XRP在FDV中翻转以太坊，成为完全稀释的市值的第二大加密

加密货币市场发生了重大事件。与涟漪附属的加密货币XRP在估值方面设法超过了以太（ETH），但这仅适用于其完全稀释的市值。

In a significant development in the cryptocurrency market, Ripple-affiliated cryptocurrency XRP has managed to overtake Ether (ETH) in valuation. However, this flipping only applies to their fully diluted market caps, not their standard market caps.

在加密货币市场的重大发展中，波纹相关的加密货币XRP在估值方面已成功超过了以太（ETH）。但是，这种翻转仅适用于其完全稀释的市值，而不适用于其标准市值。

This reversal comes amid bullish developments in the XRP ecosystem, such as the filing for a spot XRP ETF by investment giant Franklin Templeton. Meanwhile, the Ethereum network has been encountering stiff competition from rivals like Solana.

这种逆转是在XRP生态系统中的看涨发展中出现的，例如投资巨头富兰克林·邓普顿（Franklin Templeton）提交的XRP ETF。同时，以太坊网络一直在遇到来自Solana等竞争对手的激烈竞争。

XRP Surpasses Ethereum In FDV

XRP超过FDV中的以太坊

According to data from CoinGecko, Ethereum is currently the second-biggest crypto, with a market capitalization of $231.2 billion. This is considerably bigger than XRP’s market cap of $135.7 billion.

根据Coingecko的数据，以太坊目前是第二大加密货币，市值为2312亿美元。这比XRP的市值大于1357亿美元。

However, there seems to be a reversal of fortunes for these two top cryptocurrencies. As of press time, XRP’s fully diluted valuation stood at $234 billion. Despite the higher market cap, Ether’s FDV is lower at $232 billion.

但是，这两个顶级加密货币似乎逆转了命运。截至发稿时，XRP的完全稀释的估值为2340亿美元。尽管市值较高，但Ether的FDV仍为2320亿美元。

The FDV is a metric that measures the cumulative value of all existing tokens by current market price, while market cap only considers the tokens already in circulation.

FDV是一个度量标准，可根据当前市场价格来衡量所有现有令牌的累积价值，而市值仅考虑已经流通的代币。

Simply put, this suggests that if all XRP tokens were in circulation, including those currently locked in Ripple’s escrow accounts, the token’s market capitalization would have usurped Ether’s. Notably, all the Ethereum tokens are already in circulation.

简而言之，这表明，如果所有XRP代币都在流通，包括目前锁定在Ripple的托管帐户中的XRP代币，那么令牌的市值将篡夺Ether的Ether。值得注意的是，所有以太坊令牌已经在流通。

Whether or not this FDV flipping translates into an actual market cap shift remains to be seen. At Ether’s current price of $1,923, XRP will close the market cap gap between the two assets and overthrow ETH’s reign as the second-largest crypto if its price hits $4 — a roughly 67% increase from its current price of $2.35.

这种FDV翻转是否转化为实际的市场上限变化还有待观察。以太目前的价格为1,923美元，XRP将弥补这两个资产之间的市值差距，并推翻ETH统治为第二大加密货币，如果其价格达到4美元，比目前的2.35美元的价格增加了约67％。

XRP surpassed Tether’s USDT to become the industry’s third-largest crypto earlier in January. If the Ripple-promoted token topples Ether, it would signal a monumental shift in the crypto sphere.

XRP超过了Tether的USDT，成为1月初的第三大加密货币。如果涟漪启动的令牌顶部以太醚，它将标志着加密球体的巨大变化。

All Eyes On XRP

所有人的目光都注视XRP

The recent XRP optimism has been fueled by Franklin Templeton’s spot XRP ETF filing with the Securities and Exchange Commission. The $1.5 trillion investment giant has joined other asset managers, including Bitwise, 21Shares, and WisdomTree in the race to introduce such an XRP fund in the U.S. market.

富兰克林·邓普顿（Franklin Templeton）向美国证券交易委员会（Securities and Exchange Commission）提交的XRP XRP ETF提交的XRP乐观情绪激发了人们的乐观。这家耗资1.5万亿美元的投资巨头已经加入了其他资产经理，包括Bitwise，21shares和Wisdomtree在竞赛中，以在美国市场引入这种XRP基金。

Recent reports have revealed that the protracted legal spat between Ripple and the SEC is finally wrapping up. The blockchain payments firm is apparently negotiating more favorable terms after being slapped with a $125 million fine and injunction last year.

最近的报道表明，波纹和SEC之间的旷日持久的法律争论终于结束了。该区块链支付公司显然在去年被罚款1.25亿美元和禁令后，显然正在谈判更有利的条款。

Meanwhile, the SEC reportedly considers XRP a commodity rather than an unregistered security.

同时，据报道，SEC认为XRP是商品，而不是未注册的安全性。