最後交易價格來計算加密貨幣的總估值。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所有投資者資產中所有投資者的成本基礎。

Any variation in this indicator could be assumed to be capital 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. This indicator measures the realized cap of coins that last moved during the past seven days.

根據變化的方向，可以認為該指標中的任何變化是資本進出加密貨幣的資本。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。該指標測量了過去七天中最後一次移動的已實現硬幣的帽。

In a new post on X, the on-chain analytics firm focused on how this capital associated with young coins has changed for XRP during the last few months. Here is the chart that the firm shared showing the recent trends:

在X上的一篇新帖子中，這家鏈分析公司的重點是在過去幾個月中與XRP相關的這種資本如何變化。這是公司共享的圖表顯示了最近的趨勢：

As is visible in the above graph, the Realized Cap associated with coins that moved during the last week has registered an increase for XRP recently. This could be a potential signal that speculative capital is entering the cryptocurrency.

如上圖中可見，與上週移動的硬幣相關的已實現的蓋子最近對XRP進行了增加。這可能是投機資本進入加密貨幣的潛在信號。

"XRP Hot Capital rose from $0.92B on 20 Apr to $2.17B on 28 Apr – a $1.25B (+134.9%) surge. Despite this rebound, the metric remains ~72% below its Dec 2024 peak of $7.66B," Glassnode stated.

“ XRP Hot Capital從4月20日的0.92B上漲至4月28日的$ 2.17B - $ 1.25B（+134.9％）的湧入。儘管有反彈，但該指標仍低於其2024年12月72％的7.66b $ 72％，” GlassNode表示。

XRP isn't the only digital asset that's observing an increase in short-term holder activity. As the analytics firm has pointed out in other X posts, Bitcoin, Ethereum, and Solana have all witnessed a considerable rise in Hot Capital during the same period.

XRP並不是唯一觀察短期持有人活動增加的數字資產。正如分析公司在其他X帖子中指出的那樣，比特幣，以太坊和索拉納在同一時期都見證了熱門資本的大幅上升。

First, here is the chart for Bitcoin, displaying how the indicator has gone through a 92% surge to $39.1 billion:

首先，這是比特幣的圖表，顯示了指標如何獲得92％的增長到391億美元：

According to Glassnode, this turnaround in the Hot Capital is one of the fastest upticks that the indicator has seen for Bitcoin in recent months. Though the percentage increase witnessed by the metric is still lower than the one for XRP.

根據GlassNode的說法，Hot Capital中的這種轉變是該指標在近幾個月來對比特幣看到的最快的上升之一。儘管該度量標準的百分比增加仍低於XRP的百分比。

"After hitting a December 2024 low of $20.4B last week, Bitcoin's Hot Capital has seen a rapid turnaround. Rising by 92% over the past seven days to reach $39.1B. This is one of the fastest upticks in recent months."

“在上周達到2024年12月的20.4B美元低點之後，比特幣的Hot Capital迅速轉變。在過去的七天中上升了92％，達到39.1B美元。這是最近幾個月最快的上升之一。”

This isn't surprising considering that Bitcoin's capital has dropped sharply this year, especially during the March crash when the indicator fell below $20 billion for the first time since early 2021.

考慮到今年比特幣的資本已經大幅下降，尤其是在3月墜毀時，自2021年初以來首次下跌200億美元時，這並不奇怪。

The capital tied to seven-day-old ETH coins has also seen a surge, but it isn't as pronounced as the one witnessed by BTC or XRP. In fact, the increase in the indicator is still lower than 50%.

與7天大的Eth Coins相關的首都也看到了激增，但並不像BTC或XRP見證的那樣明顯。實際上，指標的增加仍低於50％。

"Ethereum's Hot Capital continues to lag, slipping 54% lower since 17 Apr to $22.4B. This compares to Bitcoin's steeper 92% rise and signals that ETH capital isn't yet returning at the same pace."

“以太坊的熱資本繼續滯後，自17年4月17日至22.4億美元以來下跌了54％。這相比之下，比特幣陡峭的92％上升，表明ETH Capital尚未以同樣的速度返回。”

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％。