XRP交易量爆炸 - Solana落后

不久前，许多人认为Solana将是推出自己的ETF的下一个Altcoin。但是Kaiko的新报告讲了一个不同的故事。 XRP现在领先。

Key Takeaways:

关键要点：

* XRP transactions on U.S. exchanges have surged in the first part of 2025, placing it ahead of Solana in terms of transactional activity and market depth.

*美国交易所的XRP交易在2025年的第一部分飙升，就交易活动和市场深度而言，将其领先于Solana。

* The timing of Ripple’s settlement with the SEC and the judge’s ruling on XRP sales being securities played a role in the token’s recovery.

* Ripple与SEC和法官对XRP销售作为证券的裁决的定时时间在代币的复苏中发挥了作用。

* With Teucrium Investment Advisors launching a 2x leveraged XRP ETF in April, XRP already has an ETF in the U.S., unlike Solana, Litecoin, Cardano, and others.

* Teucrium Investment Advisors在4月推出了2倍杠杆XRP ETF，XRP已经在美国拥有ETF，与Solana，Litecoin，Cardano等不同。

* Polymarket bettors see a 73% chance of a U.S. spot ETF for XRP being approved, the highest among altcoins.

* Polymarket Bettors看到了XRP批准的美国ETF的73％的机会，这是Altcoins中最高的。

* As the clock ticks down on a potential altcoin ETF approval, XRP now appears to be in a better position than Solana.

*随着时钟在潜在的Altcoin ETF批准下滴答作用时，XRP现在似乎比Solana更好。

Just a short time ago, many in the crypto sphere had their eyes set on Solana (SOL) as the next altcoin to launch its own ETF in the United States. However, the latest report from Kaiko tells a different story, placing XRP in the lead.

不久前，加密球体中的许多人都将目光投向了Solana（Sol），这是下一个在美国发射自己的ETF的Altcoin。但是，Kaiko的最新报告讲述了一个不同的故事，将XRP带到了领先地位。

One major reason for XRP’s surge in activity is the sudden growth in exchange activity and market depth. In the first part of 2025, XRP transactions in the U.S. saw a significant jump, especially considering the timing. It happened right after Ripple closed its long legal case with the SEC.

XRP活动激增的主要原因之一是交换活动和市场深度的突然增长。在2025年的第一部分中，美国的XRP交易有很大的跳跃，尤其是考虑到时机。在Ripple结束了与SEC的长期法律案件之后，它发生了。

This closure and the judge’s ruling that XRP sales on crypto exchanges are not securities helped the token regain trust in the market. As a result, there was an urgency to open an XRP ETF. Teucrium Investment Advisors took the initiative and launched a 2x leveraged ETF for XRP in April.

这次关闭以及法官对加密交易所XRP销售的裁决不是证券，帮助令牌重新获得了市场的信任。结果，有迫切需要打开XRP ETF。 Teucrium Investment Advisors主动进行了主动权，并于4月为XRP推出了2倍杠杆ETF。

This means a real product is already live, people are already using it, and regulators have permitted it. As Kaiko’s Adam Morgan McCarthy points out, “It’s hard to argue against allowing a spot product when there’s already an active ETF like this.”

这意味着真正的产品已经存在，人们已经在使用它，并且监管机构允许它。正如Kaiko的亚当·摩根·麦卡锡（Adam Morgan McCarthy）指出的那样，“很难在已经有这样的活跃的ETF时反对允许允许现场产品。”

Solana, Litecoin, Cardano, and others have only applied for ETFs, but none of them have one live on the market yet. This makes XRP stand out.

Solana，Litecoin，Cardano和其他人只申请了ETF，但它们都没有在市场上居住。这使XRP脱颖而出。

Solana Still Has Support, But XRP Is Clearly Ahead

Solana仍然有支持，但是XRP显然是领先的

On Polymarket, bettors now say there’s a 73% chance that a U.S. spot ETF for XRP will be approved. This is a drop from the 87% chance seen in March, but it’s still the highest among altcoins.

在Polymarket上，Bettors现在说，将有73％的XRP ETF获得批准的机会73％。这是从三月份看到的87％的机会下降，但它仍然是山寨币中最高的。

A judge’s ruling in 2023 helped a lot. The judge said XRP sales on crypto exchanges are not securities. This made the token safer for market use. In 2025, Ripple paid a $50 million fine. This ended the legal battle. After that, things moved faster.

法官在2023年的裁决有所帮助。法官说，加密交易所的XRP销售不是证券。这使代币更安全用于市场使用。 2025年，Ripple支付了5000万美元的罚款。这结束了法律斗争。之后，情况移动得更快。

Solana still has support from big companies, and its own ETF application has been pending since February 2024. However, XRP now has what it needs — strong transaction volume, a working ETF, and legal clarity. These are the same things that helped Bitcoin and Ethereum get approved.

Solana仍然得到了大公司的支持，自2024年2月以来，其自己的ETF应用程序一直在审理中。但是，XRP现在拥有所需的东西 - 强大的交易量，工作ETF和法律清晰度。这些是帮助比特币和以太坊获得批准的相同的东西。

Solana is still in the race, and it will be interesting to see which coin gets approved first. If this pace continues, XRP could be the next altcoin to get its own spot ETF in the U.S. As the clock ticks down on a potential altcoin ETF approval, it appears that XRP has a slight edge over Solana at this point in the race.

Solana仍在比赛中，很有趣的是首先获得硬币获得批准。如果这种速度继续下去，XRP可能是下一个在美国的Altcoin ETF批准时，XRP在美国获得了自己的ETF，看来XRP在比赛中此时对Solana有略有优势。