XRP是Ripple Network的原始货币，对世界领先的数字资产的比特币（BTC）取得了非凡的壮举

输入：Ripple Network的原始货币XRP对全球领先的数字资产的比特币（BTC）取得了非凡的壮举。如玻璃节的突出显示

XRP, the native currency of the Ripple network, has achieved a remarkable feat against Bitcoin (BTC), the world’s leading digital asset.

XRP是Ripple Network的原始货币，对全球领先的数字资产比特币（BTC）实现了非凡的壮举。

As highlighted by Glassnode, a prominent on-chain data platform, XRP has gained strong retail investor interest in the current market cycle.

正如出色的链链数据平台GlassNode所强调的那样，XRP在当前市场周期中已获得了巨大的零售投资者兴趣。

XRP's retail boom vs. Bitcoin's institutional growth

XRP的零售繁荣与比特币的机构增长

Notably, XRP’s retail popularity has seen the ecosystem surge in active addresses since the 2022 bear market bottom. XRP’s active addresses have grown by a staggering 490%, indicating a huge spike in individual traders and smaller investors transacting with the coin.

值得注意的是，自2022年熊市底部以来，XRP的零售知名度已看到活跃地址的生态系统激增。 XRP的主动地址增长了惊人的490％，表明个人交易员和与硬币进行交易的小型投资者的激增。

Interestingly, Bitcoin has only managed a 10% increase within the same period. This suggests that institutional players drive Bitcoin’s rally more than retail activities.

有趣的是，比特币在同一时期内仅管理10％。这表明机构参与者比零售活动更多地驾驶比特币的集会。

$XRP has emerged as a new retail favorite this cycle, diverging from #Bitcoin’s more institutional-driven rally. Since the 2022 cycle low, $XRP active addresses are up +490%, while $BTC has only seen a +10% increase - a sharp signal of speculative retail demand.https://t.co/M8R7J7uE7r pic.twitter.com/mGRuktUVXK

$ XRP已成为这个周期的新零售最爱，与＃比特币更具机构驱动的拉力赛不同。由于2022周期低，$ XRP的活动地址上升 +490％，而$ btc仅增加了10％的增长 - 急剧的投机零售需求信号。

— Glassnode (@glassnode) August 28, 2023

- 2023年8月28日，玻璃节（@GlassNode）

Understandably, Bitcoin has an exchange-traded fund (ETF) that gives institutional investors exposure to the coin. According to data, the total Bitcoin ETF market cap is over $100 billion.

可以理解的是，比特币具有交易所交易基金（ETF），使机构投资者接触硬币。根据数据，比特币ETF市值超过1000亿美元。

The massive increase in XRP’s active addresses signals that the ecosystem has more investors trading the asset daily. These traders are in the space daily, betting on price movements and potential gains, not on long-term investment.

XRP主动地址的大​​幅度增加表明，生态系统每天都有更多的投资者进行资产进行交易。这些交易者每天都在空间中，押注价格变动和潜在的收益，而不是长期投资。

This assertion is evident from the different rally paths of both coins. While BTC registered a gradual rise supported by long-term holders, XRP has been growing sideways.

从两个硬币的不同集会路径中可以明显看出这种断言。尽管BTC在长期持有人的支持下逐渐增长，但XRP一直在侧面增长。

Its cycle only broke out in December, which suggests a retail-backed spike, not institutional accumulation.

它的周期仅在12月爆发，这表明零售支持的尖峰，而不是机构积累。

What next for XRP institutional capital?

XRP机构资本的下一步是什么？

According to Glassnode, the fact that XRP is attracting a flood of small traders might affect its profitability. The on-chain data platform suggests that XRP’s rally might not have the same sustainability as Bitcoin, whose growth is driven by big-money investors, ETFs and institutions.

根据GlassNode的说法，XRP吸引大量小型交易者的事实可能会影响其盈利能力。链上数据平台表明，XRP的集会可能没有与比特币相同的可持续性，比特币的增长是由大型投资者，ETF和机构驱动的。

However, recent developments, such as the inclusion of XRP in the U.S. crypto stockpile and the end of the Ripple vs. Securities and Exchange Commission (SEC) lawsuit, might cause a shift.

但是，最近的事态发展，例如在美国加密货币库存中纳入XRP，以及Ripple与Securities and Exchange Commission（SEC）诉讼的结束，可能会导致转变。

XRP might record more institutional interest as several asset management firms, such as Bitwise, Grayscale and Canary Capital, have filed ETF applications with the SEC. Nate Geraci, President of ETF Stores, believes approval is just a matter of time, with others like BlackRock and Fidelity likely to join the race.

XRP可能会记录更多的机构利益，因为几家资产管理公司（例如Bitwise，Grayscale和Canary Capital）已向SEC提出了ETF申请。 ETF商店总裁内特·格拉西（Nate Geraci）认为，批准只是时间问题，贝莱德（Blackrock）和富达（Fidelity）等其他人可能会参加比赛。