XRP没有金融公用事业

连锁促进的加密货币XRP通常被吹捧为改变付款和跨境交易的游戏规则。

In a recent commentary, Jeff Dorman, CIO of crypto hedge fund Arca, discussed the role of social and financial value in determining the price of a cryptocurrency.

在最近的评论中，加密对冲基金ARCA的CIO杰夫·多曼（Jeff Dorman）讨论了社会和财务价值在确定加密货币价格的作用。

As the crypto landscape grows increasingly crowded, it can be challenging to distinguish between promising projects and those that are merely hyped.

随着加密货币景观越来越拥挤，区分有前途的项目和仅被大肆宣传的项目可能会很具有挑战性。

To illustrate this point, Dorman used the example of a Solana-based meme coin, $TRUMP, which was launched with no cash flows and only social value.

为了说明这一点，Dorman使用了一个基于Solana的Meme Coin $ TRUMP的示例，该硬币是没有现金流，只有社会价值的。

However, the narrative shifted when the team behind the meme coin announced that U.S. President Donald Trump is set to host an exclusive gala dinner at the Trump National Golf Club in Washington, D.C., for top $TRUMP holders on May 22.

但是，叙述发生了变化，当Meme Coin背后的团队宣布美国总统唐纳德·特朗普（Donald Trump）将于5月22日在华盛顿特朗普的特朗普国家高尔夫俱乐部举办独家晚宴，于5月22日为特朗普持有人提供。

This event, which will take place nearly two years after the launch of the meme coin, will bring together the top 1,000 $TRUMP holders.

这项活动将在Meme Coin发起近两年后举行，将汇集前1,000美元的特朗普持有人。

Prior to this announcement, $TRUMP had no financial utility, and users could not do anything with the token. However, the dinner announcement brought utility value to the meme coin.

在发布此消息之前，$特朗普没有金融公用事业，用户无法对令牌做任何事情。但是，晚餐公告为模因硬币带来了公用事业价值。

Meanwhile, Dorman believes that XRP, despite being one of the top 10 cryptocurrencies by market cap, has no utility or financial value.

同时，Dorman认为，尽管XRP是市值划分的十大加密货币之一，但没有公用事业或财务价值。

According to the Arca exec, XRP's market cap has soared to around $150 billion, and he argues that this is mainly due to social value.

根据ARCA Exec的说法，XRP的市值飙升至1500亿美元，他认为这主要是由于社会价值。

“People love to hate on XRP, but it’s probably in the top 10 cryptocurrencies by market cap. At the moment, XRP has no financial utility. It has social value, which is expressed through community strength, partnerships, and the size of the ecosystem.

“人们喜欢讨厌XRP，但它可能在市值上排名前10位的加密货币。目前，XRP尚无财务实用性。它具有社会价值，这是通过社区实力，伙伴关系和生态系统规模来表达的。

Social value is real, but quantifying that value is impossible. Utility value is a little easier to measure, but still hard. When a token is useful, you can estimate how much it’s worth to use, and therefore estimate demand,” Dorman explained.

社会价值是真实的，但是量化该价值是不可能的。公用事业值更容易衡量，但仍然很难。当令牌有用时，您可以估计使用多少物有所值，因此可以估计需求。” Dorman解释说。

However, he believes that XRP may gain utility through Ripple's dollar-pegged stablecoin, Ripple USD (RLUSD), which was deployed on the company's institution-focused XRP Ledger and Ethereum blockchain in December 2024.

但是，他认为XRP可能会通过Ripple的Dollar Peggge Stablecoin，Ripple USD（RLUSD）获取公用事业，该公司于2024年12月在公司以机构为重点的XRP Ledger和以太坊区块链上部署。

Moreover, financial value could be generated through acquisitions, such as if Ripple were to purchase stablecoin issuer Circle.

此外，可以通过收购产生财务价值，例如Ripple是否要购买Stablecoin发行人圈子。

Reports late last month indicated that Ripple had bid up to $5 billion as part of an attempted takeover of Circle, but this was rejected as being too low.

上个月下旬的报道表明，作为试图接管圈子的一部分，Ripple的竞标价格高达50亿美元，但这被拒绝为太低。

Bitwise president Teddy Fusaro suggested at the time that Ripple could buy a lot of crypto companies if they wanted, as the company currently holds over $93 billion in XRP.input: As cryptocurrency continues to gain mainstream attention, several projects are striving to provide innovative solutions in the payments and cross-border transaction domains. Among these projects, Ripple-promoted cryptocurrency XRP is often touted as a game-changer.

Bitwise总裁Teddy Fusaro在当时建议，Ripple如果愿意的话，Ripple可以购买很多加密公司，因为该公司目前持有XRP.Input的930亿美元以上：由于加密货币继续引起主流的关注，几个项目正在努力在付款和交叉交易领域提供创新的解决方案。在这些项目中，连锁反应的加密货币XRP通常被吹捧为改变游戏规则的人。

However, the CIO of crypto hedge fund Arca has questioned the financial utility of XRP, contrasting it with the social value that has driven the meme coin $TRUMP.

但是，加密性对冲基金的CIO Arca质疑了XRP的金融业务，将其与推动了Meme Coin $ Trump的社会价值形成鲜明对比。

“XRP Has No Financial Utility”

“ XRP没有金融公用事业”

Jeff Dorman, the CIO of Arca, made the assertion while discussing the role of social and financial value in determining the price of a cryptocurrency.

ARCA的CIO杰夫·多曼（Jeff Dorman）在讨论社会和财务价值在确定加密货币价格中的作用时做出了主张。

In a recent commentary, Dorman said that the meme coin, which is based on Solana, had only social value upon its launch, as there were no cash flows, and users could not do anything with the token.

Dorman在最近的评论中说，基于Solana的Meme硬币在发布时只有社会价值，因为没有现金流，用户无法使用令牌。

However, the game changed after the team behind the meme coin announced that U.S. President Donald Trump is set to host an exclusive gala dinner at the Trump National Golf Club in Washington, D.C., for top $TRUMP holders on May 22.

然而，在模因硬币背后的团队宣布，美国总统唐纳德·特朗普（Donald Trump）将于5月22日在华盛顿特朗普国家高尔夫俱乐部举办独家晚宴之后发生了变化。

This event, which will take place nearly two years after the launch of the meme coin, will bring together the top 1,000 $TRUMP holders.

这项活动将在Meme Coin发起近两年后举行，将汇集前1,000美元的特朗普持有人。

Prior to this announcement, $TRUMP had no financial utility, and users could not do anything with the token. But the dinner announcement brought utility value to the meme coin.

在发布此消息之前，$特朗普没有金融公用事业，用户无法对令牌做任何事情。但是晚餐公告为模因硬币带来了公用事业价值。

Meanwhile, Dorman thinks that XRP, despite being one of the top 10 cryptocurrencies by market cap, has no utility or financial value.

同时，Dorman认为，尽管XRP是市值排名前10的加密货币之一，但没有公用事业或财务价值。

According to the Arca exec, XRP's market cap has soared to around $150 billion, and he argues that this is mainly due to social value.

根据ARCA Exec的说法，XRP的市值飙升至1500亿美元，他认为这主要是由于社会价值。

“People love to hate on XRP, but it’s probably in the top 10 cryptocurrencies by market cap. At the moment, XRP has no financial utility. It has social value, which is expressed through community strength, partnerships, and the size of the ecosystem.

“人们喜欢讨厌XRP，但它可能在市值上排名前10位的加密货币。目前，XRP尚无财务实用性。它具有社会价值，这是通过社区实力，伙伴关系和生态系统规模来表达的。

Social value is real, but quantifying that value is impossible. Utility value is a little easier to measure, but still hard. When a token is useful, you can estimate how much it’s worth to use, and therefore estimate demand,” Dorman explained.

社会价值是真实的，但是量化该价值是不可能的。公用事业值更容易衡量，但仍然很难。当令牌有用时，您可以估计使用多少物有所值，因此可以估计需求。” Dorman解释说。

However, he believes that XRP may gain utility through Ripple's dollar-pegged stable

但是，他认为XRP可能会通过Ripple的Dollar-Peggg稳定而获得实用性