DeFi、RWA 代幣化和機構採用：新時代？

探索 DeFi、RWA 代幣化和機構採用的融合，突出塑造金融未來的關鍵趨勢和見解。

DeFi, RWA Tokenization, and Institutional Adoption: A New Era?

DeFi、RWA 代幣化和機構採用：新時代？

DeFi is evolving rapidly, bridging the gap with TradFi via RWA tokenization and attracting significant institutional interest. This convergence promises a more efficient, accessible, and interconnected financial future.

DeFi 正在迅速發展，通過 RWA 代幣化縮小與 TradFi 的差距，並吸引了機構的極大興趣。這種融合有望帶來更高效​​、更便捷、更互聯的金融未來。

The DeFi Landscape: A Transformation in Progress

DeFi 格局：正在進行的轉變

From late 2024 through mid-2025, the DeFi landscape has undergone a profound transformation, marked by innovations and evolving market dynamics. DeFi protocols are enhancing their core functionalities and aggressively bridging the gap with traditional finance (TradFi), drawing unprecedented institutional interest. The tokenization of real-world assets (RWAs) has emerged as a pivotal catalyst, alongside advancements in Layer 2 scaling solutions and cross-chain interoperability. Even AI is starting to make its way into DeFi.

從 2024 年底到 2025 年中，以創新和不斷變化的市場動態為標誌，DeFi 格局經歷了深刻的轉變。 DeFi 協議正在增強其核心功能，並積極縮小與傳統金融 (TradFi) 的差距，吸引了前所未有的機構興趣。隨著第 2 層擴展解決方案和跨鏈互操作性的進步，現實世界資產 (RWA) 的代幣化已成為關鍵催化劑。甚至人工智能也開始進入 DeFi。

Market Impact and Price Action

市場影響和價格走勢

The DeFi market experienced fluctuations, with TVL declining in early 2025 due to economic uncertainties. However, decentralized exchanges (DEXs) showed resilience, with record trading volumes. Institutional interest in RWA tokenization is growing, with projects tokenizing assets like U.S. Treasury debt seeing capital inflows. BlackRock's BUIDL tokenized Treasury fund exemplifies this trend.

由於經濟不確定性，DeFi 市場經歷了波動，TVL 在 2025 年初出現下降。然而，去中心化交易所（DEX）表現出了彈性，交易量創歷史新高。機構對 RWA 代幣化的興趣日益濃厚，美國國債等資產代幣化項目出現了資本流入。貝萊德的 BUIDL 代幣化國庫基金就是這一趨勢的例證。

Community and Ecosystem Response

社區和生態系統響應

The crypto community is enthusiastic about RWA tokenization and the entry of major players like BlackRock. Layer 2 scaling solutions like Arbitrum and zkSync are crucial for enhancing user experience. Cross-chain interoperability protocols like LayerZero and Chainlink are essential for an interconnected blockchain ecosystem. The integration of AI into DeFi is sparking interest.

加密社區對 RWA 代幣化和 BlackRock 等主要參與者的進入充滿熱情。 Arbitrum 和 zkSync 等第 2 層擴展解決方案對於增強用戶體驗至關重要。 LayerZero 和 Chainlink 等跨鏈互操作協議對於互連的區塊鏈生態系統至關重要。人工智能與 DeFi 的整合正在引發人們的興趣。

Starknet's Bitcoin Bridge: A Step Towards BTCFi

Starknet 的比特幣橋：邁向 BTCFi 的一步

Starknet is collaborating with Alpen Labs to build a secure bridge connecting to Bitcoin, unlocking DeFi capabilities for BTC holders. This initiative uses a two-party computation protocol to avoid vulnerabilities associated with traditional bridging models. The Starknet Foundation is supporting this push with a 100 million STRK incentives program.

Starknet 正在與 Alpen Labs 合作，構建連接比特幣的安全橋樑，為 BTC 持有者解鎖 DeFi 功能。該計劃使用兩方計算協議來避免與傳統橋接模型相關的漏洞。 Starknet 基金會通過 1 億個 STRK 激勵計劃來支持這一推動。

World Liberty Fi and RWA Adoption

World Liberty Fi 和 RWA 的採用

World Liberty Fi is exploring ways to adopt real-world assets (RWAs) and link them to its stablecoin, USD1. They are actively working on tokenizing commodities like oil, gas, cotton, and timber. USD1 has grown to become the sixth-largest stablecoin.

World Liberty Fi 正在探索採用現實世界資產 (RWA) 並將其與其穩定幣 USD1 聯繫起來的方法。他們正在積極致力於石油、天然氣、棉花和木材等商品的代幣化。 USD1 已成長為第六大穩定幣。

SEI's Upward Momentum with Institutional Interest

SEI 的上升勢頭受到機構關注

SEI shows potential for upward momentum with growing institutional interest. BlackRock and Brevan Howard have launched tokenized versions of their funds on the Sei Network via KAIO's infrastructure. This brings institutional capital on-chain, with tokenized funds becoming foundational assets in decentralized finance.

隨著機構興趣的增加，SEI 顯示出上升勢頭的潛力。 BlackRock 和 Brevan Howard 已通過 KAIO 的基礎設施在 Sei 網絡上推出了其基金的代幣化版本。這使得機構資本上鍊，代幣化基金成為去中心化金融的基礎資產。

What's Next for Crypto?

加密貨幣的下一步是什麼？

The future points towards DeFi becoming intertwined with traditional finance, driven by technological maturation and regulatory clarity. Expect a sustained focus on RWA tokenization, further institutional capital, and ongoing Layer 2 innovation. The convergence of AI with DeFi could revolutionize automated market making and risk management.

在技​​​​術成熟和監管明確的推動下，未來 DeFi 將與傳統金融交織在一起。預計我們將持續關注 RWA 代幣化、進一步的機構資本和持續的 Layer 2 創新。人工智能與 DeFi 的融合可能會徹底改變自動化做市和風險管理。

My Take: DeFi's Maturation is Inevitable

我的看法：DeFi 的成熟是不可避免的

The integration of RWAs into DeFi isn't just a trend; it's a fundamental shift. Imagine a world where your grandma's house is tokenized and traded on a DEX. Okay, maybe not grandma's house specifically, but the potential is there. BlackRock's involvement signals that the big players are taking notice, and that's a game-changer. It's like when your parents finally admit that your obscure hobby is actually kinda cool.

將 RWA 融入 DeFi 不僅僅是一種趨勢，而且是一種趨勢。這是一個根本性的轉變。想像一下這樣一個世界：你祖母的房子被代幣化並在 DEX 上進行交易。好吧，也許不是專門指奶奶的房子，但潛力就在那裡。貝萊德的參與表明大型企業正在註意到這一點，而這將改變遊戲規則。就像當你的父母最終承認你不起眼的愛好實際上很酷一樣。

The Bottom Line

底線

The current wave of innovation signifies a pivotal moment for the crypto ecosystem. DeFi is maturing beyond speculation into a robust financial paradigm. Monitor the growth in RWA tokenization, TVL on Layer 2 solutions, and capital inflows from institutional players. The journey towards mainstream crypto adoption is being paved by these innovations.

當前的創新浪潮標誌著加密生態系統的關鍵時刻。 DeFi 正在成熟，超越投機，成為強大的金融範式。監控 RWA 代幣化、第 2 層解決方案上的 TVL 以及機構參與者的資本流入的增長。這些創新正在為主流加密貨幣採用鋪平道路。

So, buckle up, crypto enthusiasts! The future of finance is unfolding before our very eyes. It's gonna be wild, but hey, at least we'll have front-row seats. And who knows, maybe one day we'll all be trading tokenized cats and memes on the blockchain. The possibilities are endless!

所以，係好安全帶，加密貨幣愛好者！金融的未來正在我們眼前展開。這會很瘋狂，但是嘿，至少我們會有前排座位。誰知道呢，也許有一天我們都會在區塊鏈上交易代幣化的貓和模因。可能性是無限的！