Defi TVL，Tether和Circle：加密corl柱中的Stablecoin攤牌

Defi的TVL正在上升，並由Tether（USDT）和Circle（USDC）等穩定菌（Stablecoins）推動。本文探討了他們的統治地位，競爭和不斷發展的Defi景觀。

The DeFi scene is buzzing again, folks! With Total Value Locked (TVL) making a comeback, all eyes are on the stablecoin giants: Tether (USDT) and Circle (USDC). Let's dive into what's shaking in the world of decentralized finance.

伙計們，Defi場景再次嗡嗡作響！隨著總價值鎖定（TVL）捲土重來，所有人的目光都在Stablecoin巨頭：Tether（USDT）和Circle（USDC）。讓我們深入了解分散金融世界中的動力。

DeFi TVL Bounces Back

Defi TVL反彈

DeFi's TVL has surged, hitting $543.96 billion recently. This jump signals renewed interest in liquidity and trust in stablecoins, lending protocols, and staking platforms. It's like the whole crypto world just woke up from a long nap.

Defi的TVL激增，最近達到了5439.6億美元。這種跳躍信號表明，對穩定幣，貸款協議和企業平台的流動性和信任提高了興趣。就像整個加密貨幣世界剛從長時間的小睡中醒來一樣。

Tether vs. Circle: The Stablecoin Titans

繫繩與圈子：穩定泰坦

Tether's USDT is still the undisputed king, boasting a TVL of $175.7 billion, up 3.9% in the last month. Circle's USDC isn't far behind, hitting $73.1 billion with a more impressive 9.9% growth. Together, these two control about half of the DeFi market's locked value. Talk about a power couple!

Tether的USDT仍然是無可爭議的國王，擁有1757億美元的TVL，上個月增長了3.9％。 Circle的USDC不遠，觸及731億美元，增長9.9％。這兩個控制大約是Defi市場鎖定價值的一半。談論一對電力夫婦！

Aave, Lido, and EigenLayer: Not Everyone's Winning

Aave，Lido和Eigenlayer：並不是每個人都在獲勝

While Tether and Circle are partying, others are feeling the heat. Aave is holding steady, but Lido Finance and EigenLayer have seen TVL drops. It seems like the DeFi world is a bit of a rollercoaster right now, with some platforms soaring while others take a nosedive.

當繫繩和圈子正在聚會時，其他人則感到熱火。 Aave保持穩定，但Lido Finance和Eigenlayer已經看到了TVL掉落。似乎現在的Defi世界有點像過山車，有些平台飆升，而另一些平台則呈鼻子。

Stablecoins in the Real World: Bolivia's Crypto Experiment

現實世界中的Stablecoins：玻利維亞的加密實驗

Here's a fun twist: in Bolivia, major car manufacturers like Toyota are accepting Tether! With the country's dollar reserves dwindling, crypto is becoming a lifeline. Even airport shops are pricing items in USDT. Who would've thought we'd see stablecoins replacing the dollar in everyday transactions?

這是一個有趣的轉折：在玻利維亞，像豐田這樣的主要汽車製造商正在接受繫繩！隨著該國的美元儲備金的減少，加密貨幣正在成為生命線。甚至機場商店也在USDT中的價格。誰會想到我們會看到穩定幣在日常交易中取代美元？

Circle's Long Game: Payments Network and Infrastructure

Circle的長游戲：付款網絡和基礎設施

Circle isn't just about stablecoins; they're building a whole ecosystem. Their Circle Payments Network (CPN) is live in several markets, aiming to streamline cross-border transactions. They're also working on Arc, a Layer-1 chain designed to meet financial regulations. Circle's playing the long game, betting on infrastructure and compliance.

圈子不僅僅是穩定的；他們正在建立一個整個生態系統。他們的圈子支付網絡（CPN）居住在幾個市場中，旨在簡化跨境交易。他們還在ARC上工作，ARC是一條旨在滿足財務法規的1層鏈。 Circle在漫長的比賽中，投注基礎架構和合規性。

The Competition Heats Up

比賽升溫

The big question is whether Circle can catch up to Tether's first-mover advantage. Tether dominates in emerging markets, but Circle shines in compliance. And let's not forget traditional financial institutions entering the stablecoin game. It's a wild race to build the ultimate stablecoin ecosystem.

最大的問題是Circle是否可以趕上Tether的第一步優勢。繫繩在新興市場中占主導地位，但圓圈在合規性中閃耀。而且，我們不要忘記進入Stablecoin遊戲的傳統金融機構。這是建立終極穩定生態系統的狂野競賽。

My Two Satoshis

我的兩個satoshis

Personally, I think Circle's focus on compliance and infrastructure will pay off in the long run. While Tether has the early lead, regulatory scrutiny could slow them down. If Circle can create a user-friendly ecosystem before Tether cleans up its act, USDC could become the stablecoin of choice for institutions and mainstream users.

我個人認為，從長遠來看，Circle對合規性和基礎設施的關注將有所回報。儘管Tether具有早期的領先優勢，但監管審查可能會減慢他們的速度。如果Circle可以在束縛束縛之前創建一個用戶友好的生態系統，那麼USDC可能會成為機構和主流用戶的首選。

The Future of DeFi: Security and Adoption

DEFI的未來：安全和採用

DeFi has come a long way since the Terra/LUNA collapse, but it still needs to tackle security and hack prevention. The next phase will require a focus on protecting investors and building trust. If DeFi can do that, it could become a real alternative to traditional finance.

自從Terra/Luna倒塌以來，Defi已經走了很長一段路，但它仍然需要解決安全和預防。下一階段將需要專注於保護投資者和建立信任。如果Defi可以做到這一點，它可能會成為傳統金融的真正替代方法。

So, there you have it! The DeFi landscape is shifting, with stablecoins leading the charge. Whether it's Tether's dominance or Circle's ecosystem play, it's an exciting time to watch this space evolve. Now, if you'll excuse me, I'm off to buy a Toyota with my USDT. Just kidding... maybe.

所以，你有！ Defi景觀正在轉移，Stablecoins引起了指控。無論是繫繩的統治地位還是Circle的生態系統遊戲，這都是觀看這個空間發展的激動人心的時刻。現在，如果您能原諒我，我要和我的USDT一起購買豐田。只是在開玩笑...也許。