2024 年上半年加密貨幣市場持續走高

加密貨幣市場在 2023 年取得的收益的基礎上，在 2024 年上半年繼續走高。

The first half of 2024 saw the crypto market continue rising, building on the gains of 2023. The total market cap now stands at around $2.27 trillion — a solid 37.3% growth year-to-date.

2024 年上半年，加密貨幣市場在 2023 年收益的基礎上持續上漲。

From a numbers standpoint, most of these gains were packed into the first quarter with a massive 60.2% increase. The second quarter was a bit rougher, with the market giving back some gains and dropping by 14.3%.

從數字的角度來看，大部分收益都集中在第一季，增幅高達 60.2%。第二季的情況有些艱難，市場回吐了一些漲幅，下跌了 14.3%。

Comparing the performance to traditional assets, Bitcoin and Ethereum have been the top performers, with returns of 48% and 43%, respectively, year-to-date.

與傳統資產的表現相比，比特幣和以太幣表現最好，今年迄今的回報率分別為 48% 和 43%。

"Bitcoin’s potential diversification benefits and strong performance compared to a purely traditional finance portfolio are evident," Binance Research analysts pointed out in their H1 report.

幣安研究分析師在上半年報告中指出：“與純粹的傳統金融投資組合相比，比特幣的潛在多元化優勢和強勁表現是顯而易見的。”

Layer-1s (L1s) started the year strong. Bitcoin continued to gain market dominance following its fourth Halving, the launch of the Runes Protocol, and the approval of U.S. spot ETFs, which have pulled in over $14 billion so far. Ethereum saw a boom in restaking and the EIP-4844 update.

Layer-1 (L1) 年初表現強勁。在第四次減半、推出 Runes 協議以及美國現貨 ETF 獲得批准後，比特幣繼續獲得市場主導地位，迄今為止，比特幣已吸引了超過 140 億美元的資金。以太坊見證了重新質押和 EIP-4844 更新的繁榮。

Moreover, BNB Chain kept working on opBNB and Greenfield, and Solana shined in the memecoin space and launched blockchain links (blinks).

此外，BNB Chain繼續致力於opBNB和Greenfield，Solana在memecoin領域大放異彩並推出了區塊鏈連結（眨眼）。

"The first half of 2024 was all about airdrops in the Layer-2 (L2) world, especially for zero-knowledge (zk) projects," Binance Research highlighted. These incentives brought in large capital inflows, pushing the total value locked (TVL) in L2s to $43 billion — a 90% jump in just six months.

幣安研究院強調：“2024 年上半年都是關於 Layer-2 (L2) 世界的空投，尤其是零知識 (zk) 項目。”這些激勵措施帶來了大量資本流入，將 L2 鎖定的總價值 (TVL) 推至 430 億美元，在短短六個月內增長了 90%。

DeFi saw a huge influx of capital, driving the TVL up 72.8% year-to-date to $94.1 billion, from $54.4 billion at the start of the year. This boost has benefited nearly every DeFi sector, leading to the rise of protocols making previously inaccessible financial tools available on-chain.

大量資金湧入 DeFi，推動 TVL 從年初的 544 億美元成長 72.8%，達到 941 億美元。這種推動幾乎使所有 DeFi 領域受益，導致協議的興起，使以前無法訪問的金融工具可以在鏈上使用。

The stablecoins market has made a notable comeback, now just 14.5% below its peak in April 2022, before the TerraUSD (UST) crash. As of June 30, 2024, the stablecoins market cap was $161 billion, a two-year high.

穩定幣市場已顯著回升，目前僅比 TerraUSD (UST) 崩盤前 2022 年 4 月的峰值低 14.5%。截至 2024 年 6 月 30 日，穩定幣市值為 1,610 億美元，創兩年新高。

Tether’s USDT still leads, but Circle’s USDC and Ethena’s USDe have been gaining ground. "The stablecoins market is recovering impressively, reaching levels we haven't seen since before the TerraUSD crash," noted Binance Research.

Tether 的 USDT 仍然領先，但 Circle 的 USDC 和 Ethena 的 USDe 一直在進步。幣安研究院指出：“穩定幣市場正在顯著復甦，達到了自 TerraUSD 崩盤以來從未見過的水平。”

Elsewhere, NFT markets had a turbulent first half, with sales volumes dropping and major projects seeing floor prices fall by more than 50%. Blur maintained its dominance, boosted by the Blast token airdrop, while Pudgy Penguins found some success with their physical toys. Bitcoin NFTs also continued to do well.

另一方面，NFT 市場上半年動盪，銷售量下降，主要項目底價下跌超過 50%。在 Blast 代幣空投的推動下，Blur 保持了主導地位，而 Pudgy Penguins 則透過實體玩具取得了一些成功。比特幣 NFT 也繼續表現良好。

Web3 gaming had a strong Q1, but Q2 saw gaming tokens drop in market cap along with the rest of the altcoin market.

Web3 遊戲第一季表現強勁，但第二季遊戲代幣的市值與其他山寨幣市場一起下降。

Despite falling prices, user growth metrics were better than ever, with projects like Pixels and Hamster Kombat attracting large numbers of players with the promise of token airdrops. "User growth in Web3 gaming remains strong, even as token prices fluctuate," said Binance Research.

儘管價格下跌，但用戶成長指標比以往任何時候都好，Pixels 和 Hamster Kombat 等項目憑藉代幣空投的承諾吸引了大量玩家。幣安研究院表示：“即使代幣價格波動，Web3 遊戲的用戶增長仍然強勁。”

“Looking ahead to the second half of 2024, six key themes are particularly exciting, and we expect to see significant progress in these areas throughout the year. These themes cover various narratives and sectors, including the macro environment, Bitcoin ecosystem, ownership economy applications, and real-world assets (RWAs),” the half-year report concludes.

「展望 2024 年下半年，有六個關鍵主題特別令人興奮，我們預計全年這些領域將取得重大進展。這些主題涵蓋了各種敘述和領域，包括宏觀環境、比特幣生態系統、所有權經濟應用和現實世界資產（RWA），」半年報告總結道。