XRP Ledger（XRPL）Q1更新：RLUSD Surges，隐藏的道路获取信号机构枢轴

XRP Ledger（XRPL）正在进入2025年的势头，发布了强大的绩效指标，并采取了战略步骤来进行机构采用。

As we quickly approach 2025, the XRP Ledger (XRPL) continues to gain momentum with strong performance and strategic steps toward institutional adoption. Here's a closer look at some of the most notable developments in Q1 2025.

随着我们迅速接近2025，XRP Ledger（XRPL）继续以强大的绩效和朝着机构采用的战略步骤获得动力。这是第1季度2025年最著名的发展。

RLUSD Market Cap Surges 304% in Q1 2025

RLUSD市值在第1季度2025年飙升304％

RLUSD市值在第1季度2025年飙升304％

Relative to last quarter, the market cap of RLUSD on the XRP Ledger soared 304%, reaching $44.2 million by the end of March 31, 2025. This growth was driven largely by the surging demand for stablecoins on the chain and the increasing utility of the token.

相对于上个季度，XRP Ledger的RLUSD的市值飙升了304％，到2025年3月31日，达到了4420万美元。这种增长主要是由于链条上对稳定股的需求的飙升和代币的增加。

In comparison, the total market cap of all seven U.S.D. stablecoins on Ethereum at the time was $1.16 billion, highlighting the relatively smaller scale of stablecoin ecosystems on alt-chains despite their rising presence.

相比之下，当时在以太坊上所有七个USD Stablecoins的总市值为11.6亿美元，尽管存在着升高，但在Alt-Chains上的Stablecoin生态系统的规模相对较小。

As the XRP Ledger continues to attract more DeFi protocols and institutional financial applications, we can expect to see even greater contributions from stablecoins in the quarters to come.

随着XRP Ledger继续吸引更多的Defi协议和机构财务应用，我们可以期望在未来的地区看到Stablecoins的更大贡献。

XRPL Daily Active Addresses Up 142%

XRPL每日活动地址增加了142％

XRPL每日活动地址增加了142％

The average number of daily active addresses on the XRP Ledger increased by 142% in Q1 2025. This surge in user engagement and wallet activity across the XRPL ecosystem signifies a broader adoption of the chain.

XRP分类帐中的每日活动地址的平均数量在Q1 2025中增加了142％。XRPL生态系统中用户参与度和钱包活动的激增表示该链条的广泛采用。

In contrast, the average number of daily active Ethereum addresses rose by just 16% over the same period, suggesting that XRPL is outpacing ETH in terms of user engagement despite the latter’s larger market cap and DeFi presence.

相比之下，同一时期的平均每日活跃以太坊数量仅增长了16％，这表明XRPL在用户参与方面，尽管后者的市场上限较大，并且在用户参与方面都超过了ETH。

This disparity could be attributed to the XRP Ledger’s focused approach on interoperability and cross-chain solutions, attracting a diverse range of users beyond those primarily focused on decentralized applications.

这种差异可以归因于XRP Ledger在互操作性和跨链解决方案上的重点方法，从而吸引了不同范围的用户，而不是主要专注于分散应用程序的用户。

XRPL CLOB Volume Up 74%

XRPL Clob音量增加了74％

XRPL Clob音量增加了74％

The average daily volume on the Central Limit Order Book (CLOB) increased by 74% in Q1 2025. This deeper liquidity and heightened market participation are crucial for attracting institutional traders who prefer a stable pricing environment and sufficient volume for large-scale trades.

第1季度2025年，中央限制订单簿（CLOB）的平均每日数量增加了74％。这种更深层次的流动性和增加的市场参与对于吸引喜欢稳定定价环境和足够数量的机构交易者至关重要。

In contrast, the average daily volume on the XRP Ledger’s Decentralized Limit Order Book (DLOB) declined by 56% over the same period. While the CLOB is typically used for spot trading, the DLOB is designed for derivatives and other advanced financial products.

相比之下，同一时期，XRP分类帐的分散限额订单（DLOB）的平均每日量下降了56％。虽然Clob通常用于现货交易，但DLOB是为衍生品和其他高级金融产品设计的。

This shift in favor of the CLOB suggests a greater focus on traditional trading formats, which aligns with the XRP Ledger’s broader strategy of accommodating institutional preferences.

支持杂物的这种转变表明，更加关注传统交易格式，这与XRP Ledger更广泛的适应机构偏好的策略相吻合。

Ripple Acquires Hidden Road

波纹获得了隐藏的道路

波纹获得了隐藏的道路

After rumors swirled for months, cross-border payments giant Ripple announced in January the acquisition of Hidden Road, a global prime brokerage firm that serves hedge funds, asset managers and family offices. The move is expected to bring more institutional capital and DeFi infrastructure to the XRP Ledger.

谣言旋转了几个月后，跨境支付巨头涟漪在1月份宣布，收购了一家为对冲基金，资产经理和家庭办事处提供服务的全球主要经纪公司Hidden Road。预计此举将为XRP Ledger带来更多的机构资本和基础设施。

This acquisition aligns closely with Ripple’s broader vision to transform the XRP Ledger into a high-performance, enterprise-grade blockchain that supports tokenized assets and financial products.

此次收购与Ripple更广泛的愿景紧密相吻合，即将XRP Ledger转变为支持标记资产和金融产品的高性能，企业级区块链。

In contrast to blockchains like Ethereum, which are largely focused on decentralized applications, Ripple’s strategy is to build an ecosystem that can support both DeFi and traditional financial institutions.

与以太坊这样的区块链相反，以太坊（以太坊）主要集中在分散应用程序上，Ripple的策略是建立一个可以支持DEFI和传统金融机构的生态系统。

This approach is evident in the development of several key protocols and specifications on the XRP Ledger, including the new standard for cross-chain asset portability.

在开发XRP分类帐的几个关键协议和规格中，包括跨链资产可移植性的新标准，这种方法很明显。

As more DeFi protocols and institutions decide to build on the XRP Ledger, we can expect to see even greater contributions from stablecoins and a further expansion of the broader crypto ecosystem.

随着越来越多的规程和机构决定以XRP分类帐为基础，我们可以期望看到Stablecoins的更大贡献以及更广泛的加密生态系统的进一步扩展。