Coinw寫了Web3時代的混合動力劇本

在過去的一年中，集中式交流已經開始安靜但重要的轉變。領先的CEX越來越多地探索，而不是呆在封閉的平台內

Centralized exchanges are adapting to a new crypto landscape. After the FTX collapse, the industry is focused on decentralization, and exchanges are pivoting to meet this shift in user behavior and market expectations.

集中式交流正在適應新的加密景觀。 FTX崩潰後，該行業專注於權力下放，交易所正在旋轉以滿足用戶行為和市場期望的這種轉變。

This is also driving tighter global regulations, presenting a dual challenge for exchanges to stay competitive while building trust.

這也推動了更嚴格的全球法規，對交流在建立信任時保持競爭力的雙重挑戰。

To navigate this, a new class of platforms—often dubbed “Next-Gen CEXs”—are emerging. These exchanges are no longer limited to trading services; they are building infrastructure, launching protocols, and supporting entire on-chain ecosystems.

為了解決這個問題，新的平台通常被稱為“下一代CEXS”。這些交流不再限於交易服務；他們正在建設基礎架構，啟動協議並支持整個鏈生態系統。

The rise of Next-Gen CEXs marks a broader industry transition. As user expectations evolve, exchanges are being pushed to deliver both performance and trust. And as the boundaries between centralized and decentralized platforms are becoming increasingly blurred, market dynamics force CEXs to redefine their roles beyond mere trading venues.

下一代CEXS的興起標誌著行業的更廣泛的過渡。隨著用戶期望的發展，正在推動交流以提供績效和信任。隨著集中式平台和分散平台之間的界限變得越來越模糊，市場動態迫使CEXS重新定義其在貿易場所之外的角色。

Why CEXs Are Going On-Chain

為什麼CEXS開始鏈

The push toward on-chain products is not just about innovation. It is also a direct response to the evolving landscape that centralized exchanges (CEXs) must navigate.

推向鏈產品的推動不僅僅是創新。這也是對不斷發展的景觀的直接反應，集中式交流（CEXS）必須導航。

Regulatory pressure is increasing globally. In many countries and regions, CEXs are facing stricter KYC/AML requirements and greater demands for transparency. This leads many exchanges to reconsider their traditional off-chain models, which have relied on more opaque operations.

監管壓力在全球增加。在許多國家和地區，CEXS面臨著更嚴格的KYC/AML要求，並且對透明度的要求更高。這導致許多交流重新考慮其傳統的脫鏈模型，這些模型依賴於更多不透明的操作。

As regulatory expectations evolve, CEXs are exploring on-chain solutions as a potential way to meet compliance standards. These solutions also offer opportunities to unlock new growth.

隨著監管期望的發展，CEXS正在探索鏈解決方案，這是滿足合規性標準的潛在方法。這些解決方案還提供了解鎖新增長的機會。

At the same time, user expectations are evolving. Both retail and institutional investors seek greater control over their assets and demand enhanced transparency and ownership—features inherent to decentralized systems.

同時，用戶期望正在發展。零售和機構投資者都尋求對其資產的更大控制，並要求提高透明度和所有權 - 分散系統固有的功能。

CEXs, as key players within the blockchain ecosystem, increasingly recognize the need to meet these demands. They also understand the importance of embracing their role in fostering the transition to a more decentralized world.

作為區塊鏈生態系統中的主要參與者，CEXS越來越認識到滿足這些要求的必要性。他們還了解擁抱自己在促進過渡到更加分散世界的角色方面的重要性。

Technologically mature solutions such as roll-up, zero-knowledge proof and account abstraction have enhanced scalability and reduced costs. With their larger resources and broader user base, CEXs are well-positioned to integrate innovations which promote the development of on-chain products to meet user expectations without compromising performance.

在技​​術上成熟的解決方案，例如匯總，零知識證明和賬戶抽象具有提高的可擴展性和降低的成本。憑藉其更大的資源和更廣泛的用戶群，CEXS具有良好的位置，可以整合創新，從而促進鏈上產品的開發，以滿足用戶期望而不會損害性能。

Still, the shift toward on-chain infrastructure brings real challenges. For CEXs, lowering the entry barrier for Web2-native users remains key. This is especially important when it comes to UX design and onboarding flows.

儘管如此，向鍊鍊基礎設施的轉變帶來了真正的挑戰。對於CEXS，降低Web2-native用戶的進入障礙仍然是關鍵。當涉及到UX設計和入職流時，這一點尤其重要。

Security is another priority, as new custody models introduce unfamiliar risks, while fragmented liquidity and ecosystem silos overcomplicate cross-chain integration.

安全是另一個優先事項，因為新的監護模型引入了不熟悉的風險，而流動性和生態系統孤島則越來越多。

Building Beyond the Exchange

在交換之外建造

As centralized exchanges adapt to a shifting industry landscape, some are going beyond product rollouts to explore deeper roles in the on-chain ecosystem. CoinW is one such example.

隨著集中交流適應不斷變化的行業景觀，有些人超越了產品推廣，以探索鏈生態系統中更深層次的角色。 Coinw就是這樣一個例子。

Its approach combines technical innovation with user education and ecosystem integration. This positions it not only as a trading platform, but also as an active contributor to the decentralized future.

它的方法將技術創新與用戶教育和生態系統集成相結合。這不僅將其作為交易平台，而且是分散未來的積極貢獻者。

DeriW: Bringing Efficient Performance to On-Chain Derivatives

deriw：為鏈衍生物帶來有效的性能

As the demand for decentralized derivatives trading continues to grow, many existing platforms face trade-offs between speed, cost, and decentralization. Users are often forced to choose between performance and control. DeriW enters this landscape with a bold ambition: to deliver a truly seamless, self-custodial trading experience without compromising on efficiency or scalability.

隨著對分散衍生品交易的需求不斷增長，許多現有平檯面臨速度，成本和權力下放之間的權衡。用戶通常被迫在性能和控制之間進行選擇。 DEDIW以大膽的野心進入這一景觀：提供真正無縫的自我監護交易經驗而不損害效率或可擴展性。

DeriW is an independent on-chain initiative designed to redefine the derivatives trading experience. Currently in public testnet, DeriW is a decentralized perpetuals platform built as a Layer 3 chain on Arbitrum Orbit, which was developed by CoinW team. By leveraging custom infrastructure, it delivers high-speed performance with minimal gas fees. It has a throughput of over 80,000 TPS, offering a seamless, high-performance on-chain trading experience within a fully decentralized architecture.

Deriw是一項獨立的鏈倡議，旨在重新定義衍生品交易經驗。 DERIW目前在公共測試網中，是一個由Coinw Team開發的仲裁軌道上的第3層鏈中的分散的永久平台。通過利用自定義基礎設施，它可以提供高速性能，並以最少的汽油費用。它的吞吐量超過80,000個TP，在完全分散的建築中提供了無縫，高性能的鏈交易經驗。

DeriW introduces a Pendulum AMM that adjusts liquidity dynamically based on open positions. This helps to reduce slippage and improve capital efficiency. It also supports up to 100x leverage on major pairs (leverage is subject to jurisdictional availability), along with a self-custodial design. Such features strike a balance between user control and accessibility.

deriw引入了一個擺動量，該擺amm根據開放位置動態調整流動性。這有助於降低滑倒並提高資本效率。它還可以在主要配對上支持多達100倍的槓桿作用（槓桿率符合管轄權的可用性），以及自定義的設計。此類功能在用戶控制和可訪問性之間取得了平衡。

Rather than replicating existing DeFi models, DeriW is exploring a hybrid direction—building for performance while retaining decentralization principles. It highlights how exchanges like CoinW can channel their operational know-how into the next generation of decentralized trading infrastructure.

Deriw並沒有復制現有的DEFI模型，而是在探索混合方向，即在保留權力下放原則的同時建立績效。它強調了像Coinw這樣的交流如何將其運營知識轉移到下一代分散的交易基礎設施中。

PropW: Lowering Barriers, Raising Competence

propw：降低障礙，提高能力

For aspiring traders looking to grow without risking their own capital,PropW offers a powerful launchpad. PropW is an initiative dedicated to advancing trader education, risk-free training, and capital empowerment—key pillars for helping users transition from Web2 to Web3. Developed by CoinW teams, it helps address a key challenge facing many centralized exchanges: onboarding new users unfamiliar with crypto. It also equips them with the tools and confidence needed to become active participants in decentralized markets.

對於希望在不冒著自己的資本冒險的有抱負的交易者來說，PROPW提供了強大的發射台。 PROPW是一項致力於推進交易者教育，無風險培訓和資本賦權的計劃，這是幫助用戶從Web2過渡到Web3的鑰匙支柱。由Coinw Teams開發，有助於應對許多集中交流面臨的關鍵挑戰：登上不熟悉加密貨幣的新用戶。它還使他們擁有在分散市場中積極參與者所需的工具和信心。

At its core, PropW provides a simulated trading environment. Users can practice strategies

PROPW以其核心提供了模擬的交易環境。用戶可以練習策略