XRP、狗狗币和其他资产基于盈利能力进行比较

在 X 上的一篇新帖子中，链上分析公司 Santiment 讨论了加密货币领域各种顶级代币目前的供应利润情况。

Santiment recently analyzed the profitability of major cryptocurrencies like XRP, Dogecoin, and others. Here's how they currently stack up.

Santiment 最近分析了 XRP、狗狗币等主要加密货币的盈利能力。以下是它们目前的堆积方式。

Cryptocurrency analytics firm Santiment has unveiled how several top coins in the cryptocurrency space currently compare regarding an indicator known as the Supply in Profit.

加密货币分析公司 Santiment 公布了目前加密货币领域几种顶级代币在利润供应指标方面的比较情况。

In a new post on X, Santiment discusses this metric and its implications for some of the biggest assets in the industry.

在 X 上的一篇新文章中，Santiment 讨论了这一指标及其对行业中一些最大资产的影响。

What Is Supply In Profit?

什么是利润供给？

The “Supply in Profit” here refers to an indicator that tracks the total percentage of any given asset's supply in circulation that is currently carrying some amount of net unrealized profit.

这里的“利润中的供应”是指跟踪当前带有一定未实现净利润的任何给定流通资产供应的总百分比的指标。

Unlike the version of this metric from some other analytics firms, where a coin is decided to be in profit or loss by comparing the spot price against the last price at which the coin transferred on the blockchain, Santiment's indicator instead uses the price at which the token was initially mined as its “cost basis.”

与其他一些分析公司的该指标版本不同，通过将现货价格与代币在区块链上转移的最后价格进行比较来决定代币的盈利或亏损，Santiment 的指标则使用代币在区块链上转移时的价格。代币最初是作为其“成本基础”开采的。

With this methodology, all asset tokens mined at a higher price than the current one would stand in loss, while those mined at lower prices would be considered in profit.

按照这种方法，所有以高于当前价格开采的资产代币都将遭受损失，而那些以较低价格开采的资产代币将被视为盈利。

Naturally, the Supply in Profit sums up all coins satisfying the latter condition and calculates what percentage of the total circulating supply they make up for.

当然，利润中的供应量将满足后一个条件的所有代币相加，并计算它们占总流通供应量的百分比。

Now, here is a chart that shows the trend in the Supply and Profit for some of the largest coins in the sector over the past few months:

现在，下面的图表显示了过去几个月该行业一些最大代币的供应和利润趋势：

According to the above chart, the worst top coin in terms of Supply in Profit out of the coins in the list is Cardano (ADA), which has just 53.5% of its tokens in the green.

根据上图，列表中的代币中供应利润最差的代币是卡尔达诺（ADA），其只有 53.5% 的代币处于绿色状态。

XRP (XRP) is the second worst at 0.7884, while Dogecoin (DOGE) is just above with 0.8216 of the supply above water. In terms of the best performing assets, Bitcoin (BTC) and Ethereum (ETH) stand out, with the indicator at 0.983 and 0.951, respectively.

XRP (XRP) 排名第二，为 0.7884，而狗狗币 (DOGE) 的供应量略高于水位，为 0.8216。就表现最佳的资产而言，比特币（BTC）和以太坊（ETH）表现最为突出，指标分别为0.983和0.951。

This means that these two coins, the largest in the sector based on market cap, have nearly all of their supply mined below their current spot price.

这意味着这两种加密货币是该行业中市值最大的加密货币，其几乎所有供应量均低于当前现货价格。

In the comments of the X post, a user asked Santiment about the situation with Polygon (MATIC). The analytics firm replied with a chart for the asset, which shows that 35% of its supply is in profit based on this metric.

在 X 帖子的评论中，一位用户向 Santiment 询问了 Polygon (MATIC) 的情况。该分析公司回复了该资产的图表，显示根据该指标，其供应量的 35% 实现了盈利。

This puts Polygon in a worse position on this metric than the likes of Cardano, XRP, and Dogecoin. However, Santiment notes that the trend “likely has something to do with MATIC being introduced amid the 2019 bear market. So with this particular metric, it started out with quite a bit of a handicap.”

这使得 Polygon 在这个指标上的地位比 Cardano、XRP 和 Dogecoin 等货币更差。然而，Santiment 指出，这一趋势“可能与 2019 年熊市期间引入 MATIC 有关。因此，对于这个特定的指标，一开始就有相当大的障碍。”

Now, what significance does the Supply in Profit hold for any cryptocurrency? Usually, the higher the supply in profit for any asset, the more likely it is for a selloff to occur.

现在，利润供应对于任何加密货币有何意义？通常，任何资产的利润供应越高，发生抛售的可能性就越大。

Thus, it's possible that coins with extreme profitability could be near at least a local top. Assets with a relatively lower value of the metric, like XRP or Dogecoin, on the other hand, may have more room to grow before profit-taking becomes a significant threat.

因此，具有极高盈利能力的代币可能至少接近局部顶部。另一方面，指标价值相对较低的资产（例如 XRP 或狗狗币）在获利了结成为重大威胁之前可能有更大的增长空间。

XRP Price At the moment, XRP is trading at around $0.52, up 1% over the past week.

XRP 价格 目前，XRP 交易价格约为 0.52 美元，较过去一周上涨 1%。