{"id":905,"date":"2026-02-14T15:13:02","date_gmt":"2026-02-14T07:13:02","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=905"},"modified":"2026-02-14T15:13:02","modified_gmt":"2026-02-14T07:13:02","slug":"%e8%a2%ab%e5%8d%8e%e5%b0%94%e8%a1%97%e5%86%b7%e8%90%bd%e7%9a%84%e4%bb%a5%e5%a4%aa%e5%9d%8a%ef%bc%9a%e5%9f%ba%e6%9c%ac%e9%9d%a2%e4%b8%8e-eth-%e4%bb%b7%e6%a0%bc%e4%b8%ba%e4%bd%95%e8%83%8c%e7%a6%bb","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=905","title":{"rendered":"\u88ab\u534e\u5c14\u8857\u51b7\u843d\u7684\u4ee5\u592a\u574a\uff1a\u57fa\u672c\u9762\u4e0e ETH \u4ef7\u683c\u4e3a\u4f55\u80cc\u79bb\uff1f"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"BitMine \u589e\u6301 37 \u4e07\u679a\u4ee5\u592a\u5e01\uff01\u664b\u5347\u300c\u7b2c\u4e8c\u5927\u52a0\u5bc6\u5e01\u50a8\u5907\u516c\u53f8\u300d\u3001\u4ec5\u6b21\u4e8e Strategy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/20250724141424-79288b86-af04-4dbd-92c9-cb67d958c546-131-750x375.jpg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/20250724141424-79288b86-af04-4dbd-92c9-cb67d958c546-131-750x375.jpg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/20250724141424-79288b86-af04-4dbd-92c9-cb67d958c546-131-360x180.jpg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/20250724141424-79288b86-af04-4dbd-92c9-cb67d958c546-131-1140x570.jpg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u88ab\u534e\u5c14\u8857\u51b7\u843d\u7684\u4ee5\u592a\u574a\uff1a\u57fa\u672c\u9762\u4e0e ETH \u4ef7\u683c\u4e3a\u4f55\u80cc\u79bb\uff1f\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p><strong>\u4f5c\u8005\uff1aClow \u767d\u8bdd\u533a\u5757\u94fe<\/strong><\/p>\n<hr \/>\n<p>2025 \u5e74\uff0c\u4ee5\u592a\u574a\u7ecf\u5386\u4e86\u4e00\u573a\u5178\u578b\u7684\u300c\u57fa\u672c\u9762\u4e0e\u4ef7\u683c\u80cc\u79bb\u300d\u3002<\/p>\n<p>8 \u6708\uff0cETH \u4ef7\u683c\u7a81\u7834 2021 \u5e74\u7684\u524d\u9ad8\uff0c\u89e6\u53ca 4,900 \u7f8e\u5143\u4e0a\u65b9\uff0c\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u3002\u5e02\u573a\u60c5\u7eea\u8fbe\u5230\u300c\u6781\u5ea6\u8d2a\u5a6a\u300d\uff0c\u5173\u4e8e\u300c\u4ee5\u592a\u574a\u8d85\u8d8a\u6bd4\u7279\u5e01\u300d\u7684\u8ba8\u8bba\u518d\u6b21\u751a\u56a3\u5c18\u4e0a\u3002<\/p>\n<p>\u7136\u800c\u597d\u666f\u4e0d\u957f\uff0c\u5230\u5e74\u5e95\uff0cETH \u4ef7\u683c\u56de\u843d\u81f3 2,900 \u7f8e\u5143\u9644\u8fd1\uff0c\u8f83\u6700\u9ad8\u70b9\u4e0b\u8dcc\u8fd1 40% \u3002\u5982\u679c\u770b\u8fd1 365 \u5929\u7684\u6570\u636e\uff0c\u8dcc\u5e45\u8fbe 13.92%\uff0c\u6ce2\u52a8\u7387\u9ad8\u8fbe 141% \u3002<\/p>\n<p>\u540a\u8be1\u7684\u662f\uff0c\u8fd9\u4e00\u5e74\u4ee5\u592a\u574a\u5728\u6280\u672f\u4e0a\u5176\u5b9e\u4ea4\u51fa\u4e86\u4e00\u4efd\u4eae\u773c\u7684\u6210\u7ee9\u5355\uff1a\u6210\u529f\u5b9e\u65bd Pectra \u548c Fusaka \u4e24\u6b21\u91cc\u7a0b\u7891\u5f0f\u5347\u7ea7\uff0c\u5f7b\u5e95\u91cd\u6784\u4e86\u7f51\u7edc\u7684\u6269\u5bb9\u80fd\u529b\uff1bLayer 2 \u751f\u6001\u5448\u73b0\u7206\u53d1\u5f0f\u589e\u957f\uff0cBase \u94fe\u5e74\u6536\u5165\u8d85\u8d8a\u4f17\u591a\u516c\u94fe\uff1b\u8d1d\u83b1\u5fb7\u7b49\u5de8\u5934\u900f\u8fc7 BUIDL \u57fa\u91d1\u786e\u7acb\u4e86\u4ee5\u592a\u574a\u4f5c\u4e3a\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff08RWA\uff09\u9996\u9009\u7ed3\u7b97\u5c42\u7684\u5730\u4f4d\uff0c\u57fa\u91d1\u89c4\u6a21\u8fbe\u8d85\u8fc7 20 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u6280\u672f\u5728\u8fdb\u6b65\uff0c\u751f\u6001\u5728\u7e41\u8363\uff0c\u4f46\u4ef7\u683c\u5374\u5728\u4e0b\u8dcc\u3002<\/p>\n<p>\u8fd9\u573a\u300c\u57fa\u672c\u9762\u4e0e\u4ef7\u683c\u80cc\u79bb\u300d\u7684\u80cc\u540e\uff0c\u5230\u5e95\u53d1\u751f\u4e86\u4ec0\u4e48\u4e8b\uff1f<\/p>\n<h3>\u901a\u7f29\u795e\u8bdd\u7684\u7834\u706d<\/h3>\n<p>\u8981\u7406\u89e3\u8fd9\u573a\u80cc\u79bb\uff0c\u5fc5\u987b\u4ece Dencun \u5347\u7ea7\u8bf4\u8d77\u3002<\/p>\n<p>2024 \u5e74 3 \u6708 13 \u65e5\u7684 Dencun \u5347\u7ea7\uff0c\u662f\u5bfc\u81f4\u4ee5\u592a\u574a\u901a\u8d27\u7d27\u7f29\u53d9\u4e8b\u5d29\u584c\u7684\u76f4\u63a5\u5bfc\u706b\u7ebf\u3002<\/p>\n<p>\u6b64\u6b21\u5347\u7ea7\u7684\u6838\u5fc3\u662f\u5f15\u8fdb EIP-4844\uff0c\u900f\u8fc7 Blob \u4ea4\u6613\u4e3a L2 \u63d0\u4f9b\u4e13\u7528\u7684\u8d44\u6599\u53ef\u7528\u6027\u5c42\u3002\u6280\u672f\u4e0a\uff0c\u8fd9\u6b21\u5347\u7ea7\u582a\u79f0\u5b8c\u7f8e\u2500\u2500 L2 \u7684\u4ea4\u6613\u6210\u672c\u66b4\u8dcc 90% \u4ee5\u4e0a\uff0cArbitrum \u3001 Optimism \u7b49\u7f51\u8def\u7684\u4f7f\u7528\u8005\u4f53\u9a8c\u5927\u5e45\u6539\u5584\u3002\u4f46\u5728\u4ee3\u5e01\u7ecf\u6d4e\u5b66\u4e0a\uff0c\u5374\u5f15\u53d1\u4e86\u5267\u70c8\u9707\u8361\u3002<\/p>\n<p>\u5728 EIP-1559 \u673a\u5236\u4e0b\uff0cETH \u7684\u9500\u6bc1\u91cf (\u901a\u7f29\u52a8\u529b) \u76f4\u63a5\u53d6\u51b3\u4e8e\u533a\u5757\u7a7a\u95f4\u7684\u62e5\u585e\u7a0b\u5ea6\u3002 Dencun \u5927\u5e45\u589e\u52a0\u4e86\u6570\u636e\u53ef\u7528\u6027\u7684\u4f9b\u7ed9\uff0c\u4f46\u9700\u6c42\u4fa7\u5e76\u672a\u540c\u6b65\u8ddf\u4e0a\u2014\u2014\u867d\u7136 L2 \u4ea4\u6613\u91cf\u6b63\u5728\u589e\u957f\uff0c\u4f46 Blob \u7a7a\u95f4\u4f9b\u8fc7\u4e8e\u6c42\uff0c\u5bfc\u81f4 Blob \u8d39\u7528\u957f\u671f\u5f98\u5f8a\u5728\u63a5\u8fd1\u96f6\u7684\u6c34\u5e73\u3002<\/p>\n<p>\u6570\u636e\u6700\u80fd\u8bf4\u660e\u95ee\u9898\u3002\u5347\u7ea7\u524d\uff0c\u4ee5\u592a\u574a\u5728\u9ad8\u5cf0\u671f\u65e5\u5747\u9500\u6bc1\u53ef\u8fbe\u6570\u5343 ETH\uff1bDencun \u5347\u7ea7\u540e\uff0c\u7531\u4e8e Blob \u8d39\u7528\u66b4\u8dcc\uff0c\u6574\u4f53\u9500\u6bc1\u91cf\u9aa4\u964d\u3002\u66f4\u5173\u952e\u7684\u662f\uff0cETH \u7684\u53d1\u884c\u91cf (\u6bcf\u4e2a\u533a\u5757\u7ea6 1800 ETH\/\u65e5) \u5f00\u59cb\u8d85\u8fc7\u9500\u6bc1\u91cf\uff0c\u4ee5\u592a\u574a\u4ece\u901a\u7f29\u91cd\u56de\u901a\u81a8\u72b6\u6001\u3002<\/p>\n<p>\u6839\u636e ultrasound.money \u6570\u636e\uff0c2024 \u5e74\u4ee5\u592a\u574a\u7684\u5e74\u901a\u81a8\u7387\u4ece\u5347\u7ea7\u524d\u7684\u8d1f\u503c\u8f6c\u4e3a\u6b63\u503c\uff0c\u610f\u5473\u8457 ETH \u603b\u4f9b\u5e94\u91cf\u4e0d\u518d\u51cf\u5c11\uff0c\u800c\u662f\u6bcf\u5929\u51c0\u589e\u957f\u3002\u8fd9\u5f7b\u5e95\u98a0\u8986\u4e86\u300c\u8d85\u97f3\u6ce2\u8d27\u5e01\u300d(Ultra Sound Money) \u7684\u53d9\u4e8b\u57fa\u7840\u3002<\/p>\n<p>Dencun \u5b9e\u9645\u4e0a\u6682\u65f6\u300c\u6740\u6b7b\u300d\u4e86\u4ee5\u592a\u574a\u7684\u901a\u7f29\u6545\u4e8b\u3002 ETH \u4ece\u4e00\u79cd\u300c\u8d8a\u7528\u8d8a\u5c11\u300d\u7684\u7a00\u7f3a\u8d44\u4ea7\uff0c\u53d8\u56de\u4e86\u4e00\u79cd\u6e29\u548c\u901a\u81a8\u7684\u8d44\u4ea7\u3002\u8fd9\u79cd\u8d27\u5e01\u653f\u7b56\u7684\u7a81\u7136\u8f6c\u5411\uff0c\u8ba9\u8bb8\u591a\u57fa\u4e8e\u300d\u8d85\u97f3\u6ce2\u8d27\u5e01\u300d\u7406\u8bba\u6295\u8d44 ETH \u7684\u4eba\u611f\u5230\u5931\u671b\u5e76\u9009\u62e9\u79bb\u573a\u3002\u4e00\u4f4d\u957f\u671f\u6301\u6709\u8005\u5728\u793e\u4ea4\u5a92\u4f53\u4e0a\u5199\u9053:\u300c\u6211\u662f\u56e0\u4e3a\u901a\u7f29\u624d\u4e70\u7684 ETH\uff0c\u73b0\u5728\u8fd9\u4e2a\u903b\u8f91\u6ca1\u4e86\uff0c\u6211\u4e3a\u4ec0\u4e48\u8fd8\u8981\u6301\u6709\uff1f\u300d<\/p>\n<p>\u6280\u672f\u5347\u7ea7\u672c\u662f\u5229\u597d\uff0c\u4f46\u77ed\u671f\u5185\u5374\u6210\u4e86\u4ef7\u683c\u6740\u624b\u3002\u8fd9\u5c31\u662f\u4ee5\u592a\u574a\u5f53\u4e0b\u6700\u5927\u7684\u6096\u8bba\uff1aL2 \u8d8a\u6210\u529f\uff0c\u4e3b\u7f51\u8def\u4ef7\u503c\u6355\u6349\u8d8a\u5f31\uff1b\u4f7f\u7528\u8005\u4f53\u9a8c\u8d8a\u597d\uff0cETH \u6301\u6709\u8005\u8d8a\u53d7\u4f24\u3002<\/p>\n<h3>L2 \u7684\u53cc\u9762\u5203\uff1a\u5438\u8840\u9b3c\u8fd8\u662f\u62a4\u57ce\u6cb3\uff1f<\/h3>\n<p>2025 \u5e74\uff0c\u5173\u4e8e Layer 2 \u4e0e Layer 1 \u5173\u7cfb\u7684\u4e89\u8bba\u8fbe\u5230\u4e86\u9876\u5cf0\u3002<\/p>\n<p>\u4ece\u8d22\u52a1\u62a5\u8868\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u4ee5\u592a\u574a L1 \u7684\u72b6\u51b5\u786e\u5b9e\u4ee4\u4eba\u62c5\u5fe7\u3002 Coinbase \u5f00\u53d1\u7684 Base \u94fe\u5728 2025 \u5e74\u4ea7\u751f\u4e86\u8d85\u8fc7 7,500 \u4e07\u7f8e\u5143\u7684\u6536\u5165\uff0c\u5360\u636e\u4e86\u6574\u4e2a L2 \u677f\u5757\u8fd1 60% \u7684\u5229\u6da6\u4efd\u989d\u3002\u76f8\u8f83\u4e4b\u4e0b\uff0c\u4ee5\u592a\u574a L1 \u5728 8 \u6708\u867d\u7136\u4ea4\u6613\u6d3b\u8dc3\uff0c\u4f46\u534f\u8bae\u6536\u5165\u4ec5 3,920 \u4e07\u7f8e\u5143\uff0c\u751a\u81f3\u4e0d\u5982 Base \u7684\u4e00\u4e2a\u5b63\u5ea6\u3002<\/p>\n<p>\u5982\u679c\u5c06\u4ee5\u592a\u574a\u89c6\u4e3a\u4e00\u5bb6\u516c\u53f8\uff0c\u5176\u8425\u6536\u5927\u5e45\u4e0b\u964d\uff0c\u800c\u5e02\u503c\u4f9d\u7136\u9ad8\u4f01\uff0c\u8fd9\u5728\u4f20\u7edf\u4ef7\u503c\u6295\u8d44\u8005\u773c\u4e2d\u663e\u5f97\u300c\u6602\u8d35\u300d\u3002<\/p>\n<p>\u300cL2 \u662f\u5bc4\u751f\u866b\uff0c\u6b63\u5728\u5438\u5e72\u4ee5\u592a\u574a\u7684\u8840\u3002\u300d\u8fd9\u662f\u5e02\u573a\u4e0a\u7684\u4e00\u79cd\u4e3b\u6d41\u89c2\u70b9\u3002<\/p>\n<p>\u4f46\u6df1\u5165\u5206\u6790\u4f1a\u53d1\u73b0\uff0c\u4e8b\u60c5\u8fdc\u8fdc\u6ca1\u6709\u8fd9\u4e48\u7b80\u5355\u3002<\/p>\n<p>L2 \u7684\u6240\u6709\u7ecf\u6d4e\u6d3b\u52a8\u6700\u7ec8\u90fd\u4ee5 ETH \u8ba1\u4ef7\u3002\u5728 Arbitrum \u6216 Base \u4e0a\uff0c\u7528\u6237\u652f\u4ed8 Gas \u7528\u7684\u662f ETH\uff0c\u5728 DeFi \u534f\u8bae\u4e2d\uff0c\u6838\u5fc3\u62b5\u62bc\u54c1\u662f ETH \u3002 L2 \u8d8a\u7e41\u8363\uff0cETH \u4f5c\u4e3a\u300c\u8d27\u5e01\u300d\u7684\u6d41\u52a8\u6027\u5c31\u8d8a\u5f3a\u3002<\/p>\n<p>\u8fd9\u79cd\u8d27\u5e01\u6ea2\u4ef7\u662f\u65e0\u6cd5\u5355\u7eaf\u7528 L1 \u7684 Gas \u6536\u5165\u6765\u8861\u91cf\u7684\u3002<\/p>\n<p>\u4ee5\u592a\u574a\u6b63\u5728\u4ece\u300c\u76f4\u63a5\u670d\u52a1\u7528\u6237\u300d\u8f6c\u578b\u4e3a\u300c\u670d\u52a1 L2 \u7f51\u8def\u300d\u3002 L2 \u5411 L1 \u652f\u4ed8\u7684 Blob \u8d39\u7528\uff0c\u672c\u8d28\u4e0a\u662f\u8d2d\u4e70\u4ee5\u592a\u574a\u7684\u5b89\u5168\u6027\u548c\u8d44\u6599\u53ef\u7528\u6027\u3002\u867d\u7136\u76ee\u524d Blob \u8d39\u7528\u4f4e\uff0c\u4f46\u968f\u8457 L2 \u6570\u91cf\u7684\u6fc0\u589e\uff0c\u8fd9\u79cd B2B \u7684\u6536\u5165\u6a21\u5f0f\u53ef\u80fd\u6bd4\u5355\u7eaf\u4f9d\u8d56\u6563\u6237\u7684 B2C \u6a21\u5f0f\u66f4\u5177\u6c38\u7eed\u6027\u3002<\/p>\n<p>\u4e00\u4e2a\u7c7b\u6bd4\u662f\uff1a\u4ee5\u592a\u574a\u4e0d\u518d\u662f\u96f6\u552e\u5546\uff0c\u800c\u662f\u5728\u505a\u6279\u6b21\u53d1\u751f\u610f\u3002\u867d\u7136\u5355\u7b14\u5229\u6da6\u4f4e\u4e86\uff0c\u4f46\u89c4\u6a21\u6548\u5e94\u53ef\u80fd\u66f4\u5927\u3002<\/p>\n<p>\u95ee\u9898\u5728\u4e8e\uff0c\u5e02\u573a\u8fd8\u6ca1\u6709\u7406\u89e3\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u7684\u8f6c\u53d8\u3002<\/p>\n<h3>\u7ade\u4e89\u683c\u5c40\uff1a\u591a\u9762\u627f\u538b<\/h3>\n<p>\u5982\u679c\u4e0d\u8c08\u8bba\u7ade\u4e89\u5bf9\u624b\uff0c\u5c31\u65e0\u6cd5\u5b8c\u6574\u8ba8\u8bba\u4ee5\u592a\u574a\u7684\u56f0\u5883\u3002<\/p>\n<p>\u6839\u636e Electric Capital \u7684 2025 \u5e74\u5ea6\u62a5\u544a\uff0c\u4ee5\u592a\u574a\u4f9d\u7136\u662f\u6beb\u65e0\u4e89\u8bae\u7684\u5f00\u53d1\u8005\u9738\u4e3b\uff0c\u5168\u5e74\u6d3b\u8dc3\u5f00\u53d1\u8005\u8fbe\u5230 31869 \u4eba\uff0c\u5176\u5168\u804c\u5f00\u53d1\u8005\u6570\u91cf\u662f\u5176\u4ed6\u751f\u6001\u65e0\u6cd5\u6bd4\u62df\u7684\u3002<\/p>\n<p>\u4f46\u5728\u65b0\u5f00\u53d1\u8005\u7684\u4e89\u593a\u6218\u4e2d\uff0c\u4ee5\u592a\u574a\u6b63\u5728\u5931\u53bb\u4f18\u52bf\u3002 Solana \u7684\u6d3b\u8dc3\u5f00\u53d1\u8005\u8fbe\u5230 17\uff0c708 \u4eba\uff0c\u8f83\u53bb\u5e74\u540c\u671f\u6210\u957f 83%\uff0c\u5e76\u5728\u65b0\u5165\u884c\u5f00\u53d1\u8005\u4e2d\u8868\u73b0\u62a2\u773c\u3002<\/p>\n<p>\u66f4\u91cd\u8981\u7684\u662f\u8d5b\u9053\u5206\u5316\u3002<\/p>\n<p>\u5728 PayFi\uff08\u652f\u4ed8\u91d1\u878d\uff09\u9886\u57df\uff0cSolana \u4ee5\u9ad8 TPS \u548c\u4f4e\u8d39\u7387\u786e\u7acb\u4e86\u9886\u5bfc\u5730\u4f4d\u3002 PayPal USD (PYUSD) \u5728 Solana \u4e0a\u7684\u53d1\u884c\u91cf\u6fc0\u589e\uff0cVisa \u7b49\u673a\u6784\u4e5f\u5f00\u59cb\u5728 Solana \u4e0a\u6d4b\u8bd5\u5927\u89c4\u6a21\u5546\u7528\u652f\u4ed8\u3002<\/p>\n<p>\u5728 DePIN\uff08\u53bb\u4e2d\u5fc3\u5316\u7269\u7406\u57fa\u5efa\uff09\u8d5b\u9053\uff0c\u4ee5\u592a\u574a\u66f4\u662f\u906d\u9047\u91cd\u632b\u3002\u7531\u4e8e L1 \u548c L2 \u4e4b\u95f4\u7684\u788e\u7247\u5316\u4ee5\u53ca Gas \u8d39\u6ce2\u52a8\uff0c\u660e\u661f\u9879\u76ee Render Network \u5728 2023 \u5e74 11 \u6708\u8fc1\u79fb\u81f3 Solana \u3002 Helium \u3001 Hivemapper \u7b49\u5934\u90e8 DePIN \u9879\u76ee\u5747\u9009\u62e9\u4e86 Solana \u3002<\/p>\n<p>\u4f46\u4ee5\u592a\u574a\u4e5f\u5e76\u975e\u5168\u9762\u6e83\u8d25\u3002<\/p>\n<p>\u5728 RWA\uff08\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff09\u548c\u673a\u6784\u91d1\u878d\u9886\u57df\uff0c\u4ee5\u592a\u574a\u4fdd\u6301\u8457\u7edd\u5bf9\u4e3b\u5bfc\u5730\u4f4d\u3002\u8d1d\u83b1\u5fb7\u7684 BUIDL \u57fa\u91d1 20 \u4ebf\u7f8e\u5143\u89c4\u6a21\uff0c\u5927\u90e8\u5206\u8fd0\u4f5c\u5728\u4ee5\u592a\u574a\u4e0a\u3002\u8fd9\u8bc1\u660e\u4e86\u5728\u5904\u7406\u5927\u89c4\u6a21\u8d44\u4ea7\u7ed3\u7b97\u65f6\uff0c\u4f20\u7edf\u91d1\u878d\u673a\u6784\u66f4\u4fe1\u4efb\u4ee5\u592a\u574a\u7684\u5b89\u5168\u6027\u3002<\/p>\n<p>\u5728\u7a33\u5b9a\u5e01\u5e02\u573a\uff0c\u4ee5\u592a\u574a\u5360\u636e 54% \u7684\u4efd\u989d\uff0c\u7ea6 1700 \u4ebf\u7f8e\u5143\uff0c\u4ecd\u7136\u662f\u300c\u7f51\u8def\u7f8e\u5143\u300d\u7684\u4e3b\u8981\u8f7d\u4f53\u3002<\/p>\n<p>\u4ee5\u592a\u574a\u62e5\u6709\u6700\u8d44\u6df1\u7684\u67b6\u6784\u5e08\u548c\u7814\u7a76\u5458\uff0c\u9002\u5408\u5efa\u6784\u590d\u6742\u7684 DeFi \u548c\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\uff1b\u800c\u7ade\u4e89\u5bf9\u624b\u5219\u5438\u5f15\u4e86\u5927\u91cf Web2 \u8f6c\u578b\u6765\u7684\u5e94\u7528\u5c42\u5f00\u53d1\u8005\uff0c\u9002\u5408\u5efa\u6784\u9762\u5411\u6d88\u8d39\u8005\u7684 App \u3002<\/p>\n<p>\u8fd9\u662f\u4e24\u79cd\u4e0d\u540c\u7684\u751f\u6001\u5b9a\u4f4d\uff0c\u4e5f\u51b3\u5b9a\u4e86\u672a\u6765\u7684\u7ade\u4e89\u65b9\u5411\u3002<\/p>\n<h3>\u534e\u5c14\u8857\u7684\u300c\u66a7\u6627\u300d\u6001\u5ea6<\/h3>\n<p>\u300c\u4f3c\u4e4e\u6ca1\u5f97\u5230\u534e\u5c14\u8857\u4e3b\u6d41\u91d1\u878d\u673a\u6784\u7684\u5f3a\u52bf\u8ba4\u53ef\u3002\u300d<\/p>\n<p>\u8fd9\u79cd\u611f\u89c9\u5e76\u975e\u9519\u89c9\u3002 The Block \u6570\u636e\u663e\u793a\uff0c\u622a\u81f3\u5e74\u5e95\uff0c\u4ee5\u592a\u5e01 ETF \u51c0\u6d41\u5165\u7ea6 98 \u4ebf\u7f8e\u5143\uff0c\u800c\u6bd4\u7279\u5e01 ETF \u5219\u9ad8\u8fbe 218 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u4e3a\u4ec0\u4e48\u673a\u6784\u5bf9\u4ee5\u592a\u574a\u5982\u6b64\u300c\u51b7\u6de1\u300d\uff1f<\/p>\n<p>\u6838\u5fc3\u539f\u56e0\u662f\uff1a\u7531\u4e8e\u76d1\u7ba1\u9650\u5236\uff0c2025 \u5e74\u4e0a\u5e02\u7684\u73b0\u8d27 ETF \u5254\u9664\u4e86\u8d28\u62bc\u529f\u80fd\u3002<\/p>\n<p>\u534e\u5c14\u8857\u6700\u770b\u91cd\u7684\u662f\u73b0\u91d1\u6d41\u3002\u4ee5\u592a\u574a\u539f\u751f\u7684 3-4% \u8d28\u62bc\u6b96\u5229\u7387\u672c\u662f\u5176\u5bf9\u6297\u7f8e\u503a\u7684\u6838\u5fc3\u7ade\u4e89\u529b\u3002\u7136\u800c\uff0c\u5bf9\u4e8e\u8d1d\u83b1\u5fb7\u6216\u5bcc\u8fbe\u7684\u5ba2\u6237\u800c\u8a00\uff0c\u6301\u6709\u4e00\u4e2a\u300c\u96f6\u606f\u300d\u7684\u98ce\u9669\u8d44\u4ea7\uff08ETF \u4e2d\u7684 ETH\uff09\uff0c\u8fdc\u4e0d\u5982\u76f4\u63a5\u6301\u6709\u7f8e\u503a\u6216\u9ad8\u80a1\u606f\u80a1\u7968\u6709\u5438\u5f15\u529b\u3002<\/p>\n<p>\u8fd9\u76f4\u63a5\u5bfc\u81f4\u4e86\u673a\u6784\u8d44\u91d1\u6d41\u5165\u7684\u300c\u5929\u82b1\u677f\u300d\u6548\u5e94\u3002<\/p>\n<p>\u66f4\u6df1\u5c42\u7684\u95ee\u9898\u662f\u5b9a\u4f4d\u6a21\u7cca\u3002\u5728 2021 \u5e74\u5468\u671f\u4e2d\uff0c\u673a\u6784\u5c06 ETH \u89c6\u4e3a\u52a0\u5bc6\u5e02\u573a\u7684\u300c\u79d1\u6280\u80a1\u6307\u6570\u300d\uff0c\u5373\u9ad8\u8d1d\u5854\u8d44\u4ea7\u2014\u2014\u5e02\u573a\u597d\uff0cETH \u5c31\u5e94\u8be5\u6da8\u5f97\u6bd4 BTC \u591a\u3002<\/p>\n<p>\u4f46\u5728 2025 \u5e74\uff0c\u8fd9\u4e2a\u903b\u8f91\u4e0d\u518d\u6210\u7acb\u3002\u5982\u679c\u8ffd\u6c42\u7a33\u5065\uff0c\u673a\u6784\u9009\u62e9 BTC\uff1b\u5982\u679c\u8ffd\u6c42\u9ad8\u98ce\u9669\u9ad8\u56de\u62a5\uff0c\u4ed6\u4eec\u8f6c\u5411\u5176\u4ed6\u9ad8\u6027\u80fd\u516c\u70bc\u6216 AI \u76f8\u5173\u4ee3\u5e01\u3002 ETH \u7684\u300c\u963f\u5c14\u6cd5\u300d\u6536\u76ca\u4e0d\u518d\u660e\u786e\u3002<\/p>\n<p>\u7136\u800c\uff0c\u673a\u6784\u4e5f\u5e76\u975e\u5b8c\u5168\u653e\u5f03\u4ee5\u592a\u574a\u3002<\/p>\n<p>\u8d1d\u83b1\u5fb7 BUIDL \u57fa\u91d1\u7684 20 \u4ebf\u7f8e\u5143\u5168\u90e8\u5728\u4ee5\u592a\u574a\u4e0a\uff0c\u8fd9\u91ca\u653e\u4e86\u4e00\u4e2a\u6e05\u6670\u7684\u4fe1\u53f7\uff1a\u5728\u5904\u7406\u6570\u4ebf\u7f8e\u5143\u7ea7\u522b\u7684\u8d44\u4ea7\u7ed3\u7b97\u65f6\uff0c\u4f20\u7edf\u91d1\u878d\u673a\u6784\u53ea\u4fe1\u4efb\u4ee5\u592a\u574a\u7684\u5b89\u5168\u6027\u548c\u6cd5\u5f8b\u786e\u5b9a\u6027\u3002<\/p>\n<p>\u673a\u6784\u5bf9\u4ee5\u592a\u574a\u7684\u6001\u5ea6\uff0c\u66f4\u50cf\u662f\u300c\u6218\u7565\u8ba4\u53ef\uff0c\u4f46\u6218\u672f\u89c2\u671b\u300d\u3002<\/p>\n<h3>\u7ffb\u76d8\u7684\u4e94\u5927\u53ef\u80fd<\/h3>\n<p>\u9762\u5bf9\u5f53\u524d\u7684\u4f4e\u8ff7\uff0c\u4ee5\u592a\u574a\u672a\u6765\u9760\u4ec0\u4e48\u7ffb\u76d8\uff1f<\/p>\n<p><strong>\u7b2c\u4e00\uff0c\u8d28\u62bc ETF \u7684\u7834\u51b0\u3002<\/strong><\/p>\n<p>2025 \u5e74\u7684 ETF \u53ea\u662f\u300c\u534a\u6210\u54c1\u300d\uff0c\u673a\u6784\u6301\u6709 ETH \u65e0\u6cd5\u83b7\u5f97\u8d28\u62bc\u6536\u76ca\u3002\u4e00\u65e6\u6709\u8d28\u62bc\u529f\u80fd\u7684 ETF \u83b7\u6279\uff0cETH \u5c06\u77ac\u95f4\u53d8\u6210\u4e00\u79cd\u5e74\u5316\u6536\u76ca 3-4% \u7684\u7f8e\u5143\u8ba1\u4ef7\u8d44\u4ea7\u3002<\/p>\n<p>\u5bf9\u4e8e\u5168\u7403\u9000\u4f11\u91d1\u3001\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u800c\u8a00\uff0c\u8fd9\u79cd\u517c\u5177\u79d1\u6280\u6210\u957f\u6027\uff08\u4ef7\u683c\u4e0a\u6da8\uff09\u548c\u56fa\u5b9a\u6536\u76ca\uff08\u8d28\u62bc\u56de\u62a5\uff09\u7684\u8d44\u4ea7\uff0c\u5c06\u6210\u4e3a\u8d44\u4ea7\u914d\u7f6e\u8868\u4e2d\u7684\u6807\u51c6\u914d\u5907\u3002<\/p>\n<p><strong>\u7b2c\u4e8c\uff0cRWA \u7684\u7206\u53d1\u3002<\/strong><\/p>\n<p>\u4ee5\u592a\u574a\u6b63\u5728\u6210\u4e3a\u534e\u5c14\u8857\u7684\u65b0\u540e\u7aef\u3002\u8d1d\u83b1\u5fb7\u7684 BUIDL \u57fa\u91d1\u89c4\u6a21\u8fbe 20 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