{"id":1336,"date":"2025-07-07T16:40:21","date_gmt":"2025-07-07T08:40:21","guid":{"rendered":"https:\/\/www.117store.com\/?p=1336"},"modified":"2025-07-07T16:40:21","modified_gmt":"2025-07-07T08:40:21","slug":"defi%e7%bb%86%e5%88%86%e8%b5%9b%e9%81%93%e5%8f%91%e5%b1%95%e7%8e%b0%e7%8a%b6%ef%bc%9a%e6%95%b4%e4%bd%93%e5%91%88%e5%af%a1%e5%a4%b4%e5%9e%84%e6%96%ad%e7%bb%93%e6%9e%84","status":"publish","type":"post","link":"https:\/\/www.wxjqcz.com\/?p=1336","title":{"rendered":"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784"},"content":{"rendered":"<h1 class=\"art_tit\">DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784<\/h1>\n<div class=\"content_text\">\n<p>\u539f\u6587\u4f5c\u8005\uff1aCheeezzyyyy<\/p>\n<p>\u539f\u6587\u7f16\u8bd1\uff1aFelix, PANews<\/p>\n<p>\u81ea 2021 \u5e74\u5f00\u542f\u201cDeFi \u4e4b\u590f\u201d\u4ee5\u6765\uff0cDeFi \u5df2\u7ecf\u53d6\u5f97\u4e86\u957f\u8db3\u7684\u8fdb\u6b65\u3002\u5982\u4eca\uff0cDeFi \u5df2\u7ecf\u5efa\u7acb\u4e86\u591a\u4e2a\u6210\u719f\u7684\u9886\u57df\uff0c\u5176\u5404\u9886\u57df\u7684\u589e\u957f\u548c\u6d3b\u52a8\u5b9e\u73b0\u81ea\u6211\u7ef4\u6301\u3002<\/p>\n<p>\u5373\u4f7f\u5982\u6b64\uff0c\u5176\u53d1\u5c55\u8fd8\u5c1a\u5c5e\u65e9\u671f\uff0c\u56e0\u4e3a\u52a0\u5bc6\u8d27\u5e01\u5e02\u503c\u4ecd\u7ea6\u4e3a 3.3 \u4e07\u4ebf\u7f8e\u5143\uff0c\u800c TradFi \u5e02\u503c\u5219\u4e3a 133 \u4e07\u4ebf\u7f8e\u5143\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/2ae7a7b6990c3f5d738327d2a1f65ffb.jpg\"><\/p>\n<p>DeFi \u7684\u6838\u5fc3\u662f\u63d0\u4f9b\u66f4\u5177\u521b\u65b0\u6027\u548c\u6548\u7387\u7684\u7cfb\u7edf\uff0c\u901a\u8fc7\u7ecf\u8fc7\u9a8c\u8bc1\u7684 PMF \uff08\u5e02\u573a\u5951\u5408\u70b9\uff09\u89e3\u51b3 TradFi \u4f4e\u6548\u7387\u95ee\u9898\u3002DeFi \u540c\u6837\u7531\u591a\u4e2a\u5173\u952e\u9886\u57df\u7ec4\u6210\uff0c\u8fd9\u4e9b\u9886\u57df\u901a\u5e38\u9075\u5faa\u5be1\u5934\u5784\u65ad\u7ed3\u6784\u3002<\/p>\n<p>2024 \u5e74\u7b2c\u56db\u5b63\u5ea6\uff0cDEX \u5e73\u53f0 Raydium\uff08\u57fa\u4e8e Solana \u7684\u81ea\u52a8\u505a\u5e02\u5546\uff09\u5360\u636e\u4e86\u7ea6 61% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u8d85\u8d8a Uniswap \u6210\u4e3a\u884c\u4e1a\u9886\u5bfc\u8005\u3002\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0cRaydium \u7684 TVL \u4ec5\u7ea6\u4e3a Uniswap \u7684 39%\u00a0\u3002<\/p>\n<p>\u5c3d\u7ba1 Raydium \u7684\u5d1b\u8d77\u53ef\u80fd\u662f\u7531\u4e8e Solana \u751f\u6001\u7684 Memecoin Season \u6240\u5f15\u8d77\uff0c\u4f46\u5176 LT\uff08\u6ce8\uff1a\u7528\u6237\u751f\u547d\u5468\u671f\uff0c\u8861\u91cf\u7528\u6237\u7684\u6d3b\u8dc3\u60c5\u51b5\uff09\u6301\u4e45\u6027\u4ecd\u4e0d\u786e\u5b9a\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/34063610ff66f80ffd1a9510fb6fc7b0.jpg\"><\/p>\n<p>perp DEX \u9886\u57df\u7684\u8d62\u5bb6\u5f88\u7a81\u51fa\u3002Hyperliquid \u7684\u4e3b\u5bfc\u5730\u4f4d\u81ea 2024 \u5e74\u7b2c\u4e09\u5b63\u5ea6\u4ee5\u6765\u5f97\u5230\u8fdb\u4e00\u6b65\u5de9\u56fa\uff0c\u5e02\u573a\u4efd\u989d\u4ece 24% \u589e\u81f3 73%\u00a0\uff083 \u500d\uff09\u3002<\/p>\n<p>\u81ea 2024 \u5e74\u7b2c\u56db\u5b63\u5ea6\u4ee5\u6765\uff0cperp DEX \u7684\u6574\u4f53\u4ea4\u6613\u91cf\u4e00\u76f4\u5728\u56de\u5347\uff0c\u76ee\u524d\u65e5\u4ea4\u6613\u91cf\u7ea6\u4e3a 80 \u4ebf\u7f8e\u5143\uff0c\u800c\u5f53\u65f6\u4ec5\u4e3a 40 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>Hyperliquid \u7ee7\u7eed\u6311\u6218 CEX \u4f5c\u4e3a\u4ef7\u683c\u53d1\u73b0\u5e73\u53f0\u7684\u5730\u4f4d\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/b3f66a9aa6116e0199a0a971b8832cd3.jpg\"><\/p>\n<p>\u81ea 2024 \u5e74\u4ee5\u6765\uff0cAave \u5728\u501f\u8d37\u9886\u57df\u7684\u4e3b\u5bfc\u5730\u4f4d\u6709\u6240\u4e0a\u5347\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u5b58\u6b3e\uff1a\u00a042.1%\u00a0\u81f3 65.78%\u00a0<\/p>\n<\/li>\n<li>\n<p>\u501f\u6b3e\uff1a\u00a031% \u81f3 61%\u00a0<\/p>\n<\/li>\n<\/ul>\n<p>\u5373\u4f7f Aave \u6ca1\u6709\u6700\u5177\u5438\u5f15\u529b\u7684\u6536\u76ca\u7387\uff0c\u4f46\u5176\u51ed\u501f\u957f\u671f\u4ee5\u6765\u7684\u58f0\u8a89\u548c\u7528\u6237\u5bf9\u534f\u8bae\u7684\u4fe1\u4efb\uff0cAave \u4ecd\u662f\u501f\u8d37\u9886\u57df\u7684\u9996\u9009\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/859b1c1928d8b6db7d7809a170409149.jpg\"><\/p>\n<p>\u5728\u6536\u76ca\u9886\u57df\uff0c\u4e3b\u5bfc\u8005 Pendle \u6b63\u5f15\u9886\u53d1\u5c55\uff0c\u5e02\u573a\u4efd\u989d\u8d85 50%\u00a0\u3002\u5176\u72ec\u7279\u7684\u4ef7\u503c\u4e3b\u5f20\u5728\u4e8e\u53d1\u73b0\u884c\u4e1a\u4ef7\u503c\u7684\u9996\u9009\u63a8\u52a8\u8005\u3002\u5c3d\u7ba1 DeFi \u6574\u4f53\u5e02\u573a\u53d1\u5c55\u653e\u7f13\u4e14\u5e02\u573a\u60c5\u7eea\u4f4e\u8ff7\uff0c\u4f46 Pendle \u4ecd\u4fdd\u6301 TVL \u7eaa\u5f55\u3002<\/p>\n<p>\u5c31 TVL \u800c\u8a00\uff0c\u6d41\u52a8\u6027\u8d28\u62bc\uff08LST\uff09\u662f DeFi \u4e2d\u8fc4\u4eca\u4e3a\u6b62\u6700\u5927\u7684\u9886\u57df\uff0c\u7ea6 350 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>Lido Finance \u662f\u65e0\u53ef\u4e89\u8bae\u7684\u4e3b\u5bfc\u8005\uff0c\u5e02\u573a\u4efd\u989d\u7ea6\u5360 70%\u00a0\uff0c\u51e0\u4e4e\u5784\u65ad\u4e86 LST \u9886\u57df\uff0c\u5176 TVL\uff08248 \u4ebf\u7f8e\u5143\uff09\u662f\u5176\u7ade\u4e89\u5bf9\u624b Binance bETH\uff0848 \u4ebf\u7f8e\u5143\uff09\u7684 5.17 \u500d\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/0981cc3113a68c76227a75a2f51f01ca.jpg\"><\/p>\n<p>\u8fd9\u79cd\u4e3b\u5bfc\u5730\u4f4d\u4e0d\u662f\u7531\u8d28\u62bc\u6536\u76ca\u7387\u9a71\u52a8\uff0c\u800c\u662f\u7531 stETH \u7684\u8d44\u4ea7\u4ef7\u503c\u6240\u9a71\u52a8\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u6700\u4f73\u8d44\u4ea7\u5229\u7528\u7387\uff1aDeFi \u4e2d\u96c6\u6210\u5ea6\u6700\u9ad8\u7684\u8d44\u4ea7<\/p>\n<\/li>\n<li>\n<p>\u6700\u503c\u5f97\u4fe1\u8d56\u7684\u670d\u52a1\uff1a\u57fa\u91d1\u548c\u5b9e\u4f53\u7684\u9996\u9009\u673a\u6784\u7ea7\u8d28\u62bc\u89e3\u51b3\u65b9\u6848<\/p>\n<\/li>\n<\/ul>\n<p>\u53ef\u4fe1\u5ea6\u548c\u4fe1\u4efb\u662f\u91c7\u7528\u7684\u5173\u952e\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/8638aea87ef2c2f0e4703007d1286d64.jpg\"><\/p>\n<p>\u81f3\u4e8e\u6d41\u52a8\u6027\u518d\u8d28\u62bc\uff0c\u5176\u5e02\u573a\u8d8b\u52bf\u5927\u81f4\u76f8\u540c\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cether.fi \u7684\u5e02\u573a\u4efd\u989d\u4ece\u00a035.3% \u5347\u81f3 63%\u00a0\u3002\u56e0\u4e3a\u5373\u4f7f ether.fi \u5728 S\u00a01 \u548c S\u00a02 \u8d28\u62bc\u91cf\u6709\u6240\u4e0b\u964d\uff0c\u5176 TVL \u5728 2024 \u5e74\u8fd8\u662f\u589e\u957f\u4e86\u7ea6 770%\u00a0\u3002<\/p>\n<p>\u8fd9\u79cd\u589e\u957f\u662f\u7531\u4ee5\u4e0b\u56e0\u7d20\u63a8\u52a8\u7684\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u5148\u53d1\u4f18\u52bf<\/p>\n<\/li>\n<li>\n<p>\u5e7f\u6cdb\u7684 DeFi \u96c6\u6210<\/p>\n<\/li>\n<li>\n<p>\u4ea7\u54c1\u5957\u4ef6\u7684\u4fe1\u4efb<\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/03b9c1a760c1dda27a24083a4bf24354.jpg\"><\/p>\n<p>Lombard \u5728 BTC-Fi \u9886\u57df\u4e2d\u7684\u8868\u73b0\u5bc6\u5207\u53cd\u6620\u4e86 LST\/LRT \u9886\u57df\u7684\u8d8b\u52bf\uff0c\u5e02\u573a\u4efd\u989d\u7a33\u6b65\u4e0a\u5347\u81f3 49.5%\u00a0\u3002<\/p>\n<p>\u968f\u7740 Babylon \u7684\u6210\u719f\uff0c\u5bf9\u4f5c\u4e3a\u9996\u8981\u5b89\u5168\u8d44\u4ea7 BTC \u7684\u9700\u6c42\u5c06\u5448\u6307\u6570\u7ea7\u589e\u957f\uff0c\u5e76\u5e26\u6765 2 \u4e07\u4ebf\u7f8e\u5143\u7684\u5e02\u573a\u673a\u4f1a\u3002<\/p>\n<p><img decoding=\"async\" alt=\"DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250210\/54b4934e0a88bb56c4b0f2337779ee3c.jpg\"><\/p>\n<p>\u7531\u4e8e LBTC \u662f DeFi \u4e2d\u96c6\u6210\u5ea6\u6700\u9ad8\u3001\u4f7f\u7528\u6700\u5e7f\u6cdb\u4e14\u4ee5\u5b89\u5168\u4e3a\u91cd\u70b9\u7684 LRT\uff0c\u4f7f\u5f97 Lombard \u6210\u4e3a\u50cf stETH \u4e00\u6837\u83b7\u5f97\u673a\u6784\u4fe1\u4efb\u548c\u5e7f\u6cdb\u91c7\u7528\u7684\u9996\u8981\u8d44\u4ea7\u3002Lombard \u5c06\u5360\u636e\u884c\u4e1a\u4e3b\u5bfc\u5730\u4f4d\u3002<\/p>\n<p>\u603b\u800c\u8a00\u4e4b\uff0c\u5404 DeFi \u9886\u57df\u5f88\u660e\u663e\u5df2\u7ecf\u627e\u5230\u4e86\u81ea\u5df1\u7684 PMF\uff0c\u5f62\u6210\u4e00\u4e2a\u6574\u4f53\u7684\u751f\u6001\u76f8\u4e92\u8865\u5145\u3002\u8fd9\u662f\u98a0\u8986 CeFi \u7684\u65b0\u539f\u59cb\u96c6\uff08Primitive sets\uff09\u7684\u5d1b\u8d77\u3002<\/p>\n<p>\u968f\u7740 DeFi \u8fdb\u5165\u4e0b\u4e00\u4e2a\u6269\u5c55\u9636\u6bb5\uff0c\u5c06\u770b\u5230\u66f4\u591a\u65b0\u7684\u5782\u76f4\u9886\u57df\u5f15\u5165\u5c1a\u672a\u5f00\u53d1\u7684\u5e02\u573a\uff0c\u751a\u81f3\u96c6\u6210\u5230 CeFi \u4e2d\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>Ethena Labs\uff1a\u8ba1\u5212\u6574\u5408 TradFi \u652f\u4ed8<\/p>\n<\/li>\n<li>\n<p>Mantle\uff1aMantle Index Fund \u548c Mantle Banking \u5c06\u52a0\u5bc6\u8d27\u5e01\u4e0e TradFi \u6574\u5408<\/p>\n<\/li>\n<\/ul>\n<p>\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u673a\u6784\u5bf9 DeFi \u4ea7\u751f\u5174\u8da3\uff0c\u5982 BlackRock \u901a\u8fc7 BUIDL \u53c2\u4e0e DeFi\u3001WLFI \u7684 DeFi \u6295\u8d44\u7ec4\u5408\u548c\u73b0\u8d27 ETF\uff0c\u770b\u597d DeFi \u672a\u6765\u7684\u53d1\u5c55\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DeFi\u7ec6\u5206\u8d5b\u9053\u53d1\u5c55\u73b0\u72b6\uff1a\u6574\u4f53\u5448\u5be1\u5934\u5784\u65ad\u7ed3\u6784 \u539f\u6587\u4f5c\u8005\uff1aCheeezzyyyy \u539f\u6587\u7f16\u8bd1\uff1aFelix, PAN [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1336","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1336"}],"version-history":[{"count":1,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1336\/revisions"}],"predecessor-version":[{"id":3032,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1336\/revisions\/3032"}],"wp:attachment":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}