XRP网络看到“热门”的强劲跳跃

这是这种增长与比特币和其他主要加密货币进行比较的方式。

On-chain data from Glassnode reveals that the capital tied to seven-day-old XRP coins, commonly termed "Hot Capital," has experienced a significant surge recently.

GlassNode的链上数据表明，与七日历史的XRP硬币相关的资本通常被称为“热资本”，最近经历了巨大的激增。

The capital reserve of any digital asset is measured through its "Realized Cap," a capitalization model that calculates the total valuation of a cryptocurrency by considering each token in circulation at the last transaction price on the chain. Since the last transaction of any coin is likely to represent the last time it changed hands, the price at that time could be considered as its current cost basis. Thus, the Realized Cap essentially sums up the cost basis of all investors in the asset.

任何数字资产的资本储备都是通过其“已实现的上限”来衡量的，该模型是一种大写模型，该模型通过考虑链条上的最后交易价格来计算加密货币的总估值。由于任何硬币的最后一次交易都可能代表上次易手的交易，因此当时的价格可以视为当前的成本基础。因此，实现的上限实质上总结了所有投资者资产中所有投资者的成本基础。

Any variation in this indicator could be assumed to be capital moving in or out of the cryptocurrency, depending on the direction of the change. In the context of the current topic, the Realized Cap of the entire network isn't of interest, but only of a portion of it: the Hot Supply. This indicator measures the realized cap of coins that last moved during the past seven days.

根据变化的方向，可以认为该指标中的任何变化是资本进出加密货币的资本。在当前主题的上下文中，整个网络的实现上限不是一个有趣的上限，而是其中一部分：热供应。该指标测量了过去七天中最后一次移动的已实现硬币的帽。

In a new post on X, the on-chain analytics firm focused on how this capital associated with young coins has changed for XRP during the last few months. Here is the chart that the firm shared showing the recent trends:

在X上的一篇新帖子中，这家链分析公司的重点是在过去几个月中与XRP相关的这种资本如何变化。这是公司共享的图表显示了最近的趋势：

As is visible in the above graph, the Realized Cap associated with coins that moved during the last week has registered an increase for XRP recently. This could be a potential signal that speculative capital is entering the cryptocurrency.

如上图中可见，与上周移动的硬币相关的已实现的盖子最近对XRP进行了增加。这可能是投机资本进入加密货币的潜在信号。

"XRP Hot Capital rose from $0.92B on 20 Apr to $2.17B on 28 Apr – a $1.25B (+134.9%) surge. Despite this rebound, the metric remains ~72% below its Dec 2024 peak of $7.66B," Glassnode stated.

“ XRP Hot Capital从4月20日的0.92B上涨至4月28日的$ 2.17B - $ 1.25B（+134.9％）的涌入。尽管有反弹，但该指标仍低于其2024年12月72％的7.66b $ 72％，” GlassNode表示。

XRP isn't the only digital asset that's observing an increase in short-term holder activity. As the analytics firm has pointed out in other X posts, Bitcoin, Ethereum, and Solana have all witnessed a considerable rise in Hot Capital during the same period.

XRP并不是唯一观察短期持有人活动增加的数字资产。正如分析公司在其他X帖子中指出的那样，比特币，以太坊和索拉纳在同一时期都见证了热门资本的大幅上升。

First, here is the chart for Bitcoin, displaying how the indicator has gone through a 92% surge to $39.1 billion:

首先，这是比特币的图表，显示了指标如何获得92％的增长到391亿美元：

According to Glassnode, this turnaround in the Hot Capital is one of the fastest upticks that the indicator has seen for Bitcoin in recent months. Though the percentage increase witnessed by the metric is still lower than the one for XRP.

根据GlassNode的说法，Hot Capital中的这种转变是该指标在近几个月来对比特币看到的最快的上升之一。尽管该度量标准的百分比增加仍低于XRP的百分比。

"After hitting a December 2024 low of $20.4B last week, Bitcoin's Hot Capital has seen a rapid turnaround. Rising by 92% over the past seven days to reach $39.1B. This is one of the fastest upticks in recent months."

“在上周达到2024年12月的20.4B美元低点之后，比特币的Hot Capital迅速转变。在过去的七天中上升了92％，达到39.1B美元。这是最近几个月最快的上升之一。”

This isn't surprising considering that Bitcoin's capital has dropped sharply this year, especially during the March crash when the indicator fell below $20 billion for the first time since early 2021.

考虑到今年比特币的资本已经大幅下降，尤其是在3月坠毁时，自2021年初以来首次下跌200亿美元时，这并不奇怪。

The capital tied to seven-day-old ETH coins has also seen a surge, but it isn't as pronounced as the one witnessed by BTC or XRP. In fact, the increase in the indicator is still lower than 50%.

与7天大的Eth Coins相关的首都也看到了激增，但并不像BTC或XRP见证的那样明显。实际上，指标的增加仍低于50％。

"Ethereum's Hot Capital continues to lag, slipping 54% lower since 17 Apr to $22.4B. This compares to Bitcoin's steeper 92% rise and signals that ETH capital isn't yet returning at the same pace."

“以太坊的热资本继续滞后，自17年4月17日至22.4亿美元以来下跌了54％。这相比之下，比特币陡峭的92％上升，表明ETH Capital尚未以同样的速度返回。”

While Hot Capital has grown across these cryptocurrencies, its value still remains far below the high observed earlier in the cycle, an indication that speculative activity hasn't quite made a full comeback yet. More specifically, the indicator is sitting at 60% down for both Bitcoin and Ethereum, and 72% for XRP.

尽管热门资本在这些加密货币中增长，但其价值仍然远低于周期早期观察到的高度，这表明投机活动还没有完全卷土重来。更具体地说，该指标的比特币和以太坊都处于60％的降低，XRP的指标为72％。

The asset that is currently the closest to making a return is Solana, with the metric being around 38% following a weekly jump of 100%.

目前最接近回报的资产是索拉纳（Solana），在每周100％的跃升后，指标约为38％。