作為核心驅動程序的令牌化

這篇文章將完全改變您對XRP的看法以及其真實價值所在的位置。不僅要付款...

Crypto commentator and XRP advocate All Things XRP has shared a detailed post on X, presenting a case for a transformative shift in how XRP’s value should be viewed.

加密評論員和XRP倡導XRP在X上分享了一篇詳細的帖子，為應查看XRP值的變革性轉變提供了案例。

The argument moves away from the traditional focus on payments and instead points to real-world asset (RWA) tokenization on the XRP Ledger (XRPL) as the primary long-term driver of XRP’s price.

該論點從傳統上的付款關注轉移到了XRP Ledger（XRPL）上的現實世界資產（RWA）作為XRP價格的主要長期驅動力。

This transition, according to the post, has the potential to radically alter the token’s supply and demand dynamics by permanently locking up large volumes of XRP.

根據帖子的說法，這種過渡有可能通過永久鎖定大量XRP來從根本上改變令牌的供求動態。

Image Credit: All Things XRP

圖片來源：所有事物XRP

Tokenization as the Core Utility Driver

作為核心驅動程序的令牌化

At the heart of the post is the process of tokenization, defined as the conversion of tangible assets—such as real estate, bonds, or commodities—into digital tokens issued and managed on XRPL. These tokens are described as programmable, globally tradable, settled within 3–5 seconds, and transferred for an average cost of $0.0002.

帖子的核心是代幣化的過程，定義為在XRPL上發行和管理的數字令牌的有形資產的轉換（例如房地產，債券或商品）。這些令牌被描述為可編程，可在全球範圍內進行的，在3-5秒內解決，並以0.0002美元的平均成本轉移。

For instance, a $1 million house can be tokenized into 1 million HOUSE tokens. Through XRPL’s decentralized infrastructure, users can purchase fractional shares, earn yield, and trade these tokens using XRP as the underlying asset.

例如，可以將100萬美元的房屋標記為100萬個房屋令牌。通過XRPL的分散基礎設施，用戶可以使用XRP作為基礎資產購買分數股票，賺取收益率和交易這些代幣。

All Things XRP emphasized that the real significance lies not in XRP’s movement as a transaction token but in how XRP is locked and removed from circulation in various mechanisms essential to tokenization. This forms the crux of the argument—that XRP is being taken “off the table” permanently and that this structural lock-up is the real catalyst for future price appreciation.

XRP的所有事物都強調，真正的意義不在於XRP作為交易令牌的運動，而是在XRP被鎖定和從循環中刪除的各種機制所必需的各種機制所必需的各種機制。這構成了爭論的癥結 - XRP被永久地“脫離桌子”，並且這種結構上的鎖定是未來價格升值的真正催化劑。

Explores the role of $XRP in the tokenization of real-world assets on the @XRPL_official. This analysis provides valuable insights into the potential for large-scale lock-up of $XRP, which could have a significant impact on the token's price in the long term. Read the full post here: https://t.co/5oI6P4eC9v pic.twitter.com/jB8xP74zZx

探索$ XRP在@xrpl_official上現實世界資產的令牌中的作用。該分析為大規模鎖定$ XRP的潛力提供了寶貴的見解，從長遠來看，這可能會對令牌的價格產生重大影響。在此處閱讀完整帖子：https：//t.co/5oi6p4ec9v pic.twitter.com/jb8xp74zzx

— All Things XRP (@XRP_investing) April 12, 2025

- 所有事物XRP（@xrp_investing）2025年4月12日

Mechanisms of XRP Lock-Up

XRP鎖定機理

The post describes three key mechanisms through which XRP is locked within the tokenization process. First, Automated Market Maker (AMM) pools hold XRP in smart contracts to enable liquidity for trading between token pairs such as XRP and tokenized real estate assets. This is identified as the most significant contributor to XRP lock-up.

該帖子描述了XRP鎖定在令牌化過程中的三個關鍵機制。首先，自動化的做市商（AMM）池持有XRP的智能合約，以使能夠在XRP和令牌化房地產資產等令牌對之間進行流動性。這被確定為XRP鎖定的最重要的貢獻者。

Second, XRP can be deposited as collateral in decentralized lending protocols. Although stablecoins like RLUSD may become prominent in these environments, All Things XRP argues that XRP will continue to play a central role, especially as decentralized finance expands on XRPL.

其次，XRP可以作為分散貸款方案中的抵押品沉積。儘管像RLUSD這樣的Stablecoins在這些環境中可能會變得突出，但XRP認為XRP將繼續發揮核心作用，尤其是隨著分散的財務在XRPL上的擴展。

Third, XRP is required in small amounts to open accounts and establish trust lines—specifically, 1 XRP per account and 0.2 XRP per trust line. While seemingly minor at the individual level, this demand becomes meaningful at scale.

第三，需要少數數量的XRP才能打開帳戶並建立信託行，特別是每個帳戶1 XRP和每條信任線0.2 XRP。雖然在個人層面上似乎很小，但這種需求在大規模上變得有意義。

A concrete example is offered involving the tokenization of a $1 million property, with an XRP/HOUSE AMM pool seeded with 24,390 XRP. As users enter the market and swap XRP for HOUSE tokens, more XRP enters the pool and remains locked. If replicated across 1,000 similar properties, this single-use case alone could result in 24.39 million XRP being locked.

提供了一個具體的例子，涉及100萬美元的財產的令牌化，XRP/House AMM泳池播種24,390 XRP。當用戶進入市場並將XRP交換為房屋令牌時，更多的XRP進入池並保持鎖定。如果在1,000個類似的屬性中復制，僅此一次一次性案例可能會導致2439萬XRP被鎖定。

Quantifying the Long-Term Impact

量化長期影響

The post cites projections from Ripple that place the total value of tokenized assets at $6 trillion by 2025. If XRPL captures just 10% of that market—$600 billion—then based on current mechanisms, approximately 17.58 billion XRP could be locked: 14.6 billion in AMMs, 2.9 billion in lending, and 20 million in reserves. This would represent over 30% of the current circulating supply of XRP.

該帖子引用了Ripple的預測，該預測將令牌資產的總價值截至2025年。如果XRPL僅捕獲該市場的10％（6000億美元），則基於當前機制，約有175.8億XRP的XRP可以鎖定：AMMS，29億美元，在29億盧比中，租用了29億美元。這將代表當前XRP當前循環供應的30％以上。

Looking ahead, the post extrapolates to 2033, when global tokenized assets could reach $18.9 trillion. If XRPL’s market share increases to 15%, approximately 28.37 billion XRP could be locked. That would amount to nearly half of the total circulating supply, fundamentally altering the token’s availability and market dynamics.

展望未來，郵政推斷至2033年，當時全球令牌資產可能達到18.9萬億美元。如果XRPL的市場份額增加到15％，則可能會鎖定約283.7億XRP。這將相當於循環總供應的近一半，從根本上改變了令牌的可用性和市場動態。

Structural Shift in XRP's Narrative

XRP敘述的結構轉變

All Things XRP concludes that this phenomenon should not be seen as theoretical or speculative. It is instead presented as an inherent result of XRPL’s design.

XRP的所有事物得出的結論是，這種現像不應被視為理論或投機性。相反，它是XRPL設計的固有結果。

As more real-world assets are tokenized, more XRP is absorbed into the ecosystem and locked permanently. This structural supply reduction will support XRP’s price growth over time.

隨著更多現實世界的資產被標記化，更多的XRP被吸收到生態系統中並永久鎖定。這種結構性減少將支持XRP隨時間增長的價格增長。

The argument places XRP’s evolving utility in the context of broader financial infrastructure, asserting that the token’s long-term appreciation will be driven less by retail speculation or transactional volume and more by its embedded role in a growing global market

該論點將XRP的不斷發展的效用在更廣泛的金融基礎設施的背景下，斷言，代幣的長期欣賞將通過零售投機或交易量來減少，而更多地通過其在不斷增長的全球市場中的嵌入式角色來驅動。