XRP交易量爆炸 - Solana落後

不久前，許多人認為Solana將是推出自己的ETF的下一個Altcoin。但是Kaiko的新報告講了一個不同的故事。 XRP現在領先。

Key Takeaways:

關鍵要點：

* 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.

*美國交易所的XRP交易在2025年的第一部分飆升，就交易活動和市場深度而言，將其領先於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與SEC和法官對XRP銷售作為證券的裁決的定時時間在代幣的複蘇中發揮了作用。

* 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倍槓桿XRP ETF，XRP已經在美國擁有ETF，與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批准的美國ETF的73％的機會，這是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.

*隨著時鐘在潛在的Altcoin ETF批准下滴答作用時，XRP現在似乎比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，加密球體中的許多人都將目光投向了Solana（Sol），這是下一個在美國發射自己的ETF的Altcoin。但是，Kaiko的最新報告講述了一個不同的故事，將XRP帶到了領先地位。

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活動激增的主要原因之一是交換活動和市場深度的突然增長。在2025年的第一部分中，美國的XRP交易有很大的跳躍，尤其是考慮到時機。在Ripple結束了與SEC的長期法律案件之後，它發生了。

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.

這次關閉以及法官對加密交易所XRP銷售的裁決不是證券，幫助令牌重新獲得了市場的信任。結果，有迫切需要打開XRP ETF。 Teucrium Investment Advisors主動進行了主動權，並於4月為XRP推出了2倍槓桿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.”

這意味著真正的產品已經存在，人們已經在使用它，並且監管機構允許它。正如Kaiko的亞當·摩根·麥卡錫（Adam Morgan McCarthy）指出的那樣，“很難在已經有這樣的活躍的ETF時反對允許允許現場產品。”

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和其他人只申請了ETF，但它們都沒有在市場上居住。這使XRP脫穎而出。

Solana Still Has Support, But XRP Is Clearly Ahead

Solana仍然有支持，但是XRP顯然是領先的

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現在說，將有73％的XRP ETF獲得批准的機會73％。這是從三月份看到的87％的機會下降，但它仍然是山寨幣中最高的。

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年的裁決有所幫助。法官說，加密交易所的XRP銷售不是證券。這使代幣更安全用於市場使用。 2025年，Ripple支付了5000萬美元的罰款。這結束了法律鬥爭。之後，情況移動得更快。

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月以來，其自己的ETF應用程序一直在審理中。但是，XRP現在擁有所需的東西 - 強大的交易量，工作ETF和法律清晰度。這些是幫助比特幣和以太坊獲得批准的相同的東西。

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仍在比賽中，很有趣的是首先獲得硬幣獲得批准。如果這種速度繼續下去，XRP可能是下一個在美國的Altcoin ETF批准時，XRP在美國獲得了自己的ETF，看來XRP在比賽中此時對Solana有略有優勢。