儘管市值為1440億美元

最近的報告表明，XRP的DEX交易量大大低於預期，引發了有關其現實世界採用的問題

"I think XRP is biggest financial scam the world has ever seen. There never been something that has produced less value that has reached this market cap ($144 billion). The XRP ledger did $44k in volume in the last 24h according to DeFiLlama. For perspective, TRON, which isn't exactly known for its DeFi activity, did $66M in the last 24h."

“我認為XRP是世界上最大的財務騙局。從來沒有一些產生較少的價值達到了這一市值的價值（1,440億美元）。XRP Ledger在過去的24小時內的數量為4.4k美元。根據Perspective，TRON，TRON，TRON，這並不完全是因為其Defi Activity而聞名，在過去的24H中卻不是66m。”

Prominent on-chain researcher Aylo has expressed concerns over the stark contrast between XRP’s valuation and its real-world utility. According to the latest data from DeFiLlama, XRP’s decentralized exchange (DEX) trading volume over the past 24 hours stands at a measly $44,000.

著名的鍊鍊研究員Aylo對XRP的估值與現實世界實用程序之間的鮮明對比表示了擔憂。根據Defillama的最新數據，XRP在過去24小時內的分散交易量（DEX）交易量為44,000美元。

For a cryptocurrency ranked third largest by market cap, with a valuation exceeding $140 billion, such a low trading volume is practically unheard of. Typically, a high market capitalization is directly related to significant network activity and trading volume. However, XRP appears to be an exception to this rule.

對於按市值排名第三大的加密貨幣，其估值超過1,400億美元，因此聞所未聞的交易量是聞所未聞的。通常，高市場資本化與大量網絡活動和交易量直接相關。但是，XRP似乎是此規則的例外。

One of the biggest issues highlighted by analysts is that if XRP’s speculative value declines, there may not be enough utility-based investors to cushion the price fall. In comparison, Ethereum, despite its high price, is supported by numerous decentralized applications (DApps) and use cases, which provide intrinsic value to the network.

分析師強調的最大問題之一是，如果XRP的投機價值下降，則可能沒有足夠的基於公用事業的投資者可以緩解價格下跌。相比之下，以太坊儘管價格很高，但得到了許多分散應用程序（DAPP）和用例的支持，這些應用程序為網絡提供了內在價值。

However, XRP’s primary function in cross-border transactions, while useful, does not offer the same level of varied utility as other major cryptocurrency networks, especially in the context of the rapidly expanding blockchain space.

但是，XRP在跨境交易中的主要功能雖然有用，但並沒有提供與其他主要加密貨幣網絡相同的效用水平，尤其是在快速擴展的區塊鏈空間的背景下。

The Edges of Deception

欺騙的邊緣

Aylo's statement has sparked debate among crypto traders and researchers. A factor that contributes to the skepticism is the low number of active nodes and validators on the XRP network. In contrast to other blockchain networks with widespread adoption, XRP appears to have a lower count, which might signal a lack of decentralization and lower adoption rates.

Aylo的聲明引發了加密交易者和研究人員之間的辯論。造成懷疑的一個因素是XRP網絡上的活動節點和驗證器數量少。與其他具有廣泛採用的區塊鍊網絡相反，XRP的計數似乎較低，這可能表明缺乏權力下放和較低的採用率。

This reduced network activity is a major concern because it suggests that despite its market cap, XRP is not being utilized as extensively as other major cryptocurrencies.

這種減少的網絡活動是一個主要問題，因為它表明，儘管XRP的市值並未像其他主要加密貨幣那樣廣泛使用。

Furthermore, XRP’s smart contract ecosystem remains underdeveloped in comparison to Ethereum and other major blockchain networks. The low number of smart contract token holders further supports the argument that XRP is primarily driven by speculation rather than actual usage.

此外，與以太坊和其他主要區塊鍊網絡相比，XRP的智能合同生態系統仍然不發達。智能合同令牌持有人數量少，進一步支持了XRP主要由投機而不是實際用法驅動的論點。

This discrepancy between market capitalization and adoption has led to fears that XRP’s price could be vulnerable to a major correction if investor sentiment shifts. With such low levels of utility and a high price, it seems that XRP’s valuation is largely based on speculative trading and a belief in its future potential.

市值和採用率之間的這種差異導致人們擔心XRP的價格很容易受到投資者情緒的轉變。憑藉如此低水平的公用事業和高價，XRP的估值似乎主要基於投機性交易和對其未來潛力的信念。