钻石手终章：我看好的四大山寨币投资机会

深潮Published on 2025-07-22Last updated on 2025-07-23

明后年来看这一版💎👋能不能跑赢 BTC😎。

撰文：Lao Bai

两年没写钻石手系列，今儿来个第三版，也大概率是最后一版钻石手系列文了。因为币圈这个周期除了奖励 BTC 钻石手，其他钻的基本都被无情浇给。之前的钻石手系列也偏向找 Alpha，这一期偏 Beta，毕竟之前有些 Alpha 钻完被割的体无完肤，实在是往事不堪回首。

最大的 Beta 当然还是一超三强 BTC + ETH, SOL, BNB。山寨的 Beta 么， 我个人当前看好下面这四个，打算继续钻一钻。

1. AAVE - AAVE 算是为数不多上面一超三强之外你能长持且睡得着觉的标的，TVL 已经破前高到了 300 多亿，更难能可贵的是，这么多年了一次重大的安全事故都没有。你看 JP Morgan 之类的传统金融机构试水区块链，也都是优先选 AAVE 上测试点啥。

这波 RWA+ 稳定币，区块链与传统金融结合，提升效率多快好省，注定是区块链未来发展的第一大方向。能够蹭上车的标的，除了公链之外，Uniswap/Curve 的确定性反而没那么高，AAVE 则是确定一定以及肯定会在车上的龙头标的。未来几个月 V4 的上线也颇为期待，所以值得一钻。

2. Pendle - TVL 已经 60 亿，接近前高，稳得一米，即将迎来第三浪

Pendle 第一浪是背靠 Sushiswap 和一些 Defi 协议，把流动性挖矿等收益拆分出来，但没什么声浪与热度，因为那些收益着实很虚。

第二浪是上一波基于 Lido 和 Eigenlayer 的 LST/LRT，一飞冲天。毕竟收益实落了许多。

未来第三浪则是 RWA 和稳定币的一浪，传统金融里面收益分级和风险拆分是个极其重要的赛道，市场巨大（10 万亿 + 级别）。随着链上越来越多的 RWA 与稳定币资产，这个赛道一定是会跟着水涨船高的，且跟 AAVE 好歹还面临 Compound，Morpho 等竞争不同，Pendle 在这个赛道基本就是一家独大，拿着望远镜都看不到对手那种。

唯一不爽的是币价也太稳了，涨跌幅度都不大，先钻上几个月看看吧。

3. Hyperliquid - 本周期发币项目最强选手，没有之一

对其他链上 Perp 碾压式的用户体验 + 碾压式的交易深度，导致了碾压式的交易量领先与碾压式的市值领先。

而且 Hyperliquid 的定位就不是一个 Perp，它是链上的 Liquidity Layer，最近 Phantom 接入就是一个最好的证明，未来还会有更多的前端去接 Hyperliquid 这个流动性后端。

除了现在每天大量的买买买回购，后面还有 HyperEVM 的生态打造，HIP-3 的 RWA Perp 等各种后手在蓄势。

但 Hyper 是我唯一一个还没建仓的钻石手，原因是空投 4-10 都卖飞了，看着现在近 500 亿的市值有些怨念 + 下不去手，未来希望能找到好的点位机会，钻是一定要钻的，大不了等下个熊了再钻……

4. Bittensor - 我之前一直都偏 Bittensor 黑，直到最近才想明白开始转粉，打算钻它个 6-12 个月。

黑的原因是自然是他的 PMF，23 年就我开始质疑，现在也依旧怀疑，总觉得 Bittensor 跟 Filecoin 很像。

Filecoin 没真实商业需求就拿垃圾数据填充, Bittensor 没真实商业需求就自己创造需求然后矿工卷一个并没有什么卵用的推理结果，去年还有很多矿工与 Validator 勾结拿排放的 Rumor 等各种 Drama……

所以怎么看怎么觉得这玩意像 Filecoin。

那最近为啥想明白了呢？

首先 Crypto 发展到这个周期证伪了一堆赛道，证实了两个赛道。

证实的赛道一个是金融（Defi，RWA，稳定币都算），一个是 Gamble（meme，PolyMarket，以及各种链上 Casino 的形式都算）。

为数不多还在自证的，Crypto+AI 肯定是个头最大的，且这个赛道中短期内就算没法证实，也很难彻底证伪。

而所有目前这些 AI+Crypto 的项目，最难证伪的就是 Bittensor。

原因有这么几点：

  1. 它市值第一名，在这个赛道 Mindshare 也是第一名，想到 Crypto+AI 你第一个想到的肯定是它

  2. 当前阶段能完全说清楚 Bittensor 到底是干什么的人很少，不信你自己试试脑补下自己跟一个朋友花 10 分钟介绍 Bittensor，你能讲清楚么？

  3. 现在的子网已经铺到快 100 个了，明年两三百个应该问题不大，且有些子网真的有 PMF+ 有收入了 - （虽说客户大多也是 Web3 的项目，虽说那点收入相对于 Bittensor 的市值来说可以忽略不计）……

  4. 明年 1，2 月份 Bittensor 就要减半了，这东西跟 BTC 一样 2100 万硬顶，4 年左右一次减半，明年的减半肯定会是个大事件。

在排放机制和 Mindshare 上，这东西可以看做 AIxCrypto 赛道的 BTC。而子网设计，共识与证明机制上又像是 ETH - 搞不好哪个明星子网跑出来什么真有 PMF 的东西，就像 ETH 上跑出来 Uniswap 和 AAVE 一样。毕竟它的子网覆盖范围从去中心化训练，到数据，到算力，到推理，文字图像视频药物研究 blah blah blah 应有尽有，你能想到所有的 AI+Crypto 的细分领域基本都有一个或者几个子网在折腾事情。所以相对于其他项目，Bittensor 更像 ETH 这种底层平台的即视感，尤其是今年子网可以自己发币之后。

但 Bittensor 最大问题同样是市值很高，每天光是排放就有百万 U 以上，当前这个阶段消化起来还是挺费劲的，觉得贵的话明年前半前后可以重点关注下，当前可钻可不钻。

OK，钻石手系列就算彻底收官了，明后年回来看这最后一版的钻石手能不能跑赢 BTC，所以记录下今天的价格 - BTC-118275， AAVE - 312.7， Pendle - 4.43，Hyper - 44， TAO- 433。

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
CapricornAPR
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

Related Reads

Goldman Sachs' Summary After Silicon Valley Investigation: Agents Enter the Execution Era, AI Competition Shifts to Workflows, World Models Rise

Based on a recent field research in Silicon Valley, Goldman Sachs highlights a key shift in the AI industry: moving from systems that "answer questions" to autonomous AI agents that "execute tasks." Commercial models are transitioning from per-seat subscriptions to usage- and outcome-based pricing. The competition is shifting from raw model capability to mastery over specific business workflows, with value accruing to proprietary data, domain context, and operational expertise. A major hurdle for enterprise Agent deployment is not technical ability but "controllability"—issues of accountability, auditability, and error correction, especially in regulated fields. Workflows with clear rules, verifiable outcomes, and reversible actions (e.g., invoice processing) are being automated first. The model landscape is evolving toward a division of labor. Frontier models (like GPT-4) are expected to handle high-value, high-reliability core tasks, while improving open-source models will likely capture the majority (~90%) of inference tokens for standardized, high-volume tasks due to cost advantages. Finally, attention is moving from Large Language Models (LLMs) to "World Models," which understand physical environments, causality, and dynamic interactions. This shift elevates the importance of proprietary, real-world data (from industrial, scientific, and robotic systems) and could drive a second wave of compute demand. Goldman Sachs projects compute needs could grow ~24x over five years, benefiting cloud and infrastructure providers.

marsbit41m ago

Goldman Sachs' Summary After Silicon Valley Investigation: Agents Enter the Execution Era, AI Competition Shifts to Workflows, World Models Rise

marsbit41m ago

Fidelity Warns: The Boom in AI Agents May Not Be a Feast for Public Blockchains

Fidelity Digital Assets cautions that the anticipated boom in AI agents does not automatically guarantee a corresponding surge in public blockchain adoption or token value. While AI agents that can autonomously perform tasks like payments and data calls could theoretically utilize blockchain for settlement, a significant gap exists between "can use" and "must use." The analysis highlights six key risks. First, many AI agents, especially in corporate settings, may prefer closed, permissioned systems over public blockchains due to needs for speed, cost, compliance, and control. Second, increased on-chain transactions from AI-driven micropayments may not benefit native tokens if fees remain low or if value is captured by stablecoins and payment service providers instead. Third, while AI lowers development costs and increases the number of projects, more code does not equal more economic value and can lead to market oversaturation. Fourth, AI commoditizes coding, making pure technological advantage less of a sustainable moat; competition may shift to brand, liquidity, and user networks. Fifth, AI can also lower the cost of attacks by making vulnerability discovery easier, potentially outpacing security auditing and increasing ecosystem risk. Sixth, institutions may require "controlled blockchain" systems with robust identity, permissioning, and audit trails, conflicting with the permissionless nature of public chains. Ultimately, Fidelity argues against simply equating AI growth with blockchain prosperity. The narrative requires moving from speculation to a concrete analysis of which infrastructures can convert real AI agent needs into sustainable economic value, critically examining each step of the assumed value chain.

marsbit41m ago

Fidelity Warns: The Boom in AI Agents May Not Be a Feast for Public Blockchains

marsbit41m ago

Telegram Introduces WEB-Proxy Technology: Masks Traffic as Regular Website Visits

Telegram has introduced a new experimental WEB-Proxy technology designed to circumvent blocking by disguising messenger traffic as regular, secure website visits. Announced on August 21, 2026, the technology routes MTProxy data through an in-app WebView using HTTPS or WebSocket transport, making the data stream indistinguishable from legitimate web surfing. The core innovation is a multiplexed stream sent through a single WebView session. It uses special frame formats to pack multiple logical Telegram connections into one encrypted channel that externally resembles loading a web page. A server-side relay receives this stream, separates it into individual connections for the standard MTProxy, without decrypting content or knowing final destinations, thus preserving privacy. The WEB-Proxy operates on a standard HTTPS domain that also hosts a public website. The proxy bridge page is only activated by a specific URL parameter derived via HMAC-SHA256 from the proxy configuration; all other requests receive the normal site homepage. This provides reliable cover against automated detection systems. Currently a proof-of-concept, the system includes a desktop implementation, an experimental Android client, and plans for iOS support. The technology represents a shift towards more sophisticated integration with legitimate web infrastructure, complicating filtering systems that must choose between blocking HTTPS traffic entirely or allowing service access. Its long-term value will depend on resilience to adaptive traffic analysis and scalability without performance loss.

cryptonews.ru56m ago

Telegram Introduces WEB-Proxy Technology: Masks Traffic as Regular Website Visits

cryptonews.ru56m ago

Justin Sun Declares War on Altcoin: 'It Freezes User Assets Through a Hidden Function'

Justin Sun has declared war on the altcoin $USD1, accusing World Liberty Financial (WLF) of embedding "backdoor functions" in its stablecoin that could allow the company to freeze or destroy user assets. In a statement via X, Sun detailed his ongoing legal battle with WLF. He claims his legal team successfully opposed WLF's attempt to move their dispute into private arbitration, keeping the case public in a California federal court. Through this process, Sun alleges he discovered $USD1 has similar hidden authorization mechanisms that grant WLF unilateral control over user funds, posing a significant counterparty risk. Sun also raised concerns about WLF's financial health. He questioned the company's ability to cover potential liabilities, including his own claims which could reach hundreds of millions of dollars. He emphasized that the roughly $4 billion in collateral backing $USD1 belongs to its users and cannot be used to satisfy company obligations. Sun urged investors to exercise "extreme caution." WLF has not yet issued an official response to these allegations. Sun's claims remain unproven at this stage.

cryptonews.ru1h ago

Justin Sun Declares War on Altcoin: 'It Freezes User Assets Through a Hidden Function'

cryptonews.ru1h ago

MiCA is coming for DeFi vaults, but regulation will be difficult

The European Commission is exploring whether to extend the Markets in Crypto-Assets (MiCA) regulation to cover decentralized finance (DeFi) lending and borrowing, including lending vaults. These vaults, which channel billions into on-chain credit markets, present significant regulatory challenges because their decentralized structure doesn't map neatly onto existing financial frameworks. Their legal status is currently based on non-binding interpretations that they fall outside MiCA and EU fund rules. The article uses Morpho's decentralized lending protocol as an example, illustrating how responsibilities are divided among various participants (owner, curator, allocator, sentinel), making it difficult to identify a single "provider" to regulate. Experts warn that broadly categorizing "DeFi lending" could inadvertently capture vastly different structures. They argue that any regulatory approach should focus on the specific structure and control mechanisms of a vault, rather than using decentralization as a simple dividing line, and that DeFi lending may require a dedicated, carefully crafted framework distinct from traditional finance. The Commission's consultation closes on September 30, 2026. The core challenge for regulators is not just whether to regulate DeFi lending, but how to design rules that distinguish between different forms of on-chain lending and the entities that control them.

cointelegraph2h ago

MiCA is coming for DeFi vaults, but regulation will be difficult

cointelegraph2h ago

Trading

Spot

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

2.0k Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片

Top Questions