BNB，XRP和以太坊显示出不同的趋势

最值得注意的转变之一是Binance Coin（BNB）通过市值恢复其作为第五大加密货币的地位。

The crypto market continues to evolve, with shifts in market capitalization among major digital assets reflecting both investor sentiment and fundamental developments.

加密市场不断发展，主要数字资产的市值变化反映了投资者情绪和基本发展。

A recent analysis from CryptoQuant provides a closer look at how top crypto have performed in terms of market cap and drawdowns over the past several months.

CryptoQuant的最新分析仔细研究了过去几个月中Top Crypto在市值和缩减方面的表现。

BNB, XRP, and Ethereum Show Diverging Trends

BNB，XRP和以太坊显示出不同的趋势

One of the most notable shifts has been Binance Coin (BNB) reclaiming its position as the fifth-largest cryptocurrency by market capitalization. BNB’s market cap rose to approximately $92 billion, surpassing Solana (SOL), which now sits at $74 billion.

最值得注意的转变之一是Binance Coin（BNB）通过市值恢复其作为第五大加密货币的地位。 BNB的市值增长了大约920亿美元，超过了Solana（Sol），现在的价格为740亿美元。

This shift follows a strong rally in SOL during late 2024, largely fueled by growth in its meme coin ecosystem. However, the attention of speculative activity appears to have transitioned toward the BNB Chain, where similar crypto ecosystem momentum has helped support its recovery.

在2024年末，SOL的强烈集会发生了这一转变，这在很大程度上是由于其模因硬币生态系统的增长所推动的。但是，投机活动的注意力似乎已经转移到BNB链中，在这种情况下，类似的加密生态系统动量有助于支持其恢复。

Another significant market cap development involves XRP. According to CryptoQuant, XRP’s market capitalization increased substantially following the 2024 US presidential election.

另一个重要的市值发展涉及XRP。根据CryptoFeant的说法，在2024年美国总统大选之后，XRP的市值大幅增加。

From a valuation of $30 billion in early November, XRP’s market cap climbed to $141 billion by March 2025. The timing of this rise appears to align with the outcome of the US election, which some believe could potentially influence regulatory sentiment around crypto assets.

从11月初的300亿美元估值开始，到2025年3月，XRP的市值攀升至1,410亿美元。这一崛起的时机似乎与美国大选的结果保持一致，有些人认为这可能会影响加密资产周围的监管情绪。

In contrast, Ethereum (ETH) has faced a more challenging trajectory. After peaking in late 2024, ETH’s market capitalization declined by 50% to around $240 billion as of March 2025.

相比之下，以太坊（ETH）面临着更具挑战性的轨迹。在2024年下半年达到顶峰之后，ETH的市值下降了50％，截至2025年3月。

This sharp drop highlights the current volatility in the altcoin market and raises questions about Ethereum’s ability to maintain its prior valuation levels amid shifting macro and sector-specific factors.

这种急剧下降凸显了当前的Altcoin市场波动率，并提出了有关以太坊在转移宏观和部门特异性因素中保持其先前估值水平的能力的问题。

Crypto Price Resilience and Drawdown Metrics

加密价格的弹性和提取指标

CryptoQuant’s report also evaluated drawdowns—the decline from an asset’s all-time high—as a measure of relative performance. Bitcoin (BTC) and BNB emerged as the most resilient assets among the group, each down approximately 20% from their respective all-time highs.

CryptoQuant的报告还评估了缩水量（从资产的历史最高高点下降），以衡量相对绩效。比特币（BTC）和BNB成为该组中最有弹性的资产，每个资产都比各自的历史高点下降了约20％。

BNB’s stability has been linked to its continued utility within the Binance ecosystem, including usage for transaction fees and platform-related activities.

BNB的稳定性与其在二元生态系统中的持续实用性有关，包括交易费用和与平台相关的活动的使用情况。

Meanwhile, ETH and SOL have struggled to recover from deeper drawdowns. Both assets are currently more than 50% below their previous peaks, highlighting higher levels of volatility and reduced investor momentum.

同时，ETH和SOL一直在努力从更深入的缩减中恢复过来。目前，这两种资产都比以前的峰值低50％以上，强调了较高的波动性和降低的投资者势头。

Although XRP has seen a rise in market capitalization, its price still reflects a drawdown of roughly 36%, indicating that much of the new capital inflow has yet to translate into price recovery.

尽管XRP的市值增加了，但其价格仍然反映了大约36％的降低，这表明大部分新资本流入尚未转化为价格恢复。