鏈上資產管理飆升至$ 35B：KeyRock＆Maple報告

鏈上資產管理正在蓬勃發展，達到35B美元的AUM。 KeyRock和Maple Finance強調了關鍵趨勢以及自動產量策略的興起。

On-Chain Asset Management Soars to $35B: Keyrock & Maple Report

鏈上資產管理飆升至$ 35B：KeyRock＆Maple報告

On-chain asset management is having a banner year, with assets under management (AUM) more than doubling to $35 billion. A recent report from Keyrock and Maple Finance sheds light on this explosive growth.

鏈上資產管理的旗幟一年，資產正在管理（AUM）增加一倍以上，達到350億美元。 KeyRock和Maple Finance的最新報告闡明了這種爆炸性的增長。

Key Findings: AUM Skyrockets

主要發現：AUM Skyrockets

The report highlights a surge of 118% in total AUM across various on-chain strategies in 2025. Automated yield strategies, discretionary strategies, structured products, and on-chain credit are all contributing to this impressive figure.

該報告重點介紹了2025年各種鏈上策略的總AUM的增長118％。自動產量策略，可酌情策略，結構化產品和鍊鍊信貸都為這一令人印象深刻的數字做出了貢獻。

Protocols like Morpho, Pendle, and Maple are leading the charge, accounting for a significant portion of the total value locked (TVL) on-chain. These platforms offer innovative ways for investors to participate in the decentralized finance (DeFi) ecosystem.

Morpho，Pendle和Maple等協議正在領導收費，佔總價值鎖定（TVL）鍊鍊的很大一部分。這些平台為投資者提供了創新的方式參與分散的金融（DEFI）生態系統。

Shrimps, Dolphins, and Whales: Who's Driving the Growth?

蝦，海豚和鯨魚：誰在推動增長？

While the majority of depositors are smaller investors (dubbed "shrimps"), the bulk of the capital comes from larger players – "dolphins" and "whales." These bigger investors are fueling the growth of on-chain AUM, providing the lion's share of the capital.

儘管大多數存款人是較小的投資者（稱為“蝦”），但大部分首都來自較大的參與者 - “海豚”和“鯨魚”。這些更大的投資者正在推動鏈上AUM的增長，從而提供了首都的股份。

Automated Yield: The Gateway to On-Chain AM

自動產量：通往鍊鍊的門戶

Automated yield strategies are proving to be a popular entry point for allocators, representing the largest share of AUM at $18 billion. These strategies offer a convenient and accessible way to earn yield on digital assets.

事實證明，自動收益策略是分配者的流行切入點，代表AUM最大的份額，為180億美元。這些策略提供了一種方便且可訪問的方式來賺取數字資產的收益率。

On-Chain vs. TradFi: A New Paradigm?

鏈與Tradfi：新範式？

The report suggests that on-chain strategies are maturing and delivering competitive returns, often with greater transparency and accessibility than traditional financial products. However, it also acknowledges the inherent risks, including smart contract exploits and market capacity limitations.

該報告表明，與傳統金融產品相比，鏈上策略正在成熟並提供競爭性回報，通常具有更大的透明度和可訪問性。但是，它還承認固有的風險，包括智能合約利用和市場容量限制。

Looking Ahead: Growth on the Horizon

展望未來：地平線增長

Keyrock and Maple anticipate continued growth in the on-chain asset management space, projecting AUM could reach $64 billion in the next cycle. They envision on-chain asset management becoming a fundamental part of the global financial landscape, driven by innovation, composability, and increasing institutional adoption.

KeyRock和Maple預計，鍊鍊資產管理領域的持續增長，預測AUM在下一個週期中可能會達到640億美元。他們設想在創新，合成性和增加機構採用的推動下，鍊鍊資產管理成為全球金融環境的基本組成部分。

The Maple Syrup Effect

楓糖漿效果

Maple's recent success with its syrupUSD pre-deposit vault, filling almost instantly, underscores the growing demand for on-chain financial products. The future looks bright for on-chain asset management, folks!

Maple最近通過其糖漿前的穹頂上的保管庫即時填充了糖漿的成功，這突顯了對鏈金融產品的不斷增長的需求。伙計們，對鏈資產管理的未來看起來很光明！