{"id":1209,"date":"2025-06-27T09:51:29","date_gmt":"2025-06-27T01:51:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=1209"},"modified":"2025-06-27T09:51:29","modified_gmt":"2025-06-27T01:51:29","slug":"%e5%8a%a0%e5%af%86%e7%8e%b0%e7%8a%b6%e7%9b%b4%e5%87%bb%ef%bc%9ahodl%e5%b7%b2%e6%ad%bb%e3%80%81defi%e5%86%8d%e8%a7%81%ef%bc%8c%e7%a7%81%e5%8b%9f%e5%b8%82%e5%9c%ba%e8%a1%b0%e8%b4%a5-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=1209","title":{"rendered":"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25&#8230;.. | PANews"},"content":{"rendered":"<p>\u4f5c\u8005\uff1aIgnas<\/p>\n<p>\u7f16\u8bd1\uff1aFelix, PANews<\/p>\n<p>\u52a0\u5bc6\u8d27\u5e01\u8fd9\u4e9b\u5e74\u6765\u53d1\u751f\u4e86\u54ea\u4e9b\u53d8\u5316\uff1f\u52a0\u5bc6 KOL Ignas \u53d1\u6587\u5bf9\u6b64\u8fdb\u884c\u4e86\u68b3\u7406\uff0c\u5176\u8ba4\u4e3aHODLing ETH \u662f\u5176\u8fd9\u8f6e\u5468\u671f\u72af\u4e0b\u7684\u6700\u5927\u9519\u8bef\uff0c\u201c\u5feb\u8fdb\u5feb\u51fa\u201d\u6216\u8bb8\u624d\u662f\u52a0\u5bc6\u76c8\u5229\u6cd5\u5219\uff0c\u4f46\u201c\u5feb\u8fdb\u5feb\u51fa\u201d\u7b56\u7565\u7684\u552f\u4e00\u4f8b\u5916\u662f BTC\u3002\u6b64\u5916\u5728\u5b8f\u89c2\u80cc\u666f\u4e0b\uff0c\u5e76\u5bf9\u52a0\u5bc6\u8d27\u5e01\u5728\u65b0\u4e16\u754c\u79e9\u5e8f\u4e2d\u7684\u672a\u6765\u8d70\u5411\u8fdb\u884c\u4e86\u89e3\u8bfb\u3002\u4ee5\u4e0b\u4e3a\u5185\u5bb9\u8be6\u60c5\u3002<\/p>\n<p>\u4e4b\u6240\u4ee5\u70ed\u7231\u52a0\u5bc6\u8d27\u5e01\uff0c\u5e76\u5c06\u5176\u4f5c\u4e3a\u91d1\u878d\u548c\u4ea4\u6613\u7684\u4e00\u90e8\u5206\uff0c\u662f\u56e0\u4e3a\u5e02\u573a\u4f1a\u6e05\u6670\u5730\u544a\u8bc9\u4f60\u662f\u5bf9\u662f\u9519\u3002<\/p>\n<p>\u5c24\u5176\u662f\u5728\u8fd9\u4e2a\u5145\u65a5\u7740\u653f\u6cbb\u3001\u827a\u672f\u3001\u65b0\u95fb\u4ee5\u53ca\u8bb8\u591a\u5176\u4ed6\u884c\u4e1a\u7684\u53cd\u4e4c\u6258\u90a6\u4e16\u754c\u91cc\uff0c\u771f\u76f8\u4e0e\u8c0e\u8a00\u7684\u754c\u9650\u6a21\u7cca\u4e0d\u6e05\uff0c\u800c\u52a0\u5bc6\u8d27\u5e01\u5219\u76f4\u63a5\u4e86\u5f53\uff1a\u5982\u679c\u4f60\u5224\u65ad\u6b63\u786e\uff0c\u5c31\u80fd\u8d5a\u94b1\uff0c\u53cd\u4e4b\u5c31\u4f1a\u4e8f\u672c\uff0c\u975e\u5e38\u7b80\u5355\u3002<\/p>\n<p>\u7136\u800c\uff0c\u4e2a\u4eba\u9677\u5165\u7684\u9677\u9631\u4e5f\u5f88\u7b80\u5355\uff1a\u5f53\u5e02\u573a\u5f62\u52bf\u53d1\u751f\u53d8\u5316\u65f6\uff0c\u6ca1\u6709\u91cd\u65b0\u8bc4\u4f30\u6295\u8d44\u7ec4\u5408\u3002\u5f53\u4ea4\u6613\u5c71\u5be8\u5e01\u65f6\uff0c\u5bf9\u81ea\u5df1\u201cHODL\uff08\u957f\u671f\u6301\u6709\uff09\u201d\u7b56\u7565\u8fc7\u4e8e\u81ea\u8d1f\uff0c\u5c24\u5176\u662f ETH\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u9002\u5e94\u65b0\u7684\u73b0\u5b9e\u8bf4\u8d77\u6765\u5bb9\u6613\u505a\u8d77\u6765\u96be\u3002<\/p>\n<p>\u6211\u4eec\u9700\u8981\u8f93\u5165\u7684\u53d8\u91cf\u6570\u91cf\u591a\u5f97\u4ee4\u4eba\u96be\u4ee5\u627f\u53d7\uff0c\u6240\u4ee5\u6700\u7ec8\u53ea\u80fd\u91c7\u7528\u50cf\u201c\u957f\u671f\u6301\u6709\u201d\uff08HODL\uff09\u8fd9\u6837\u7b80\u5355\u7684\u7b56\u7565\uff0c\u65e0\u9700\u79ef\u6781\u76d1\u63a7\u5e02\u573a\u3002<\/p>\n<p>\u4f46\u5982\u679c\u201c\u957f\u671f\u6301\u6709\u201d\uff08HODL\uff09\u7684\u7b56\u7565\u5df2\u8fc7\u65f6\uff1f\u52a0\u5bc6\u8d27\u5e01\u5728\u4e0d\u65ad\u53d8\u5316\u7684\u4e16\u754c\u4e2d\u53c8\u626e\u6f14\u7740\u600e\u6837\u7684\u89d2\u8272\uff1f\u6211\u4eec\u8fd8\u5ffd\u7565\u4e86\u4ec0\u4e48\uff1f<\/p>\n<p>\u5728\u8fd9\u7bc7\u6587\u7ae0\u4e2d\uff0c\u5c06\u5206\u4eab\u5e02\u573a\u53d1\u751f\u7684\u91cd\u5927\u53d8\u5316\u3002<\/p>\n<h3><strong>HODL <\/strong><strong>\u5df2\u6b7b<\/strong><\/h3>\n<p>\u65f6\u95f4\u56de\u5230 2022 \u5e74\u521d\uff1a<\/p>\n<p>ETH \u4ece 4800 \u7f8e\u5143\u5927\u5e45\u4e0b\u8dcc\u540e\uff0c\u76ee\u524d\u4ea4\u6613\u4ef7\u683c\u7ea6\u4e3a 3000 \u7f8e\u5143\u3002BTC \u7684\u4ef7\u683c\u4e3a 4.2 \u4e07\u7f8e\u5143\u3002\u7136\u800c\uff0c\u7531\u4e8e\u52a0\u606f\u3001CeFi \u7684\u5d29\u6e83\u4ee5\u53ca FTX \u7684\u5173\u95ed\uff0c\u4e24\u8005\u90fd\u5c06\u8fdb\u4e00\u6b65\u4e0b\u8dcc 50%\u3002<\/p>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0cETH \u7231\u597d\u8005\u4ecd\u7136\u770b\u6da8\uff1aETH \u5373\u5c06\u8fc1\u79fb\u5230 PoS \u7cfb\u7edf\uff0c\u5c31\u5728\u51e0\u4e2a\u6708\u524d\uff0cETH \u9500\u6bc1\u63d0\u6848\uff08EIP\uff09\u4e5f\u5df2\u63a8\u51fa\u3002ETH \u4f5c\u4e3a\u8d85\u58f0\u6ce2\u8d27\u5e01\u4ee5\u53ca\u73af\u4fdd\u8282\u80fd\u7684\u533a\u5757\u94fe\u7684\u53d9\u4e8b\u70ed\u5ea6\u4e0d\u51cf\u3002<\/p>\n<p>\u5728 2022 \u5e74\u7684\u5269\u4f59\u65f6\u95f4\u91cc\uff0cETH \u548c BTC \u7684\u8868\u73b0\u4e0d\u4f73\uff0c\u4f46 SOL \u906d\u9047\u91cd\u521b\uff0c\u66b4\u8dcc 96%\uff0c\u81f3 8 \u7f8e\u5143\u3002<\/p>\n<p>\u4ee5\u592a\u574a\u8d62\u5f97\u4e86 Layer1 \u7684\u7ade\u4e89\uff0c\u800c\u5c71\u5be8 Layer1 \u5e94\u8be5\u8fc1\u79fb\u5230 Layer2\uff0c\u5426\u5219\u5c06\u9762\u4e34\u6d88\u4ea1\u3002<\/p>\n<p>\u8bb0\u5f97\u5728\u718a\u5e02\u671f\u95f4\u53c2\u52a0\u8fc7\u4e00\u4e9b\u4f1a\u8bae\u3002\u7edd\u5927\u591a\u6570\u4eba\u90fd\u76f8\u4fe1 ETH \u4f1a\u53cd\u5f39\u5f97\u6700\u5f3a\u52b2\uff0c\u6240\u4ee5\u4ed6\u4eec\u5927\u91cf\u4e70\u5165 ETH\uff0c\u540c\u65f6\u4f4e\u4f30\u4e86 BTC\uff0c\u5e76\u5ffd\u7565\u4e86 SOL\u3002<\/p>\n<p>\u53ea\u9700\u6301\u6709\uff0c\u7136\u540e\u5728 2024\/2025 \u5e74\u9876\u90e8\u5356\u51fa\u3002\u5f88\u7b80\u5355\u3002<\/p>\n<p>\u4f46\u4e8b\u4e0e\u613f\u8fdd&#8230;&#8230;<\/p>\n<p>\u81ea\u90a3\u4ee5\u540e\uff0cSOL \u4ef7\u683c\u53cd\u5f39\uff0c\u800c ETH \u5219\u906d\u9047\u4e86\u6709\u53f2\u4ee5\u6765\u6700\u4e25\u91cd\u7684 FUD\u3002\u8d85\u58f0\u6ce2\u8d27\u5e01\u53d9\u4e8b\u5df2\u6b7b\uff08\u81f3\u5c11\u76ee\u524d\u5982\u6b64\uff09\uff0c\u800c\u73af\u4fdd\u53d9\u4e8b\u4e5f\u4ece\u672a\u771f\u6b63\u5174\u8d77\u3002<\/p>\n<p>\u5bf9\u4e2a\u4eba\u6765\u8bf4\uff0cHODLing ETH \u662f\u8fd9\u4e2a\u5468\u671f\u72af\u4e0b\u7684\u6700\u5927\u9519\u8bef\u3002\u5bf9\u8bb8\u591a\u4eba\u6765\u8bf4\u4e5f\u662f\u5982\u6b64\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/bcf6c9f0a8f9ad8137e16d4ae0cf0fea.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u5f53\u65f6\u770b\u6da8\u7684\u7406\u7531\u662f\uff0cETH \u5c06\u6210\u4e3a\u52a0\u5bc6\u53f2\u4e0a\u6700\u80fd\u521b\u9020\u4ef7\u503c\u7684\u8d44\u4ea7\uff1a<\/p>\n<p>\u518d\u8d28\u62bc\u5c06\u8d4b\u4e88 ETH \u8d85\u7ea7\u80fd\u529b\uff0c\u4f7f\u5176\u4e0d\u4ec5\u80fd\u4fdd\u969c\u4ee5\u592a\u574a\u7684\u5b89\u5168\uff0c\u8fd8\u80fd\u5b88\u62a4\u6574\u4e2a\u5173\u952e\u7684 DeFi \u548c\u52a0\u5bc6\u57fa\u7840\u8bbe\u65bd\u3002ETH \u7684\uff08\u518d\uff09\u8d28\u62bc\u6536\u76ca\u5c06\u5927\u5e45\u4e0a\u5347\uff0c\u800c\u4e14\u53ea\u8981\u518d\u8d28\u62bc ETH\uff0c\u7a7a\u6295\u5956\u52b1\u5c31\u4f1a\u6301\u7eed\u7d2f\u79ef\u3002<\/p>\n<p><strong><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/88ad2a1df6640b68c305ab0141f7dc48.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/strong><\/p>\n<p>\u968f\u7740\u6536\u76ca\u589e\u52a0\uff0c\u5bf9 ETH \u7684\u9700\u6c42\u53ca\u5176\u4ef7\u683c\u5e94\u8be5\u4f1a\u4e0a\u6da8\u3002\u7b80\u800c\u8a00\u4e4b\u2014\u2014\u4ef7\u683c\u98d9\u5347\uff01<\/p>\n<p>\u663e\u7136\uff0c\u8fd9\u5e76\u6ca1\u6709\u53d1\u751f\uff0c\u56e0\u4e3a\u518d\u8d28\u62bc\u7684\u4ef7\u503c\u4e3b\u5f20\u4ece\u672a\u660e\u786e\uff0c\u800c\u4e14 Eigenlayer \u5728\u4ee3\u5e01\u53d1\u884c\u65b9\u9762\u4e5f\u72af\u4e86\u9519\u8bef\u3002<\/p>\n<p>\u90a3\u4e48\uff0c\u8fd9\u4e00\u5207\u4e0e HODL \u7406\u5ff5\u7684\u6d88\u4ea1\u6709\u4f55\u5173\u8054\uff1f<\/p>\n<p>\u5bf9\u5f88\u591a\u4eba\u6765\u8bf4\uff0cETH \u5c31\u662f\u201c\u6301\u6709\u201d\u5e76\u5fd8\u6389\u7684\u8d44\u4ea7\u3002\u5982\u679c BTC \u66b4\u6da8\uff0cETH \u4f1a\u6da8\u5f97\u66f4\u5feb\uff0c\u56e0\u6b64\u6301\u6709 BTC \u6beb\u65e0\u610f\u4e49\u3002<\/p>\n<p>\u5f53\u57fa\u4e8e\u518d\u8d28\u62bc\u53d9\u4e8b\u5bf9 ETH \u7684\u770b\u6da8\u8bba\u70b9\u672a\u80fd\u5b9e\u73b0\u65f6\uff0c\u6211\u5e94\u8be5\u610f\u8bc6\u5230\u8fd9\u4e00\u70b9\u5e76\u505a\u51fa\u8c03\u6574\u3002\u7136\u800c\uff0c\u6211\u5374\u53d8\u5f97\u61d2\u60f0\u548c\u81ea\u6ee1\uff0c\u4e0d\u613f\u627f\u8ba4\u81ea\u5df1\u7684\u9519\u8bef\u3002ETH \u603b\u6709\u4e00\u5929\u4f1a\u53cd\u5f39\uff0c\u4e0d\u662f\u5417\uff1f<\/p>\n<p>\u201c\u6301\u6709\u4e0d\u52a8\u201d\uff08HODL\uff09\u4e0d\u4ec5\u5bf9 ETH \u6765\u8bf4\u662f\u7cdf\u7cd5\u7684\u5efa\u8bae\uff0c\u5bf9\u5176\u4ed6\u6240\u6709\u8d44\u4ea7\u6765\u8bf4\u66f4\u662f\u5982\u6b64\uff0c BTC \u6216\u8bb8\u662f\u4e2a\u4f8b\u5916\uff08\u7a0d\u540e\u4f1a\u8be6\u7ec6\u8bf4\u660e\uff09\u3002<\/p>\n<p>\u52a0\u5bc6\u8d27\u5e01\u53d8\u5316\u592a\u5feb\uff0c\u6307\u671b\u6301\u6709\u6570\u6708\u6216\u6570\u5e74\uff0c\u9760\u5b83\u517b\u8001\u662f\u4e0d\u73b0\u5b9e\u7684\u3002\u67e5\u770b\u56fe\u8868\u53ef\u4ee5\u53d1\u73b0\uff0c\u5927\u591a\u6570\u5c71\u5be8\u5e01\u5df2\u56de\u5410\u4e86\u672c\u8f6e\u725b\u5e02\u5468\u671f\u7684\u6da8\u5e45\u3002\u663e\u7136\uff0c\u76c8\u5229\u6765\u81ea\u5356\u51fa\uff0c\u800c\u975e\u6301\u6709\u3002<\/p>\n<p>\u8fd9\u4f4d\u6210\u529f\u7684 memecoin \u4ea4\u6613\u5458\u89e3\u91ca\u8bf4\uff0c\u4ed6\u901a\u5e38\u4e0d\u4f1a\u201c\u56e4\u5e01\u201d\uff08HODLing\uff09\uff0c\u6301\u6709 memecoin \u7684\u65f6\u95f4\u901a\u5e38\u4e0d\u5230\u4e00\u5206\u949f\u5c31\u5356\u51fa\u3002<\/p>\n<p>\u6709\u4e9b\u4eba\u4ecd\u8bd5\u56fe\u5411\u4f60\u515c\u552e\u201c\u56e4\u5e01\u201d\uff08HODL\uff09\u7684\u7f8e\u68a6\uff0c\u4f46\u5b9e\u9645\u4e0a\u8fd9\u66f4\u50cf\u662f\u201c\u5feb\u8fdb\u5feb\u51fa\u201d\u7684\u5468\u671f\uff0c\u800c\u975e\u957f\u671f\u6301\u6709\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/da5ebd9a6ca4037ab6f45b102a0f0a77.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<h3><strong>BTC <\/strong><strong>\u662f\u552f\u4e00\u7684\u5b8f\u89c2\u52a0\u5bc6\u8d44\u4ea7<\/strong><\/h3>\n<p>\u201c\u5feb\u901f\u8fdb\u51fa\u201d\u7b56\u7565\u7684\u552f\u4e00\u4f8b\u5916\u662f BTC\u3002<\/p>\n<p>\u6709\u4eba\u5c06 BTC \u7684\u51fa\u8272\u8868\u73b0\u5f52\u529f\u4e8e Saylor \u7684\u65e0\u9650\u4e70\u5355\uff0c\u56e0\u4e3a\u6211\u4eec\u6210\u529f\u5730\u5411\u673a\u6784\u63a8\u5e7f\u4e86 BTC \u662f\u6570\u5b57\u9ec4\u91d1\u8fd9\u4e00\u6982\u5ff5\u3002<\/p>\n<p>\u4f46\u8fd9\u573a\u6218\u6597\u5c1a\u672a\u7ed3\u675f\u3002<\/p>\n<p>\u8bb8\u591a\u52a0\u5bc6\u8bc4\u8bba\u5458\u4ecd\u5c06 BTC \u89c6\u4e3a\u4e00\u79cd\u98ce\u9669\u504f\u597d\u578b\u8d44\u4ea7\uff0c\u8ba4\u4e3a\u5176\u4ea4\u6613\u6ce2\u52a8\u6027\u9ad8\u4e8e\u6807\u666e 500 \u6307\u6570\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/50fdcbda8696769444261db3adb6c886.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u8fd9\u4e0e\u8d1d\u83b1\u5fb7\u7684\u7814\u7a76\u76f8\u6096\uff0c\u8d1d\u83b1\u5fb7\u7684\u7814\u7a76\u53d1\u73b0\uff0cBTC \u7684\u98ce\u9669\u548c\u56de\u62a5\u9a71\u52a8\u56e0\u7d20\u4e0e\u4f20\u7edf\u98ce\u9669\u8d44\u4ea7\u4e0d\u540c\uff0c\u56e0\u6b64\u4e0d\u7b26\u5408\u8bf8\u5982\u4e00\u4e9b\u5b8f\u89c2\u8bc4\u8bba\u5458\u6240\u91c7\u7528\u7684\u201c\u98ce\u9669\u504f\u597d\u201d\u4e0e\u201c\u98ce\u9669\u89c4\u907f\u201d\u4e4b\u7c7b\u7684\u4f20\u7edf\u91d1\u878d\u6846\u67b6\u3002<\/p>\n<p>\u60a8\u8ba4\u4e3a\u4e8b\u5b9e\u7a76\u7adf\u5982\u4f55\uff1f<\/p>\n<p>\u4e2a\u4eba\u8ba4\u4e3a BTC \u6b63\u4ece\u90a3\u4e9b\u5c06\u5176\u89c6\u4e3a\u9ad8\u6760\u6746\u80a1\u7968\u62bc\u6ce8\u7684\u4eba\u624b\u4e2d\uff0c\u8f6c\u5411\u90a3\u4e9b\u5c06\u5176\u89c6\u4e3a\u7c7b\u4f3c\u9ec4\u91d1\u7684\u6570\u5b57\u907f\u9669\u8d44\u4ea7\u7684\u4eba\u624b\u4e2d\u3002\u6301\u6709 BTC \u7684\u58a8\u897f\u54e5\u4ebf\u4e07\u5bcc\u7fc1 Ricardo Salinas \u5c31\u662f\u4e00\u4e2a\u4f8b\u5b50\u3002<\/p>\n<p>BTC \u662f\u552f\u4e00\u771f\u6b63\u7684\u5b8f\u89c2\u52a0\u5bc6\u8d44\u4ea7\u3002ETH\u3001SOL \u548c\u5176\u4ed6\u8d44\u4ea7\u7684\u4f30\u503c\u57fa\u4e8e\u8d39\u7528\u3001\u4ea4\u6613\u91cf\u548c TVL \u6765\u8bc4\u4f30\u7684\uff0c\u800c BTC \u5df2\u7ecf\u8d85\u8d8a\u4e86\u8fd9\u4e00\u6846\u67b6\uff0c\u6210\u4e3a\u8fde Peter Schiff \u90fd\u8ba4\u53ef\u7684\u5b8f\u89c2\u8d44\u4ea7\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/f6933c4455f531fa7cae595199cddb96.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u8fd9\u79cd\u8f6c\u53d8\u5c1a\u672a\u7ed3\u675f\uff0c\u4f46\u4ece\u98ce\u9669\u8d44\u4ea7\u8f6c\u578b\u7684\u8fd9\u6bb5\u65f6\u671f\u672c\u8eab\u5c31\u662f\u4e00\u4e2a\u673a\u9047\u3002\u4e00\u65e6 BTC \u88ab\u666e\u904d\u89c6\u4e3a\u907f\u9669\u8d44\u4ea7\uff0c\u5176\u4ef7\u5c06\u8fbe\u5230 100 \u4e07\u7f8e\u5143\u3002<\/p>\n<h3><strong>\u79c1\u52df\u5e02\u573a\u7684\u8870\u8d25<\/strong><\/h3>\n<p>\u5f53\u6bcf\u4e00\u4e2a\u76f8\u5bf9\u6210\u529f\u7684\u7f51\u7ea2\u90fd\u5f00\u59cb\u6447\u8eab\u4e00\u53d8\u6210\u4e3a\u201c\u98ce\u6295\u201d\uff0c\u4ee5\u4f4e\u4ef7\u6295\u8d44\uff0c\u7136\u540e\u5728\u4ee3\u5e01\u751f\u6210\u4e8b\u4ef6\uff08TGE\uff09\u65f6\u629b\u552e\u5957\u73b0\uff0c\u6211\u5c31\u610f\u8bc6\u5230\u60c5\u51b5\u4e0d\u5bf9\u52b2\u4e86\u3002<\/p>\n<p>\u4f46\u662f\uff0cNoah \u7684\u8fd9\u7bc7\u6587\u7ae0\u66f4\u80fd\u4f53\u73b0\u52a0\u5bc6\u8d27\u5e01\u79c1\u52df\u5e02\u573a\u7684\u73b0\u72b6\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/08a53a90c1eb4e4a49f28c4fd43cd689.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u5efa\u8bae\u60a8\u901a\u8bfb\u5168\u6587\uff0c\u4f46\u4ee5\u4e0b\u5c31\u662f\u8fd9\u4e9b\u5e74\u79c1\u52df\u5e02\u573a\u53d8\u5316\u7684\u8981\u70b9\u3002<\/p>\n<p>\u5728\u65e9\u671f\uff082015 \u5e74\u81f3 2019 \u5e74\uff09\uff0c\u79c1\u52df\u5e02\u573a\u53c2\u4e0e\u8005\u662f\u771f\u6b63\u7684\u4fe1\u5f92\u3002\u4ed6\u4eec\u652f\u6301\u4ee5\u592a\u574a\uff0c\u8d44\u52a9\u50cf MakerDAO \u548c ETHLend\uff08Aave\uff09\u8fd9\u6837\u7684 DeFi \u5148\u9a71\u9879\u76ee\uff0c\u5e76\u91cd\u89c6\u957f\u671f\u6301\u6709\u3002\u4ed6\u4eec\u7684\u76ee\u6807\u4e0d\u4ec5\u4ec5\u662f\u5feb\u901f\u83b7\u5229\uff0c\u800c\u662f\u8981\u521b\u9020\u6709\u610f\u4e49\u7684\u4e1c\u897f\u3002<\/p>\n<p>\u8fd9\u662f\u4e00\u4e2a\u4fe1\u5f92\u9636\u6bb5\u3002<\/p>\n<p>2020 \u81f3 2022 \u5e74\u7684\u201cDeFi \u4e4b\u590f\u201d\u662f\u4e00\u573a\u5de8\u5927\u7684\u53d8\u9769\u3002\u7a81\u7136\u4e4b\u95f4\uff0c\u4eba\u4eba\u90fd\u60f3\u8981\u66f4\u65b0\u3001\u66f4\u70ed\u95e8\u7684\u4ee3\u5e01\u3002\u98ce\u6295\u673a\u6784\u7eb7\u7eb7\u6295\u5165\u8d44\u91d1\uff0c\u4e3a\u90a3\u4e9b\u4f30\u503c\u79bb\u8c31\u4e14\u6beb\u65e0\u5b9e\u7528\u4ef7\u503c\u7684\u4ee3\u5e01\u63d0\u4f9b\u8d44\u91d1\u652f\u6301\u3002<\/p>\n<p>\u6e38\u620f\u89c4\u5219\u5f88\u7b80\u5355\uff1a\u5728\u79c1\u52df\u8f6e\u4f4e\u4ef7\u4e70\u5165\uff0c\u7092\u4f5c\u9879\u76ee\uff0c\u7136\u540e\u629b\u552e\u7ed9\u6563\u6237\u3002\u5f53\u6563\u6237\u5d29\u76d8\u65f6\uff0c\u6211\u4eec\u9700\u8981\u8fdb\u884c\u6e05\u7406\u6574\u987f\u4ee5\u5438\u53d6\u6559\u8bad\u3002\u4f46\u4ec0\u4e48\u90fd\u6ca1\u6709\u6539\u53d8\u3002<\/p>\n<p>\u8fd9\u662f\u4e00\u4e2a\u8d2a\u5a6a\u9636\u6bb5\u3002<\/p>\n<p>\u5728 FTX \u4e8b\u4ef6\u4e4b\u540e\uff082023 \u81f3 2025 \u5e74\uff09\uff0c\u79c1\u52df\u5e02\u573a\u53d8\u5f97\u865a\u65e0\u4e3b\u4e49\u3002\u98ce\u6295\u4eec\u5982\u4eca\u6295\u8d44\u7684\u662f\u201c\u6ca1\u6709\u7075\u9b42\u7684\u4ee3\u5e01\u673a\u5668\u201d\uff08\u521b\u610f\u9648\u65e7\u3001\u521b\u59cb\u4eba\u80cc\u666f\u5b58\u7591\u4e14\u6ca1\u6709\u5b9e\u9645\u5e94\u7528\u573a\u666f\u7684\u9879\u76ee\uff09\u3002<\/p>\n<p>\u79c1\u52df\u8f6e\u7684\u5b9a\u4ef7\u662f\u6536\u5165\u7684 50 \u500d\uff08\u5982\u679c\u6709\u6536\u5165\u7684\u8bdd\uff09\uff0c\u8feb\u4f7f\u516c\u5f00\u5e02\u573a\u627f\u62c5\u635f\u5931\u3002\u7ed3\u679c\u662f\uff0c2024 \u5e74\u53d1\u884c\u7684\u4ee3\u5e01\u4e2d\u6709 80% \u5728\u516d\u4e2a\u6708\u5185\u8dcc\u7834\u4e86\u79c1\u52df\u4ef7\u683c\u3002<\/p>\n<p>\u8fd9\u662f\u4e00\u4e2a\u63d0\u53d6\u9636\u6bb5\u3002<\/p>\n<p>\u5982\u4eca\uff0c\u6563\u6237\u4fe1\u6258\u5df2\u4e0d\u590d\u5b58\u5728\uff0c\u98ce\u9669\u6295\u8d44\u516c\u53f8\u4e5f\u635f\u5931\u60e8\u91cd\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/0b112878958c9a09ef69f88508fc00b1.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u8bb8\u591a\u98ce\u6295\u4ea4\u6613\u7684\u4ea4\u6613\u4ef7\u683c\u4f4e\u4e8e\u79cd\u5b50\u8f6e\u878d\u8d44\u65f6\u7684\u4f30\u503c\uff0c\u4e00\u4e9b KOL \u670b\u53cb\u4e5f\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\u3002<\/p>\n<p>\u7136\u800c\uff0c\u79c1\u52df\u5e02\u573a\u4e5f\u51fa\u73b0\u4e86\u4e00\u4e9b\u6539\u5584\u7684\u8ff9\u8c61\uff1a<\/p>\n<ul>\n<li>Movement \u8054\u5408\u521b\u59cb\u4eba\u548c Gabagool\uff08\u524d Aerodrome \u6a44\u6984\u7403\u961f\u7403\u5458\uff09\u906d\u5230\u5f3a\u70c8\u53cd\u5bf9\u5e76\u88ab\u9a71\u9010\u3002\u6211\u4eec\u9700\u8981\u8fdb\u4e00\u6b65\u7684\u51c0\u5316\u3002<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/9d480e0bf5506a323137ad70a0b61c77.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<ul>\n<li>\u79c1\u52df\u5e02\u573a\u548c\u516c\u5f00\u5e02\u573a\u7684\u4f30\u503c\u90fd\u5728\u4e0b\u964d\u3002<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/ef38fbb75c21d0c145c76a40fb9fce8d.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<ul>\n<li>\u52a0\u5bc6\u98ce\u6295\u8d44\u91d1\u7ec8\u4e8e\u51fa\u73b0\u56de\u6696\uff0c\u5728 2025 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u8fbe\u5230 48 \u4ebf\u7f8e\u5143\uff0c\u4e3a 2022 \u5e74\u7b2c\u4e09\u5b63\u5ea6\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u8d44\u91d1\u6b63\u6d41\u5411\u5177\u6709\u5b9e\u9645\u7528\u9014\u7684\u9886\u57df\u3002<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/d2728074f75a7e3b5b545b2219336f4a.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<blockquote>\n<p><em>2025 <\/em><em>\u5e74\u7b2c\u4e00\u5b63\u5ea6\u662f\u81ea<\/em><em> 2022 <\/em><em>\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4ee5\u6765\u6700\u5f3a\u52b2\u7684\u4e00\u4e2a\u5b63\u5ea6\u3002<\/em><em>\u5e01\u5b89\u7684<\/em><em> 20 <\/em><em>\u4ebf\u7f8e\u5143\u4ea4\u6613\u53d1\u6325\u4e86\u6838\u5fc3\u4f5c\u7528\uff0c\u4f46\u53e6\u5916<\/em><em> 12 <\/em><em>\u7b14\u89c4\u6a21<\/em><em>\u8d85\u8fc7<\/em><em> 5000 <\/em><em>\u4e07\u7f8e\u5143\u7684\u5927\u89c4\u6a21\u878d\u8d44\u4e5f\u8868\u660e\u673a\u6784\u6295\u8d44\u8005\u7684\u5174\u8da3\u518d\u5ea6\u71c3\u8d77\u3002<\/em><\/p>\n<p><em>\u8d44\u91d1\u6d41\u5165\u4e86\u5177\u6709\u5b9e\u7528\u6027\u548c\u8425\u6536\u6f5c\u529b\u7684\u9886\u57df\uff0c\u5305\u62ec<\/em> <em>CeFi<\/em><em>\u3001\u533a\u5757\u94fe\u57fa\u7840\u8bbe\u65bd\u548c\u670d\u52a1\u3002<\/em><em>AI<\/em><em>\u3001<\/em> <em>DePIN<\/em> <em>\u548c<\/em><em> RWA <\/em><em>\u7b49\u65b0\u91cd\u70b9\u9886\u57df\u4e5f\u5f15\u8d77\u4e86\u5f3a\u70c8\u5173\u6ce8\u3002<\/em><em>DeFi<\/em> <em>\u5728\u878d\u8d44\u8f6e\u6b21\u6570\u91cf\u4e0a\u9886\u5148\uff0c\u4f46\u878d\u8d44\u89c4\u6a21\u8f83\u5c0f\uff0c\u53cd\u6620\u51fa\u4f30\u503c\u66f4\u4e3a\u4fdd\u5b88\u3002<\/em><em>\u2014\u2014<\/em><em>CryptoRank<\/em><em> 2025 <\/em><em>\u5e74\u7b2c\u4e00\u5b63\u5ea6\u52a0\u5bc6\u9886\u57df\u98ce\u9669\u6295\u8d44\u72b6\u51b5\u62a5\u544a<\/em><\/p>\n<\/blockquote>\n<p>\u6211\u4eec\u6b63\u5728\u5c1d\u8bd5\u65b0\u7684\u4ee3\u5e01\u53d1\u884c\u6a21\u5f0f\uff0c\u4ee5\u5956\u52b1\u65e9\u671f\u652f\u6301\u8005\u800c\u975e\u5185\u90e8\u4eba\u58eb\u3002<\/p>\n<p>Echo \u548c Legion \u5904\u4e8e\u524d\u6cbf\uff0cBase \u5728 Echo \u4e0a\u542f\u52a8\u4e86\u4e00\u4e2a\u5c0f\u7ec4\u3002Kaito \u7684 InfoFi \uff08\u4fe1\u606f\u91d1\u878d\uff09\u524d\u666f\u4e50\u89c2\uff0c\u56e0\u4e3a\u5373\u4f7f\u90a3\u4e9b\u6ca1\u6709\u91d1\u878d\u8d44\u672c\u4f46\u6709\u793e\u4f1a\u5f71\u54cd\u529b\u7684\u4eba\u4e5f\u80fd\u4ece\u4e2d\u53d7\u76ca\u3002<\/p>\n<p>\u5e02\u573a\u4f3c\u4e4e\u5df2\u7ecf\u6536\u5230\u4e86\u4fe1\u606f\uff0c\u751f\u6001\u6b63\u5728\u590d\u82cf\uff08\u5c3d\u7ba1 KOL \u4ecd\u5403\u7740\u7ea2\u5229\uff09\u3002<\/p>\n<h3><strong>\u544a\u522b<\/strong> <strong>DeFi<\/strong><strong>\uff0c\u8fce\u63a5\u94fe\u4e0a\u91d1\u878d<\/strong><\/h3>\n<p>\u8fd8\u8bb0\u5f97\u6536\u76ca\u805a\u5408\u5668\uff08Yield Aggregator\uff09\u90a3\u6619\u82b1\u4e00\u73b0\u7684\u6545\u4e8b\u5417\uff1fYearn Finance \u5f00\u521b\u4e86\u5148\u6cb3\uff0c\u968f\u540e\u51fa\u73b0\u4e86\u591a\u6b21\u5206\u53c9\u3002<\/p>\n<p>\u5982\u4eca\u6b63\u5904\u4e8e\u6536\u76ca\u805a\u5408\u5668 2.0 \u65f6\u4ee3\u3002\u6211\u4eec\u79f0\u4e4b\u4e3a\u201cVault \u7b56\u7565\u201d\u3002<\/p>\n<p>\u968f\u7740 DeFi \u534f\u8bae\u7684\u589e\u591a\uff0cDeFi \u53d8\u5f97\u8d8a\u6765\u8d8a\u590d\u6742\uff0c\u91d1\u5e93\uff08Vaults\uff09\u4e5f\u8d8a\u6765\u8d8a\u6709\u5438\u5f15\u529b\uff1a\u5b58\u5165\u8d44\u4ea7\uff0c\u5373\u53ef\u83b7\u53d6\u6700\u4f73\u7684\u98ce\u9669\u8c03\u6574\u540e\u6536\u76ca\u3002<\/p>\n<p>\u7136\u800c\uff0c\u6536\u76ca\u805a\u5408\u5668\u65e9\u671f\u548c\u73b0\u5728\u6700\u5927\u7684\u533a\u522b\u5728\u4e8e\u8d44\u4ea7\u7ba1\u7406\u7684\u65e5\u76ca\u4e2d\u5fc3\u5316\u3002<\/p>\n<p>Vault \u62e5\u6709\u201c\u7b56\u7565\u5e08\u201d\u2014\u2014\u901a\u5e38\u662f\u4e00\u652f\u7531\u201c\u673a\u6784\u6295\u8d44\u8005\u201d\u7ec4\u6210\u7684\u56e2\u961f\uff0c\u4ed6\u4eec\u4f1a\u5229\u7528\u4f60\u7684\u8d44\u91d1\u8ffd\u9010\u6700\u4f73\u6295\u8d44\u673a\u4f1a\u3002\u5bf9\u4ed6\u4eec\u6765\u8bf4\uff0c\u8fd9\u662f\u4e00\u79cd\u53cc\u8d62\uff1a\u4ed6\u4eec\u4f7f\u7528\u4f60\u7684\u8d44\u91d1\u5e76\u4ece\u4e2d\u8d5a\u53d6\u8d39\u7528\u3002<\/p>\n<p>\u8fd9\u4e9b\u7b56\u7565\u5e08\u5305\u62ec MEV Capital\u3001Seven Seas\u3001Gauntlet\u3001Veda \u4ee5\u53ca\u8bb8\u591a\u4e0e Etherfi\u3001Upshift \u548c Mellow Protocol \u7b49\u534f\u8bae\u5408\u4f5c\u7684\u516c\u53f8\u3002<\/p>\n<p>Veda \u672c\u8eab\u5c31\u662f DeFi \u4e2d\u7b2c 17 \u5927\u201c\u534f\u8bae\u201d\uff0c\u8d85\u8fc7\u4e86 Curve\u3001Pancakeswap \u6216 Compound Finance\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/1eef2b62a0b9c07aa23e567aaeb3c2ac.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u7136\u800c\uff0cVault \u53ea\u662f\u51b0\u5c71\u4e00\u89d2\u3002DeFi \u771f\u6b63\u7684\u53bb\u4e2d\u5fc3\u5316\u613f\u666f\u65e9\u5df2\u7834\u706d\uff1b\u5b83\u5df2\u7ecf\u6f14\u53d8\u6210\u94fe\u4e0a\u91d1\u878d\u3002<\/p>\n<p>\u60f3\u60f3\u770b\uff1aDeFi \u548c\u52a0\u5bc6\u9886\u57df\u4e2d\u589e\u957f\u6700\u5feb\u7684 RWA\u3001\u50cf Ethena\u3001\u8d1d\u83b1\u5fb7\u7684 BUIDL \u8fd9\u6837\u7684\u6536\u76ca\u578b\u3001Delta \u4e2d\u6027\u7684\u7a33\u5b9a\u5e01\uff0c\u4e0e DeFi \u7684\u6700\u521d\u613f\u666f\u76f8\u53bb\u751a\u8fdc\u3002<\/p>\n<p>\u6216\u8005\u50cf BTCfi\uff08\u4ee5\u53ca BTC L2s\uff09\u8fd9\u6837\u7684\u591a\u91cd\u7b7e\u540d\u5408\u7ea6\uff0c\u4f60\u5fc5\u987b\u4fe1\u4efb\u6258\u7ba1\u4eba\u4e0d\u4f1a\u5377\u8d70\u4f60\u7684\u8d44\u91d1\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/78934924fee9078bbc254b8222082af1.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<pre><em>\u6ce8\uff1a<\/em><em>\u6b64\u5904\u6ca1\u6709<\/em><em>\u9488\u5bf9<\/em><em> Lombard <\/em><em>\u7684\u610f\u601d\uff0c\u53ea\u662f\u5c06\u5176\u4f5c\u4e3a<\/em><em> Vault <\/em><em>\u4e0e<\/em> <em>BTCfi<\/em> <em>\u8d8b\u52bf\u878d\u5408\u7684\u4e00\u4e2a\u4f8b\u5b50<\/em><\/pre>\n<p>\u81ea\u4ece Maker \u4ece\u53bb\u4e2d\u5fc3\u5316\u7684 DAI \u8f6c\u5411\u6536\u76ca\u751f\u6210\u578b\u7684 RWA \u534f\u8bae\u4ee5\u6765\uff0c\u60c5\u51b5\u4e00\u76f4\u5982\u6b64\u3002\u771f\u6b63\u7684\u53bb\u4e2d\u5fc3\u5316\u534f\u8bae\u5f88\u5c11\u4e14\u89c4\u6a21\u5f88\u5c0f\uff08Liquity \u5c31\u662f\u4e00\u4e2a\u4f8b\u5b50\uff09\u3002<\/p>\n<p>\u8fd9\u672a\u5fc5\u662f\u574f\u4e8b\uff1aRWA \u548c\u4ee3\u5e01\u5316\u8ba9\u6211\u4eec\u5f97\u4ee5\u6446\u8131\u5faa\u73af\u5f80\u590d\u3001\u57fa\u4e8e\u6760\u6746\u7684 DeFi \u5e9e\u6c0f\u9a97\u5c40\u65f6\u4ee3\u3002<\/p>\n<p>\u8fd9\u610f\u5473\u7740\u98ce\u9669\u56e0\u7d20\u6b63\u5728\u6269\u5927\uff0c\u8ba9\u4e86\u89e3\u8d44\u91d1\u771f\u6b63\u53bb\u5411\u53d8\u5f97\u66f4\u52a0\u590d\u6742\u3002\u5982\u679c\u770b\u5230 CeDeFi \u534f\u8bae\u6ee5\u7528\u7528\u6237\u8d44\u91d1\uff0c\u4e0d\u5fc5\u611f\u5230\u60ca\u8bb6\u3002<\/p>\n<p>\u8bb0\u4f4f\uff1a\u9690\u85cf\u7684\u6760\u6746\u603b\u80fd\u627e\u5230\u6f5c\u5165\u7cfb\u7edf\u7684\u65b9\u6cd5\u3002<\/p>\n<h3><strong>DAO <\/strong><strong>\u540d\u5b58\u5b9e\u4ea1<\/strong><\/h3>\n<p>\u540c\u6837\u7684\u53bb\u4e2d\u5fc3\u5316\u5e7b\u60f3\u6b63\u5728 DAO \u8eab\u4e0a\u7834\u706d\u3002<\/p>\n<p>\u8fc7\u53bb\u7684\u7406\u5ff5\u57fa\u4e8e a16z \u5728 2020 \u5e74 1 \u6708\u63a8\u5e7f\u7684\u201c\u6e10\u8fdb\u5f0f\u53bb\u4e2d\u5fc3\u5316\u201d\u7406\u8bba\u3002<\/p>\n<p>\u534f\u8bae\u9996\u5148\u627e\u5230 PMF\uff08\u4ea7\u54c1\u5e02\u573a\u5951\u5408\uff09\u2192 \u968f\u7740\u7f51\u7edc\u6548\u5e94\u7684\u589e\u957f\uff0c\u793e\u533a\u83b7\u5f97\u66f4\u591a\u7684\u6743\u529b \u2192 \u56e2\u961f\u201c\u9000\u51fa\u7ed9\u793e\u533a\u201d\uff0c\u6700\u7ec8\u5b9e\u73b0\u5145\u5206\u7684\u53bb\u4e2d\u5fc3\u5316\u3002<\/p>\n<p>\u4e94\u5e74\u8fc7\u53bb\u4e86\uff0c\u6211\u4eec\u6b63\u5728\u56de\u5f52\u4e2d\u5fc3\u5316\u3002\u4ee5\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u4e3a\u4f8b\uff0c\u5b83\u6b63\u66f4\u79ef\u6781\u5730\u4ecb\u5165\u4ee5\u6269\u5927 L1 \u7684\u89c4\u6a21\u3002DAO \u6a21\u5f0f\u9762\u4e34\u8bf8\u591a\u95ee\u9898\uff1a<\/p>\n<ul>\n<li>\u9009\u6c11\u51b7\u6f20<\/li>\n<li>\u6e38\u8bf4\uff08\u8d3f\u9009\uff09\u98ce\u9669\u65e5\u76ca\u589e\u52a0<\/li>\n<li>\u6267\u884c\u762b\u75ea<\/li>\n<\/ul>\n<p>Arbitrum \u548c Lido \u8fd9\u4e24\u4e2a DAO \u6b63\u8d70\u5411\u66f4\u4e2d\u5fc3\u5316\u7684\u63a7\u5236\uff08\u901a\u8fc7\u56e2\u961f\u66f4\u79ef\u6781\u7684\u53c2\u4e0e\u6216 BORGs\uff09\uff0c\u4f46 Uniswap \u5374\u5728\u7ecf\u5386\u4e00\u573a\u91cd\u5927\u53d8\u9769\u3002<\/p>\n<p>Uniswap \u57fa\u91d1\u4f1a\u6295\u7968\u51b3\u5b9a\u63d0\u4f9b 1.65 \u4ebf\u7f8e\u5143\u7684\u6d41\u52a8\u6027\u6316\u77ff\u5956\u52b1\uff0c\u4ee5\u63a8\u52a8 Uniswap v4 \u548c Unichain \u7684\u53d1\u5c55\u3002\u6216\u8005\u53e6\u4e00\u79cd\u9634\u8c0b\u8bba\u79f0\uff0c\u8fd9\u662f\u4e3a\u4e86\u8fbe\u5230\u83b7\u5f97 Optimism OP \u8d44\u52a9\u5956\u52b1\u6240\u9700\u7684\u6d41\u52a8\u6027\u95e8\u69db\u3002<\/p>\n<p>\u603b\u4e4b\uff0cDAO \u4ee3\u8868\u4eec\u5f88\u6124\u6012\u3002\u4e3a\u4ec0\u4e48\u57fa\u91d1\u4f1a\u8981\u652f\u4ed8\u6240\u6709 $UNI \u5956\u52b1\uff0c\u800c Uniswap Labs\uff08\u4e2d\u5fc3\u5316\u5b9e\u4f53\uff09\u5374\u80fd\u4ece Uniswap \u524d\u7aef\u8d5a\u53d6\u6570\u767e\u4e07\u7f8e\u5143\u7684\u8d39\u7528\uff1f<\/p>\n<p>\u4e00\u4f4d\u6392\u540d\u524d 20 \u7684\u4ee3\u8868\u6700\u8fd1\u8f9e\u53bb\u4e86 Uni \u4ee3\u8868\u7684\u804c\u52a1\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/7133ac1c783317a6a34a701a3f8d94b5.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u5efa\u8bae\u5b8c\u6574\u9605\u8bfb\u8fd9\u7bc7\u6587\u7ae0\uff0c\u4f46\u4ed6\u7684\u89c2\u70b9\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\u6cbb\u7406\u4f5c\u79c0\uff1aUniswap \u7684 DAO \u770b\u4f3c\u5f00\u653e\uff0c\u5b9e\u5219\u8fb9\u7f18\u5316\u53cd\u5bf9\u610f\u89c1\u3002\u63d0\u6848\u9075\u5faa\u6d41\u7a0b\uff08\u8ba8\u8bba\u3001\u6295\u7968\u3001\u8bba\u575b\uff09\uff0c\u4f46\u611f\u89c9\u50cf\u662f\u9884\u5148\u51b3\u5b9a\u597d\u7684\uff0c\u5c06\u6cbb\u7406\u6ca6\u4e3a\u4e00\u79cd\u201c\u4eea\u5f0f\u201d\u3002<\/li>\n<li>\u6743\u529b\u96c6\u4e2d\uff1aUniswap \u57fa\u91d1\u4f1a\u5956\u52b1\u5fe0\u8bda\uff0c\u538b\u5236\u6279\u8bc4\uff0c\u91cd\u89c6\u8868\u9762\u5f62\u8c61\u751a\u4e8e\u8d23\u4efb\u62c5\u5f53\u3002<\/li>\n<li>\u53bb\u4e2d\u5fc3\u5316\u7684\u5931\u8d25\uff1a\u5982\u679c DAO \u4f18\u5148\u8003\u8651\u54c1\u724c\u5efa\u8bbe\u800c\u975e\u5b9e\u8d28\u5185\u5bb9\uff0c\u5c31\u6709\u53ef\u80fd\u53d8\u5f97\u65e0\u5173\u7d27\u8981\u3002\u5982\u679c\u7f3a\u4e4f\u771f\u6b63\u7684\u8d23\u4efb\u673a\u5236\uff0c\u5c31\u4f1a\u6ca6\u4e3a\u201c\u591a\u6b64\u4e00\u4e3e\u7684\u72ec\u88c1\u201d\u3002<\/li>\n<\/ul>\n<p>\u6709\u8da3\u7684\u662f\uff0ca16z \u662f Uniswap \u7684\u4e3b\u8981\u4ee3\u5e01\u6301\u6709\u8005\uff0c\u4f46 Uniswap \u8fdc\u672a\u5b9e\u73b0\u771f\u6b63\u7684\u53bb\u4e2d\u5fc3\u5316\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/0c48624b13b65966dcaf44088a121363.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>\u6216\u8bb8\u8bf4 DAO \u53ea\u662f\u4e2a\u5e4c\u5b50\u4e5f\u4e0d\u4e3a\u8fc7\uff1b\u6211\u4eec\u9700\u8981\u4e00\u4e2a\u8fde\u8d2f\u7684\u6545\u4e8b\u6765\u89c4\u907f\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8\u53ef\u80fd\u9762\u4e34\u7684\u76d1\u7ba1\u5ba1\u67e5\u3002<\/p>\n<p>\u6240\u4ee5\uff0c\u4ec5\u4f5c\u4e3a\u6295\u7968\u5de5\u5177\u7684\u4ee3\u5e01\u5df2\u4e0d\u518d\u503c\u5f97\u6295\u8d44\u3002\u771f\u6b63\u7684\u6536\u76ca\u5171\u4eab\u548c\u5b9e\u7528\u6027\u624d\u662f\u5173\u952e\u3002<\/p>\n<h3><strong>DEX<\/strong><strong>\uff08<\/strong><strong>Hyperliquid<\/strong><strong>\uff09\u6311\u6218<\/strong><strong> CEX<\/strong><\/h3>\n<p>\u73b0\u5728\uff0c\u8981\u5206\u4eab\u6211\u7684\u9634\u8c0b\u8bba\u3002<\/p>\n<p>FTX \u63a8\u51fa Sushiswap \u662f\u56e0\u4e3a\u4ed6\u4eec\u62c5\u5fc3 Uniswap \u53ef\u80fd\u4f1a\u62a2\u5360\u5176\u73b0\u8d27\u5e02\u573a\u3002\u5373\u4fbf\u4ed6\u4eec\u6ca1\u6709\u76f4\u63a5\u63a8\u51fa\uff0c\u4e5f\u5f88\u53ef\u80fd\u5728\u5f00\u53d1\u548c\u8d44\u91d1\u65b9\u9762\u7ed9\u4e88\u4e86\u5bc6\u5207\u652f\u6301\u3002<\/p>\n<p>\u540c\u6837\uff0c\u5e01\u5b89\u56e2\u961f\uff08\u6216\u8005 BNB\uff0c\u968f\u4fbf\u600e\u4e48\u79f0\u547c\uff09\u51fa\u4e8e\u540c\u6837\u7684\u539f\u56e0\u63a8\u51fa\u4e86 PancakeSwap\u3002<\/p>\n<p>Uniswap \u66fe\u5bf9 CEX \u6784\u6210\u91cd\u5927\u5a01\u80c1\uff0c\u4f46\u8fd9\u79cd\u5a01\u80c1\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5df2\u88ab\u5316\u89e3\uff0c\u56e0\u4e3a Uniswap \u5e76\u672a\u5bf9\u5b83\u4eec\u5229\u6da6\u66f4\u4e30\u539a\u7684\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u4e1a\u52a1\u6784\u6210\u6311\u6218\u3002<\/p>\n<p>\u5229\u6da6\u6709\u591a\u5927\uff1f\u4ece\u8bc4\u8bba\u4e2d\u53ef\u4ee5\u770b\u51fa\uff0c\u5f88\u96be\u8bf4\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/8\/images\/69b0d10459df270b8935036f813244ff.png\" alt=\"\u52a0\u5bc6\u73b0\u72b6\u76f4\u51fb\uff1aHODL\u5df2\u6b7b\u3001DeFi\u518d\u89c1\uff0c\u79c1\u52df\u5e02\u573a\u8870\u8d25.....\" \/><\/p>\n<p>Hyperliquid \u5e26\u6765\u4e86\u53e6\u4e00\u79cd\u5a01\u80c1\u3002\u5b83\u4e0d\u4ec5\u6d89\u8db3\u6c38\u7eed\u5408\u7ea6\u4e1a\u52a1\uff0c\u8fd8\u7784\u51c6\u73b0\u8d27\u5e02\u573a\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5b83\u8fd8\u5728\u6784\u5efa\u81ea\u5df1\u7684\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u3002<\/p>\n<p>Hyperliquid \u5728\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u7684\u4efd\u989d\u4e0d\u65ad\u589e\u957f\uff0c\u5df2\u589e\u957f\u81f3 12.5%\u3002\uff08\u5b9e\u65f6\u7edf\u8ba1\u6570\u636e\u53ef\u5728\u6b64\u5904\u6216\u6b64\u5904\u67e5\u770b\u3002\uff09<\/p>\n<p>\u770b\u5230\u5e01\u5b89\u548c OKX \u516c\u7136\u7528 JELLYJELLY \u653b\u51fb Hyperliquid\uff0c\u611f\u5230\u9707\u60ca\u3002\u5c3d\u7ba1 Hyperliquid \u5e78\u5b58\u4e86\u4e0b\u6765\uff0c\u4f46 HYPE \u7684\u6295\u8d44\u8005\u73b0\u5728\u5fc5\u987b\u975e\u5e38\u8ba4\u771f\u5730\u5bf9\u5f85\u672a\u6765\u53ef\u80fd\u906d\u53d7\u653b\u51fb\u7684\u98ce\u9669\u3002<\/p>\n<p>\u8fd9\u6216\u8bb8\u5e76\u975e\u7c7b\u4f3c\u7684\u653b\u51fb\uff0c\u800c\u662f\u76d1\u7ba1\u538b\u529b\uff0c\u56e0\u4e3a CZ \u6b63\u5728\u6210\u4e3a\u201c\u56fd\u5bb6\u5c42\u9762\u7684\u6218\u7565\u52a0\u5bc6\u987e\u95ee\u201d\u3002\u4f60\u89c9\u5f97\u4ed6\u4f1a\u8ddf\u653f\u5ba2\u4eec\u8bf4\u4ec0\u4e48\uff1f\u54e6\uff0c\u90a3\u4e9b\u4e0d\u8fdb\u884c KYC \u7684\u72af\u7f6a\u4ea4\u6613\u6240\u592a\u7cdf\u7cd5\u4e86\uff0c\u4e5f\u8bb8\u5427\uff1f<\/p>\n<p>\u4e0d\u7ba1\u600e\u6837\uff0c\u5e0c\u671b Hyperliquid \u80fd\u591f\u8d85\u8d8a CEX \u73b0\u8d27\u5e02\u573a\u4e1a\u52a1\uff0c\u63a8\u51fa\u66f4\u900f\u660e\u4e14\u4e0d\u4f1a\u8ba9\u534f\u8bae\u8d22\u52a1\u72b6\u51b5\u5d29\u6e83\u7684\u4e0a\u5e01\u670d\u52a1\u3002<\/p>\n<p>\u5173\u4e8e HYPE \u8fd8\u6709\u5f88\u591a\u8981\u8bf4\uff0c\u56e0\u4e3a\u8fd9\u662f\u4e2a\u4eba\u6301\u6709\u7684\u6700\u5927\u7684\u5c71\u5be8\u5e01\u4ed3\u4f4d\u3002\u4f46 Hyperliquid \u5df2\u7ecf\u6210\u4e3a\u4e86\u4e00\u9879\u6311\u6218 CEX \u7684\u8fd0\u52a8\uff0c\u5c24\u5176\u5728\u5e01\u5b89\/OKX \u653b\u51fb\u4e8b\u4ef6\u4e4b\u540e\u3002<\/p>\n<h3><strong>\u534f\u8bae<\/strong><strong> \u2192 <\/strong><strong>\u5e73\u53f0<\/strong><\/h3>\n<p>\u60a8\u53ef\u80fd\u5728 X \u4e0a\u5df2\u7ecf\u770b\u5230\u6211\u5728\u534f\u8bae\u6f14\u53d8\u4e3a\u5e73\u53f0\u7684\u80cc\u666f\u4e0b\u5bf9 Fluid \u7684\u59d4\u5a49\u63a8\u8350\u3002\u91cd\u70b9\u5728\u4e8e\u534f\u8bae\u6709\u6ca6\u4e3a\u5546\u54c1\u5316\u57fa\u7840\u8bbe\u65bd\u7684\u98ce\u9669\uff0c\u800c\u9762\u5411\u7528\u6237\u7684\u5e94\u7528\u7a0b\u5e8f\u5219\u6536\u83b7\u4e86\u5927\u90e8\u5206\u6536\u76ca\u3002<\/p>\n<p>\u4ee5\u592a\u574a\u662f\u5426\u9677\u5165\u4e86\u5546\u54c1\u5316\u9677\u9631\uff1f<\/p>\n<p>\u8981\u6446\u8131\u8fd9\u79cd\u56f0\u5883\uff0c\u534f\u8bae\u9700\u8981\u53d8\u5f97\u50cf\u82f9\u679c\u5546\u5e97\u90a3\u6837\uff0c\u8ba9\u7b2c\u4e09\u65b9\u5f00\u53d1\u8005\u80fd\u591f\u5728\u5176\u57fa\u7840\u4e0a\u8fdb\u884c\u5f00\u53d1\uff0c\u8fd9\u6837\u4ef7\u503c\u624d\u80fd\u7559\u5728\u6574\u4e2a\u751f\u6001\u7cfb\u7edf\u4e2d\u3002<\/p>\n<p>Uniswap v4 \u548c Fluid \u8bd5\u56fe\u901a\u8fc7 Hooks \u6765\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\uff0c\u800c\u50cf 1inch \u548c Jupiter \u8fd9\u6837\u7684\u56e2\u961f\u5219\u6784\u5efa\u4e86\u81ea\u5df1\u7684\u79fb\u52a8\u94b1\u5305\u3002LayerZero \u4e5f\u521a\u521a\u5ba3\u5e03\u4e86 vApps\u3002<\/p>\n<p>\u8fd9\u4e00\u8d8b\u52bf\u5c06\u4f1a\u52a0\u901f\u3002\u90a3\u4e9b\u80fd\u591f\u6355\u6349\u6d41\u52a8\u6027\u3001\u5438\u5f15\u7528\u6237\u5e76\u627e\u5230\u5c06\u6d41\u52a8\u6027\u8d27\u5e01\u5316\u7684\u65b9\u6cd5\uff0c\u540c\u65f6\u5956\u52b1\u4ee3\u5e01\u6301\u6709\u8005\u7684\u4eba\u5c06\u6210\u4e3a\u6700\u5927\u7684\u8d62\u5bb6\u3002<\/p>\n<h3><strong>\u4e0d\u65ad\u53d8\u5316\u7684\u4e16\u754c\u79e9\u5e8f\u4e2d\u7684\u52a0\u5bc6\u8d27\u5e01<\/strong><\/h3>\n<p>\u672c\u60f3\u63a2\u8ba8\u52a0\u5bc6\u9886\u57df\u66f4\u591a\u7684\u91cd\u5927\u53d8\u5316\uff0c\u4ece\u7a33\u5b9a\u5e01\u5230\u968f\u7740\u52a0\u5bc6\u8d27\u5e01\u65e5\u76ca\u590d\u6742\u5316\u800c\u53d8\u5f97\u6108\u53d1\u6a21\u7cca\u7684 CT\uff08\u52a0\u5bc6\u63a8\u7279\uff09\u3002<\/p>\n<p>\u7531\u4e8e\u52a0\u5bc6\u884c\u4e1a\u4e0d\u518d\u50cf\u8fc7\u53bb\u90a3\u6837\u5c01\u95ed\uff0c\u63a8\u7279\u73b0\u5728\u63d0\u4f9b\u7684\u72ec\u5bb6\u6d88\u606f\u53d8\u5c11\u4e86\u3002<\/p>\n<p>\u6b64\u524d\uff0c\u6211\u4eec\u80fd\u591f\u51ed\u501f\u7b80\u5355\u7684\u6e38\u620f\u89c4\u5219\u63a8\u51fa\u5e9e\u6c0f\u9a97\u5c40\uff0c\u800c\u76d1\u7ba1\u673a\u6784\u8981\u4e48\u5bf9\u52a0\u5bc6\u8d27\u5e01\u8bef\u89e3\uff0c\u8981\u4e48\u5bf9\u5176\u7f6e\u4e4b\u4e0d\u7406\uff0c\u5e0c\u671b\u5b83\u81ea\u884c\u6d88\u5931\u3002<\/p>\n<p>\u5e74\u590d\u4e00\u5e74\uff0c\u6709\u5173\u76d1\u7ba1\u7684\u8ba8\u8bba\u5728 CT \u4e0a\u6108\u53d1\u5e38\u89c1\u3002\u5e78\u8fd0\u7684\u662f\uff0c\u7f8e\u56fd\u6b63\u5728\u9010\u6e10\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\uff0c\u800c\u4e14\u7531\u4e8e\u7a33\u5b9a\u5e01\u3001\u4ee3\u5e01\u5316\u4ee5\u53ca\u6bd4\u7279\u5e01\u6210\u4e3a\u4ef7\u503c\u50a8\u5b58\u624b\u6bb5\uff0c\u4f3c\u4e4e\u5373\u5c06\u8fce\u6765\u5927\u89c4\u6a21\u91c7\u7528\u3002<\/p>\n<p>\u4f46\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u4f1a\u5f88\u5feb\u6539\u53d8\uff1a\u7f8e\u56fd\u653f\u5e9c\u6216\u8bb8\u6700\u7ec8\u4f1a\u610f\u8bc6\u5230\uff0c\u6bd4\u7279\u5e01\u786e\u5b9e\u5728\u524a\u5f31\u7f8e\u5143\u7684\u5730\u4f4d\u3002<\/p>\n<p>\u5728\u7f8e\u56fd\u4e4b\u5916\uff0c\u76d1\u7ba1\u548c\u6587\u5316\u73af\u5883\u5927\u4e0d\u76f8\u540c\u3002\u4e2d\u56fd\u76ee\u524d\u6ca1\u6709\u4efb\u4f55\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684\u8ff9\u8c61\u3002<\/p>\n<p>\u6b27\u76df\u8d8a\u6765\u8d8a\u6ce8\u91cd\u63a7\u5236\uff0c\u5c24\u5176\u662f\u4ece\u798f\u5229\u56fd\u5bb6\u8f6c\u5411\u6218\u4e89\u56fd\u5bb6\u4e4b\u9645\uff0c\u90a3\u4e9b\u6709\u4e89\u8bae\u7684\u51b3\u7b56\u53ef\u80fd\u4f1a\u4ee5\u201c\u5b89\u5168\u201d\u4e4b\u540d\u5f3a\u884c\u63a8\u884c\u3002<\/p>\n<p>\u6b27\u76df\u5e76\u672a\u5c06\u52a0\u5bc6\u8d27\u5e01\u5217\u4e3a\u4f18\u5148\u4e8b\u9879\uff0c\u53cd\u800c\u5c06\u5176\u89c6\u4e3a\u4e00\u79cd\u5a01\u80c1\uff1a<\/p>\n<ul>\n<li>\u6b27\u6d32\u592e\u884c\u8b66\u544a\u79f0\uff0c\u7f8e\u56fd\u63a8\u52a8\u52a0\u5bc6\u8d27\u5e01\u53ef\u80fd\u5f15\u53d1\u91d1\u878d\u8513\u5ef6<\/li>\n<li>\u6b27\u76df\u5c06\u4e8e 2027 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