根据Coingecko 3月14日的数据，XRP的完全稀释估值（FDV）已超过以太（ETH）。

FDV翻转表示代币后面的两个层（L1）区块链网络的财富逆转，如XRP Ledger的分散

XRP's fully diluted valuation (FDV) has surpassed Ether's (ETH), according to March 14 data from CoinGecko.

根据Coingecko 3月14日的数据，XRP的完全稀释估值（FDV）超过了Ether（ETH）。

The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger's decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana.

FDV翻转表示代币后面的第1层（L1）区块链网络的财富逆转，因为XRP Ledger的分散融资（DEFI）生态系统获得了吸引力和以太坊的竞争，并从竞争对手的L1（例如Solana）竞争。

As of March 14, XRP's FDV stood at nearly $235 billion, more than $1 billion higher than Ether's, the data shows. Ether's market capitalization still leads at $233 billion versus XRP's $136 billion.

数据显示，截至3月14日，XRP的FDV的价格近2350亿美元，比Ether的FDV高10亿美元。与XRP的1360亿美元相比，以太市的市值仍为2330亿美元。

FDV measures the cumulative value of all existing tokens, whereas market capitalization only counts tokens already in circulation.

FDV衡量所有现有令牌的累积价值，而市值仅计算已经流通的代币。

XRP's developer, Ripple Labs, holds a multibillion-dollar allocation of its chain's native token.

XRP的开发人员Ripple Labs拥有其链的原始令牌的数十亿美元分配。

Cryptocurrencies by FDV. Source: CoinGecko

FDV的加密货币。资料来源：Coingecko

Related: XRP Ledger unveils institutional DeFi roadmap

相关：XRP Ledger揭幕机构Defi路线图

Changing fortunes

改变命运

XRP's price has risen by more than 300%, to around $2.3 per token, since President Donald Trump prevailed in the US elections on Nov. 5.

XRP的价格上涨了300％以上，至每个令牌2.3美元，因为唐纳德·特朗普（Donald Trump）在11月5日在美国大选中胜出。

Trump said he wants America to become the "world's crypto capital" and has appointed industry-friendly leadership to key regulators.

特朗普说，他希望美国成为“世界的加密资本”，并已任命对关键监管机构的行业友好领导。

The thawing US regulatory environment is especially beneficial for XRP, which prioritizes enterprise users and unveiled an institutional DeFi roadmap in February.

解冻的美国监管环境对XRP特别有益，XRP优先考虑企业用户，并在2月揭开了机构Defi路线图。

As of January, XRP's native decentralized exchange (DEX) has handled more than $1 billion in swap transactions since launching in 2024.

截至1月，自2024年推出以来，XRP的本地分散交易所（DEX）已处理超过10亿美元的交易。

The XRP token saw further support when Trump said he planned to include XRP in a proposed US Digital Asset Stockpile alongside other cryptocurrencies, such as Solana (SOL) and Cardano (ADA).

当特朗普表示，他计划将XRP与其他加密货币一起库存，例如Solana（Sol）和Cardano（ADA）时，XRP令牌得到了进一步的支持。

The stockpile will only comprise assets acquired by law enforcement and other legal proceedings and will not buy crypto.

该股票只会包括执法部门和其他法律诉讼中获得的资产，并且不会购买加密货币。

The US Securities and Exchange Commission is reportedly "in the process of wrapping up" an enforcement action against Ripple that has beleaguered the XRP developer since 2020.

据报道，美国证券交易委员会“在总结”针对Ripple的执法行动中，该行动自2020年以来一直困扰着XRP开发商。

The regulator has already dropped actions against crypto firms such as Coinbase, Kraken and Uniswap.

该监管机构已经对Coinbase，Kraken和Uniswap等加密货币公司撤销了行动。

Meanwhile, Ether's spot price has struggled since March 2024, when the network's Dencun upgrade cut transaction fees by approximately 95%.

同时，自2024年3月以来，Ether的现货价格一直在挣扎，当时该网络的Dencun升级削减交易费用约为95％。

As of March, trading volume on Solana, which prioritizes fast transaction execution and was central to 2024's memecoin frenzy, rivals that of Ethereum and all of its layer-2 scaling chains combined.

截至3月，Solana的交易数量优先考虑快速交易执行，并且是2024年的Memecoin Frenzy的中心，与以太坊的Memecoin Frenzy竞争，其所有第2层缩放链结合了。