XRP在FDMC中翻轉以太坊

在加密市場的令人驚訝的舉動中，XRP在關鍵估值指標中超過了以太坊（ETH）：完全稀釋的市值（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).

在加密貨幣市場中令人驚訝的發展中，XRP在關鍵估值度量中設法超越了以太坊（ETH）：完全稀釋的市值（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.

這項成就是因為世界第二大加密貨幣一直在努力保持不足的市場趨勢，這使其很容易在十大加密貨幣中失去其位置。

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在過去六個月中的表現令人印象深刻，從而使其通過市值悄悄地超越了世界第二大加密貨幣。

XRP Flips Ethereum In FDMC

XRP在FDMC中翻轉以太坊

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的加密分析師兼直言不諱的支持者愛德華·法琳娜（Edward Farina）於4月18日登上X（以前為Twitter），宣布XRP已正式取代以太坊，以完全稀釋的市場資本化。

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代表加密貨幣的總潛在值，如果其所有令牌都在循環中。該度量通常是通過將加密貨幣的當前價格乘以其最大令牌電源來計算的。

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

這與更常見的市值指標形成鮮明對比，市值指標只有循環供應的因素。

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在發表職位時報告說，XRP的FDMC已達到2084億美元，超過以太坊的1925億美元，約為159億美元。

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.

這標誌著XRP連續六個月的預計價值優於以太坊，這表明了兩種主要的加密貨幣之間的山寨幣優勢的潛在變化。

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.

儘管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。截至撰寫本文時，ETH的市值估計為1,914億美元，而XRP的1,243億美元，反映了約748.4億美元的差額。

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之間這種差異的關鍵原因在於其獨特的令牌結構。 XRP供應的很大一部分是在託管中舉行的，這意味著這些令牌尚未在公開市場中可用。

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

儘管它們不計入循環供應，但它們被包括在其完全稀釋的市值中。

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.

這種區別背後的含義仍然很清楚：如果XRP的所有託管中的所有令牌都已解鎖和流傳，則其市場價值可能會超過以太坊的價值。

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.

隨著AltCoin在估值指標和投資者的興趣方面穩步增長勢頭，這可能會對以太坊作為第一大替代幣和第二大加密貨幣的地位構成重大挑戰。