链上数据显示，XRP网络最近在“热门资本”方面有很大的进步。这是这种增长与比特币和其他人进行比较的方式。

在X上的一篇新帖子中，这家链分析公司GlassNode谈到了最近XRP的热门如何改变。 “热门”

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.

来自GlassNode的链上数据表明，XRP网络最近在“热门资本”方面有很大的跳跃。该指标衡量了过去一周输入的硬币的资本储备，在加密货币也显示出技术突破​​的迹象的时候，资产的增加了。

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.

在链分析公司的新X帖子中，据指出，XRP的热门资本从4月20日的9.2亿美元飙升至4月28日的21.7亿美元。这标志着指标增加了12.5亿美元（+134.9％）。

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

但是，尽管有反弹，但该指标仍低于2024年12月的峰值76.6亿美元。

Image Credit: Glassnode, Bankless

图片来源：玻璃节，无岸

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.

任何数字资产的资本储备都是通过其“已实现的上限”来衡量的。这是一个大写模型，该模型通过将流通中的每个令牌的值等同于网络上一次交易的现货价格来计算加密货币的总估值。

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.

由于任何硬币的最后一次交易都可能代表上次易手的交易，因此当时的价格可以视为当前的成本基础。因此，实现的上限实质上总结了资产所有投资者的成本基础。

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.

当此指标的价值变化时，可以假定资本会根据变化的方向向加密货币移入或退出加密货币。在当前主题的上下文中，整个网络的实现上限不是一个有趣的上限，而是其中一部分：热供应。

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.

这是指过去一周输入的硬币。然后，通过将已实现的帽子应用于热源来计算热资本。

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.

今年早些时候，加密货币市场的短期持有人活动有所下降，这导致比特币，以太坊和索拉纳等主要加密货币的热资本下降。

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，最近几周，这种趋势发生了转变，包括XRP在内的几种加密货币显示出在过去七天内进入资本的增加。

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.

据GlassNode称，对于比特币，这种趋势尤其值得注意，因为该指标经历了92％至391亿美元的趋势。这种恢复标志着该指标在最近几个月中对旗舰加密货币的最快增长之一。

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，该度量标准的百分比增加仍低于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.

以太坊和索拉纳也相似，尤其是ETH落后，自4月17日以来仅增加了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.

尽管热门资本在这些加密货币中增长，但其价值仍然远低于周期早期观察到的高度，这表明投机活动还没有完全卷土重来。更具体地说，该指标的比特币和以太坊都处于60％的降低，XRP的指标为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%.

目前最接近回报的资产是索拉纳（Solana），在每周100％的跃升后，指标约为38％。