{"id":2046,"date":"2025-11-26T16:40:21","date_gmt":"2025-11-26T08:40:21","guid":{"rendered":"https:\/\/www.117store.com\/?p=2046"},"modified":"2025-11-26T16:40:21","modified_gmt":"2025-11-26T08:40:21","slug":"grayscale%ef%bc%9a2024%e5%b9%b4%e5%8a%a0%e5%af%86%e5%b8%82%e5%9c%ba%e7%9a%84%e9%87%8c%e7%a8%8b%e7%a2%91%e4%ba%8b%e4%bb%b6%e5%8f%8a%e6%9c%ac%e6%9c%88%e5%ba%94%e5%85%b3%e6%b3%a8%e5%a4%a7%e4%ba%8b","status":"publish","type":"post","link":"https:\/\/www.wxjqcz.com\/?p=2046","title":{"rendered":"Grayscale\uff1a2024\u5e74\u52a0\u5bc6\u5e02\u573a\u7684\u91cc\u7a0b\u7891\u4e8b\u4ef6\u53ca\u672c\u6708\u5e94\u5173\u6ce8\u5927\u4e8b"},"content":{"rendered":"<h1 class=\"art_tit\">Grayscale\uff1a2024\u5e74\u52a0\u5bc6\u5e02\u573a\u7684\u91cc\u7a0b\u7891\u4e8b\u4ef6\u53ca\u672c\u6708\u5e94\u5173\u6ce8\u5927\u4e8b<\/h1>\n<div class=\"content_text\">\n<p>\u6765\u6e90\uff1aGrayscale\uff1b\u7f16\u8bd1\uff1a\u9093\u901a\uff0c\u91d1\u8272\u8d22\u7ecf<\/p>\n<h2>\u6458\u8981<\/h2>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u52a0\u5bc6\u8d27\u5e01\u4f30\u503c\u5728\u5e74\u521d\u4e0a\u6da8\u540e\u4e8e 12 \u6708\u4e0b\u8dcc\u3002\u56de\u8c03\u53ef\u80fd\u53cd\u6620\u4e86\u7f8e\u8054\u50a8\u66f4\u4e3a\u9e70\u6d3e\u7684\u4fe1\u53f7\u3002\u6700\u8fd1\u4e24\u6b21\u6bd4\u7279\u5e01\u725b\u5e02\u90fd\u51fa\u73b0\u4e86\u7c7b\u4f3c\u5e45\u5ea6\u7684\u4e0b\u8dcc\u3002<\/p>\n<\/li>\n<li>\n<p>\u73b0\u8d27\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u4ea4\u6613\u6240\u4ea4\u6613\u4ea7\u54c1 (ETP) \u4e8e 2024 \u5e74\u5728\u7f8e\u56fd\u5e02\u573a\u63a8\u51fa\u3002\u7d2f\u8ba1\u6d41\u5165\u91cf\u73b0\u5df2\u8fbe\u5230 380 \u4ebf\u7f8e\u5143\u3002[1] \u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u5f53\u6708\u5206\u522b\u4e0b\u8dcc 3% \u548c 10%\u3002[2]<\/p>\n<\/li>\n<li>\n<p>\u91d1\u878d\u52a0\u5bc6\u8d27\u5e01\u677f\u5757\u5728 12 \u6708\u8868\u73b0\u51fa\u8272\u3002Grayscale Research \u8ba4\u4e3a\uff0c\u8fd9\u4e00\u7ec6\u5206\u5e02\u573a\u53ef\u80fd\u4f1a\u53d7\u76ca\u4e8e\u5373\u5c06\u4e0a\u4efb\u7684\u7f8e\u56fd\u653f\u5e9c\u7684\u76d1\u7ba1\u53d8\u5316\u548c\/\u6216\u65b0\u7acb\u6cd5\uff0c\u5e76\u5728\u5176\u66f4\u65b0\u7684 Top 20 \u699c\u5355\u4e2d\u5217\u51fa\u4e86\u51e0\u79cd\u4e0e\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u76f8\u5173\u7684\u8d44\u4ea7\u3002Top 20 \u8fd8\u5217\u51fa\u4e86\u4e0e\u53bb\u4e2d\u5fc3\u5316 AI \u6280\u672f\u76f8\u5173\u7684\u8d44\u4ea7\uff0c\u8fd9\u4ecd\u7136\u662f\u5e02\u573a\u5173\u6ce8\u7684\u7126\u70b9\u3002<\/p>\n<\/li>\n<li>\n<p>1 \u6708\u521d\uff0c\u53c2\u8bae\u9662\u5c06\u8003\u8651\u5f53\u9009\u603b\u7edf\u7279\u6717\u666e\u63d0\u540d\u7684\u8d22\u653f\u90e8\u957f\u3001\u5546\u52a1\u90e8\u957f\u3001SEC \u4e3b\u5e2d\u548c CFTC \u4e3b\u5e2d\u3002<\/p>\n<\/li>\n<\/ul>\n<p>2024 \u5e74 12 \u6708\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7a0d\u4f5c\u5598\u606f\uff0c\u4e3b\u8981\u80a1\u6307\u56de\u843d\uff0c\u503a\u5238\u6536\u76ca\u7387\u4e0a\u5347\u3002Grayscale Research \u8ba4\u4e3a\uff0c\u8bb8\u591a\u5e02\u573a\u53d8\u5316\u5f52\u56e0\u4e8e\u7f8e\u8054\u50a8\u5728 12 \u6708\u4e2d\u65ec\u4f1a\u8bae\u4e0a\u53d1\u51fa\u7684\u66f4\u4e3a\u9e70\u6d3e\u7684\u4fe1\u53f7\u3002\u5c3d\u7ba1\u4e0a\u4e2a\u6708\u906d\u9047\u632b\u6298\uff0c\u4f46\u6bd4\u7279\u5e01\u5728 2024 \u5e74\u5e95\u4ecd\u4e0a\u6da8\u4e86 121%\u3002[3]<\/p>\n<p>\u4f20\u7edf\u5e02\u573a\u5728\u5e74\u5e95\u7684\u8868\u73b0\u597d\u574f\u53c2\u534a\uff08\u56fe 1\uff09\u3002\u7f8e\u5143\u5728 12 \u6708\u4e0a\u6da8\uff0c\u6536\u76ca\u7387\u66f2\u7ebf\u4e0a\u7684\u5229\u7387\u4e0a\u5347\u3002<strong><span>\u7f8e\u8054\u50a8\u5c06\u5728 2025 \u5e74\u653e\u7f13\u964d\u606f\u6b65\u4f10\u7684\u6307\u5f15\u53ef\u80fd\u52a9\u957f\u4e86\u8d27\u5e01\u548c\u503a\u5238\u5e02\u573a\u7684\u8d70\u52bf\u3002<\/span><\/strong>\u5927\u76d8\u80a1\u6307\u4e0b\u8dcc\uff0c\u7531\u5468\u671f\u6027\u5e02\u573a\u677f\u5757\u9886\u8dcc\u3002\u5927\u578b\u79d1\u6280\u80a1\uff08\u4ee5\u5f6d\u535a\u4e03\u5927\u6307\u6570\u4e3a\u4ee3\u8868\uff09\u662f\u4e2a\u4f8b\u5916\uff0c12 \u6708\u4e0a\u6da8\uff0c\u5168\u5e74\u56de\u62a5\u5f3a\u52b2\u3002<strong><span>\u6bd4\u7279\u5e01\u7565\u6709\u4e0b\u8dcc\uff0c\u98ce\u9669\u8c03\u6574\u540e\uff08\u5373\u8003\u8651\u5230\u6bcf\u79cd\u8d44\u4ea7\u7684\u6ce2\u52a8\u6027\uff09\u7684\u56de\u62a5\u7387\u5904\u4e8e\u4e2d\u7b49\u6c34\u5e73\u3002<\/span><\/strong>\u5bcc\u65f6\/\u7070\u5ea6\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u5e02\u573a\u6307\u6570 (CSMI) 12 \u6708\u4e0b\u8dcc 6%\uff0c\u56de\u5410\u4e86 2024 \u5e74 11 \u6708\u4ee5\u6765\u7ea6 15% \u7684\u6da8\u5e45\u3002<\/p>\n<p>\u56fe 1\uff1a\u6309\u98ce\u9669\u8c03\u6574\u540e\uff0c\u52a0\u5bc6\u8d27\u5e01\u56de\u62a5\u7387\u5904\u4e8e\u4e2d\u7b49\u6c34\u5e73<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250107\/d3c1c73fc7a21886b0a08cbd6cb03138.jpg\" title=\"7340366\" alt=\"UWHANrd3K6L1PSBCnxjXsEtRC7o9FFsRafCbXZOV.jpeg\" \/><\/p>\n<p><span><strong>\u77ed\u671f\u4e0b\u8dcc\u662f\u52a0\u5bc6\u8d27\u5e01\u725b\u5e02\u7684\u5e38\u89c1\u7279\u5f81\u3002<\/strong><\/span>\u4f8b\u5982\uff0c\u5728\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5468\u671f\u7684\u6700\u65b0\u5347\u503c\u9636\u6bb5\uff08\u4ece 2018 \u5e74 12 \u6708\u5230 2021 \u5e74 11 \u6708\uff09\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u4e0a\u6da8\u4e86\u7ea6 21 \u500d\u3002\u7136\u800c\uff0c\u5728\u6b64\u671f\u95f4\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u603b\u5171\u4e0b\u8dcc\u4e86\u81f3\u5c11 10%\uff0c\u5171\u8ba1 11 \u6b21\uff0c\u5176\u4e2d\u5305\u62ec\u4e24\u6b21\u7ea6 50% \u7684\u5927\u5e45\u4e0b\u8dcc\u3002\u5728\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5468\u671f\u7684\u5148\u524d\u5347\u503c\u9636\u6bb5\uff08\u4ece 2015 \u5e74 1 \u6708\u5230 2017 \u5e74 12 \u6708\uff09\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u603b\u5171\u4e0b\u8dcc\u4e86\u81f3\u5c11 20%\uff0c\u5171\u8ba1 11 \u6b21\u3002[4] \u6211\u4eec\u4ecd\u7136\u8ba4\u4e3a\uff0c<span><strong>\u6211\u4eec\u6b63\u5904\u4e8e\u5f53\u524d\u6bd4\u7279\u5e01\u725b\u5e02\u7684\u4e2d\u671f\uff0c\u53ea\u8981\u5e02\u573a\u4ecd\u7136\u53d7\u5230\u57fa\u672c\u9762\u7684\u652f\u6491\uff0c2025 \u5e74\u53ca\u4ee5\u540e\u8fd8\u6709\u8fdb\u4e00\u6b65\u4e0a\u6da8\u7684\u6f5c\u529b<\/strong><\/span>\uff08\u56fe\u8868 2\uff09\u3002<\/p>\n<p>\u56fe 2\uff1a\u4e24\u6b21\u725b\u5e02\u524d\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u8d70\u52bf<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250107\/2b474ed08e427e92384c87a2e670a800.jpg\" title=\"7340367\" alt=\"zoNQSu2wIu7dPcxzcX1nMqE8Cm1Ap5w589PJw4PV.jpeg\" \/><\/p>\n<p>12 \u6708\uff0c\u5728\u7f8e\u56fd\u4e0a\u5e02\u7684\u73b0\u8d27\u6bd4\u7279\u5e01\u4ea4\u6613\u6240\u4ea4\u6613\u4ea7\u54c1 (ETP) \u518d\u6b21\u6210\u4e3a\u65b0\u9700\u6c42\u7684\u91cd\u8981\u6765\u6e90\uff0c\u5f53\u6708\u51c0\u6d41\u5165\u603b\u989d\u8fbe 47 \u4ebf\u7f8e\u5143\u3002\u5305\u62ec 7 \u6708\u63a8\u51fa\u7684\u73b0\u8d27\u4ee5\u592a\u574a ETP\uff0c\u7f8e\u56fd\u4e0a\u5e02\u7684\u73b0\u8d27\u52a0\u5bc6\u8d27\u5e01 ETP \u7d2f\u8ba1\u51c0\u6d41\u5165\u603b\u989d\u73b0\u5df2\u8fbe\u5230 380 \u4ebf\u7f8e\u5143\u3002[5] \u867d\u7136\u5176\u4ed6\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u52a0\u5bc6\u8d27\u5e01 ETP \u4e5f\u51fa\u73b0\u4e86\u6295\u8d44\u8005\u9700\u6c42\u589e\u52a0\u7684\u60c5\u51b5\uff0c\u4f46\u7d2f\u8ba1\u6d41\u5165\u91cf\u9010\u6708\u8f83\u4f4e\u4e14\u66f4\u4e3a\u7a33\u5b9a\uff08\u56fe 3\uff09\u3002<\/p>\n<p>\u56fe 3\uff1a\u7f8e\u56fd\u4e0a\u5e02\u7684\u73b0\u8d27\u52a0\u5bc6\u8d27\u5e01 ETP \u9700\u6c42\u6fc0\u589e<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250107\/2a22ea52179aab340495f813d75dd688.jpg\" title=\"7340368\" alt=\"T2r4vGxFWu0ol0OBh82KE9j7MAF97fX4wXrNWUHu.jpeg\" \/><\/p>\n<p><span><strong>\u7f8e\u56fd\u5e02\u573a\u5bf9\u6bd4\u7279\u5e01\u7684\u53e6\u4e00\u4e2a\u91cd\u8981\u7684\u9700\u6c42\u6765\u6e90\u662f\u5fae\u7b56\u7565 (MicroStrategy)<\/strong><\/span>\uff0c\u8fd9\u662f\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\uff0c\u5176\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u6301\u6709\u6bd4\u7279\u5e01\uff0c\u4e3b\u8981\u4f5c\u4e3a\u6bd4\u7279\u5e01\u6295\u8d44\u5de5\u5177\u8fd0\u8425\u3002[6] \u5fae\u7b56\u7565\u4e8e 12 \u6708\u88ab\u7eb3\u5165\u7eb3\u65af\u8fbe\u514b 100 \u6307\u6570\u3002[7] 2024 \u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u5fae\u7b56\u7565\u8d2d\u4e70\u4e86 194,180 \u6bd4\u7279\u5e01\uff0c\u5e74\u5e95\u5e02\u503c\u4e3a 182 \u4ebf\u7f8e\u5143\u3002[8] \u56e0\u6b64\uff0c\u5fae\u7b56\u7565\u5728\u7b2c\u56db\u5b63\u5ea6\u8d2d\u4e70\u7684\u6bd4\u7279\u5e01\u4e0e\u7b2c\u56db\u5b63\u5ea6\u73b0\u8d27\u6bd4\u7279\u5e01 ETP \u7684\u51c0\u6d41\u5165\u91cf\u76f8\u5f53\u3002[9] \u5fae\u7b56\u7565\u53d1\u884c\u80a1\u7968\u548c\u503a\u52a1\u5de5\u5177\u6765\u4e3a\u5176\u8d2d\u4e70\u6bd4\u7279\u5e01\u63d0\u4f9b\u8d44\u91d1\uff0c\u5e76\u5df2\u5ba3\u5e03\u8ba1\u5212\u5728\u672a\u6765 3 \u5e74\u5185\u7ee7\u7eed\u8d2d\u4e70\u6bd4\u7279\u5e01\u3002[10] \u9274\u4e8e\u8fd9\u4e00\u6bd4\u7279\u5e01\u9700\u6c42\u6765\u6e90\u7684\u91cf\u5316\u91cd\u8981\u6027\uff0c\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u8005\u5e94\u8003\u8651\u76d1\u63a7\u5fae\u7b56\u7565\u7684\u8d22\u52a1\u4e1a\u7ee9\u6307\u6807\uff0c\u5305\u62ec\u8be5\u516c\u53f8\u7684\u5e02\u503c\u4e0e\u5176\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u4ef7\u503c\u4e4b\u95f4\u7684\u5dee\u5f02\u3002\u4e00\u822c\u800c\u8a00\uff0c\u5982\u679c\u516c\u53f8\u7684\u80a1\u7968\u4ea4\u6613\u4ef7\u683c\u9ad8\u4e8e\u5176\u6bd4\u7279\u5e01\u7684\u4ef7\u503c\uff0c\u5219\u53ef\u80fd\u4f1a\u6fc0\u52b1\u5176\u53d1\u884c\u80a1\u7968\u5e76\u8d2d\u4e70\u66f4\u591a\u6bd4\u7279\u5e01\u3002<\/p>\n<p><span><strong>12 \u6708\uff0c\u4ee5\u592a\u574a (ETH) \u7684\u8868\u73b0\u4e0d\u53ca\u6bd4\u7279\u5e01 (BTC)\uff0cETH\/BTC \u4ef7\u683c\u6bd4\u7387\u5728\u8fc7\u53bb\u4e24\u4e2a\u6708\u4e2d\u6a2a\u76d8\u6574\u7406<\/strong><\/span>\uff08\u56fe 4\uff09\u3002\u4ee5\u592a\u574a\u662f\u6309\u5e02\u503c\u8ba1\u7b97\u7684\u9886\u5148\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u533a\u5757\u94fe\uff0c\u4f46\u5b83\u9762\u4e34\u7740\u6765\u81ea\u5176\u4ed6\u9879\u76ee\u65e5\u76ca\u6fc0\u70c8\u7684\u7ade\u4e89\u3002[11] <strong><span>2024 \u5e74\uff0c\u4ee5\u592a\u574a\u7684\u8868\u73b0\u4e0d\u53ca\u6309\u5e02\u503c\u8ba1\u7b97\u7684\u7b2c\u4e8c\u5927\u8d44\u4ea7 Solana<\/span><\/strong>[12]\uff0c\u6295\u8d44\u8005\u8d8a\u6765\u8d8a\u5173\u6ce8 Sui \u548c The Open Network (TON) \u7b49\u66ff\u4ee3\u6027\u7b2c 1 \u5c42\u7f51\u7edc\u3002\u5728\u4e3a\u5e94\u7528\u7a0b\u5e8f\u5f00\u53d1\u4eba\u5458\u521b\u5efa\u57fa\u7840\u8bbe\u65bd\u65f6\uff0c\u667a\u80fd\u5408\u7ea6\u533a\u5757\u94fe\u7684\u67b6\u6784\u5e08\u9762\u4e34\u5404\u79cd\u8bbe\u8ba1\u9009\u62e9\uff0c\u8fd9\u4e9b\u9009\u62e9\u53ef\u80fd\u4f1a\u5f71\u54cd\u51fa\u5757\u65f6\u95f4\u3001\u4ea4\u6613\u541e\u5410\u91cf\u548c\u5e73\u5747\u4ea4\u6613\u8d39\u7528\u7b49\u6280\u672f\u7279\u6027\u3002\u65e0\u8bba\u5177\u4f53\u7684\u8bbe\u8ba1\u9009\u62e9\u5982\u4f55\uff0c\u6240\u6709\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u90fd\u5728\u4e89\u593a\u7f51\u7edc\u8d39\u7528\u6536\u5165\uff0cGrayscale Research \u8ba4\u4e3a\u8fd9\u662f\u4ef7\u503c\u7d2f\u79ef\u7684\u91cd\u8981\u51b3\u5b9a\u56e0\u7d20\u3002<\/p>\n<p>\u56fe 4\uff1a12 \u6708\u53ca 2024 \u5e74\u5168\u5e74\uff0c\u4ee5\u592a\u574a\u8868\u73b0\u843d\u540e\u4e8e\u6bd4\u7279\u5e01<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250107\/ab792e2fa4e9a50a97372fcbfecfe2f4.jpg\" title=\"7340369\" alt=\"B5aIy1RXZAfTVIT7zbrnfwNtY4t6o2yIiUCxCcsM.jpeg\" \/><\/p>\n<p><span><strong>Grayscale \u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u6846\u67b6\u663e\u793a\uff0c12 \u6708\u6570\u5b57\u8d44\u4ea7\u4f30\u503c\u666e\u904d\u56de\u843d\uff08\u56fe\u8868 5\uff09\u3002\u8868\u73b0\u6700\u5dee\u7684\u5e02\u573a\u90e8\u5206\u662f\u6d88\u8d39\u548c\u6587\u5316\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\uff0c\u8fd9\u4e3b\u8981\u662f\u7531\u4e8e\u6309\u5e02\u503c\u8ba1\u7b97\u6700\u5927\u7684 meme \u5e01\u2014\u2014\u72d7\u72d7\u5e01\u7684\u4ef7\u683c\u4e0b\u8dcc\u3002<\/strong><\/span>[13] \u5927\u76d8\u4e0b\u8dcc\u7684\u4e00\u4e2a\u4f8b\u5916\u662f\u91d1\u878d\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\uff0c\u8be5\u884c\u4e1a\u4e3b\u8981\u53d7\u5230\u5e01\u5b89\u5e01 (BNB) \u4e0a\u6da8\u7684\u652f\u6491\uff0c\u5e01\u5b89\u5e01 (BNB) \u662f\u4e0e\u5e01\u5b89\u4ea4\u6613\u6240\u548c\u5e01\u5b89\u667a\u80fd\u94fe\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u76f8\u5173\u7684\u4ee3\u5e01\u3002Grayscale Research \u8ba4\u4e3a\uff0c<strong><span>\u65b0\u4e00\u5c4a\u7f8e\u56fd\u653f\u5e9c\u7684\u76d1\u7ba1\u53d8\u5316\u548c\u65b0\u7acb\u6cd5\u53ef\u80fd\u4f1a\u7279\u522b\u652f\u6301\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u91d1\u878d\u5e94\u7528\u3002<\/span><\/strong>\u56e0\u6b64\uff0c\u6211\u4eec\u5728\u6700\u65b0\u7684 Top 20 \u699c\u5355\u4e2d\u4ecb\u7ecd\u4e86\u51e0\u79cd\u4e0e\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u76f8\u5173\u7684\u8d44\u4ea7\u3002<\/p>\n<p>\u56fe 5\uff1a\u91d1\u878d\u52a0\u5bc6\u884c\u4e1a\u8868\u73b0\u4f18\u5f02<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250107\/a25302e8ae9a42dccccc6c3209fd27cf.jpg\" title=\"7340370\" alt=\"MjiSPd2eXFitfDlzIlXNtnDHr5KCWHVeSpfNR1It.jpeg\" \/><\/p>\n<p><span><strong>\u4e0e\u53bb\u4e2d\u5fc3\u5316\u4eba\u5de5\u667a\u80fd\u6280\u672f\u76f8\u5173\u7684\u65b0\u521b\u65b0\u662f 2024 \u5e74\u52a0\u5bc6\u5e02\u573a\u7684\u4e3b\u5bfc\u4e3b\u9898\uff0c\u5e76\u4e14\u53ef\u80fd\u5728\u65b0\u7684\u4e00\u5e74\u518d\u6b21\u6210\u4e3a\u4e3b\u5bfc\u4e3b\u9898\u3002\u5927\u90e8\u5206\u6ce8\u610f\u529b\u4ecd\u7136\u96c6\u4e2d\u5728\u4e0e\u4eba\u5de5\u667a\u80fd\u201c\u4ee3\u7406\u201d\u76f8\u5173\u7684\u53d1\u5c55\u4e0a<\/strong><\/span>\u2014\u2014\u8fd9\u662f\u4e00\u79cd\u53ef\u4ee5\u72ec\u7acb\u884c\u52a8\u4ee5\u8ffd\u6c42\u4e00\u7ec4\u590d\u6742\u76ee\u6807\u7684\u8f6f\u4ef6\u3002\u8fd9\u4e9b\u4eba\u5de5\u667a\u80fd\u4ee3\u7406\u6b63\u5728\u5f7b\u5e95\u6539\u53d8\u6211\u4eec\u4e0e\u533a\u5757\u94fe\u6280\u672f\u7684\u4ea4\u4e92\u65b9\u5f0f\uff0c\u6b63\u5982 Luna \u5728 Virtuals \u534f\u8bae\u4e0a\u6240\u5c55\u793a\u7684\u90a3\u6837\u3002Luna \u662f\u4e00\u4e2a\u5973\u6027\u52a8\u6f2b\u98ce\u683c\u7684\u804a\u5929\u673a\u5668\u4eba\uff0c\u5176\u5177\u4f53\u76ee\u6807\u662f\u5728 X \u4e0a\u5438\u5f15 100,000 \u540d\u7c89\u4e1d\uff0c\u5e76\u4e14\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u5979\u53ef\u4ee5\u901a\u8fc7\u81ea\u5df1\u7684\u52a0\u5bc6\u94b1\u5305\u5411\u7528\u6237\u652f\u4ed8\uff08\u201c\u5c0f\u8d39\u201d\uff09Luna \u4ee3\u5e01\u6765\u6267\u884c\u91d1\u878d\u4ea4\u6613\u3002\u8fd9\u79cd\u4e0e\u533a\u5757\u94fe\u6280\u672f\u7684\u96c6\u6210\u5c24\u5176\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u4f7f\u50cf Luna \u8fd9\u6837\u7684\u4eba\u5de5\u667a\u80fd\u4ee3\u7406\u80fd\u591f\u76f4\u63a5\u8bbf\u95ee\u548c\u5206\u914d\u8d22\u52a1\u8d44\u6e90\uff0c\u8fd9\u8d85\u8d8a\u4e86\u4ee5\u524d\u57fa\u4e8e\u4efb\u52a1\u7684\u4ee3\u7406\u4eba\u5de5\u667a\u80fd\u7684\u7528\u4f8b\u3002<\/p>\n<p>\u81ea 2024 \u5e74 10 \u6708\u4e0b\u65ec AI \u4ee3\u7406\u4ee3\u5e01\u51fa\u73b0\u4ee5\u6765\uff0c\u8be5\u884c\u4e1a\u5e02\u503c\u9886\u5148\u7684\u9879\u76ee\u53d6\u5f97\u4e86\u975e\u51e1\u7684\u6536\u76ca\uff0cVirtual \u98d9\u5347 49,000%\uff0cAi16z \u4e0a\u6da8 8,700%[14]\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u4ee5\u6295\u8d44\u516c\u53f8 a16z \u547d\u540d\u7684\u9879\u76ee ai16z \u4e8e 12 \u6708\u5728 GitHub \u4e0a\u6784\u5efa\u4e86\u6392\u540d\u7b2c\u4e00\u7684 AI \u4ee3\u7406\u6846\u67b6[15]\uff0c\u5e76\u5ba3\u5e03\u4e0e\u65af\u5766\u798f\u5927\u5b66\u5efa\u7acb\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002[16]<\/p>\n<p>\u6700\u7ec8\uff0c<span><strong>2024 \u5e74\u662f\u6570\u5b57\u8d44\u4ea7\u5e02\u573a\u5177\u6709\u91cc\u7a0b\u7891\u610f\u4e49\u7684\u4e00\u5e74\uff1a\u65b0\u7684\u73b0\u8d27\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a ETP \u4e3a\u52a0\u5bc6\u751f\u6001\u7cfb\u7edf\u5e26\u6765\u4e86\u66f4\u591a\u6295\u8d44\u8005\uff0c\u6bd4\u7279\u5e01\u7f51\u7edc\u7ecf\u5386\u4e86\u7b2c\u56db\u6b21\u51cf\u534a\u4e8b\u4ef6\uff0c\u7814\u7a76\u4eba\u5458\u5728\u65b0\u7684\u533a\u5757\u94fe\u5e94\u7528\u6280\u672f\u65b9\u9762\u53d6\u5f97\u4e86\u7a81\u7834\uff0c\u52a0\u5bc6\u8d27\u5e01\u5728\u7f8e\u56fd\u5927\u9009\u4e2d\u5360\u636e\u4e86\u7a81\u51fa\u5730\u4f4d\u3002<\/strong><\/span>\u5c3d\u7ba1\u4e00\u4e9b\u5177\u4f53\u4e3b\u9898\u4f1a\u53d1\u751f\u53d8\u5316\uff0c\u4f46\u6211\u4eec\u9884\u8ba1 2025 \u5e74\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u8005\u4ecd\u4f1a\u5174\u594b\u4e0d\u5df2\u3002<\/p>\n<p>1 \u6708\u521d\uff0c\u7f8e\u56fd\u53c2\u8bae\u9662\u5c06\u5f00\u59cb\u8003\u8651\u5f53\u9009\u603b\u7edf\u7279\u6717\u666e\u63d0\u540d\u7684\u5185\u9601\u548c\u5404\u653f\u5e9c\u673a\u6784\u9886\u5bfc\u4eba\u7684\u5019\u9009\u4eba\u3002\u5bf9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\uff0c\u6211\u4eec\u8ba4\u4e3a\u6700\u91cd\u8981\u7684\u786e\u8ba4\u53ef\u80fd\u662f\u8d22\u653f\u90e8\u957f\uff08Scott Bessent\uff09\u3001\u5546\u52a1\u90e8\u957f\uff08Howard Lutnick\uff09\u3001\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a (SEC) \u4e3b\u5e2d\uff08Paul Atkins\uff09\u548c\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a (CFTC) \u4e3b\u5e2d\uff08\u64b0\u5199\u672c\u6587\u65f6\u5c1a\u672a\u516c\u5e03\u5019\u9009\u4eba\uff09\u3002\u767d\u5bab AI \u548c\u52a0\u5bc6\u8d27\u5e01\u6c99\u7687\uff08David Sacks\uff09\u7684\u65b0\u89d2\u8272\u4e0d\u9700\u8981\u53c2\u8bae\u9662\u7684\u786e\u8ba4\u3002\u5c3d\u7ba1 Grayscale Research <span><strong>\u9884\u8ba1\u4e0b\u4e00\u5c4a\u56fd\u4f1a\u5c06\u901a\u8fc7\u4e0e\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u7684\u7acb\u6cd5\uff0c\u4f46\u8fd9\u53ef\u80fd\u8981\u7b49\u5230\u7acb\u6cd5\u8005\u89e3\u51b3\u7a0e\u6536\u548c\u5176\u4ed6\u67d0\u4e9b\u95ee\u9898\u4e4b\u540e\u624d\u4f1a\u53d1\u751f\u3002<\/strong><\/span>\u5728\u7f8e\u56fd\u4ee5\u5916\uff0c\u6b27\u76df\u7684 MiCA \u6cd5\u89c4\u4e8e 2024 \u5e74 12 \u6708 30 \u65e5\u5168\u9762\u751f\u6548\uff0c\u8be5\u6cd5\u89c4\u5bf9\u7a33\u5b9a\u5e01\u5b9e\u65bd\u4e86\u66f4\u4e25\u683c\u7684\u89c4\u5b9a\uff0c\u5bfc\u81f4 Tether \u672a\u7ecf\u8bb8\u53ef\u7684 USDT \u4ece 2025 \u5e74\u5f00\u59cb\u88ab\u4ea4\u6613\u6240\u4e0b\u67b6\uff0c\u8f6c\u800c\u652f\u6301\u5408\u89c4\u7684\u66ff\u4ee3\u54c1\uff0c\u4f8b\u5982 Circle \u7684 USDC\u3002[17]<\/p>\n<p>\u9664\u4e86\u653f\u6cbb\u56e0\u7d20\u4e4b\u5916\uff0c<span><strong>\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4f3c\u4e4e\u53ef\u80fd\u53d7\u5230\u5176\u901a\u5e38\u7684\u57fa\u672c\u9762\u9a71\u52a8\uff1a\u5168\u7403\u91c7\u7528\u6bd4\u7279\u5e01\u4f5c\u4e3a\u66ff\u4ee3\u8d27\u5e01\u5a92\u4ecb\u3001\u5bf9\u4e0b\u4e00\u4ee3\u53bb\u4e2d\u5fc3\u5316\u7f51\u7edc\u5e94\u7528\u7a0b\u5e8f\u7684\u9700\u6c42\u4ee5\u53ca\u5b8f\u89c2\u5e02\u573a\u56e0\u7d20\uff0c<\/strong><\/span>\u4f8b\u5982\u5f71\u54cd\u6240\u6709\u8d44\u4ea7\u4f30\u503c\u7684\u592e\u884c\u8d27\u5e01\u653f\u7b56\u53d8\u5316\u3002\u5c3d\u7ba1\u524d\u666f\u4e0d\u786e\u5b9a\uff0c\u4f46\u6211\u4eec\u8ba4\u4e3a\uff0c\u8bb8\u591a\u884c\u4e1a\u8d8b\u52bf\u5728\u65b0\u5e74\u4f0a\u59cb\u770b\u8d77\u6765\u90fd\u5f88\u6709\u5229\u3002<\/p>\n<p><strong>\u6307\u6570\u5b9a\u4e49\uff1a<\/strong><\/p>\n<p>\u5f6d\u535a\u4e03\u5927\u603b\u56de\u62a5\u6307\u6570 (BM7T) \u662f\u4e00\u79cd\u7b49\u989d\u7f8e\u5143\u52a0\u6743\u6307\u6570\uff0c\u8ffd\u8e2a\u7f8e\u56fd\u4e03\u5bb6\u4ea4\u6613\u6700\u5e7f\u6cdb\u7684\u516c\u53f8\u3002\u6807\u51c6\u666e\u5c14 500 \u5de5\u4e1a\u6307\u6570\u5305\u62ec\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u4e2d\u88ab\u5f52\u7c7b\u4e3a GICS \u5de5\u4e1a\u677f\u5757\u6210\u5458\u7684\u516c\u53f8\u3002\u5f6d\u535a-\u5df4\u514b\u83b1 25 \u5e74\u671f\u4ee5\u4e0a\u56fd\u503a\u6307\u6570\u8861\u91cf\u5269\u4f59\u671f\u9650\u8d85\u8fc7 25 \u5e74\u7684\u540d\u4e49\u7f8e\u56fd\u56fd\u503a\u7684\u603b\u56de\u62a5\u3002\u7f8e\u5143\u6307\u6570 (DXY) \u8ffd\u8e2a\u7f8e\u5143\u5151\u4e00\u7bee\u5b50\u4e3b\u8981\u8d27\u5e01\u7684\u5f3a\u5f31\u3002\u7f57\u7d20 2000 \u6307\u6570\u7531\u7f57\u7d20 3000 \u6307\u6570\u4e2d\u6700\u5c0f\u7684 2000 \u5bb6\u516c\u53f8\u7ec4\u6210\uff0c\u7ea6\u5360\u7f57\u7d20 3000 \u603b\u5e02\u503c\u7684 8%\u3002\u6807\u51c6\u666e\u5c14\u9ad8\u76db\u5546\u54c1\u6307\u6570 (S&amp;P\/GSCI) \u662f\u5546\u54c1\u677f\u5757\u56de\u62a5\u7684\u7efc\u5408\u6307\u6570\uff0c\u4ee3\u8868\u5bf9\u5546\u54c1\u671f\u8d27\u7684\u65e0\u6760\u6746\u3001\u591a\u5934\u6295\u8d44\uff0c\u8be5\u6295\u8d44\u5e7f\u6cdb\u5206\u6563\u5728\u5404\u79cd\u5546\u54c1\u4e2d\u3002\u5bcc\u65f6\/\u7070\u5ea6\u52a0\u5bc6\u8d27\u5e01\u677f\u5757\u6307\u6570\u7cfb\u5217\u8861\u91cf\u5728\u5168\u7403\u4e3b\u8981\u4ea4\u6613\u6240\u4e0a\u5e02\u7684\u6570\u5b57\u8d44\u4ea7\u7684\u4ef7\u683c\u56de\u62a5\u3002\u7eb3\u65af\u8fbe\u514b 100 \u6307\u6570\u662f\u7eb3\u65af\u8fbe\u514b\u4ea4\u6613\u6240\u4ea4\u6613\u7684 100 \u5bb6\u6700\u5927\u516c\u53f8\u7684\u80a1\u7968\u6307\u6570\uff0c\u6309\u4fee\u6b63\u5e02\u503c\u8ba1\u7b97\u3002<\/p>\n<p>\u53c2\u8003\u8d44\u6599\uff1a<\/p>\n<p>[1] \u6765\u6e90\uff1a\u5f6d\u535a\u793e\uff0cGrayscale Investments\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[2] \u6765\u6e90\uff1aArtemis\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[3] \u6765\u6e90\uff1aCoin Metrics\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[4] \u6765\u6e90\uff1aCoin Metrics\u3002Grayscale Investments\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002\u8fc7\u5f80\u8868\u73b0\u4e0d\u4ee3\u8868\u672a\u6765\u7ed3\u679c\u3002<\/p>\n<p>[5] \u6765\u6e90\uff1a\u5f6d\u535a\u793e\uff0cGrayscale Investments\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[6] Investopedia\uff0c\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 23 \u65e5\u3002Michael Saylor\u201c\u79f0 MicroStrategy \u662f\u4e00\u5bb6\u6bd4\u7279\u5e01\u8d44\u91d1\u8fd0\u8425\u516c\u53f8\u3002\u201d<\/p>\n<p>[7] Markets.com<\/p>\n<p>[8] \u6765\u6e90\uff1aBitcointreasuries.net\u3001\u5f6d\u535a\u793e\u3001Grayscale Investments\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[9] \u73b0\u8d27\u6bd4\u7279\u5e01 ETP \u5728\u7b2c\u56db\u5b63\u5ea6\u51c0\u6d41\u5165 165 \u4ebf\u7f8e\u5143\uff0c\u4ee5\u6d41\u5165\u65f6\u7684\u4ef7\u503c\u8ba1\u7b97\u3002\u7b2c\u56db\u5b63\u5ea6 ETP \u7684\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u6309\u5e74\u672b\u4ef7\u683c\u8ba1\u7b97\u589e\u52a0 186 \u4ebf\u7f8e\u5143\u3002\u8d44\u6599\u6765\u6e90\uff1a\u5f6d\u535a\u793e\u3001Grayscale Investments\u3002\u6570\u636e\u622a\u81f3 2024 \u5e74 12 \u6708 31 \u65e5\u3002<\/p>\n<p>[10] Microstrategy\uff0c\u622a\u81f3 2025 \u5e74 1 \u6708 3 \u65e5\u3002<\/p>\n<p>[11] Artemis\u3001FTSE\u3001Grayscale\u3002\u622a\u81f3 2025 \u5e74 1 \u6708 6 \u65e5\u3002<\/p>\n<p>[12] Artemis\u3001FTSE\u3001Grayscale\u3002\u622a\u81f3 2025 \u5e74 1 \u6708 6 \u65e5\u3002<\/p>\n<p>[13] Artemis\u3001FTSE\u3001Grayscale\u3002\u622a\u81f3 2025 \u5e74 1 \u6708 6 \u65e5\u3002<\/p>\n<p>[14] Dexscreener\u3002\u622a\u81f3 2025 \u5e74 1 \u6708 2 \u65e5<\/p>\n<p>[15] Chain Catcher<\/p>\n<p>[16] Blockworks<\/p>\n<p>[17] \u5b89\u6c38\uff0c\u300a\u8d27\u5e01\u5206\u6790\u300b<\/p>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale\uff1a2024\u5e74\u52a0\u5bc6\u5e02\u573a\u7684\u91cc\u7a0b\u7891\u4e8b\u4ef6\u53ca\u672c\u6708\u5e94\u5173\u6ce8\u5927\u4e8b \u6765\u6e90\uff1aGrayscale\uff1b\u7f16\u8bd1\uff1a\u9093\u901a\uff0c\u91d1\u8272 [&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-2046","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2046","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=2046"}],"version-history":[{"count":1,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2046\/revisions"}],"predecessor-version":[{"id":3752,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=\/wp\/v2\/posts\/2046\/revisions\/3752"}],"wp:attachment":[{"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wxjqcz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}