{"id":1594,"date":"2025-08-28T07:04:21","date_gmt":"2025-08-27T23:04:21","guid":{"rendered":"https:\/\/www.117store.com\/?p=1594"},"modified":"2025-08-28T07:04:21","modified_gmt":"2025-08-27T23:04:21","slug":"pantera-2025%e5%b1%95%e6%9c%9b%ef%bc%9a%e7%be%8e%e5%85%83%e9%93%be%e4%b8%8a%e5%8c%96%e5%a6%82%e4%bd%95%e9%87%8d%e5%a1%91%e5%85%a8%e7%90%83%e9%87%91%e8%9e%8d%e7%89%88%e5%9b%be%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.wxjqcz.com\/?p=1594","title":{"rendered":"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f"},"content":{"rendered":"<h1 class=\"art_tit\">Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f<\/h1>\n<div class=\"content_text\">\n<p>\u539f\u6587\u6807\u9898\uff1aThe Year Ahead In Crypto<\/p>\n<p>\u539f\u6587\u4f5c\u8005\uff1aPantera Capital<\/p>\n<p>\u539f\u6587\u7f16\u8bd1\uff1azhouzhou\uff0cBlockBeats<\/p>\n<p><strong>\u7f16\u8005\u6309\uff1a<\/strong>\u672c\u6587\u56f4\u7ed5\u533a\u5757\u94fe\u6280\u672f\uff0c\u5c24\u5176\u662f\u7a33\u5b9a\u5e01\u548c\u8d44\u4ea7\u4ee3\u5e01\u5316\uff0c\u6b63\u5728\u589e\u5f3a\u7f8e\u5143\u7684\u5168\u7403\u4e3b\u5bfc\u5730\u4f4d\u5c55\u5f00\u3002\u7f8e\u56fd\u6b63\u5728\u63a8\u8fdb\u7a33\u5b9a\u5e01\u7acb\u6cd5\uff0c\u9884\u8ba1\u5c06\u5728 2025 \u5e74\u53d6\u5f97\u8fdb\u5c55\u3002\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u4ee3\u5e01\u5316\u63a8\u52a8\u4e86 DeFi \u7684\u53d1\u5c55\uff0c\u4f7f\u4f20\u7edf\u8d44\u4ea7\u9010\u6b65\u878d\u5165\u533a\u5757\u94fe\uff0c\u5c06\u4e0d\u65ad\u589e\u5f3a\u7f8e\u5143\u5728\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u91cd\u8981\u6027\u3002<\/p>\n<p><strong>\u4ee5\u4e0b\u4e3a\u539f\u6587\u5185\u5bb9\uff08\u4e3a\u4fbf\u4e8e\u9605\u8bfb\u7406\u89e3\uff0c\u539f\u5185\u5bb9\u6709\u6240\u6574\u7f16\uff09\uff1a<\/strong><\/p>\n<h2 class=\"customstyle_text\">\u52a0\u5bc6\u8d27\u5e01\u8fdb\u5165\u4e3b\u6d41\u7684\u8def\u5f84\u662f\u4ec0\u4e48\u6837\u7684\uff1f<\/h3>\n<p>\u629b\u5f00\u55a7\u56a3\u4e0e\u6295\u673a\uff0c\u8fd9\u624d\u662f\u552f\u4e00\u91cd\u8981\u7684\u95ee\u9898\u3002\u4f5c\u4e3a\u6295\u8d44\u8005\uff0c\u6211\u4eec\u7684\u804c\u8d23\u5c31\u662f\u7ed8\u5236\u901a\u5f80\u666e\u53ca\u7684\u8def\u7ebf\u56fe\uff0c\u56e0\u4e3a\u53ea\u6709\u6cbf\u7740\u8fd9\u6761\u8def\uff0c\u6211\u4eec\u624d\u80fd\u627e\u5230\u4e0b\u4e00\u4e2a 100 \u500d\u7684\u6295\u8d44\u673a\u9047\u3002<\/p>\n<p>\u4f46\u6700\u4f18\u79c0\u7684\u98ce\u9669\u6295\u8d44\u4eba\u5e76\u4e0d\u9884\u6d4b\u672a\u6765\uff0c\u800c\u662f\u6e05\u6670\u5730\u770b\u900f\u5f53\u4e0b\u30022025 \u5e74\u5bf9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u6765\u8bf4\uff0c\u5c06\u662f\u4e00\u4e2a\u8f6c\u6298\u70b9\uff0c\u8fd9\u4e00\u70b9\u5df2\u7ecf\u6bcb\u5eb8\u7f6e\u7591\u3002<\/p>\n<p>\u60f3\u8c61\u4e00\u4e0b\uff0c\u5982\u679c\u6770\u592b\u00b7\u8d1d\u4f50\u65af\u56e0\u4e3a\u7f51\u4e0a\u5356\u4e66\u800c\u88ab\u6355\uff1b\u5982\u679c\u53f2\u8482\u592b\u00b7\u4e54\u5e03\u65af\u56e0\u4e3a\u63a8\u51fa App Store \u800c\u53d7\u5230\u5236\u88c1\uff1b\u6216\u8005\u5982\u679c\u9ec4\u4ec1\u52cb\u56e0\u4e3a\u300c\u963b\u65ad\u884c\u52a8\u300d\u5bfc\u81f4\u94f6\u884c\u8d26\u6237\u88ab\u5173\u95ed\u800c\u4e0d\u5f97\u4e0d\u5728\u7f8e\u56fd\u4ee5\u5916\u6784\u5efa\u82f1\u4f1f\u8fbe\u3002\u8fd9\u6b63\u662f\u6211\u4eec\u7684\u884c\u4e1a\u6b63\u5728\u8d70\u51fa\u7684\u300c\u7070\u8272\u5730\u5e26\u300d\u3002<\/p>\n<p>2025 \u5e74\u662f\u533a\u5757\u94fe\u5386\u53f2\u4e0a\u7b2c\u4e00\u6b21\uff0c\u4f01\u4e1a\u5bb6\u3001\u76d1\u7ba1\u673a\u6784\u548c\u653f\u7b56\u5236\u5b9a\u8005\u7ec8\u4e8e\u6709\u673a\u4f1a\u6253\u901a\u666e\u53ca\u7684\u9053\u8def\u3002\u9762\u5bf9\u8fd9\u6761\u7ec8\u4e8e\u7545\u901a\u7684\u9053\u8def\uff0c\u6211\u4eec\u56de\u5230\u6700\u521d\u7684\u95ee\u9898\uff1a\u901a\u5f80\u666e\u53ca\u7684\u8def\u4e0a\u4f1a\u6709\u4ec0\u4e48\uff1f\u4e0b\u4e00\u4e2a 100 \u500d\u751a\u81f3 1000 \u500d\u7684\u6295\u8d44\u673a\u4f1a\u4f1a\u5728\u54ea\u91cc\u51fa\u73b0\uff1f<\/p>\n<p>\u6b63\u5982\u300c\u793e\u4ea4\/\u672c\u5730\u5316\/\u79fb\u52a8\u5316\u300d\uff08SoLoMo\uff09\u5728 2010 \u5e74\u4ee3\u91ca\u653e\u4e86\u4e92\u8054\u7f51\u7684\u6f5c\u529b\uff0c\u00a02025 \u5e74\u5f00\u59cb\u7684\u4e09\u5927\u8d8b\u52bf\u6c47\u805a\uff0c\u5c06\u5f00\u542f\u52a0\u5bc6\u8d27\u5e01\u7684\u666e\u53ca\uff1a<\/p>\n<p>\u5165\u53e3\u2014\u2014\u5c06\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u63a5\u5165\u533a\u5757\u94fe\uff1b<\/p>\n<p>\u5f00\u53d1\u8005\u2014\u2014\u8ba9\u642d\u5efa\u4e92\u8054\u7f51\u539f\u751f\u7ecf\u6d4e\u5c42\u53d8\u5f97\u66f4\u7b80\u5355\uff1b<\/p>\n<p>\u5e94\u7528\u2014\u2014\u4e3a\u65e5\u5e38\u751f\u6d3b\u521b\u9020\u6709\u610f\u4e49\u7684\u5e94\u7528\u3002<\/p>\n<h3 class=\"customstyle_text\">\u5165\u53e3<\/h3>\n<p>\u8fc7\u53bb 50 \u5e74\uff0c\u534e\u5c14\u8857\u7ecf\u5386\u4e86\u4e00\u573a\u8f6f\u4ef6\u5347\u7ea7\uff0c\u4ece 20 \u4e16\u7eaa 70 \u5e74\u4ee3\u7684\u7535\u5b50\u4ea4\u6613\u5f15\u5165\uff0c\u5230\u5982\u4eca\u7684\u652f\u4ed8\u6570\u5b57\u5316\u3002\u8f6f\u4ef6\u6e17\u900f\u91d1\u878d\u4e1a\u7684\u7a33\u6b65\u53d1\u5c55\u6559\u4f1a\u4e86\u6211\u4eec\u4e00\u4ef6\u4e8b\uff1a\u6240\u6709\u91d1\u878d\u8d44\u4ea7\u6700\u7ec8\u90fd\u4f1a\u8fc1\u79fb\u5230\u6d41\u52a8\u6027\u66f4\u81ea\u7531\u3001\u4ea4\u6613\u6548\u7387\u66f4\u9ad8\u3001\u4ef7\u503c\u6700\u4f18\u5316\u7684\u5730\u65b9\u3002<\/p>\n<p>\u5982\u4eca\uff0c\u533a\u5757\u94fe\u7f51\u7edc\u5df2\u7ecf\u627f\u8f7d\u4e86 3 \u4e07\u4ebf\u7f8e\u5143\u7684\u52a0\u5bc6\u8d44\u4ea7\uff08\u5982\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u7b49\uff09\u4ee5\u53ca\u4e00\u5c0f\u90e8\u5206\u8d44\u4ea7\u652f\u6301\u7684\u4ee3\u5e01\uff08\u5982\u7f8e\u5143\u548c\u56fd\u503a\u7684\u4ee3\u5e01\u5316\uff09\u3002\u4f46\u5168\u7403\u5bb6\u5ead\u3001\u653f\u5e9c\u548c\u4f01\u4e1a\u6301\u6709\u7684\u91d1\u878d\u8d44\u4ea7\u603b\u989d\u8d85\u8fc7 1000 \u4e07\u4ebf\u7f8e\u5143\uff081 \u5343\u4e07\u4ebf\uff01\uff09\uff0c\u8fd9\u610f\u5473\u7740\u533a\u5757\u94fe\u8fd8\u6709 300 \u500d\u7684\u589e\u957f\u6f5c\u529b\u3002<\/p>\n<p>\u73b0\u5728\u6211\u4eec\u5904\u4e8e\u54ea\u4e2a\u9636\u6bb5\uff1f\u8fd8\u6ca1\u5f00\u5c40\uff0c\u9009\u624b\u751a\u81f3\u8fd8\u5728\u5927\u5df4\u4e0a\u3002\u5168\u7403\u8d44\u4ea7\u8d1f\u503a\u8868\u624d\u521a\u521a\u5f00\u59cb\u5411\u533a\u5757\u94fe\u8fc1\u79fb\u3002\u8981\u60f3\u6210\u529f\uff0c\u6211\u4eec\u9700\u8981\u4ece\u4f20\u7edf\u91d1\u878d\u7cfb\u7edf\u901a\u5411\u533a\u5757\u94fe\u7684\u5165\u53e3\u3002<\/p>\n<p>\u6211\u4eec\u5fc5\u987b\u6269\u5c55\u80fd\u591f\u6709\u6548\u63a5\u5165\u65b0\u7528\u6237\u548c\u73b0\u6709\u8d44\u4ea7\u7684\u5e73\u53f0\u3002\u4f8b\u5982\uff0c\u62c9\u7f8e\u5730\u533a\u7684 Bitso \u4f5c\u4e3a\u533a\u57df\u5165\u53e3\uff0c\u5df2\u7ecf\u7528\u533a\u5757\u94fe\u5904\u7406\u4e86\u8d85\u8fc7 10% \u7684\u7f8e\u58a8\u6c47\u6b3e\u3002\u50cf Ondo \u8fd9\u6837\u7684\u4ee3\u5e01\u5316\u5e73\u53f0\uff0c\u6b63\u5728\u4e0e\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\u548c\u8d1d\u83b1\u5fb7\u6b63\u9762\u4ea4\u950b\uff0c\u76ee\u6807\u662f\u5c06 20 \u4e07\u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u56fd\u503a\u5e26\u5230\u94fe\u4e0a\u3002<\/p>\n<p>\u52a0\u5bc6\u8d27\u5e01\u6b63\u50ac\u751f\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u5168\u7403\u8d44\u672c\u5e02\u573a\uff0c\u8fd9\u4e9b\u5e02\u573a\u7531\u5b9e\u65f6\u7ed3\u7b97\u548c\u65e0\u56fd\u754c\u6d41\u52a8\u6027\u63a8\u52a8\u3002\u7136\u800c\uff0c\u5168\u7403\u5e02\u573a\u9700\u8981\u5168\u7403\u4ea4\u6613\u573a\u6240\u3002\u50cf Figure \u548c Avantis \u8fd9\u6837\u7684\u4ea4\u6613\u6240\uff0c\u6b63\u5728\u5c06\u5168\u7403\u4f9b\u9700\u7ed3\u5408\u5728\u4e00\u8d77\uff0c\u540c\u65f6\u53d8\u9769\u5916\u6c47\u3001\u4fe1\u8d37\u548c\u8bc1\u5238\u5e02\u573a\u3002<\/p>\n<p>\u6700\u540e\uff0c\u6211\u4eec\u9700\u8981\u4e0e\u73b0\u6709\u7cfb\u7edf\u517c\u5bb9\u7684\u4ea7\u54c1\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u4e00\u4e2a\u5e73\u884c\u7684\u52a0\u5bc6\u5b87\u5b99\u3002\u8fd9\u4e9b\u4ea7\u54c1\u53ef\u80fd\u50cf Fordefi \u4e3a\u673a\u6784\u8bbe\u8ba1\u7684\u9ad8\u7ea7\u94b1\u5305\uff0c\u4e5f\u53ef\u80fd\u50cf TipLink \u90a3\u6837\uff0c\u4e3a\u666e\u901a\u7528\u6237\u63d0\u4f9b\u7b80\u5355\u6613\u7528\u7684\u652f\u4ed8\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n<p>\u6211\u4eec\u76f8\u4fe1\uff0c\u6709\u4e00\u5929\uff0c\u4f60\u7684\u51c0\u8d44\u4ea7\u5c06\u5728\u94fe\u4e0a\u6bd4\u94fe\u4e0b\u66f4\u6709\u4ef7\u503c\u3002\u4e00\u65e6\u8fc1\u79fb\u5230\u94fe\u4e0a\uff0c\u4f60\u7684\u8d22\u5bcc\u53ef\u4ee5\u77ac\u95f4\u6d41\u8f6c\u5168\u7403\uff0c\u4f4e\u6210\u672c\u4ea4\u6613\uff0c\u6446\u8131\u4e2d\u95f4\u5546\u8d39\u7528\uff0c\u5e76\u901a\u8fc7\u5168\u7403\u9700\u6c42\u5b9e\u73b0\u6700\u9ad8\u4ef7\u503c\u3002\u8fd9\u5c06\u662f\u4e0d\u53ef\u9006\u8f6c\u7684\u62d0\u70b9\u3002<\/p>\n<p><img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/c594046c24b6b587fc8a106da796657f.jpg\"><\/p>\n<h3 class=\"customstyle_text\">\u5f00\u53d1\u8005<\/h3>\n<p>\u76ee\u524d\u7ea6\u6709 10 \u4e07\u540d\u5f00\u53d1\u8005\u5728\u533a\u5757\u94fe\u4e0a\u8fdb\u884c\u5f00\u53d1\uff0c\u4ec5\u76f8\u5f53\u4e8e\u7845\u8c37\u67d0\u4e2a\u79d1\u6280\u5de8\u5934\u7684\u4e00\u534a\u3002\u8981\u5b9e\u73b0\u4e3b\u6d41\u666e\u53ca\uff0c\u6211\u4eec\u9700\u8981\u5c06\u8fd9\u4e2a\u6570\u5b57\u6269\u5927 100 \u500d\uff0c\u5c06 1000 \u4e07\u540d\u5f00\u53d1\u8005\u5f15\u5165\u533a\u5757\u94fe\u751f\u6001\u3002<\/p>\n<p>\u91ca\u653e\u533a\u5757\u94fe\u6280\u672f\u7684\u521b\u9020\u6f5c\u529b\u81f3\u5173\u91cd\u8981\u3002\u6b63\u5982\u66f4\u597d\u7684\u5de5\u5177\u5e2e\u52a9\u79fb\u52a8\u5f00\u53d1\u8005\u91ca\u653e\u4e86\u82f9\u679c App Store \u7684\u6f5c\u529b\u4e00\u6837\uff0c\u6211\u4eec\u9700\u8981\u80fd\u7b80\u5316\u94fe\u4e0a\u5e94\u7528\u6784\u5efa\u548c\u65b0\u4ea7\u54c1\u521b\u9020\u7684\u5de5\u5177\u3002<\/p>\n<p>\u5230 2025 \u5e74\uff0c\u533a\u5757\u94fe\u5f00\u53d1\u5de5\u5177\u6808\u5c06\u8fce\u6765\u91cd\u5927\u98de\u8dc3\u3002\u5173\u952e\u5728\u4e8e\u8ba9\u533a\u5757\u94fe\u672c\u8eab\u5bf9\u5f00\u53d1\u8005\u66f4\u52a0\u53cb\u597d\u3002\u50cf Arbitrum \u7684\u4e50\u89c2 Rollup \u6280\u672f\u4e3a\u52a0\u5bc6\u9886\u57df\u5e26\u6765\u4e86\u9996\u4e2a\u300c\u5bbd\u5e26\u65f6\u523b\u300d\uff0c\u4f46\u50cf Arbitrum Stylus \u8fd9\u6837\u7684\u5347\u7ea7\u53ef\u80fd\u4ea7\u751f\u66f4\u5927\u7684\u5f71\u54cd\u3002Stylus \u5141\u8bb8\u5f00\u53d1\u8005\u4f7f\u7528 C\u3001C  \u548c Rust \u7b49\u591a\u79cd\u4e3b\u8981\u7f16\u7a0b\u8bed\u8a00\u7f16\u5199\u667a\u80fd\u5408\u7ea6\uff0c\u4ece\u800c\u8ba9\u5168\u7403\u8d85 1000 \u4e07\u540d\u5f00\u53d1\u8005\u6709\u673a\u4f1a\u8fdb\u5165\u533a\u5757\u94fe\u5f00\u53d1\u9886\u57df\u3002<\/p>\n<p>\u96f6\u77e5\u8bc6\u6280\u672f\u66fe\u88ab\u89c6\u4e3a\u96be\u4ee5\u5b9e\u9645\u5f00\u53d1\u7684\u590d\u6742\u6280\u672f\u3002\u4f46\u50cf StarkWare \u5f00\u53d1\u5957\u4ef6\u8fd9\u6837\u7684\u65b0\u5de5\u5177\uff0c\u8ba9\u96f6\u77e5\u8bc6\u5b9e\u73b0\u53d8\u5f97\u524d\u6240\u672a\u6709\u7684\u7b80\u5355\u3002\u5982\u4eca\uff0c\u96f6\u77e5\u8bc6\u8bc1\u660e\u6280\u672f\u6b63\u5728\u4e3a\u8bf8\u5982 Freedom Tool \u8fd9\u6837\u7684\u4ea7\u54c1\u63d0\u4f9b\u652f\u6301\u3002Freedom Tool \u662f Rarimo \u5f00\u53d1\u7684\u533a\u5757\u94fe\u6295\u7968\u5de5\u5177\uff0c\u5df2\u5728\u4fc4\u7f57\u65af\u3001\u683c\u9c81\u5409\u4e9a\u548c\u4f0a\u6717\u6295\u5165\u4f7f\u7528\uff0c\u65e8\u5728\u63d0\u5347\u6c11\u4e3b\u53c2\u4e0e\u5ea6\u3002<\/p>\n<p>\u652f\u6301\u533a\u5757\u94fe\u5f00\u53d1\u7684\u5de5\u5177\u548c\u57fa\u7840\u8bbe\u65bd\u5c06\u5728\u63a8\u52a8\u884c\u4e1a\u8fdb\u6b65\u4e2d\u626e\u6f14\u91cd\u8981\u89d2\u8272\u3002\u50cf Alchemy \u8fd9\u6837\u7684\u5e73\u53f0\u6b63\u5728\u5e2e\u52a9\u5f00\u53d1\u8005\u5927\u89c4\u6a21\u6784\u5efa\u548c\u90e8\u7f72\u94fe\u4e0a\u5e94\u7528\u3002\u901a\u8fc7\u7b80\u5316\u5f00\u53d1\u6d41\u7a0b\uff0cAlchemy \u5df2\u5e2e\u52a9\u8bb8\u591a\u9879\u76ee\u53d6\u5f97\u6210\u529f\uff0c\u4ece\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u534f\u8bae\u5230\u6e38\u620f\u5e94\u7528\u4e0d\u7b49\u3002\u968f\u7740\u533a\u5757\u94fe\u751f\u6001\u7cfb\u7edf\u7684\u4e0d\u65ad\u6f14\u8fdb\uff0c\u8fd9\u4e9b\u5f00\u53d1\u8005\u5e73\u53f0\u5fc5\u987b\u4fdd\u6301\u5feb\u901f\u53d1\u5c55\uff0c\u4ee5\u4fbf\u5f00\u53d1\u8005\u7a81\u7834\u94fe\u4e0a\u5f00\u53d1\u7684\u754c\u9650\u3002<\/p>\n<p>\u5230 2025 \u5e74\uff0c\u591a\u94fe\u5b87\u5b99\u5c06\u6301\u7eed\u589e\u957f\uff0c\u751a\u81f3\u53ef\u80fd\u52a0\u901f\u53d1\u5c55\u3002\u968f\u7740\u5f00\u53d1\u8005\u9762\u4e34\u66f4\u590d\u6742\u7684\u6311\u6218\uff0c\u65b0\u533a\u5757\u94fe\u4e5f\u5e94\u8fd0\u800c\u751f\uff0c\u6bcf\u4e2a\u533a\u5757\u94fe\u5728\u8ba1\u7b97\u3001\u6267\u884c\u6216\u53bb\u4e2d\u5fc3\u5316\u7b49\u65b9\u9762\u5404\u6709\u6240\u957f\u3002\u4e3a\u4e86\u6ee1\u8db3\u6e38\u620f\u6216\u4ea4\u6613\u7b49\u7279\u5b9a\u7528\u4f8b\uff0c\u50cf B\u00a03 \u8fd9\u6837\u7684\u5e94\u7528\u4e13\u7528\u57fa\u7840\u8bbe\u65bd\u6b63\u5728\u5f62\u6210\u3002<\/p>\n<p>\u8fd9\u79cd\u94fe\u3001Layer 2 \u548c\u5e94\u7528\u94fe\u7684\u7206\u53d1\u5f0f\u589e\u957f\u9700\u8981\u65e0\u7f1d\u7684\u8fde\u63a5\u80fd\u529b\uff0c\u8de8\u94fe\u6d41\u52a8\u6027\u89e3\u51b3\u65b9\u6848\u5982 Everclear\uff0c\u4ee5\u53ca\u4e92\u64cd\u4f5c\u6027\u534f\u8bae\u5982 Omni\uff0c\u5c06\u89e3\u653e\u5f00\u53d1\u8005\u7684\u751f\u4ea7\u529b\uff0c\u8ba9\u4ed6\u4eec\u4e13\u6ce8\u4e8e\u6784\u5efa\u521b\u65b0\u7684\u5e94\u7528\u3002<\/p>\n<p>Web \u5f00\u53d1\u5df2\u7ecf\u4ece\u539f\u59cb\u7684\u7f16\u7801\u53d1\u5c55\u5230\u76f4\u89c2\u7684\u65e0\u4ee3\u7801\u89e3\u51b3\u65b9\u6848\uff0c\u5982\u4eca AI \u5f00\u59cb\u4e3b\u5bfc\u8fd9\u4e00\u9886\u57df\u3002\u6211\u4eec\u9884\u8ba1\u533a\u5757\u94fe\u5f00\u53d1\u4e5f\u5c06\u8fce\u6765\u7c7b\u4f3c\u7684\u8fdb\u5316\u3002\u6bcf\u4e00\u6b21\u6280\u672f\u8fdb\u6b65\u548c\u9762\u5411\u5f00\u53d1\u8005\u7684\u5de5\u5177\u6539\u8fdb\uff0c\u90fd\u5c06\u5438\u5f15\u65b0\u7684\u4eba\u624d\u6d6a\u6f6e\uff0c\u6700\u7ec8\u6784\u5efa\u94fe\u4e0a\u5e94\u7528\u6216\u8bb8\u4f1a\u50cf\u4e0e ChatGPT \u5bf9\u8bdd\u4e00\u6837\u7b80\u5355\u3002<img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/87bd35f6d7a194c4b72a2e22b3a60d5d.jpg\"><\/p>\n<h3 class=\"customstyle_text\">\u5e94\u7528\u7a0b\u5e8f<\/h3>\n<p>\u5f53\u524d\u6709\u591a\u5c11\u4eba\u4f7f\u7528\u533a\u5757\u94fe\uff1f<\/p>\n<p>\u636e\u5927\u591a\u6570\u4f30\u7b97\uff0c\u73b0\u6709\u94fe\u4e0a\u7528\u6237\u7ea6\u4e3a 8000 \u4e07\u3002\u5927\u90e8\u5206\u589e\u957f\u6e90\u81ea\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u300c\u534e\u5c14\u8857 2.0\u00a0\u300d\u7684\u5438\u5f15\u529b\u2014\u2014\u4e00\u4e2a\u5168\u65b0\u7684\u8d44\u672c\u52df\u96c6\u3001\u6295\u673a\u548c\u8f6c\u8d26\u573a\u6240\u3002\u4f46\u8981\u5b9e\u73b0 100 \u500d\u589e\u957f\uff0c\u8986\u76d6 80 \u4ebf\u4eba\uff0c\u5173\u952e\u5728\u4e8e\u4ece\u300c\u534e\u5c14\u8857\u300d\u8f6c\u5411\u300c\u4e3b\u8857\u300d\u3002<\/p>\n<p>2025 \u5e74\u53ef\u80fd\u662f\u52a0\u5bc6\u8d27\u5e01\u4e3b\u6d41\u666e\u53ca\u7684\u8f6c\u6298\u70b9\uff0c\u582a\u79f0\u533a\u5757\u94fe\u7684\u300cFarmVille \u65f6\u523b\u300d\u3002FarmVille \u662f Facebook \u9996\u6b3e\u793e\u4ea4\u6e38\u620f\u7206\u6b3e\uff0c\u63a8\u52a8\u4e86\u5e73\u53f0\u7528\u6237\u7684\u6307\u6570\u7ea7\u589e\u957f\uff0c\u5c06\u5176\u4ece\u4e00\u4e2a\u7167\u7247\u5206\u4eab\u5e94\u7528\u8f6c\u53d8\u4e3a\u5168\u7403\u6027\u5e73\u53f0\u3002<\/p>\n<p>\u52a0\u5bc6\u884c\u4e1a\u6b63\u5feb\u901f\u8fc8\u5411\u81ea\u5df1\u7684\u300cFarmVille \u65f6\u523b\u300d\u3002\u94fe\u4e0a\u529f\u80fd\u6b63\u878d\u5165\u65b0\u6e38\u620f\u548c\u793e\u4ea4\u5e94\u7528\u4e2d\u3002\u6e38\u620f\u5de5\u4f5c\u5ba4\u5982 InfiniGods \u901a\u8fc7\u5176\u4f11\u95f2\u624b\u673a\u6e38\u620f\u300aKing of Destiny\u300b\u5438\u5f15\u4e86\u5927\u91cf\u65b0\u7528\u6237\u3002\u8fc7\u53bb\u4e00\u5e74\uff0c\u8be5\u6e38\u620f\u7684\u5e94\u7528\u4e0b\u8f7d\u91cf\u5df2\u8d85\u8fc7 200 \u4e07\uff0c\u5c06\u66f4\u591a\u5728\u73a9\u300a\u7cd6\u679c\u4f20\u5947\u300b\u800c\u975e\u4f7f\u7528 Coinbase \u7684\u7528\u6237\u5f15\u5165\u94fe\u4e0a\u3002<\/p>\n<p>\u94fe\u4e0a\u6e38\u620f\u3001\u793e\u4ea4\u548c\u6536\u85cf\u54c1\u6d3b\u52a8\u5df2\u5360\u636e\u4eca\u65e5\u6d3b\u8dc3\u94b1\u5305\u7684\u7ea6 50%\u00a0\u3002\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7528\u6237\u53c2\u4e0e\u94fe\u4e0a\u5546\u4e1a\u6d3b\u52a8\uff0c\u533a\u5757\u94fe\u5bf9\u793e\u4f1a\u7684\u98a0\u8986\u5c06\u8fdc\u8d85\u91d1\u878d\u9886\u57df\u3002<\/p>\n<p>\u4e00\u7c7b\u300c\u751f\u4ea7\u578b\u300d\u5e94\u7528\u6b63\u5728\u63a8\u52a8\u4e00\u573a\u65b0\u7684\u5de5\u4e1a\u9769\u547d\uff0c\u516c\u53f8\u65f6\u4ee3\u6b63\u8ba9\u4f4d\u4e8e\u300c\u5de5\u4e1a\u7f51\u7edc\u300d\u7684\u5d1b\u8d77\u3002\u8fd9\u7c7b\u5e94\u7528\uff0c\u53c8\u79f0\u4e3a DePINs\uff0c\u4e13\u6ce8\u4e8e\u65e0\u7ebf\u8fde\u63a5\u3001\u8d85\u672c\u5730\u6570\u636e\u548c\u4eba\u529b\u8d44\u672c\u7b49\u5c1a\u672a\u88ab\u5145\u5206\u670d\u52a1\u7684\u5e02\u573a\u3002\u901a\u8fc7\u94fe\u4e0a\u534f\u8c03\u548c\u5e02\u573a\u9a71\u52a8\u673a\u5236\uff0cHivemapper \u7b49\u9879\u76ee\u6b63\u5728\u8fc5\u901f\u6269\u5c55\u3002\u4f5c\u4e3a\u4e00\u4e2a\u53bb\u4e2d\u5fc3\u5316\u5730\u56fe\u7f51\u7edc\uff0cHivemapper \u5728\u8d85\u8fc7 15 \u4e07\u540d\u8d21\u732e\u8005\u7684\u52aa\u529b\u4e0b\uff0c\u5df2\u7ed8\u5236\u4e86\u5168\u7403\u8d85\u8fc7 30% \u7684\u9053\u8def\uff0c\u5176\u6570\u636e\u6bd4\u8c37\u6b4c\u5730\u56fe\u66f4\u7cbe\u51c6\u3001\u66f4\u5b9e\u65f6\u3002<\/p>\n<p>\u8fd9\u4e9b\u300c\u751f\u4ea7\u578b\u300d\u5e94\u7528\u4e0d\u4ec5\u5728\u521b\u9020\u6536\u5165\uff0c\u8fd8\u5728\u5f00\u542f\u533a\u5757\u94fe\u7ecf\u6d4e\u7684\u65b0\u7bc7\u7ae0\u3002\u9884\u8ba1\u5230 2025 \u5e74\uff0cDePIN \u9886\u57df\u7684\u5e74\u6536\u5165\u5c06\u8d85\u8fc7 2024 \u5e74\u7684 5 \u4ebf\u7f8e\u5143\u3002\u8fd9\u79cd\u5de5\u4e1a\u7ea7\u7684\u73b0\u91d1\u6d41\u4e0d\u4ec5\u57fa\u4e8e\u5b9e\u9645\u6548\u7528\uff0c\u8fd8\u4e3a\u94fe\u4e0a\u7ecf\u6d4e\u63d0\u4f9b\u4e86\u5f3a\u5927\u7684\u5546\u4e1a\u5f15\u64ce\uff0c\u5f15\u5bfc\u65b0\u8d44\u672c\u6d41\u5165\u3002<\/p>\n<p>\u5982\u4f55\u89e6\u8fbe 80 \u4ebf\u7528\u6237\uff1f\u00a02025 \u5e74\u5c06\u89c1\u8bc1\u65b0\u7684\u5206\u53d1\u6a21\u5f0f\uff0c\u53ef\u5927\u89c4\u6a21\u89e6\u53ca\u6570\u4ebf\u6d88\u8d39\u8005\u3002\u52a0\u5bc6\u4ea4\u6613\u6240\u5982 Coinbase\u3001Kraken \u548c Binance \u6b63\u901a\u8fc7\u81ea\u5efa\u533a\u5757\u94fe\u5c06\u7528\u6237\u5f15\u5165\u94fe\u4e0a\u3002Telegram \u548c Sony \u5219\u5c06 Web3 \u529f\u80fd\u878d\u5165\u5176\u5e9e\u5927\u7684\u7528\u6237\u5e73\u53f0\u3002\u6e38\u620f\u516c\u53f8\u6b63\u4e3a\u7ecf\u5178\u6e38\u620f\u5982\u300a\u5192\u9669\u5c9b\u300b\u6dfb\u52a0\u94fe\u4e0a\u529f\u80fd\uff0c\u53ef\u80fd\u5438\u5f15\u6570\u767e\u4e07\u73a9\u5bb6\u56de\u5f52\u3002PayPal \u548c BlackRock \u7b49\u673a\u6784\u4e5f\u5728\u63a8\u51fa\u94fe\u4e0a\u91d1\u878d\u548c\u652f\u4ed8\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n<p>\u901a\u8fc7\u8fd9\u4e9b\u521b\u65b0\u7684\u5e94\u7528\u548c\u5206\u53d1\u6a21\u5f0f\uff0c\u52a0\u5bc6\u6280\u672f\u6b63\u9010\u6b65\u8d70\u5411\u4e3b\u6d41\uff0c\u91cd\u5851\u6211\u4eec\u5bf9\u7ecf\u6d4e\u4e0e\u6280\u672f\u7684\u8ba4\u77e5\u3002<img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/1d80daa5e7f7f3c5e2b1a5a86fdd5e1c.jpg\"><\/p>\n<p>2025 \u5e74\uff0c\u8fd9\u4e9b\u8d8b\u52bf\u7684\u6c47\u5408\u5c06\u5e26\u6765\u5173\u952e\u7684\u62d0\u70b9\u3002\u5f53\u666e\u901a\u4eba\u6bcf\u5468\u5e73\u5747\u6709\u7406\u7531\u82b1 60 \u5206\u949f\u5728\u94fe\u4e0a\u65f6\uff0c\u300c\u4e0a\u94fe\u300d\u5c06\u6210\u4e3a\u65b0\u7684\u300c\u4e0a\u7f51\u300d\u3002<\/p>\n<p>\u65e0\u9700\u4f9d\u8d56\u300c\u6740\u624b\u7ea7\u5e94\u7528\u300d\uff0c\u6b63\u5982\u6211\u4eec\u5728\u4e92\u8054\u7f51\u4e2d\u5207\u6362\u5e94\u7528\uff0c\u4eba\u4eec\u5c06\u56e0\u4e3a\u5a31\u4e50\u3001\u793e\u4ea4\u6216\u8d5a\u94b1\u7b49\u591a\u79cd\u539f\u56e0\u82b1\u65f6\u95f4\u5728\u94fe\u4e0a\u3002\u5c4a\u65f6\uff0c\u94fe\u4e0a\u7ecf\u6d4e\u5c06\u9010\u6b65\u878d\u5165\u6211\u4eec\u7684\u65e5\u5e38\u751f\u6d3b\u3002<\/p>\n<p><img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/411d81bd0ab09489ff240dc798daece6.jpg\"><\/p>\n<h2 class=\"customstyle_text\">\u4e0a\u5347\u8d8b\u52bf<\/h3>\n<p>\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff08\u4e0d\u5305\u62ec\u7a33\u5b9a\u5e01\uff09\u5c06\u5360\u94fe\u4e0a TVL \u7684 30%\u00a0\uff08\u76ee\u524d\u4e3a 15%\u00a0\uff09<\/p>\n<p>2024 \u5e74\uff0c\u94fe\u4e0a\u7684 RWA \u589e\u52a0\u4e86 60% \u4ee5\u4e0a\uff0c\u8fbe\u5230\u4e86 137 \u4ebf\u7f8e\u5143\u3002\u5927\u7ea6 70% \u7684 RWA \u662f\u79c1\u4eba\u4fe1\u8d37\uff0c\u5176\u4f59\u5927\u90e8\u5206\u662f\u7f8e\u56fd\u56fd\u503a\u548c\u5546\u54c1\u3002\u8fd9\u4e9b\u7c7b\u522b\u7684\u8d44\u91d1\u6d41\u5165\u6b63\u5728\u52a0\u901f\uff0c\u00a02025 \u5e74\u53ef\u80fd\u4f1a\u63a8\u51fa\u66f4\u590d\u6742\u7684 RWA\u3002<\/p>\n<p>\u9996\u5148\uff0c\u79c1\u4eba\u4fe1\u8d37\u56e0\u57fa\u7840\u8bbe\u65bd\u7684\u6539\u5584\u800c\u52a0\u901f\u589e\u957f\u3002Figure \u51e0\u4e4e\u5360\u636e\u4e86\u6240\u6709\u8fd9\u4e00\u90e8\u5206\uff0c\u00a02024 \u5e74\u589e\u52a0\u4e86\u8fd1 40 \u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\u3002\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u516c\u53f8\u8fdb\u5165\u8fd9\u4e2a\u9886\u57df\uff0c\u4f7f\u7528\u79c1\u4eba\u4fe1\u8d37\u5c06\u53d8\u5f97\u66f4\u52a0\u5bb9\u6613\uff0c\u4ece\u800c\u5c06\u8d44\u91d1\u8f6c\u79fb\u5230\u52a0\u5bc6\u8d27\u5e01\u4e2d\u3002<\/p>\n<p>\u5176\u6b21\uff0c\u6709\u6570\u4e07\u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u56fd\u503a\u548c\u5546\u54c1\u672a\u4e0a\u94fe\u3002\u94fe\u4e0a\u53ea\u6709 27 \u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u56fd\u503a\uff0c\u800c\u5b83\u4eec\u80fd\u591f\u4ea7\u751f\u6536\u76ca\uff08\u4e0e\u7a33\u5b9a\u5e01\u4e0d\u540c\uff0c\u7a33\u5b9a\u5e01\u8ba9\u53d1\u884c\u8005\u80fd\u591f\u8d5a\u53d6\u5229\u606f\uff09\uff0c\u4f7f\u5176\u6210\u4e3a\u6bd4\u7a33\u5b9a\u5e01\u66f4\u5177\u5438\u5f15\u529b\u7684\u66ff\u4ee3\u54c1\u3002Blackrock \u7684 BUIDL \u7f8e\u56fd\u56fd\u503a\u57fa\u91d1\u94fe\u4e0a\u53ea\u6709 5 \u4ebf\u7f8e\u5143\uff0c\u800c\u5b83\u5728\u94fe\u4e0b\u62e5\u6709\u6570\u767e\u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u56fd\u503a\u3002\u73b0\u5728\uff0cDeFi \u57fa\u7840\u8bbe\u65bd\u5df2\u5168\u9762\u63a5\u53d7\u7a33\u5b9a\u5e01\u548c\u7f8e\u56fd\u56fd\u503a RWA\uff08\u5c06\u5b83\u4eec\u96c6\u6210\u5230 DeFi \u6c60\u3001\u501f\u8d37\u5e02\u573a\u548c\u6c38\u7eed\u5408\u7ea6\u4e2d\uff09\uff0c\u91c7\u7528\u8fd9\u4e9b\u8d44\u4ea7\u7684\u96be\u5ea6\u5927\u5927\u964d\u4f4e\uff0c\u5546\u54c1\u4e5f\u662f\u5982\u6b64\u3002<\/p>\n<p>\u6700\u540e\uff0c\u76ee\u524d RWA \u7684\u8303\u56f4\u4ec5\u9650\u4e8e\u8fd9\u4e9b\u57fa\u672c\u4ea7\u54c1\u3002\u94f8\u9020\u548c\u7ef4\u62a4 RWA \u534f\u8bae\u7684\u57fa\u7840\u8bbe\u65bd\u5927\u5927\u7b80\u5316\uff0c\u8fd0\u8425\u5546\u5bf9\u94fe\u4e0a\u64cd\u4f5c\u7684\u98ce\u9669\u548c\u9002\u5f53\u7684\u7f13\u89e3\u63aa\u65bd\u6709\u4e86\u66f4\u597d\u7684\u7406\u89e3\u3002\u73b0\u5728\u6709\u4e13\u95e8\u7684\u516c\u53f8\u7ba1\u7406\u94b1\u5305\u3001\u94f8\u5e01\u673a\u5236\u3001Sybil \u611f\u77e5\u3001\u52a0\u5bc6\u65b0\u94f6\u884c\u7b49\uff0c\u8fd9\u610f\u5473\u7740\u53ef\u80fd\u7ec8\u4e8e\u80fd\u591f\u5c06\u80a1\u7968\u3001ETF\u3001\u503a\u5238\u548c\u5176\u4ed6\u66f4\u590d\u6742\u7684\u91d1\u878d\u4ea7\u54c1\u5e26\u5165\u94fe\u4e0a\u30022025 \u5e74\uff0c\u8fd9\u4e9b\u8d8b\u52bf\u5c06\u52a0\u901f RWA \u7684\u4f7f\u7528\u3002<\/p>\n<h3 class=\"customstyle_text\">\u91d1\u878d\u79d1\u6280\u6210\u4e3a\u52a0\u5bc6\u8d27\u5e01\u7684\u5165\u53e3<\/h3>\n<p>TON\u3001Venmo\u3001PayPal \u548c WhatsApp \u5df2\u7ecf\u770b\u5230\u52a0\u5bc6\u8d27\u5e01\u7684\u589e\u957f\uff0c\u56e0\u4e3a\u5b83\u4eec\u7684\u4e2d\u7acb\u6027\u3002\u5b83\u4eec\u662f\u7528\u6237\u53ef\u4ee5\u4e0e\u52a0\u5bc6\u8d27\u5e01\u4e92\u52a8\u7684\u5165\u53e3\uff0c\u4f46\u5e76\u4e0d\u63a8\u9500\u7279\u5b9a\u7684\u5e94\u7528\u6216\u534f\u8bae\uff1b\u5b9e\u9645\u4e0a\uff0c\u5b83\u4eec\u53ef\u4ee5\u4f5c\u4e3a\u7b80\u5316\u7684\u8fdb\u5165\u52a0\u5bc6\u8d27\u5e01\u7684\u901a\u9053\u3002\u5b83\u4eec\u5438\u5f15\u4e0d\u540c\u7684\u7528\u6237\u7fa4\u4f53\uff1aTON \u4e3a\u73b0\u6709\u7684 9.5 \u4ebf Telegram \u7528\u6237\u63d0\u4f9b\u670d\u52a1\uff0cVenmo \u548c PayPal \u4e3a\u5404\u81ea\u7684 5 \u4ebf\u652f\u4ed8\u7528\u6237\u63d0\u4f9b\u670d\u52a1\uff0c\u800c WhatsApp \u5219\u5438\u5f15\u5176 29.5 \u4ebf\u6708\u6d3b\u8dc3\u7528\u6237\u3002<\/p>\n<p>Felix \u662f\u4e00\u4e2a\u5728 WhatsApp \u4e0a\u8fd0\u884c\u7684\u5e94\u7528\uff0c\u5141\u8bb8\u7528\u6237\u901a\u8fc7\u6d88\u606f\u5373\u65f6\u8f6c\u8d26\uff0c\u53ef\u4ee5\u662f\u6570\u5b57\u8f6c\u8d26\uff0c\u4e5f\u53ef\u4ee5\u5728\u5408\u4f5c\u4f19\u4f34\u5730\u70b9\uff08\u5982 7-Eleven\uff09\u9886\u53d6\u73b0\u91d1\u3002\u80cc\u540e\u4f7f\u7528\u4e86\u7a33\u5b9a\u5e01\u548c\u57fa\u4e8e Stellar \u7684 Bitso\u3002\u7528\u6237\u73b0\u5728\u53ef\u4ee5\u901a\u8fc7 MetaMask \u4f7f\u7528 Venmo \u8d2d\u4e70\u52a0\u5bc6\u8d27\u5e01\uff0cStripe \u6536\u8d2d\u4e86 Bridge\uff08\u4e00\u5bb6\u7a33\u5b9a\u5e01\u516c\u53f8\uff09\uff0cRobinhood \u6536\u8d2d\u4e86 Bitstamp\uff08\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\uff09\u3002<\/p>\n<p>\u65e0\u8bba\u662f\u51fa\u4e8e\u6545\u610f\u8fd8\u662f\u56e0\u4e3a\u80fd\u591f\u652f\u6301\u7b2c\u4e09\u65b9\u5e94\u7528\uff0c\u6bcf\u4e2a\u91d1\u878d\u79d1\u6280\u516c\u53f8\u90fd\u5c06\u6210\u4e3a\u52a0\u5bc6\u8d27\u5e01\u7684\u5165\u53e3\u3002\u91d1\u878d\u79d1\u6280\u516c\u53f8\u5c06\u8d8a\u6765\u8d8a\u666e\u904d\uff0c\u53ef\u80fd\u4f1a\u4e0e\u4e00\u4e9b\u8f83\u5c0f\u7684\u96c6\u4e2d\u5f0f\u4ea4\u6613\u6240\u7ade\u4e89\u52a0\u5bc6\u8d27\u5e01\u6301\u6709\u91cf\u3002<\/p>\n<h3 class=\"customstyle_text\">NFT \u7684\u590d\u5174\uff0c\u4f46\u4ee5\u5e94\u7528\u7279\u5b9a\u7684\u65b9\u5f0f<\/h3>\n<p>NFT \u6700\u521d\u662f\u4f5c\u4e3a\u52a0\u5bc6\u8d27\u5e01\u4e2d\u7684\u4e00\u79cd\u5de5\u5177\uff0c\u800c\u4e0d\u662f\u76ee\u7684\u672c\u8eab\u3002\u73b0\u5728\uff0cNFT \u88ab\u7528\u4f5c\u94fe\u4e0a\u6e38\u620f\u3001AI\uff08\u7528\u4e8e\u4ea4\u6613\u6a21\u578b\u6240\u6709\u6743\uff09\u3001\u8eab\u4efd\u548c\u6d88\u8d39\u5e94\u7528\u4e2d\u7684\u5de5\u5177\u3002<\/p>\n<p>Blackbird \u662f\u4e00\u6b3e\u9910\u5385\u5956\u52b1\u5e94\u7528\uff0c\u5b83\u5c06 NFT \u96c6\u6210\u5230\u987e\u5ba2\u8eab\u4efd\u9a8c\u8bc1\u4e2d\uff0c\u901a\u8fc7\u5c06\u5f00\u653e\u3001\u6d41\u52a8\u548c\u53ef\u8bc6\u522b\u7684\u533a\u5757\u94fe\u4e0e\u9910\u5385\u8fde\u63a5\uff0c\u63d0\u4f9b\u6d88\u8d39\u884c\u4e3a\u6570\u636e\uff0c\u5e76\u8f7b\u677e\u4e3a\u987e\u5ba2\u521b\u5efa\/\u94f8\u9020\u8ba2\u9605\u3001\u4f1a\u5458\u8d44\u683c\u548c\u6298\u6263\u3002<\/p>\n<p>Sofamon \u521b\u5efa\u4e86 Web3 \u7248\u7684\u6bd4\u83ab\u5409\uff08\u5373 NFT\uff09\uff0c\u79f0\u4e3a\u53ef\u7a7f\u6234\u7269\uff0c\u89e3\u9501\u4e86\u8868\u60c5\u7b26\u53f7\u5e02\u573a\u7684\u91d1\u878d\u5c42\u3002\u4ed6\u4eec\u8ba4\u8bc6\u5230\u94fe\u4e0a\u77e5\u8bc6\u4ea7\u6743\u7684\u65e5\u76ca\u91cd\u8981\u6027\uff0c\u5e76\u901a\u8fc7\u4e0e\u9876\u7ea7 KOL \u548c K-pop \u660e\u661f\u5408\u4f5c\uff0c\u6253\u51fb\u6570\u5b57\u5047\u5192\u3002Story Protocol \u6700\u8fd1\u4ee5 22.5 \u4ebf\u7f8e\u5143\u7684\u4f30\u503c\u7b79\u96c6\u4e86 8000 \u4e07\u7f8e\u5143\uff0c\u65e8\u5728\u5c06\u4e16\u754c\u77e5\u8bc6\u4ea7\u6743\u8fdb\u884c\u4ee3\u5e01\u5316\uff0c\u628a\u539f\u521b\u6027\u4f5c\u4e3a\u521b\u610f\u63a2\u7d22\u548c\u521b\u4f5c\u8005\u7684\u6838\u5fc3\u3002\u745e\u58eb\u5962\u4f88\u54c1\u724c IWC \u63a8\u51fa\u4e86\u4e00\u79cd\u4f1a\u5458 NFT\uff0c\u8d2d\u4e70\u540e\u53ef\u4ee5\u8fdb\u5165\u72ec\u5bb6\u793e\u533a\u548c\u6d3b\u52a8\u3002<\/p>\n<p>NFT \u53ef\u4ee5\u7528\u4e8e ID \u4ea4\u6613\u3001\u8f6c\u8ba9\u3001\u6240\u6709\u6743\u548c\u4f1a\u5458\u8d44\u683c\uff0c\u4f46\u4e5f\u53ef\u4ee5\u7528\u4e8e\u4ee3\u8868\u548c\u4f30\u503c\u8d44\u4ea7\uff0c\u4ece\u800c\u5e26\u6765\u8d27\u5e01\u5316\u3001\u751a\u81f3\u6295\u673a\u6027\u7684\u589e\u957f\u3002\u8fd9\u79cd\u7075\u6d3b\u6027\u8d4b\u4e88\u4e86 NFT \u5de8\u5927\u7684\u6f5c\u529b\uff0c\u5176\u5e94\u7528\u573a\u666f\u5c06\u4e0d\u65ad\u589e\u52a0\u3002<\/p>\n<h3 class=\"customstyle_text\">Restaking \u7684\u63a8\u51fa<\/h3>\n<p>2025 \u5e74\uff0c\u50cf EigenLayer\u3001Symbiotic \u548c Karak \u8fd9\u6837\u7684 restaking \u534f\u8bae\u5c06\u6700\u7ec8\u63a8\u51fa\u4e3b\u7f51\uff0c\u652f\u4ed8\u8fd0\u8425\u5546\u6765\u81ea AVS \u548c\u60e9\u7f5a\u7684\u5956\u52b1\u3002\u4eca\u5e74\uff0crestaking \u7684\u5173\u6ce8\u5ea6\u6709\u6240\u4e0b\u964d\u3002<\/p>\n<p>restaking \u534f\u8bae\u901a\u8fc7\u66f4\u591a\u7f51\u7edc\u7684\u4f7f\u7528\u800c\u83b7\u5f97\u5f3a\u5927\u529b\u91cf\u3002\u5982\u679c\u534f\u8bae\u4f7f\u7528\u7684\u57fa\u7840\u8bbe\u65bd\u7531\u7279\u5b9a\u7684 restaking \u534f\u8bae\u63d0\u4f9b\u652f\u6301\uff0c\u5373\u4f7f\u8fd9\u79cd\u652f\u6301\u4e0d\u662f\u76f4\u63a5\u7684\uff0c\u5b83\u4e5f\u80fd\u4ece\u4e2d\u83b7\u5f97\u4ef7\u503c\u3002\u6b63\u662f\u901a\u8fc7\u8fd9\u79cd\u529b\u91cf\uff0c\u534f\u8bae\u53ef\u4ee5\u5931\u53bb\u76f8\u5173\u6027\uff0c\u4f46\u4ecd\u7136\u4fdd\u6301\u5de8\u5927\u7684\u4f30\u503c\u3002\u6211\u4eec\u8ba4\u4e3a restaking \u4ecd\u7136\u662f\u4e00\u4e2a\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u5e02\u573a\uff0c\u968f\u7740\u66f4\u591a\u5e94\u7528\u53d8\u4e3a\u5e94\u7528\u94fe\uff0c\u5b83\u4eec\u5c06\u5229\u7528 restaking \u534f\u8bae\u6216\u57fa\u4e8e restaking \u534f\u8bae\u7684\u5176\u4ed6\u534f\u8bae\u3002<\/p>\n<h3 class=\"customstyle_text\">\u76d1\u7ba1\u652f\u6301<\/h3>\n<p>\u7f8e\u56fd\u7684\u76d1\u7ba1\u73af\u5883\u9996\u6b21\u4f3c\u4e4e\u5bf9\u52a0\u5bc6\u8d27\u5e01\u6301\u79ef\u6781\u6001\u5ea6\u3002278 \u4f4d\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684\u4f17\u8bae\u9662\u5019\u9009\u4eba\u5f53\u9009\uff0c\u800c\u53cd\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u5019\u9009\u4eba\u53ea\u6709 122 \u4f4d\u3002\u53cd\u52a0\u5bc6\u8d27\u5e01\u7684\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4e3b\u5e2d Gary Gensler \u5ba3\u5e03\u5c06\u5728 1 \u6708\u8f9e\u804c\u3002\u636e\u62a5\u9053\uff0c\u7279\u6717\u666e\u8ba1\u5212\u63d0\u540d Paul Atkins \u9886\u5bfc\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff0c\u4ed6\u66fe\u662f SEC \u7684\u59d4\u5458\uff0c\u5e76\u516c\u5f00\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\uff0c\u5e76\u62c5\u4efb\u6570\u5b57\u8d27\u5e01\u5546\u4f1a\u7684\u987e\u95ee\u3002\u7279\u6717\u666e\u8fd8\u63d0\u540d\u4e86 David Sacks \u62c5\u4efb\u300cAI \u4e0e\u52a0\u5bc6\u8d27\u5e01\u6c99\u7687\u300d\u4e00\u804c\u3002\u7279\u6717\u666e\u5728\u516c\u544a\u4e2d\u8868\u793a\uff1a\u300cDavid Sacks \u5c06\u81f4\u529b\u4e8e\u5236\u5b9a\u6cd5\u5f8b\u6846\u67b6\uff0c\u4ee5\u4fbf\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u83b7\u5f97\u5b83\u4e00\u76f4\u8981\u6c42\u7684\u660e\u786e\u6027\u3002\u300d<\/p>\n<p>\u6211\u4eec\u5e0c\u671b\u770b\u5230 SEC \u8bc9\u8bbc\u7684\u51cf\u5c11\uff0c\u5bf9\u52a0\u5bc6\u8d27\u5e01\u4f5c\u4e3a\u7279\u5b9a\u8d44\u4ea7\u7c7b\u522b\u7684\u6e05\u6670\u5b9a\u4e49\uff0c\u4ee5\u53ca\u7a0e\u6536\u8003\u8651\u3002<\/p>\n<h2 class=\"customstyle_text\">\n<p>\u6211\u4eec\u76f8\u4fe1\uff0c\u8fd9\u4e00\u8d8b\u52bf\u7684\u9006\u8f6c\u8feb\u5728\u7709\u776b\uff0c\u8bbd\u523a\u7684\u662f\uff0c\u8fd9\u4e00\u8f6c\u53d8\u7684\u63a8\u52a8\u529b\u6b63\u662f\u4e94\u5e74\u524d\u5927\u591a\u6570\u7f8e\u56fd\u653f\u7b56\u5236\u5b9a\u8005\u548c\u4e2d\u592e\u94f6\u884c\u5bb6\u8ba4\u4e3a\u4f1a\u52a0\u901f\u7f8e\u5143\u8870\u9000\u7684\u56e0\u7d20\uff1a\u533a\u5757\u94fe\u6280\u672f\u548c\u4ee3\u5e01\u5316\u3002\u66fe\u88ab\u89c6\u4e3a\u6f5c\u5728\u7834\u574f\u7f8e\u5143\u5730\u4f4d\u7684\u6280\u672f\uff0c\u5982\u4eca\u6b63\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u7f8e\u5143\u7684\u6700\u5927\u52a9\u529b\u8005\u3002<\/p>\n<p>\u300c\u6700\u5177\u8bbd\u523a\u610f\u5473\u7684\u7ed3\u679c\u662f\u6700\u53ef\u80fd\u53d1\u751f\u7684\u3002\u300d\u2014\u2014\u57c3\u9686\u00b7\u9a6c\u65af\u514b<\/p>\n<h3 class=\"customstyle_text\">\n<p>\u524d 20 \u4e2a\u6cd5\u5b9a\u8d27\u5e01\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u4e2d\uff0c\u6709 16 \u4e2a\u5728\u5176\u540d\u79f0\u4e2d\u5305\u542b\u300cUSD\u300d\u3002<img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/f44a294907cd4937cbbe92361e12609a.jpg\"><\/p>\n<p>\u533a\u5757\u94fe\u7684\u6574\u4f53\u8ba4\u77e5\u5728\u5176 16 \u5e74\u7684\u53d1\u5c55\u8fc7\u7a0b\u4e2d\u53d8\u5316\u4e0d\u5927\u3002\u6bd4\u7279\u5e01\u6700\u521d\u7684\u652f\u6301\u8005\u786e\u5b9e\u770b\u5230\u4e86\u52a0\u5bc6\u8d27\u5e01\u6311\u6218\u7f8e\u5143\u4e3b\u5bfc\u5730\u4f4d\u7684\u6f5c\u529b\u3002\u8fd1\u5e74\u6765\uff0c\u6bd4\u7279\u5e01\u8d8a\u6765\u8d8a\u88ab\u89c6\u4e3a\u8d22\u5bcc\u5b58\u50a8\u5de5\u5177\uff0c\u800c\u975e\u4ea4\u6362\u5a92\u4ecb\uff0c\u8fd9\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u51cf\u5c11\u4e86\u5b83\u5bf9\u7f8e\u5143\u7684\u5a01\u80c1\u3002\u7a33\u5b9a\u5e01\u548c\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u73b0\u8c61\u4f7f\u5f97\u533a\u5757\u94fe\u80fd\u591f\u5b9e\u73b0\u6bd4\u7279\u5e01\u6700\u521d\u7684\u627f\u8bfa\uff0c\u901a\u8fc7\u63d0\u4f9b\u4e00\u79cd\u5177\u6709\u7a33\u5b9a\u6027\u5e76\u6700\u7ec8\u4ea7\u751f\u6536\u76ca\u7684\u4ea4\u6362\u624b\u6bb5\u3002\u7a33\u5b9a\u5e01\u7684\u5d1b\u8d77\uff0c\u4e0d\u662f\u524a\u5f31\u7f8e\u5143\u7684\u76f8\u5173\u6027\uff0c\u800c\u662f\u653e\u5927\u4e86\u5b83\u7684\u4f5c\u7528\u3002<\/p>\n<h3 class=\"customstyle_text\">\u65b0\u5174\u5e02\u573a<\/h3>\n<p>\u5728\u65b0\u5174\u5e02\u573a\uff0c\u7f8e\u5143\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u4e3a\u6301\u6709\u73b0\u91d1\u6216\u4f9d\u8d56\u8106\u5f31\u94f6\u884c\u7cfb\u7edf\u63d0\u4f9b\u4e86\u4e00\u4e2a\u5b9e\u9645\u7684\u66ff\u4ee3\u65b9\u6848\u3002\u5f53\u6d88\u8d39\u8005\u548c\u5546\u5bb6\u6709\u9009\u62e9\u65f6\uff0c\u5904\u4e8e\u4e0d\u7a33\u5b9a\u8d27\u5e01\u73af\u5883\u4e2d\u7684\u56fd\u5bb6\u5c06\u8d8a\u6765\u8d8a\u503e\u5411\u4e8e\u9009\u62e9\u6570\u5b57\u7f8e\u5143\u7684\u7a33\u5b9a\u6027\u3002\u5728 Castle Island \u548c Brevan Howard \u7684\u62a5\u544a\u4e2d\uff0c\u4ed6\u4eec\u53d1\u5e03\u4e86\u65b0\u5174\u5e02\u573a\u4e2d\u73b0\u6709\u52a0\u5bc6\u8d27\u5e01\u7528\u6237\u7684\u8c03\u67e5\u7ed3\u679c\u3002\u4e00\u4e2a\u5173\u952e\u7684\u7ed3\u8bba\u662f\uff1a\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u7684\u50a8\u84c4\u662f\u63a8\u52a8\u65b0\u5174\u5e02\u573a\u7684\u4e00\u4e2a\u91cd\u8981\u56e0\u7d20\u3002<\/p>\n<p>47% \u7684\u53d7\u8bbf\u8005\u8868\u793a\uff0c\u4ed6\u4eec\u4f7f\u7528\u7a33\u5b9a\u5e01\u7684\u4e3b\u8981\u76ee\u7684\u662f\u50a8\u84c4\u7f8e\u5143\uff08\u8fd9\u63a5\u8fd1 50% \u7684\u4eba\u8868\u793a\u4ed6\u4eec\u4e3b\u8981\u7528\u7a33\u5b9a\u5e01\u4ea4\u6613\u52a0\u5bc6\u8d27\u5e01\u6216 NFTs\uff09\u3002<\/p>\n<p>69% \u7684\u53d7\u8bbf\u8005\u5c06\u672c\u56fd\u8d27\u5e01\u5151\u6362\u4e3a\u7a33\u5b9a\u5e01\uff0c\u800c\u4e0d\u662f\u7528\u4e8e\u4ea4\u6613\u3002<\/p>\n<p>72% \u7684\u53d7\u8bbf\u8005\u8868\u793a\uff0c\u9884\u8ba1\u672a\u6765\u4f1a\u589e\u52a0\u4f7f\u7528\u7a33\u5b9a\u5e01\u7684\u9891\u7387\u3002<\/p>\n<p>\u6ce8\uff1a\u8c03\u67e5\u56fd\u5bb6\u5305\u62ec\u5c3c\u65e5\u5229\u4e9a\u3001\u5370\u5ea6\u5c3c\u897f\u4e9a\u3001\u571f\u8033\u5176\u3001\u5df4\u897f\u548c\u5370\u5ea6<\/p>\n<p>\u65e0\u8bba\u7528\u6237\u662f\u5c0f\u989d\u4f59\u989d\u6301\u6709\u8005\u8fd8\u662f\u8de8\u56fd\u516c\u53f8\uff0c\u7f8e\u5143\u90fd\u53ef\u80fd\u6324\u5360\u5176\u4ed6\u5730\u65b9\u8d27\u5e01\u7684\u5730\u4f4d\uff0c\u56e0\u4e3a\u7ecf\u6d4e\u4e3b\u4f53\u8d8b\u5411\u9009\u62e9\u6700\u5b89\u5168\u3001\u6700\u5177\u6d41\u52a8\u6027\u7684\u9009\u62e9\u3002<\/p>\n<h3 class=\"customstyle_text\">2025 \u5e74\u7a33\u5b9a\u5e01\u7acb\u6cd5\uff1f<\/h3>\n<p>\u7acb\u6cd5\u52bf\u5934\u6b63\u5728\u589e\u5f3a\uff0c\u9884\u8ba1\u7279\u6717\u666e\u653f\u5e9c\u671f\u95f4\u5c06\u901a\u8fc7\u4ee5\u7a33\u5b9a\u5e01\u4e3a\u91cd\u70b9\u7684\u6cd5\u89c4\u3002\u5e15\u7279\u91cc\u514b\u00b7\u9ea6\u514b\u4ea8\u5229\uff08Patrick McHenry\uff09\u7684\u7a33\u5b9a\u5e01\u6cd5\u6848\u83b7\u5f97\u4e86\u4e24\u515a\u652f\u6301\uff0c\u8be5\u6cd5\u6848\u6700\u521d\u4e8e 2023 \u5e74\u63d0\u51fa\uff0c\u6700\u8fd1\u7531\u4f17\u8bae\u5458\u9a6c\u514b\u8f9b\u00b7\u6c83\u7279\u65af\uff08Maxine Waters\uff09\u63d0\u4ea4\u5230\u4f17\u8bae\u9662\u3002\u7a33\u5b9a\u5e01\u7acb\u6cd5\u957f\u671f\u4ee5\u6765\u88ab\u89c6\u4e3a\u5b9e\u73b0\u7f8e\u56fd\u76d1\u7ba1\u900f\u660e\u7684\u7b2c\u4e00\u6b65\u3002\u6211\u4eec\u76f8\u4fe1\u5728 2025 \u5e74\u4f1a\u770b\u5230\u91cd\u8981\u8fdb\u5c55\uff0c\u7279\u522b\u662f\u968f\u7740\u653f\u7b56\u5236\u5b9a\u8005\u8d8a\u6765\u8d8a\u610f\u8bc6\u5230\u7a33\u5b9a\u5e01\u5728\u6269\u5927\u7f8e\u5143\u5f71\u54cd\u529b\u65b9\u9762\u7684\u6218\u7565\u4f5c\u7528\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u7b26\u5408\u7f8e\u56fd\u7684\u6700\u4f73\u5229\u76ca\uff0c\u56e0\u4e3a\u5b83\u4eec\u5c06\u589e\u52a0\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u7684\u4ea4\u6613\u6bd4\u4f8b\uff0c\u5e76\u521b\u9020\u5bf9\u7f8e\u56fd\u56fd\u503a\u62c5\u4fdd\u54c1\u7684\u9700\u6c42\u3002\u4e00\u4e2a\u62e5\u6709 37 \u4e07\u4ebf\u7f8e\u5143\u503a\u52a1\u7684\u56fd\u5bb6\u9700\u8981\u5206\u914d\uff0c\u800c\u52a0\u5bc6\u8d27\u5e01\u5c06\u5728\u8fd9\u65b9\u9762\u63d0\u4f9b\u5e2e\u52a9\u3002<\/p>\n<h3 class=\"customstyle_text\">\u7a33\u5b9a\u5e01\u4e0e CBDC<\/h3>\n<p>\u4e3a\u4e86\u660e\u786e\u8d77\u89c1\uff0c\u6cd5\u5b9a\u8d27\u5e01\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u548c\u4e2d\u592e\u94f6\u884c\u6570\u5b57\u8d27\u5e01\uff08CBDC\uff09\u662f\u4e24\u79cd\u76f8\u4f3c\u4f46\u672c\u8d28\u4e0a\u4e0d\u540c\u7684\u6280\u672f\uff0c\u4e0d\u5e94\u6df7\u6dc6\u3002<\/p>\n<p>\u6469\u6839\u5927\u901a\u5728 10 \u6708\u53d1\u5e03\u4e86\u4e00\u4efd\u5173\u4e8e\u53bb\u7f8e\u5143\u5316\u8d8b\u52bf\u7684\u62a5\u544a\u3002\u4ed6\u4eec\u63d0\u5230\u7684\u4e00\u4e2a\u6f5c\u5728\u63a8\u52a8\u56e0\u7d20\u662f\u901a\u8fc7\u65b0\u6280\u672f\u5b9e\u73b0\u652f\u4ed8\u81ea\u4e3b\u6027\u3002\u4ed6\u4eec\u63d0\u5230\u4e86\u4e00\u4e9b\u9879\u76ee\uff0c\u5982 mBridge\uff08\u4e00\u4e2a\u591a\u592e\u884c\u6570\u5b57\u8d27\u5e01\u8ba1\u5212\uff09\uff0c\u4f5c\u4e3a\u53ef\u80fd\u66ff\u4ee3\u57fa\u4e8e\u7f8e\u5143\u7684\u4ea4\u6613\u7684\u9009\u9879\u3002<\/p>\n<p>\u5c3d\u7ba1\u65b0\u5174\u652f\u4ed8\u7cfb\u7edf\u5982\u5916\u56fd CBDC \u52a0\u5267\u4e86\u53bb\u7f8e\u5143\u5316\u7684\u538b\u529b\uff0c\u4f46\u6211\u4eec\u8ba4\u4e3a\uff0c\u7f8e\u5143\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u5e02\u573a\u7684\u84ec\u52c3\u53d1\u5c55\u53cd\u9a73\u4e86\u8fd9\u4e00\u8bba\u8c03\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u57fa\u4e8e\u53bb\u4e2d\u5fc3\u5316\u3001\u65e0\u9700\u8bb8\u53ef\u7684\u533a\u5757\u94fe\u6784\u5efa\u7684\u7a33\u5b9a\u5e01\u5c06\u662f\u9996\u9009\uff0c\u56e0\u4e3a\u5b83\u4eec\u63d0\u4f9b\u66f4\u597d\u7684\u9690\u79c1\u6027\u3001\u6297\u5ba1\u67e5\u6027\u548c\u8de8\u5e73\u53f0\u7684\u4e92\u64cd\u4f5c\u6027\u3002<\/p>\n<h3 class=\"customstyle_text\">\n<p>Ondo \u5728\u8fd9\u4e00\u9886\u57df\u63d0\u4f9b\u4e86\u4e24\u6b3e\u6838\u5fc3\u4ea7\u54c1\uff1a<\/p>\n<p>USDY\uff08\u7f8e\u5143\u6536\u76ca\u4ee3\u5e01\uff09\uff1a\u8fd9\u662f\u4e00\u79cd\u901a\u8fc7\u77ed\u671f\u7f8e\u56fd\u56fd\u503a\u548c\u94f6\u884c\u5b58\u6b3e\u62c5\u4fdd\u7684\u4ee3\u5e01\u5316\u7968\u636e\uff0c\u4e3a\u975e\u7f8e\u56fd\u6295\u8d44\u8005\u63d0\u4f9b\u7a33\u5b9a\u4e14\u9ad8\u8d28\u91cf\u7684\u6536\u76ca\u3002<\/p>\n<p>OUSG\uff08Ondo \u77ed\u671f\u7f8e\u56fd\u56fd\u503a\uff09\uff1a\u63d0\u4f9b\u5bf9\u77ed\u671f\u7f8e\u56fd\u56fd\u503a\u7684\u6d41\u52a8\u6027\u66b4\u9732\uff0c\u5141\u8bb8\u5408\u683c\u8d2d\u4e70\u8005\u5373\u65f6\u94f8\u9020\u548c\u8d4e\u56de\u3002<\/p>\n<p>\u50cf USDY \u8fd9\u6837\u7684\u4ea7\u54c1\u4f7f\u5f97\u6d77\u5916\u4eba\u58eb\u6bd4\u4f20\u7edf\u6e20\u9053\u66f4\u7b80\u5355\u5730\u63a5\u89e6\u5230\u7f8e\u5143\u548c\u56fd\u503a\u3002<\/p>\n<h3 class=\"customstyle_text\">\u7f8e\u5143\u4e3b\u5bfc\u7684\u65b0\u7eaa\u5143<\/h3>\n<p>\u533a\u5757\u94fe\u6280\u672f\u4e0d\u4ec5\u6ca1\u6709\u524a\u5f31\u7f8e\u5143\u7684\u4e3b\u5bfc\u5730\u4f4d\uff0c\u53cd\u800c\u521b\u9020\u4e86\u4e00\u4e2a\u6570\u5b57\u5316\u57fa\u7840\u8bbe\u65bd\uff0c\u5f3a\u5316\u4e86\u7f8e\u5143\u7684\u5730\u4f4d\u3002\u901a\u8fc7\u5168\u7403\u5316\u5730\u4ee3\u5e01\u5316\u548c\u52a8\u5458\u7f8e\u5143\u8d44\u4ea7\uff0c\u7f8e\u5143\u5728\u5730\u7f18\u653f\u6cbb\u548c\u6280\u672f\u529b\u91cf\u63a8\u52a8\u53bb\u7f8e\u5143\u5316\u538b\u529b\u7684\u80cc\u666f\u4e0b\u4ecd\u7136\u4e0d\u53ef\u6216\u7f3a\u3002<\/p>\n<p>\u6b63\u5982\u6469\u6839\u5927\u901a\u5728\u5176\u62a5\u544a\u4e2d\u63d0\u5230\u7684\uff0c\u652f\u6301\u7f8e\u5143\u4e3b\u5bfc\u5730\u4f4d\u7684\u7ed3\u6784\u6027\u56e0\u7d20\u2014\u2014\u6df1\u539a\u7684\u8d44\u672c\u5e02\u573a\u3001\u6cd5\u6cbb\u548c\u673a\u6784\u900f\u660e\u5ea6\u2014\u2014\u4f9d\u7136\u65e0\u4e0e\u4f26\u6bd4\u3002\u7a33\u5b9a\u5e01\u5c06\u8fd9\u4e9b\u4f18\u52bf\u6269\u5c55\u5230\u6570\u5b57\u548c\u65e0\u56fd\u754c\u7684\u9886\u57df\u3002<\/p>\n<p>\u66fe\u7ecf\u88ab\u89c6\u4e3a\u5728\u533a\u5757\u94fe\u521b\u65b0\u9762\u524d\u8106\u5f31\u7684\u73b0\u6709\u4e3b\u5bfc\u8005\uff0c\u7f8e\u5143\u73b0\u5728\u5374\u6210\u4e86\u533a\u5757\u94fe\u7684\u6700\u5927\u53d7\u76ca\u8005\u3002\u533a\u5757\u94fe\u7684\u300c\u6740\u624b\u7ea7\u5e94\u7528\u300d\u5f88\u53ef\u80fd\u5c31\u662f\u7f8e\u5143\u672c\u8eab\uff0c\u8fd9\u8bc1\u660e\u4e86\u6280\u672f\u5982\u4f55\u5728\u8f6c\u578b\u7684\u540c\u65f6\u52a0\u5f3a\u73b0\u6709\u7684\u6743\u529b\u7ed3\u6784\u3002\u968f\u7740\u652f\u6301\u6027\u76d1\u7ba1\u6846\u67b6\u7684\u5230\u6765\u548c\u5bf9\u4ee3\u5e01\u5316\u8d44\u4ea7\u9700\u6c42\u7684\u6fc0\u589e\uff0c\u7f8e\u5143\u5728\u533a\u5757\u94fe\u4e0a\u7684\u8fc1\u79fb\u53ef\u80fd\u5de9\u56fa\u5176\u4f5c\u4e3a\u5168\u7403\u91d1\u878d\u57fa\u77f3\u7684\u5730\u4f4d\u3002<\/p>\n<p>\u65e0\u8bba\u7f8e\u56fd\u7684\u76d1\u7ba1\u8005\u6216\u7acb\u6cd5\u8005\u662f\u6c11\u4e3b\u515a\u4eba\u8fd8\u662f\u5171\u548c\u515a\u4eba\uff0c\u4ed6\u4eec\u90fd\u4f1a\u8ba4\u540c\u4efb\u4f55\u652f\u6301\u7f8e\u56fd\u56fd\u503a\u9700\u6c42\u7684\u529b\u91cf\u90fd\u662f\u503c\u5f97\u5229\u7528\u800c\u975e\u62b5\u5236\u7684\uff0c\u8fd9\u4f7f\u5f97\u6709\u610f\u4e49\u7684\u76d1\u7ba1\u8fdb\u5c55\u51e0\u4e4e\u5df2\u6210\u5b9a\u5c40\u3002<\/p>\n<h2 class=\"customstyle_text\">RWA \u98de\u8f6e\u6548\u5e94\uff1a\u5185\u751f\u589e\u957f\u4e0e\u5916\u751f\u589e\u957f<\/h3>\n<p>\u81ea 2022 \u5e74\u4ee5\u6765\uff0c\u9ad8\u5229\u7387\u652f\u6301\u4e86\u5927\u91cf\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u8fdb\u5165\u533a\u5757\u94fe\u3002\u4f46\u73b0\u5728\uff0c\u4ece\u94fe\u5916\u91d1\u878d\u5411\u94fe\u4e0a\u91d1\u878d\u7684\u8fc7\u6e21\u6b63\u5728\u52a0\u901f\uff0c\u56e0\u4e3a\u50cf BlackRock \u8fd9\u6837\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u610f\u8bc6\u5230\uff0c\u5c06 RWA \u53d1\u884c\u5230\u94fe\u4e0a\u5e26\u6765\u4e86\u663e\u8457\u7684\u597d\u5904\uff0c\u5305\u62ec\uff1a\u53ef\u7f16\u7a0b\u7684\u91d1\u878d\u8d44\u4ea7\u3001\u8f83\u4f4e\u7684\u53d1\u884c\u548c\u7ef4\u62a4\u6210\u672c\u4ee5\u53ca\u66f4\u9ad8\u7684\u8d44\u4ea7\u53ef\u8bbf\u95ee\u6027\u3002\u8fd9\u4e9b\u597d\u5904\uff0c\u50cf\u7a33\u5b9a\u5e01\u4e00\u6837\uff0c\u662f\u5bf9\u5f53\u524d\u91d1\u878d\u683c\u5c40\u7684 10 \u500d\u6539\u8fdb\u3002<\/p>\n<p>\u6839\u636e RWA.xzy \u548c DefiLlama \u7684\u6570\u636e\uff0cRWA \u5360\u4ee5\u592a\u574a\u8d44\u4ea7\u7684 21-22%\u00a0\u3002\u8fd9\u4e9b RWA \u5927\u591a\u6570\u4ee5 A \u7ea7\u3001\u7f8e\u56fd\u9e70\u80cc\u4e66\u7684\u7f8e\u56fd\u56fd\u503a\u5f62\u5f0f\u5b58\u5728\u3002\u9ad8\u5229\u7387\u4f7f\u5f97\u6295\u8d44\u8005\u5bb9\u6613\u9009\u62e9\u6301\u6709\u7f8e\u8054\u50a8\u8d44\u4ea7\u800c\u975e DeFi \u8d44\u4ea7\uff0c\u63a8\u52a8\u4e86\u8fd9\u4e00\u589e\u957f\u3002\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u5f62\u52bf\u6b63\u5728\u6539\u53d8\uff0c\u4f7f\u5f97\u7f8e\u56fd\u56fd\u503a\u7684\u5438\u5f15\u529b\u6709\u6240\u4e0b\u964d\uff0c\u4f46\u94fe\u4e0a\u8d44\u4ea7\u4ee3\u5e01\u5316\u7684\u300c\u7279\u6d1b\u4f0a\u6728\u9a6c\u300d\u5df2\u7ecf\u8fdb\u5165\u4e86\u534e\u5c14\u8857\u7684\u5899\u58c1\uff0c\u4e3a\u66f4\u591a RWA \u8fdb\u5165\u94fe\u4e0a\u94fa\u5f00\u4e86\u5927\u95e8\u3002<\/p>\n<p>\u968f\u7740\u66f4\u591a\u4f20\u7edf\u8d44\u4ea7\u8f6c\u5411\u94fe\u4e0a\uff0c\u8fd9\u5c06\u89e6\u53d1\u4e00\u4e2a\u590d\u5408\u98de\u8f6e\u6548\u5e94\uff0c\u9010\u6b65\u5c06\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u4e0e DeFi \u534f\u8bae\u878d\u5408\uff0c\u751a\u81f3\u53d6\u800c\u4ee3\u4e4b\u3002<\/p>\n<p><img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/9a7f34bfda2d9975d58cc2fe89098261.jpg\"><\/p>\n<p>\u4e3a\u4ec0\u4e48\u8fd9\u5f88\u91cd\u8981\uff1f\u52a0\u5bc6\u8d27\u5e01\u7684\u589e\u957f\u5f52\u7ed3\u4e8e\u5916\u90e8\u8d44\u672c\u4e0e\u5185\u90e8\u8d44\u672c\u7684\u5173\u7cfb\u3002<\/p>\n<p>\u5927\u591a\u6570 DeFi \u662f\u5185\u90e8\u8d44\u672c\u2014\u2014\u57fa\u672c\u4e0a\u662f DeFi \u751f\u6001\u7cfb\u7edf\u5185\u7684\u5faa\u73af\u2014\u2014\u5e76\u80fd\u591f\u81ea\u6211\u589e\u957f\u3002\u7136\u800c\uff0c\u5b83\u5728\u5386\u53f2\u4e0a\u4e00\u76f4\u662f\u76f8\u5f53\u53cd\u8eab\u6027\u7684\uff1a\u5b83\u4e0a\u6da8\uff0c\u4e0b\u964d\uff0c\u7136\u540e\u53c8\u56de\u5347\u3002\u4f46\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u65b0\u7684\u57fa\u7840\u8bbe\u65bd\u9010\u6b65\u6269\u5927\u4e86 DeFi \u7684\u6574\u4f53\u89c4\u6a21\u3002<\/p>\n<p>\u901a\u8fc7 Maker\u3001Compound \u548c Aave \u7684\u94fe\u4e0a\u501f\u8d37\uff0c\u6269\u5c55\u4e86\u52a0\u5bc6\u539f\u751f\u62b5\u62bc\u54c1\u7684\u6760\u6746\u4f7f\u7528\u3002<\/p>\n<p>\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u7279\u522b\u662f AMM\uff0c\u6269\u5927\u4e86\u53ef\u4ea4\u6613\u4ee3\u5e01\u7684\u5b87\u5b99\uff0c\u5e76\u542f\u52a8\u4e86\u94fe\u4e0a\u7684\u6d41\u52a8\u6027\u3002\u4f46 DeFi \u53ea\u80fd\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u589e\u957f\u5176\u81ea\u8eab\u5e02\u573a\u3002\u5c3d\u7ba1\u5185\u90e8\u8d44\u672c\uff08\u4f8b\u5982\u94fe\u4e0a\u8d44\u4ea7\u7684\u6295\u673a\uff09\u63a8\u52a8\u4e86\u52a0\u5bc6\u5e02\u573a\u6210\u4e3a\u4e00\u4e2a\u5f3a\u5927\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u4f46\u5916\u90e8\u8d44\u672c\u2014\u2014\u5b58\u5728\u4e8e\u94fe\u5916\u7ecf\u6d4e\u7684\u8d44\u672c\u2014\u2014\u5bf9\u4e8e DeFi \u4e0b\u4e00\u4e2a\u589e\u957f\u6ce2\u6bb5\u662f\u5fc5\u9700\u7684\u3002<\/p>\n<p>\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u4ee3\u8868\u4e86\u5927\u91cf\u6f5c\u5728\u7684\u5916\u90e8\u8d44\u672c\u3002\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u2014\u2014\u5546\u54c1\u3001\u80a1\u7968\u3001\u79c1\u4eba\u4fe1\u8d37\u3001\u5916\u6c47\u7b49\u2014\u2014\u4e3a DeFi \u6269\u5c55\u63d0\u4f9b\u4e86\u6700\u5927\u673a\u4f1a\uff0c\u8d85\u8d8a\u4e86\u96f6\u552e\u8d44\u91d1\u5230\u4ea4\u6613\u5458\u53e3\u888b\u7684\u8d44\u672c\u5faa\u73af\u3002\u6b63\u5982\u7a33\u5b9a\u5e01\u5e02\u573a\u9700\u8981\u901a\u8fc7\u66f4\u591a\u94fe\u5916\u7528\u9014\u7684\u589e\u957f\u6765\u6269\u5c55\uff0c\u5176\u4ed6 DeFi \u6d3b\u52a8\uff08\u4f8b\u5982\u4ea4\u6613\u3001\u501f\u8d37\u7b49\uff09\u4e5f\u5c06\u5982\u6b64\u3002<\/p>\n<p>DeFi \u7684\u672a\u6765\u662f\u6240\u6709\u91d1\u878d\u6d3b\u52a8\u90fd\u8fc1\u79fb\u5230\u533a\u5757\u94fe\u4e0a\u3002DeFi \u5c06\u7ee7\u7eed\u770b\u5230\u4e24\u4e2a\u5e73\u884c\u7684\u6269\u5c55\uff1a\u901a\u8fc7\u66f4\u591a\u94fe\u4e0a\u672c\u5730\u6d3b\u52a8\u8fdb\u884c\u7684\u76f8\u4f3c\u5185\u90e8\u6269\u5c55\uff0c\u4ee5\u53ca\u6765\u81ea\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u4e0a\u94fe\u7684\u5916\u90e8\u6269\u5c55\u3002<\/p>\n<p>\u9605\u8bfb\u66f4\u591a DeFi \u8d8b\u52bf\u4fe1\u606f\u3002<\/p>\n<h2 class=\"customstyle_text\">\n<p>\u81ea\u6bd4\u7279\u5e01 ETF \u63a8\u51fa\u4ee5\u6765\uff0c\u6bd4\u7279\u5e01\u4e0a\u6da8\u4e86 103%\u00a0\u3002<img decoding=\"async\" alt=\"Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250113\/1c9d1763d3dfdeef42f56e7370179d07.jpg\"><\/p>\n<p>\u9ed1\u77f3\u7684\u6bd4\u7279\u5e01 ETF \u5728\u77ed\u77ed\u5341\u4e00\u4e2a\u6708\u5185\uff0c\u8d85\u8d8a\u4e86\u5176\u5df2\u5b58\u5728 20 \u5e74\u7684\u9ec4\u91d1 ETF\uff0c\u6210\u4e3a\u603b\u8d44\u4ea7\u66f4\u9ad8\u7684 ETF\u3002\u5b83\u6253\u7834\u4e86\u8bb0\u5f55\uff0c\u88ab\u8a89\u4e3a\u300cETF \u5386\u53f2\u4e0a\u6700\u4f1f\u5927\u7684\u63a8\u51fa\u300d\uff0c\u5728\u8d44\u4ea7\u8d85\u8fc7 500 \u4ebf\u7f8e\u5143\u65f6\uff0c\u6bd4\u4e0b\u4e00\u4e2a\u8fbe\u5230\u8fd9\u4e00\u91cc\u7a0b\u7891\u7684 ETF \u5feb\u4e86\u4e94\u500d\u3002<\/p>\n<p>\u795d 2025 \u5e74\u4e00\u5207\u987a\u5229\uff01<\/p>\n<p>\u539f\u6587\u94fe\u63a5<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pantera 2025\u5c55\u671b\uff1a\u7f8e\u5143\u94fe\u4e0a\u5316\u5982\u4f55\u91cd\u5851\u5168\u7403\u91d1\u878d\u7248\u56fe\uff1f \u539f\u6587\u6807\u9898\uff1aThe Year Ahead In  [&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-1594","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1594","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=1594"}],"version-history":[{"count":1,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1594\/revisions"}],"predecessor-version":[{"id":3290,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/1594\/revisions\/3290"}],"wp:attachment":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}