{"id":2322,"date":"2025-11-19T19:41:44","date_gmt":"2025-11-19T11:41:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=2322"},"modified":"2025-11-19T19:41:44","modified_gmt":"2025-11-19T11:41:44","slug":"2025%e5%b9%b4%e5%b1%95%e6%9c%9b%ef%bc%9a%e8%ae%a9defi%e5%86%8d%e6%ac%a1%e4%bc%9f%e5%a4%a7","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=2322","title":{"rendered":"2025\u5e74\u5c55\u671b\uff1a\u8ba9DeFi\u518d\u6b21\u4f1f\u5927"},"content":{"rendered":"

2025\u5e74\u5c55\u671b\uff1a\u8ba9DeFi\u518d\u6b21\u4f1f\u5927<\/h1>\n
\n

\u4f5c\u8005\uff1aYBB Capital \u7814\u7a76\u5458 Ac-Core<\/p>\n

\u8981\u70b9<\/h2>\n
    \n
  • \n

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  • \n

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  • \n

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  • \n

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  • \n

    Binance \u548c Coinbase \u6700\u8fd1\u5728\u5176\u4e0a\u5e02\u8d8b\u52bf\u4e2d\u9752\u7750\u4e0e DeFi \u76f8\u5173\u7684\u4ee3\u5e01\u3002<\/p>\n<\/li>\n<\/ul>\n

    1\u3001\u5f71\u54cd\u6574\u4f53\u8d8b\u52bf\u7684\u5916\u90e8\u56e0\u7d20\uff1a<\/h2>\n

    1.1 World Libertyfi \u548c\u7279\u6717\u666e\u653f\u5e9c<\/h3>\n

    \"gXFUncC1foqSNLeEZdf8fzt2uiUzEA5qvEgumJqd.png\"<\/p>\n

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    \u6700\u8fd1\uff0cWorld Liberty Financial \u5728 12 \u6708\u4efd\u7684\u8d2d\u4e70\u884c\u4e3a\u5bf9\u5e02\u573a\u4ea7\u751f\u4e86\u5f71\u54cd\uff0c\u5bfc\u81f4\u5305\u62ec ETH\u3001cbBTC\u3001LINK\u3001AAVE\u3001ENA \u548c ONDO \u5728\u5185\u7684\u51e0\u79cd DeFi \u4ee3\u5e01\u4ef7\u683c\u53cd\u5f39\u3002<\/p>\n

    1.2 \u7279\u6717\u666e\u4e0a\u53f0\u540e\u9884\u671f\u5c06\u51fa\u53f0\u52a0\u5bc6\u8d27\u5e01\u53cb\u597d\u653f\u7b56<\/h3>\n

    \u7f8e\u56fd\u7b2c 47 \u4efb\u603b\u7edf\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u5c06\u4e8e 2025 \u5e74 1 \u6708 20 \u65e5\u5c31\u804c\uff0c\u9884\u8ba1\u5176\u6267\u653f\u671f\u95f4\u5c06\u5b9e\u65bd\u7684\u52a0\u5bc6\u5229\u597d\u653f\u7b56\u5305\u62ec\uff1a<\/p>\n

      \n
    • \n

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        \n
      • \n

        \u52a0\u5bc6\u8d27\u5e01\u5408\u6cd5\u5316\u7684\u5e38\u6001\u5316<\/strong><\/p>\n<\/li>\n<\/ul>\n

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          \n
        • \n

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          \"ZVBD3cFeYhjGyPkGpgyGLMihKrsbfRTCd9Q5Nlrf.png\"<\/p>\n

          \u56fe\u7247\u6570\u636e\u6765\u6e90\uff1aInvesting<\/span><\/p>\n

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          \u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u6570\u636e\u663e\u793a\uff0c11\u6708\u6838\u5fc3\u901a\u80c0\u8fde\u7eed\u7b2c\u56db\u4e2a\u5b63\u5ea6\u4e0a\u6da80.3%\uff0c\u540c\u6bd4\u4e0a\u6da83.3%\u3002\u4f4f\u623f\u6210\u672c\u6709\u6240\u7f13\u89e3\uff0c\u4f46\u4e0d\u5305\u62ec\u98df\u54c1\u548c\u80fd\u6e90\u7684\u5546\u54c1\u4ef7\u683c\u4e0a\u6da80.3%\uff0c\u4e3a2023\u5e745\u6708\u4ee5\u6765\u7684\u6700\u5927\u6da8\u5e45\u3002<\/p>\n

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          \u56e0\u6b64\uff0cDeFi \u5728\u4f4e\u5229\u7387\u73af\u5883\u4e2d\u53d7\u76ca\uff0c\u539f\u56e0\u6709\u4e8c\uff1a<\/p>\n

          1\u3001\u964d\u4f4e\u8d44\u672c\u673a\u4f1a\u6210\u672c\uff1a\u968f\u7740\u4f20\u7edf\u91d1\u878d\u4ea7\u54c1\u6536\u76ca\u7387\u4e0b\u964d\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u4f1a\u8f6c\u5411 DeFi \u4ee5\u83b7\u5f97\u66f4\u9ad8\u7684\u6536\u76ca\uff08\u540c\u65f6\u4e5f\u610f\u5473\u7740\u52a0\u5bc6\u5e02\u573a\u7684\u6f5c\u5728\u5229\u6da6\u7387\u5c06\u88ab\u538b\u7f29\uff09\u3002<\/p>\n

          2\u3001\u964d\u4f4e\u501f\u8d37\u6210\u672c\uff1a\u66f4\u4fbf\u5b9c\u7684\u878d\u8d44\u9f13\u52b1\u501f\u8d37\u5e76\u4fc3\u8fdb DeFi \u751f\u6001\u7cfb\u7edf\u7684\u6d3b\u8dc3\u3002<\/p>\n

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          \"jHyW2hdXMrJhqWOmuZcd5a6XcB6JybE2KusTayZ8.png\"<\/p>\n

          \u56fe\u7247\u6570\u636e\u6765\u6e90\uff1aDeFiLlama<\/span><\/p>\n

          2\u3001\u94fe\u4e0a\u589e\u957f\u63a8\u52a8\u5e02\u573a\u8d8b\u52bf<\/h2>\n

          2.1 \u501f\u8d37\u534f\u8baeAAVE\u7684\u6062\u590d<\/h3>\n

          \"1henGn5vNgZ8dSzqTNFVDcupInBowV6iv6Fp6k95.png\"<\/p>\n

          \u56fe\u7247\u6765\u6e90\uff1aCryptotimes<\/span><\/p>\n

          AAVE V1\u3001V2\u3001V3 \u67b6\u6784\u57fa\u672c\u76f8\u540c\uff0c\u4f46 V4 \u7684\u5173\u952e\u5347\u7ea7\u662f\u5f15\u5165\u4e86\u201c\u7edf\u4e00\u6d41\u52a8\u6027\u5c42\u201d\u3002\u8be5\u529f\u80fd\u662f AAVE V3 \u4e2d\u5f15\u5165\u7684 Portal \u6982\u5ff5\u7684\u5ef6\u4f38\u3002Portal \u4f5c\u4e3a V3 \u4e2d\u7684\u4e00\u9879\u8de8\u94fe\u529f\u80fd\uff0c\u65e8\u5728\u5b9e\u73b0\u8de8\u94fe\u8d44\u4ea7\u4f9b\u5e94\uff0c\u4f46\u5f88\u591a\u7528\u6237\u5e76\u4e0d\u719f\u6089\u6216\u4ece\u672a\u4f7f\u7528\u8fc7\u3002Portal \u7684\u76ee\u7684\u662f\u901a\u8fc7\u8de8\u94fe\u94f8\u9020\u548c\u9500\u6bc1 aToken \u6765\u6865\u63a5\u4e0d\u540c\u533a\u5757\u94fe\u4e4b\u95f4\u7684\u8d44\u4ea7\u3002<\/p>\n

          \u4f8b\u5982\uff0cAlice \u5728\u4ee5\u592a\u574a\u4e0a\u6301\u6709 10 aETH\uff0c\u60f3\u5c06\u5176\u8f6c\u79fb\u5230 Arbitrum\u3002\u5979\u53ef\u4ee5\u901a\u8fc7\u767d\u540d\u5355\u6865\u63a5\u534f\u8bae\u63d0\u4ea4\u4ea4\u6613\uff0c\u534f\u8bae\u5c06\u6267\u884c\u4ee5\u4e0b\u6b65\u9aa4\uff1a<\/p>\n

            \n
          • \n

            Arbitrum \u4e0a\u7684\u5408\u7ea6\u6682\u65f6\u94f8\u9020\u4e86 10 aETH\uff0c\u6ca1\u6709\u4efb\u4f55\u57fa\u7840\u8d44\u4ea7\u3002<\/p>\n<\/li>\n

          • \n

            \u8fd9\u4e9b aETH \u88ab\u8f6c\u79fb\u7ed9\u4e86 Alice\u3002<\/p>\n<\/li>\n

          • \n

            \u6279\u5904\u7406\u8fc7\u7a0b\u5c06\u5b9e\u9645\u7684 10 ETH \u6865\u63a5\u5230 Arbitrum\u3002<\/p>\n<\/li>\n

          • \n

            \u4e00\u65e6\u8d44\u91d1\u5230\u4f4d\uff0c\u8fd9\u4e9b ETH \u5c31\u4f1a\u88ab\u6ce8\u5165 AAVE \u6c60\u4ee5\u652f\u6301\u94f8\u9020\u7684 aETH\u3002<\/p>\n<\/li>\n<\/ul>\n

            Portal \u5141\u8bb8\u7528\u6237\u8de8\u94fe\u8f6c\u79fb\u8d44\u91d1\uff0c\u4ee5\u8ffd\u6c42\u66f4\u9ad8\u7684\u5b58\u6b3e\u5229\u7387\u3002\u5c3d\u7ba1 Portal \u5b9e\u73b0\u4e86\u8de8\u94fe\u6d41\u52a8\u6027\uff0c\u4f46\u5176\u8fd0\u884c\u4f9d\u8d56\u4e8e\u767d\u540d\u5355\u6865\u63a5\u534f\u8bae\u800c\u975e AAVE \u7684\u6838\u5fc3\u534f\u8bae\uff0c\u7528\u6237\u65e0\u6cd5\u76f4\u63a5\u901a\u8fc7 AAVE \u4f7f\u7528\u6b64\u529f\u80fd\u3002<\/p>\n

            V4 \u4e2d\u7684\u201c\u7edf\u4e00\u6d41\u52a8\u6027\u5c42\u201d\u5bf9\u6b64\u8fdb\u884c\u4e86\u6539\u8fdb\uff0c\u4f7f\u7528\u6a21\u5757\u5316\u8bbe\u8ba1\u6765\u7ba1\u7406\u4f9b\u5e94\u3001\u501f\u8d37\u9650\u989d\u3001\u5229\u7387\u3001\u8d44\u4ea7\u548c\u6fc0\u52b1\u63aa\u65bd\uff0c\u4ece\u800c\u5b9e\u73b0\u6d41\u52a8\u6027\u7684\u52a8\u6001\u548c\u66f4\u9ad8\u6548\u5206\u914d\u3002\u6b64\u5916\uff0c\u6a21\u5757\u5316\u8bbe\u8ba1\u4f7f AAVE \u80fd\u591f\u8f7b\u677e\u5f15\u5165\u6216\u5220\u9664\u65b0\u6a21\u5757\uff0c\u800c\u65e0\u9700\u5927\u89c4\u6a21\u7684\u6d41\u52a8\u6027\u8fc1\u79fb\u3002<\/p>\n

            \u501f\u52a9 Chainlink \u7684\u8de8\u94fe\u4e92\u64cd\u4f5c\u6027\u534f\u8bae (CCIP)\uff0cAAVE V4 \u8fd8\u5c06\u6784\u5efa\u4e00\u4e2a\u201c\u8de8\u94fe\u6d41\u52a8\u6027\u5c42\u201d\uff0c\u4f7f\u7528\u6237\u80fd\u591f\u8de8\u4e0d\u540c\u7f51\u7edc\u5373\u65f6\u8bbf\u95ee\u6240\u6709\u6d41\u52a8\u6027\u8d44\u6e90\u3002\u901a\u8fc7\u8fd9\u4e9b\u6539\u8fdb\uff0cPortal \u5c06\u53d1\u5c55\u6210\u4e3a\u4e00\u4e2a\u5b8c\u6574\u7684\u8de8\u94fe\u6d41\u52a8\u6027\u534f\u8bae\u3002<\/p>\n

            \u9664\u4e86\u201c\u7edf\u4e00\u6d41\u52a8\u6027\u5c42\u201d\u4e4b\u5916\uff0cAAVE V4 \u8fd8\u8ba1\u5212\u63a8\u51fa\u65b0\u529f\u80fd\uff0c\u5305\u62ec\u52a8\u6001\u5229\u7387\u3001\u6d41\u52a8\u6027\u6ea2\u4ef7\u3001\u667a\u80fd\u8d26\u6237\u3001\u52a8\u6001\u98ce\u9669\u53c2\u6570\u914d\u7f6e\u4ee5\u53ca\u6269\u5c55\u5230\u975e EVM \u751f\u6001\u7cfb\u7edf\uff0c\u4ee5\u7a33\u5b9a\u5e01 GHO \u548c AAVE \u501f\u8d37\u534f\u8bae\u4f5c\u4e3a Aave \u7f51\u7edc\u7684\u6838\u5fc3\u3002<\/p>\n

            \u4f5c\u4e3a DeFi \u9886\u57df\u7684\u9886\u5bfc\u8005\uff0cAAVE \u5728\u8fc7\u53bb\u4e09\u5e74\u4e2d\u4e00\u76f4\u5360\u636e\u7ea6 50% \u7684\u5e02\u573a\u4efd\u989d\u3002V4 \u7684\u53d1\u5e03\u65e8\u5728\u8fdb\u4e00\u6b65\u6269\u5927\u5176\u751f\u6001\u7cfb\u7edf\uff0c\u670d\u52a1\u4e8e 10 \u4ebf\u6f5c\u5728\u7528\u6237\u7fa4\u3002<\/p>\n

            \"Z34B4v8dxfQXecjMwZk1tw4qwHfOzx3CPiBVLaaJ.png\"<\/p>\n

            \u56fe\u7247\u6570\u636e\u6765\u6e90\uff1aDeFiLlama<\/span><\/p>\n

            \u622a\u81f3 2024 \u5e74 12 \u6708 18 \u65e5\uff0cAAVE \u7684 TVL \u51fa\u73b0\u4e86\u663e\u8457\u589e\u957f\uff0c\u8d85\u8fc7\u4e86 2021 \u5e74 DeFi \u590f\u5b63\u5cf0\u503c\u6c34\u5e73 30%\uff0c\u8fbe\u5230 230.56 \u4ebf\u7f8e\u5143\u3002\u8fd9\u4e00\u8f6e DeFi \u534f\u8bae\u7684\u53d8\u5316\uff0c\u76f8\u8f83\u4e8e\u4e0a\u4e00\u8f6e\uff0c\u66f4\u52a0\u4fa7\u91cd\u4e8e\u6a21\u5757\u5316\u501f\u8d37\uff0c\u63d0\u9ad8\u8d44\u91d1\u6548\u7387\u3002\uff08\u5173\u4e8e\u6a21\u5757\u5316\u501f\u8d37\u534f\u8bae\u7684\u66f4\u591a\u7ec6\u8282\uff0c\u53ef\u4ee5\u53c2\u8003\u6211\u4eec\u4e4b\u524d\u7684\u6587\u7ae0\u300a\u6a21\u5757\u5316\u53d9\u4e8b\u7684\u884d\u751f\u54c1\uff1aDeFi \u501f\u8d37\u7684\u6a21\u5757\u5316\u6f14\u8fdb\u300b\uff09<\/p>\n

            2.2 \u5e74\u5ea6\u6700\u5f3a\u884d\u751f\u54c1\u9ed1\u9a6c\uff1aHyperliquid<\/h3>\n

            \"04MSJi23ezZRmP6fe0OHGxwdyirdYwXDcPcKiPPC.png\"<\/p>\n

            \u56fe\u7247\u6765\u6e90\uff1aMedium\uff1aHyperliquid<\/span><\/p>\n

            \u6839\u636eYunt Capital\uff08@stevenyuntcap\uff09\u7684\u7814\u7a76\uff0cHyperliquid\u5e73\u53f0\u7684\u6536\u5165\u6765\u6e90\u5305\u62ec\u5373\u65f6\u4e0a\u5e02\u62cd\u5356\u8d39\u3001HLP\u505a\u5e02\u5546\u76c8\u4e8f\u4ee5\u53ca\u5e73\u53f0\u8d39\u3002\u524d\u4e24\u4e2a\u662f\u516c\u5f00\u4fe1\u606f\uff0c\u800c\u56e2\u961f\u6700\u8fd1\u89e3\u91ca\u4e86\u7b2c\u4e09\u4e2a\u6536\u5165\u6765\u6e90\u3002\u636e\u6b64\u6211\u4eec\u53ef\u4ee5\u4f30\u7b97\u51faHyperliquid\u4ece\u5e74\u521d\u81f3\u4eca\u7684\u603b\u6536\u5165\u7ea6\u4e3a4400\u4e07\u7f8e\u5143\uff0c\u5176\u4e2dHLP\u8d21\u732e\u4e864000\u4e07\u7f8e\u5143\u3002HLP\u7b56\u7565A\u4e8f\u635f200\u4e07\u7f8e\u5143\uff0c\u7b56\u7565B\u76c8\u5229200\u4e07\u7f8e\u5143\u3002\u6e05\u7b97\u6536\u5165\u4e3a400\u4e07\u7f8e\u5143\u3002\u5728HYPE\u4ee3\u5e01\u4e0a\u7ebf\u65f6\uff0c\u56e2\u961f\u901a\u8fc7\u63f4\u52a9\u57fa\u91d1\u94b1\u5305\u4ece\u5e02\u573a\u4e0a\u56de\u8d2d\u4e86HYPE\u4ee3\u5e01\u3002\u5047\u8bbe\u56e2\u961f\u6ca1\u6709\u5176\u4ed6USDC AF\u94b1\u5305\uff0c\u90a3\u4e48\u4ece\u5e74\u521d\u81f3\u4ecaUSDC AF\u7684\u76c8\u4e8f\u4e3a5200\u4e07\u7f8e\u5143\u3002<\/p>\n

            \u56e0\u6b64\uff0c\u52a0\u4e0a HLP \u7684 4400 \u4e07\u7f8e\u5143\u548c USDC AF \u7684 5200 \u4e07\u7f8e\u5143\uff0cHyperliquid \u4ece\u5e74\u521d\u81f3\u4eca\u7684\u603b\u6536\u5165\u7ea6\u4e3a 9600 \u4e07\u7f8e\u5143\uff0c\u8d85\u8fc7 Lido\uff0c\u6210\u4e3a 2024 \u5e74\u6536\u5165\u7b2c\u4e5d\u5927\u7684\u52a0\u5bc6\u8d27\u5e01\u9879\u76ee\u3002<\/p>\n

            Messari Research\u7684@defi_monk \u6700\u8fd1\u5bf9 HYPE \u4ee3\u5e01\u8fdb\u884c\u4e86\u4f30\u503c\u7814\u7a76\u3002\u5176 FDV \u7ea6\u4e3a 130 \u4ebf\u7f8e\u5143\uff0c\u5728\u5408\u9002\u7684\u5e02\u573a\u6761\u4ef6\u4e0b\uff0c\u53ef\u80fd\u8d85\u8fc7 300 \u4ebf\u7f8e\u5143\u3002\u6b64\u5916\uff0cHyperliquid \u8ba1\u5212\u901a\u8fc7\u5176 TGE \u63a8\u51fa HyperEVM\uff0c\u9884\u8ba1\u5c06\u6709\u8d85\u8fc7 35 \u4e2a\u56e2\u961f\u53c2\u4e0e\u65b0\u7684\u751f\u6001\u7cfb\u7edf\uff0c\u4f7f Hyperliquid \u66f4\u63a5\u8fd1\u6210\u4e3a\u901a\u7528\u7684 Layer 1 \u533a\u5757\u94fe\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u5e94\u7528\u94fe\u3002<\/p>\n

            \"I5QSGhmAAhyJupx3JBX2Ebudf4pUZEPS5cLWtg8p.png\"<\/p>\n

            \u56fe\u7247\u6765\u6e90\uff1aMessari<\/span><\/p>\n

            Hyperliquid \u5e94\u8be5\u91c7\u7528\u65b0\u7684\u4f30\u503c\u6846\u67b6\u3002\u901a\u5e38\uff0c\u6740\u624b\u7ea7\u5e94\u7528\u548c\u5176 Layer 1 \u7f51\u7edc\u662f\u5206\u5f00\u7684\u3002\u6765\u81ea\u5e94\u7528\u7684\u6536\u5165\u5f52\u5e94\u7528\u4ee3\u5e01\uff0c\u800c\u6765\u81ea Layer 1 \u7f51\u7edc\u7684\u6536\u5165\u5f52\u7f51\u7edc\u9a8c\u8bc1\u8005\u3002\u7136\u800c\uff0cHyperliquid \u6574\u5408\u4e86\u8fd9\u4e9b\u6536\u5165\u6765\u6e90\u3002\u56e0\u6b64\uff0cHyperliquid \u4e0d\u4ec5\u62e5\u6709\u9886\u5148\u7684\u53bb\u4e2d\u5fc3\u5316\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u5e73\u53f0\uff08Perp DEX\uff09\uff0c\u8fd8\u63a7\u5236\u4e86\u5176\u5e95\u5c42 Layer 1 \u7f51\u7edc\u3002\u6211\u4eec\u4f7f\u7528\u5206\u90e8\u603b\u548c\u4f30\u503c\u6765\u53cd\u6620\u5176\u5782\u76f4\u6574\u5408\u7684\u7279\u5f81\u3002\u9996\u5148\uff0c\u6211\u4eec\u6765\u770b\u770b Perp DEX \u7684\u4f30\u503c\u3002<\/p>\n

            Messari \u5bf9\u884d\u751f\u54c1\u5e02\u573a\u7684\u603b\u4f53\u770b\u6cd5\u4e0e Multicoin Capital \u548c ASXN \u4e00\u81f4\uff0c\u4f46\u6709\u4e00\u4e2a\u4f8b\u5916\u2014\u2014Hyperliquid \u7684\u5e02\u573a\u4efd\u989d\u3002Perp DEX \u5e02\u573a\u662f\u4e00\u4e2a\u201c\u8d62\u5bb6\u901a\u5403\u201d\u7684\u5e02\u573a\uff0c\u539f\u56e0\u5982\u4e0b\uff1a<\/p>\n

              \n
            • \n

              \u4efb\u4f55 Perp DEX \u90fd\u53ef\u4ee5\u542f\u52a8\u4efb\u4f55\u6c38\u7eed\u5408\u7ea6\uff0c\u4ece\u800c\u6d88\u9664\u533a\u5757\u94fe\u788e\u7247\u5316\u95ee\u9898\u3002<\/p>\n<\/li>\n

            • \n

              \u4e0e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e0d\u540c\uff0c\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e0d\u9700\u8981\u4f7f\u7528\u8bb8\u53ef\u3002<\/p>\n<\/li>\n

            • \n

              \u5728\u8ba2\u5355\u6d41\u548c\u6d41\u52a8\u6027\u65b9\u9762\u5b58\u5728\u7f51\u7edc\u6548\u5e94\u3002<\/p>\n<\/li>\n<\/ul>\n

              \u672a\u6765\uff0cHyperliquid \u7684\u4e3b\u5bfc\u5730\u4f4d\u8fd8\u5c06\u7ee7\u7eed\u589e\u957f\u3002Hyperliquid \u9884\u8ba1\u5230 2027 \u5e74\u5c06\u5360\u636e\u8fd1\u4e00\u534a\u7684\u94fe\u4e0a\u5e02\u573a\u4efd\u989d\uff0c\u521b\u9020 5.51 \u4ebf\u7f8e\u5143\u7684\u6536\u5165\u3002\u76ee\u524d\uff0c\u4ea4\u6613\u8d39\u5c5e\u4e8e\u793e\u533a\uff0c\u56e0\u6b64\u88ab\u89c6\u4e3a\u5b9e\u9645\u6536\u5165\u3002\u57fa\u4e8e DeFi \u4f30\u503c\u6807\u51c6\u7684 15 \u500d\u500d\u6570\uff0c\u4f5c\u4e3a\u72ec\u7acb\u4e1a\u52a1\u7684 Perp DEX \u4f30\u503c\u4e3a 83 \u4ebf\u7f8e\u5143\u3002\u5bf9\u4e8e\u4f01\u4e1a\u5ba2\u6237\uff0c\u4f60\u53ef\u4ee5\u53c2\u8003\u6211\u4eec\u7684\u5b8c\u6574\u6a21\u578b\u3002\u73b0\u5728\u6211\u4eec\u6765\u770b\u770b L1 \u4f30\u503c\uff1a<\/p>\n

              \u901a\u5e38\uff0cL1 \u7684\u4f30\u503c\u662f\u4f7f\u7528\u5176\u4e0a\u8fd0\u884c\u7684 DeFi \u5e94\u7528\u7a0b\u5e8f\u7684\u6ea2\u4ef7\u6765\u8bc4\u4f30\u7684\u3002\u968f\u7740 Hyperliquid \u5728\u5176\u7f51\u7edc\u4e0a\u7684\u6d3b\u52a8\u4e0d\u65ad\u589e\u52a0\uff0c\u5176\u4f30\u503c\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u4e0a\u5347\u3002Hyperliquid \u76ee\u524d\u662f TVL \u6392\u540d\u7b2c 11 \u7684\u533a\u5757\u94fe\u3002\u7c7b\u4f3c\u7684\u7f51\u7edc\uff0c\u5982 Sei \u548c Injective\uff0c\u4f30\u503c\u5206\u522b\u4e3a 50 \u4ebf\u7f8e\u5143\u548c 30 \u4ebf\u7f8e\u5143\uff0c\u800c\u7c7b\u4f3c\u89c4\u6a21\u7684\u9ad8\u6027\u80fd\u7f51\u7edc\uff0c\u5982 Sui \u548c Aptos\uff0c\u4f30\u503c\u5206\u522b\u4e3a 300 \u4ebf\u7f8e\u5143\u548c 120 \u4ebf\u7f8e\u5143\u3002<\/p>\n

              \u7531\u4e8e HyperEVM \u5c1a\u672a\u4e0a\u7ebf\uff0cHyperliquid \u7684 L1 \u4f30\u503c\u4fdd\u5b88\u4f30\u8ba1\u6709 50 \u4ebf\u7f8e\u5143\u7684\u6ea2\u4ef7\u3002\u4f46\u6839\u636e\u76ee\u524d\u7684\u5e02\u573a\u4ef7\u683c\uff0cL1 \u4f30\u503c\u53ef\u80fd\u63a5\u8fd1 100 \u4ebf\u7f8e\u5143\u751a\u81f3\u66f4\u9ad8\u3002<\/p>\n

              \u56e0\u6b64\uff0c\u5728\u57fa\u672c\u60c5\u51b5\u4e0b\uff0cHyperliquid \u7684 Perp DEX \u7684\u4f30\u503c\u4e3a 83 \u4ebf\u7f8e\u5143\uff0c\u5176 L1 \u7f51\u7edc\u7684\u4f30\u503c\u4e3a 50 \u4ebf\u7f8e\u5143\uff0c\u4f7f\u5176\u603b FDV \u8fbe\u5230\u7ea6 133 \u4ebf\u7f8e\u5143\u3002\u5728\u718a\u5e02\u60c5\u51b5\u4e0b\uff0c\u5176\u4f30\u503c\u7ea6\u4e3a 30 \u4ebf\u7f8e\u5143\uff0c\u800c\u5728\u725b\u5e02\u60c5\u51b5\u4e0b\uff0c\u5176\u4f30\u503c\u53ef\u80fd\u8fbe\u5230 340 \u4ebf\u7f8e\u5143\u3002<\/p>\n

              3\u3001\u7ed3\u8bba<\/h2>\n

              \u5c55\u671b2025\u5e74\uff0cDeFi\u751f\u6001\u7684\u5168\u9762\u590d\u82cf\u548c\u98d9\u5347\u65e0\u7591\u5c06\u6210\u4e3a\u4e3b\u6d41\u53d9\u4e8b\u3002\u968f\u7740\u7279\u6717\u666e\u653f\u5e9c\u5bf9\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u7684\u653f\u7b56\u652f\u6301\uff0c\u7f8e\u56fd\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u8fce\u6765\u4e86\u66f4\u4e3a\u6709\u5229\u7684\u76d1\u7ba1\u73af\u5883\uff0cDeFi\u6b63\u8fce\u6765\u524d\u6240\u672a\u6709\u7684\u521b\u65b0\u548c\u589e\u957f\u673a\u4f1a\u3002\u4f5c\u4e3a\u501f\u8d37\u534f\u8bae\u7684\u9886\u5bfc\u8005\uff0cAAVE\u51ed\u501fV4\u4e2d\u7684\u6d41\u52a8\u6027\u5c42\u521b\u65b0\u9010\u6e10\u6062\u590d\u5e76\u8d85\u8d8a\u4e86\u6614\u65e5\u7684\u8f89\u714c\uff0c\u6210\u4e3aDeFi\u501f\u8d37\u9886\u57df\u7684\u6838\u5fc3\u529b\u91cf\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5728\u884d\u751f\u54c1\u5e02\u573a\uff0cHyperliquid\u8fc5\u901f\u5d1b\u8d77\u6210\u4e3a2024\u5e74\u6700\u5f3a\u7684\u9ed1\u9a6c\uff0c\u4ee5\u5176\u51fa\u8272\u7684\u6280\u672f\u521b\u65b0\u548c\u9ad8\u6548\u7684\u5e02\u573a\u4efd\u989d\u6574\u5408\u5438\u5f15\u4e86\u5927\u91cf\u7528\u6237\u548c\u6d41\u52a8\u6027\u3002<\/p>\n

              \u4e0e\u6b64\u540c\u65f6\uff0c\u5e01\u5b89\u3001Coinbase\u7b49\u4e3b\u6d41\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u7b56\u7565\u4e5f\u5728\u4e0d\u65ad\u6f14\u8fdb\uff0cDeFi\u76f8\u5173\u4ee3\u5e01\u6210\u4e3a\u65b0\u5173\u6ce8\u70b9\uff0c\u6bd4\u5982\u8fd1\u671f\u4e0a\u7ebf\u7684ACX\u3001ORCA\u3001COW\u3001CETUS\u3001VELODROME\u7b49\uff0c\u4e24\u5927\u5e73\u53f0\u7684\u4e3e\u52a8\u4f53\u73b0\u4e86\u5e02\u573a\u5bf9DeFi\u7684\u4fe1\u5fc3\u3002<\/p>\n

              DeFi \u7684\u7e41\u8363\u4e0d\u4ec5\u9650\u4e8e\u501f\u8d37\u548c\u884d\u751f\u54c1\u5e02\u573a\uff0c\u8fd8\u5c06\u5728\u7a33\u5b9a\u5e01\u3001\u6d41\u52a8\u6027\u4f9b\u5e94\u3001\u8de8\u94fe\u89e3\u51b3\u65b9\u6848\u7b49\u9886\u57df\u5168\u9762\u5f00\u82b1\u3002\u53ef\u4ee5\u9884\u89c1\uff0c\u5728\u653f\u7b56\u3001\u6280\u672f\u548c\u5e02\u573a\u529b\u91cf\u7684\u63a8\u52a8\u4e0b\uff0cDeFi \u5c06\u5728 2025 \u5e74\u518d\u6b21\u5d1b\u8d77\uff0c\u6210\u4e3a\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u4e0d\u53ef\u6216\u7f3a\u7684\u4e00\u90e8\u5206\u3002<\/p>\n<\/div>\n

              \n
              \n
              <\/div>\n
              \n
              \n

              <\/h3>\n

              \n<\/div>\n

              \u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

              <\/p>\n","protected":false},"excerpt":{"rendered":"

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