了解令牌速度及其对XRP价格的影响

本文深入研究了“令牌速度”的概念及其对数字资产（尤其是XRP）价格行为的重大影响。

In a recent post, Crypto Commentator “All Things XRP” highlighted a significant knowledge gap among XRP investors, suggesting it may be a major factor limiting the asset’s price growth.

在最近的一篇文章中，加密评论员“万物XRP”强调了XRP投资者之间的显着知识差距，这表明这可能是限制资产价格增长的主要因素。

According to the commentator, 74.1% of XRP investors are unfamiliar with the concept of “token velocity,” a fundamental aspect that influences the behavior of digital assets, including XRP.

据评论员称，有74.1％的XRP投资者不熟悉“令牌速度”的概念，这是影响包括XRP在内的数字资产行为的基本方面。

As explained, token velocity measures how often a token changes hands within a certain period. The formula is presented as total transaction volume divided by the circulating supply.

正如解释的那样，令牌速度衡量令牌在一定时期内易于移动的频率。该公式表示为总交易量除以循环供应。

A high token velocity means that tokens are frequently traded, while a low token velocity implies more holding by investors. The commentary stresses that while the idea appears simple, its consequences are profound.

高令牌速度高意味着代币经常被交易，而标记速度低的速度意味着投资者的持有更多。评论强调，尽管这个想法看起来很简单，但其后果是深远的。

The direct impact of token velocity on asset prices was a central point of the commentary. High velocity tends to apply downward pressure on a token’s price, as frequent trading increases available supply on exchanges.

令牌速度对资产价格的直接影响是评论的核心。高速度倾向于在代币的价格上施加向下压力，因为频繁的交易增加了交易所的可用供应。

In contrast, low velocity, associated with holding behavior, typically supports upward price movements due to restricted supply. This relationship is framed as a basic application of supply and demand principles within the cryptocurrency market.

相比之下，与保持行为相关的低速度通常会由于供应量受到限制而支撑价格变动。这种关系被构建为加密货币市场中供求原则的基本应用。

How XRP’s Design Drives High Token Velocity

XRP的设计如何驱动高令牌速度

The commentator specifically points to XRP’s intended functionality as a payment and liquidity solution being a factor in its high token velocity. Within RippleNet and On-Demand Liquidity (ODL), XRP facilitates instant transaction settlements. As a result, banks and institutions often purchase XRP, transfer it across borders, and immediately sell it, leading to rapid turnover of the token.

评论员特别指出XRP的预期功能是付款和流动性解决方案是其高令牌速度的一个因素。在Ripplenet和按需流动性（ODL）中，XRP促进了即时交易结算。结果，银行和机构经常购买XRP，将其转移到边界上并立即出售，从而导致令牌快速营业额。

This inherent design focus on speed and liquidity has unintended consequences for price appreciation, according to the commentary. Unlike assets such as Bitcoin, which is often held as a store of value and exhibits low velocity, XRP’s structure causes it to be treated more like a transactional tool.

评论说，这种固有的设计着重于速度和流动性，对价格赞赏产生了意想不到的后果。与通常以价值存储并表现出低速的比特币等资产不同，XRP的结构使其更像是一种交易工具。

The situation is further amplified by significant trading volumes on cryptocurrency exchanges and periodic escrow releases that increase the circulating supply.

在加密货币交易所和周期性的托管释放方面的大量交易量进一步扩大了这种情况，从而增加了循环供应。

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Potential Solutions to Manage Token Velocity

管理令牌速度的潜在解决方案

The commentary suggests several strategies that could help mitigate XRP’s high token velocity. These include introducing staking mechanisms to encourage long-term holding, implementing token burns to reduce overall supply, and developing new use cases such as tokenizing real-world assets. Each approach aims to incentivize holding behavior and lower the rate at which XRP changes hands.

评论提出了几种策略，可以帮助减轻XRP的高代价速度。其中包括引入堆放机制，以鼓励长期持有，实施令牌燃烧以减少总体供应，并开发新的用例，例如使现实世界中的现实资产。每种方法旨在激励保持行为并降低XRP易手的速度。

The comparison to other major digital assets provides additional context. Bitcoin is noted for its low velocity due to a widespread “HODL” culture, while Ethereum exhibits a moderate velocity due to its use in decentralized finance and staking mechanisms. Stablecoins, commonly used for transactions and trades, display ultra-high velocity, a behavior pattern to which XRP is currently closer.

与其他主要数字资产的比较提供了其他背景。由于广泛的“ hodl”培养物，比特币的速度低，而以太坊由于在分散融资和储存机制中的使用而表现出适度的速度。通常用于交易和交易的Stablecoins显示超高速度，这是XRP当前更接近的行为模式。

Investor Implications and Closing Observations

投资者的影响和结束观察

The commentary from “All Things XRP” delivers a cautionary message to XRP investors. It stresses that simply holding XRP with the expectation of future price surges may be neglecting the asset’s fundamental design. He says the likelihood of price appreciation depends on massive adoption and real-world demand, rather than the mere passage of time.

“万物XRP”的评论向XRP投资者发出了警示信息。它强调的是，仅仅持有XRP期望未来价格飙升的期望可能会忽略资产的基本设计。他说，价格升值的可能性取决于大量采用和现实世界的需求，而不是仅仅时间的流逝。

The analysis concludes by emphasizing that token velocity is a crucial but often overlooked concept in the broader cryptocurrency landscape. A deeper understanding of this factor, especially in the context of XRP, could equip investors with more realistic expectations and smarter strategies moving forward.

分析结论是，在更广泛的加密货币景观中，令牌速度是一个至关重要但经常被忽视的概念。对这一因素，尤其是在XRP背景下的更深入了解，可以使投资者拥有更现实的期望和更智能的策略。

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

：该内容旨在告知，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不代表小报的观点。在做出任何投资决策之前，敦促读者进行深入研究。读者采取的任何行动都严格符合他们自身的风险。时代小报对任何财务损失概不负责。

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