每周编辑精选 Weekly Editor's Picks（1216-1222）

Odaily星球日报Опубліковано о 2023-12-23Востаннє оновлено о 2023-12-23

Анотація

优质深度分析文章及一周热点恶补。

「每周编辑精选」是Odaily星球日报的一档“功能性”栏目。星球日报在每周覆盖大量即时资讯的基础上，也会发布许多优质的深度分析内容，但它们也许会藏在信息流和热点新闻中，与你擦肩而过。

因此，我们编辑部将于每周六从过去 7 天发布的内容中，摘选一些值得花费时间品读、收藏的优质文章，从数据分析、行业判断、观点输出等角度，给身处加密世界的你带来新的启发。

下面，来和我们一起阅读吧：

每周编辑精选 Weekly Editor's Picks（1216-1222）

投资

对号入座，火爆出圈的赛道都具备哪些要素？

参与门槛低、有持续的讨论、百花齐放而不是一枝独秀，“新”，赛道概念具有想象力，项目方和社区的积极宣传。

对于投资者来说，更需要技巧的是，该如何在狂欢中安全退出。可参考以下信号：重复造轮子没有创新，资金和热度被分散；龙头热度与价格降温，并没有稳定的上涨。

Spartan： 2024 年加密行业的九大趋势

3A 级Web3游戏，基于比特币的建设，消费者应用和亚洲市场，并购驱动的整合，主要应用、零知识证明和模块化区块链，链上代理、虚拟商品和美学加密品牌，DePIN 和比特币生态，AI×区块链，Web3消费者、社交和游戏，RWA 的代币化和比特币网络。

一览 2024 年三大叙事及热点项目

叙事通常以基于时间的模式展开。根据不同的特征来确定叙事是短的、中的还是长的。我们可以通过 CoinGecko 等平台分析一段时间内特定行业的动态；合理的衡量社媒热度在识别叙事中可发挥巨大的作用（如推特）；一些叙事是由加密货币领域外的事件触发的（如宏观）。

识别出潜在的叙事后，下一步是研究该叙事中的特定项目。需要跟踪的重要指标包括市值和完全稀释后市值（FDV）。

AI 值得关注的项目有 Bittensor（TAO）、Render（RNDR）、SingularityNet（AGIX）、Ocean Protocol（OCEAN）Autonolas（OLAS）、PAAL AI（PAAL）、OctaSpace（OCTA）、Akash Network（AKT）。

RWA 值得关注的项目有 Maple Finance （MPL）、Centrifuge （CFG）、Pendle（PENDLE）、Landshare （LAND）、Realio（RIO）、Goldfinch （GFI）、Propchain（PROPC）、Galileo Protocol（LEOX）、Clearpool （CPOOL）、Credefi （CREDI）。

GameFi 值得关注的项目有 Nakamoto Games （NAKA）、Shrapnel （SHRAP）、Big Time （BIGTIME）、Star Atlas（$ATLAS）、Dubbz（DUBBZ）。

一览 Messari 分析师持仓情况：Solana 成为投资共识

看多比特币和 Solana ，看好 AI 代币，大部分都持有 SOL 或者相关的生态代币，其次是 OLAS\AKT\TAO\RNDR 等 AI 概念代币，还有 DePIN、DeSoc、DeSci 这三个新兴叙事。更完整的论据见《Messari： 2024 年十大投资趋势》。

Pantera Capital：对 2024 年加密市场的 6 大预测

比特币的复苏和「DeFi Summer 2.0 」；为新的消费者用例代币化的社交体验；增加 TradFi-DeFi「桥」，如稳定币和镜像资产；模块化区块链和零知识证明的融合；更多的计算密集型应用程序上链，例如 AI 和 DePIN；整合公共区块链生态系统和应用链的「中心辐射式」模式。

Glassnode： 2023 年度链上数据回顾

净资本流入 BTC、 ETH 和稳定币。十月份是机构资本流动的主要枢纽点。目前，长期持有者持有的比特币供应量几乎达到历史最高水平，并且绝大多数比特币现在都处于盈利状态。Tether 重新确立了稳定币的主导地位、CME 期货颠覆了币安，以及期权市场的显着增长。

探寻比特币铭文之后的下一个热门赛道：POW 矿币

POW 机制之所以能够再次兴起，除了其安全性、稳定的基础设施、公平性和去中心化的特点之外，与新兴技术的结合也为其带来了新的机遇和发展空间。一些新的 POW 项目结合了当前的技术趋势，例如人工智能、物联网等技术，提出了创新的应用场景和解决方案，吸引了更多开发者和用户的关注。

从市值增长潜力的角度，现在的 POW 矿币正处在一个潜力巨大的黄金时期。

文章进一步介绍了 Kaspa、Spacemesh、Conflux、Bittensor。

AUCTION 暴涨，还有哪些值得关注的「金铲子」？

金铲子为加密行业持续注入资本杠杆活力。比特币生态中有 Bounce Brand （AUCTION）、TurtSat（TURT）、BitStable（BSSB）、MultiBit（MUBI），其他生态则有 Solana Saga 手机、TonUP（UP）、SuiPad （SUIP）。

DePIN 赛道崛起，一览 6 个值得关注的项目

IoTeX （IOTX）、Hivemapper (HONEY）、DIMO (DIMO)、Streamr （ DATA ）、WiCrypt（WNT）、XNET（XNET）。

创业

重新审视应用层：反身性时代终将结束

除了投机之外，加密货币很难吸引现实世界。应用层有两个组件：状态和逻辑。状态就是数据；逻辑就是计算。状态和逻辑都可以在链上或链下。

每周编辑精选 Weekly Editor's Picks（1216-1222）

第一象限：完全链上经济代表着投机和低效的金融服务；第二象限（可编程金融）的代表是 RWA、中心和稳定币；第三象限（链下应用）的代表是社交资产（比如代表身份的 NFT、friend.tech）、DEPIN。

随着第二象限和第三象限在加密经济中所占的比例越来越大，市场的反身性将会下降。一旦我们对加密资产和协议产生了外生需求，第一象限就会变得不那么循环。突然之间，Uniswap 不再只是一个促进投机的引擎，它还是一个需求相对稳定的去中心化业务。

DEPIN

深度解读 DePIN 赛道 5 个潜力项目

文章介绍了 Render Network、Helium、Livepeer、Arweave、Hivemapper。

DePIN 赛道目前仍然处于非常早期的阶段，虽然有很大的破圈潜力，但是让非 Web3 用户接入、理解和使用的门槛实际上是比较高的，并且缺乏完整的基础设施和统一的标准，导致开发、使用的体验一般，网络可用性不够强。各个项目的护城河不深。投资角度，DePIN 是一门有上下限的生意，项目都是有实打实的需求、供给和收入，代币价格有隐形的天花板。最近一个在 Solana 新起的概念叫「OPOS（Only Possible On Solana）」，声称很多应用将只能在 Solana 上实现，DePIN 就是他们一个主打的赛道。

比特币生态

比特币资产发行协议 RGB 真正的潜能在哪里？

RGB 要求每一个合约的每一个状态，都必须附身于某个比特币 UTXO；而一旦要变更这个状态，就必须花费这个 UTXO、让花费它的交易得到区块链的确认；此外，花费它的比特币交易还必须提供状态转换的内容的哈希值，以指明变更后的状态所附身的 UTXO。RGB 的优势是轻量的可验证状态、可扩展性、资产定义与报关机制的分化、隐私性加强、限制条款、交叉访问。

另推荐一篇超全回顾报告：《2023 年比特币现状总结及展望》和一篇《Ordinals 之外的创新：详解 Stamps 与 SRC-20 代币》。

铭文

一览铭文基础设施生态版图

钱包：Unisat、OX Web3钱包、Xverse、Ordinals Wallet、Hiro Wallet，

跨链：MultiBit、Analysoor、TeleportDAO，

交易市场：OKX Ordinals 市场、Unisat Marketplace、Ordinals Market、Ordswap、Magic Eden Bitcoin、Orders Exchange，

Launchpad：TurtSat、Luminex，铸造工具：Looksordinal、iDclub、CoinTool、MCT、BIIS，

数据 & 查询：ordiscan、BRC-20.io、OrdSpace、Ordinals Directory、Best in Slot、GeniiData、Whatscription、OrdinalHub。

另推荐一篇“索引导航”：《铭文玩家必读：链上铭文市场指南》。

多生态与跨链

推荐《Solana DeFi 现状全解读： 10 大板块纵览》。

一周热点恶补

过去的一周内，铭文压力测试各公链性能，SOL 市值突破 420 亿美元，美联邦法官批准币安与 CFTC 和解协议，SEC 开放评议期，以权衡是否应区别对待以太坊与比特币现货 ETF，CertiK 发出高危预警，敦促升级 OKX iOS 应用，FTX 及其关联债务人与联合官方清算人达成全球和解，三箭资本清算方：预计债权人可回收约 45.74% 的资产；

此外，观点与发声方面，彭博 ETF 分析师：SEC 持续性战略拖延 ETF 申请是为了避免个别公司有先发优势，余弦：通过低交易费用恶意卡住铭文交易是可能的，Ordinals 反对者、PoW 发明者 Adam Back：你无法阻止比特币上的 JPEG，Zhu Su：铭文在加密领域中是一个非常具有颠覆性的新原语；

机构、大公司与头部项目方面，德林控股：正向香港证监会申请虚拟资产管理牌照，拟将该类资产配置比例控制在 5% 以下，明年 4 月 Runes 主网或将推出，BakerySwap：比特币链游项目 Bitcoin Cats IDO 超额认购 150 倍，ETHW Core 宣布解散，服务器将暂时性转移至 OneDao，公链 Lisk 将基于 Gelato RaaS 平台通过 OP Stack 构建L2，并计划于新链上空投，INJS：因 bot 泛滥已终止 INJS 发行，未来将调整策略以更优方式回归；

NFT 和 GameFi 领域，Delegate 创始人：Flooring Protocol 或遭攻击， 14 个 BAYC 和 36 个 Pudgy Penguins 被盗，Boring Security：由于 NFT Trader 被盗的 BAYC 已在我们手中，将免费送还被盗者，Epic Games 商店改变加密政策，P2E游戏可重新上架……嗯，又是跌宕起伏的一周。

附《每周编辑精选》系列传送门。

下期再会~

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