XRP是Ripple Network的原始貨幣，對世界領先的數字資產的比特幣（BTC）取得了非凡的壯舉

輸入：Ripple Network的原始貨幣XRP對全球領先的數字資產的比特幣（BTC）取得了非凡的壯舉。如玻璃節的突出顯示

XRP, the native currency of the Ripple network, has achieved a remarkable feat against Bitcoin (BTC), the world’s leading digital asset.

XRP是Ripple Network的原始貨幣，對全球領先的數字資產比特幣（BTC）實現了非凡的壯舉。

As highlighted by Glassnode, a prominent on-chain data platform, XRP has gained strong retail investor interest in the current market cycle.

正如出色的鍊鍊數據平台GlassNode所強調的那樣，XRP在當前市場週期中已獲得了巨大的零售投資者興趣。

XRP's retail boom vs. Bitcoin's institutional growth

XRP的零售繁榮與比特幣的機構增長

Notably, XRP’s retail popularity has seen the ecosystem surge in active addresses since the 2022 bear market bottom. XRP’s active addresses have grown by a staggering 490%, indicating a huge spike in individual traders and smaller investors transacting with the coin.

值得注意的是，自2022年熊市底部以來，XRP的零售知名度已看到活躍地址的生態系統激增。 XRP的主動地址增長了驚人的490％，表明個人交易員和與硬幣進行交易的小型投資者的激增。

Interestingly, Bitcoin has only managed a 10% increase within the same period. This suggests that institutional players drive Bitcoin’s rally more than retail activities.

有趣的是，比特幣在同一時期內僅管理10％。這表明機構參與者比零售活動更多地駕駛比特幣的集會。

$XRP has emerged as a new retail favorite this cycle, diverging from #Bitcoin’s more institutional-driven rally. Since the 2022 cycle low, $XRP active addresses are up +490%, while $BTC has only seen a +10% increase - a sharp signal of speculative retail demand.https://t.co/M8R7J7uE7r pic.twitter.com/mGRuktUVXK

$ XRP已成為這個週期的新零售最愛，與＃比特幣更具機構驅動的拉力賽不同。由於2022週期低，$ XRP的活動地址上升 +490％，而$ btc僅增加了10％的增長 - 急劇的投機零售需求信號。

— Glassnode (@glassnode) August 28, 2023

- 2023年8月28日，玻璃節（@GlassNode）

Understandably, Bitcoin has an exchange-traded fund (ETF) that gives institutional investors exposure to the coin. According to data, the total Bitcoin ETF market cap is over $100 billion.

可以理解的是，比特幣具有交易所交易基金（ETF），使機構投資者接觸硬幣。根據數據，比特幣ETF市值超過1000億美元。

The massive increase in XRP’s active addresses signals that the ecosystem has more investors trading the asset daily. These traders are in the space daily, betting on price movements and potential gains, not on long-term investment.

XRP主動地址的大​​幅度增加表明，生態系統每天都有更多的投資者進行資產進行交易。這些交易者每天都在空間中，押注價格變動和潛在的收益，而不是長期投資。

This assertion is evident from the different rally paths of both coins. While BTC registered a gradual rise supported by long-term holders, XRP has been growing sideways.

從兩個硬幣的不同集會路徑中可以明顯看出這種斷言。儘管BTC在長期持有人的支持下逐漸增長，但XRP一直在側面增長。

Its cycle only broke out in December, which suggests a retail-backed spike, not institutional accumulation.

它的周期僅在12月爆發，這表明零售支持的尖峰，而不是機構積累。

What next for XRP institutional capital?

XRP機構資本的下一步是什麼？

According to Glassnode, the fact that XRP is attracting a flood of small traders might affect its profitability. The on-chain data platform suggests that XRP’s rally might not have the same sustainability as Bitcoin, whose growth is driven by big-money investors, ETFs and institutions.

根據GlassNode的說法，XRP吸引大量小型交易者的事實可能會影響其盈利能力。鏈上數據平台表明，XRP的集會可能沒有與比特幣相同的可持續性，比特幣的增長是由大型投資者，ETF和機構驅動的。

However, recent developments, such as the inclusion of XRP in the U.S. crypto stockpile and the end of the Ripple vs. Securities and Exchange Commission (SEC) lawsuit, might cause a shift.

但是，最近的事態發展，例如在美國加密貨幣庫存中納入XRP，以及Ripple與Securities and Exchange Commission（SEC）訴訟的結束，可能會導致轉變。

XRP might record more institutional interest as several asset management firms, such as Bitwise, Grayscale and Canary Capital, have filed ETF applications with the SEC. Nate Geraci, President of ETF Stores, believes approval is just a matter of time, with others like BlackRock and Fidelity likely to join the race.

XRP可能會記錄更多的機構利益，因為幾家資產管理公司（例如Bitwise，Grayscale和Canary Capital）已向SEC提出了ETF申請。 ETF商店總裁內特·格拉西（Nate Geraci）認為，批准只是時間問題，貝萊德（Blackrock）和富達（Fidelity）等其他人可能會參加比賽。