尽管市值为1440亿美元

最近的报告表明，XRP的DEX交易量大大低于预期，引发了有关其现实世界采用的问题

"I think XRP is biggest financial scam the world has ever seen. There never been something that has produced less value that has reached this market cap ($144 billion). The XRP ledger did $44k in volume in the last 24h according to DeFiLlama. For perspective, TRON, which isn't exactly known for its DeFi activity, did $66M in the last 24h."

“我认为XRP是世界上最大的财务骗局。从来没有一些产生较少的价值达到了这一市值的价值（1,440亿美元）。XRP Ledger在过去的24小时内的数量为4.4k美元。根据Perspective，TRON，TRON，TRON，这并不完全是因为其Defi Activity而闻名，在过去的24H中却不是66m。”

Prominent on-chain researcher Aylo has expressed concerns over the stark contrast between XRP’s valuation and its real-world utility. According to the latest data from DeFiLlama, XRP’s decentralized exchange (DEX) trading volume over the past 24 hours stands at a measly $44,000.

著名的链链研究员Aylo对XRP的估值与现实世界实用程序之间的鲜明对比表示了担忧。根据Defillama的最新数据，XRP在过去24小时内的分散交易量（DEX）交易量为44,000美元。

For a cryptocurrency ranked third largest by market cap, with a valuation exceeding $140 billion, such a low trading volume is practically unheard of. Typically, a high market capitalization is directly related to significant network activity and trading volume. However, XRP appears to be an exception to this rule.

对于按市值排名第三大的加密货币，其估值超过1,400亿美元，因此闻所未闻的交易量是闻所未闻的。通常，高市场资本化与大量网络活动和交易量直接相关。但是，XRP似乎是此规则的例外。

One of the biggest issues highlighted by analysts is that if XRP’s speculative value declines, there may not be enough utility-based investors to cushion the price fall. In comparison, Ethereum, despite its high price, is supported by numerous decentralized applications (DApps) and use cases, which provide intrinsic value to the network.

分析师强调的最大问题之一是，如果XRP的投机价值下降，则可能没有足够的基于公用事业的投资者可以缓解价格下跌。相比之下，以太坊尽管价格很高，但得到了许多分散应用程序（DAPP）和用例的支持，这些应用程序为网络提供了内在价值。

However, XRP’s primary function in cross-border transactions, while useful, does not offer the same level of varied utility as other major cryptocurrency networks, especially in the context of the rapidly expanding blockchain space.

但是，XRP在跨境交易中的主要功能虽然有用，但并没有提供与其他主要加密货币网络相同的效用水平，尤其是在快速扩展的区块链空间的背景下。

The Edges of Deception

欺骗的边缘

Aylo's statement has sparked debate among crypto traders and researchers. A factor that contributes to the skepticism is the low number of active nodes and validators on the XRP network. In contrast to other blockchain networks with widespread adoption, XRP appears to have a lower count, which might signal a lack of decentralization and lower adoption rates.

Aylo的声明引发了加密交易者和研究人员之间的辩论。造成怀疑的一个因素是XRP网络上的活动节点和验证器数量少。与其他具有广泛采用的区块链网络相反，XRP的计数似乎较低，这可能表明缺乏权力下放和较低的采用率。

This reduced network activity is a major concern because it suggests that despite its market cap, XRP is not being utilized as extensively as other major cryptocurrencies.

这种减少的网络活动是一个主要问题，因为它表明，尽管XRP的市值并未像其他主要加密货币那样广泛使用。

Furthermore, XRP’s smart contract ecosystem remains underdeveloped in comparison to Ethereum and other major blockchain networks. The low number of smart contract token holders further supports the argument that XRP is primarily driven by speculation rather than actual usage.

此外，与以太坊和其他主要区块链网络相比，XRP的智能合同生态系统仍然不发达。智能合同令牌持有人数量少，进一步支持了XRP主要由投机而不是实际用法驱动的论点。

This discrepancy between market capitalization and adoption has led to fears that XRP’s price could be vulnerable to a major correction if investor sentiment shifts. With such low levels of utility and a high price, it seems that XRP’s valuation is largely based on speculative trading and a belief in its future potential.

市值和采用率之间的这种差异导致人们担心XRP的价格很容易受到投资者情绪的转变。凭借如此低水平的公用事业和高价，XRP的估值似乎主要基于投机性交易和对其未来潜力的信念。