XRP在FDMC中翻转以太坊

在加密市场的令人惊讶的举动中，XRP在关键估值指标中超过了以太坊（ETH）：完全稀释的市值（FDMC）。

In a surprising development within the cryptocurrency market, XRP has managed to surpass Ethereum (ETH) in a key valuation metric: Fully Diluted Market Capitalization (FDMC).

在加密货币市场中令人惊讶的发展中，XRP在关键估值度量中设法超越了以太坊（ETH）：完全稀释的市值（FDMC）。

This achievement comes as the world’s second-largest cryptocurrency has been struggling to stay afloat amid a bearish market trend, rendering it vulnerable to losing its position in the top 10 cryptocurrencies.

这项成就是因为世界第二大加密货币一直在努力保持不足的市场趋势，这使其很容易在十大加密货币中失去其位置。

However, XRP’s performance over the last six months has been nothing short of impressive, leading to it quietly overtaking the world’s second-largest cryptocurrency by market capitalization.

但是，XRP在过去六个月中的表现令人印象深刻，从而使其通过市值悄悄地超越了世界第二大加密货币。

XRP Flips Ethereum In FDMC

XRP在FDMC中翻转以太坊

Edward Farina, a crypto analyst and outspoken supporter of XRP, took to X (formerly Twitter) on April 18 to announce that XRP has officially overtaken Ethereum in terms of Fully Dilૂપી Diluted Market Capitalization.

XRP的加密分析师兼直言不讳的支持者爱德华·法琳娜（Edward Farina）于4月18日登上X（以前为Twitter），宣布XRP已正式取代以太坊，以完全稀释的市场资本化。

The FDMC represents the total potential value of a cryptocurrency if all of its tokens were in circulation. This metric is usually calculated by multiplying a cryptocurrency’s current price by its maximum token supply.

FDMC代表加密货币的总潜在值，如果其所有令牌都在循环中。该度量通常是通过将加密货币的当前价格乘以其最大令牌电源来计算的。

This contrasts with the more commonly referenced market capitalization metric, which only factors in circulating supply.

这与更常见的市值指标形成鲜明对比，市值指标只有循环供应的因素。

At the time of his post, Farina reported that XRP’s FDMC had reached $208.4 billion, surpassing Ethereum’s $192.5 billion by approximately $15.9 billion.

Farina在发表职位时报告说，XRP的FDMC已达到2084亿美元，超过以太坊的1925亿美元，约为159亿美元。

This marks over six consecutive months of XRP outperforming Ethereum in terms of projected value, signaling a potential shift in altcoin dominance between the two leading cryptocurrencies.

这标志着XRP连续六个月的预计价值优于以太坊，这表明了两种主要的加密货币之间的山寨币优势的潜在变化。

Despite XRP’s FDMC milestone, it’s worth noting that Ethereum’s current market capitalization remains significantly higher. As of writing, ETH’s market cap is estimated at $199.14 billion, compared to XRP’s $124.3 billion, reflecting a difference of around $74.84 billion.

尽管XRP是FDMC里程碑，但值得注意的是，以太坊目前的市值仍然更高。截至撰写本文时，ETH的市值估计为1,914亿美元，而XRP的1,243亿美元，反映了约748.4亿美元的差额。

The key reason for this discrepancy between XRP’s market capitalization and FDMC lies in its unique token structure. A significant portion of XRP’s supply is held in escrow, meaning those tokens are not yet available in the open market.

XRP市值和FDMC之间这种差异的关键原因在于其独特的令牌结构。 XRP供应的很大一部分是在托管中举行的，这意味着这些令牌尚未在公开市场中可用。

While they do not count toward the circulating supply, they are included in its Fully Diluted Market Capitalization.

尽管它们不计入循环供应，但它们被包括在其完全稀释的市值中。

The implication behind this distinction remains clear: if all of XRP’s tokens in escrow were unlocked and circulated today, its market value could exceed that of Ethereum.

这种区别背后的含义仍然很清楚：如果XRP的所有托管中的所有令牌都已解锁和流传，则其市场价值可能会超过以太坊的价值。

As the altcoin steadily gains momentum in valuation metrics and investor interest, it could pose a significant challenge to Ethereum’s position as the number one altcoin and second-largest cryptocurrency.

随着AltCoin在估值指标和投资者的兴趣方面稳步增长势头，这可能会对以太坊作为第一大替代币和第二大加密货币的地位构成重大挑战。