在壓力下的Depin令牌：氦氣，Filecoin和對現實世界實用程序的追求

氦氣和菲雷肯曾經曾經的寵兒，面對經濟逆風。它們是該行業的警告信號，還是像Aethir的GPU-AS-Service未來一樣的創新？

The DePIN (Decentralized Physical Infrastructure Networks) space is facing a critical juncture, and the performance of its leading tokens, Helium (HNT) and Filecoin (FIL), is a key indicator. Once hailed as the next big thing, these projects are now grappling with the harsh realities of building real-world infrastructure on crypto incentives. The recent market dynamics paint a concerning picture, but also highlight the need for sustainable models within the DePIN ecosystem.

Depin（分散的物理基礎設施網絡）空間正面臨著關鍵的關頭，其領先代幣，氦（HNT）和Filecoin（FIL）的性能是關鍵指標。一旦被譽為下一件大事，這些項目現在正在努力應對在加密激勵措施上建立現實世界基礎設施的苛刻現實。最近的市場動態描繪了有關圖片的繪畫，但也強調了對Depin生態系統中可持續模型的需求。

Helium (HNT): Growth vs. Utility

氦（HNT）：增長與實用程序

Helium's situation is a prime example of this struggle. While the network boasts impressive growth in active hotspots since its move to Solana and partnerships with major players like AT&T and Telefónica, the fundamental issue lies in the lack of real demand for data transfer. A significant portion of the network fees comes from onboarding new hotspots, rather than actual usage, creating an unbalanced and unsustainable system.

氦的情況是這場鬥爭的一個典型例子。自從該網絡轉向Solana以來，該網絡具有令人印象深刻的增長，並與AT＆T和Telefónica等主要參與者建立了合作夥伴關係，但基本問題在於缺乏對數據傳輸的真正需求。網絡費的很大一部分來自入門新的熱點，而不是實際用法，而是創建一個不平衡且不可持續的系統。

Filecoin (FIL): Reinventing Storage

Filecoin（FIL）：重新發明存儲

Filecoin, the decentralized storage giant, faces similar challenges. Despite efforts to reinvent itself through the Filecoin Virtual Machine (FVM) and partnerships with ecosystems like Solana, the token struggles with constant inflation due to the continuous issuance of new FIL to pay storage providers. Demand for storage and block space needs to outpace this supply for the price to appreciate, a feat the FVM has yet to achieve convincingly.

分散的存儲巨頭Filecoin面臨類似的挑戰。儘管努力通過Filecoin虛擬機（FVM）重塑自己，並與Solana這樣的生態系統建立了合作夥伴關係，但由於將新FIL持續發布給付費存儲提供商而導致的代幣鬥爭一直持續通貨膨脹。對存儲和阻塞空間的需求需要超過此供應的價格，以欣賞價格，FVM尚未令人信服地實現這一壯舉。

A Wake-Up Call for DePIN

喚醒銷售的呼喚

The struggles of HNT and FIL serve as a stark reminder that the DePIN dream requires more than just decentralized hardware. These projects must demonstrate viable economic models in a competitive landscape. Helium faces competition from privacy-focused alternatives like Pollen Mobile, while Filecoin battles Arweave and Storj for storage market share. The current macro climate, characterized by high interest rates and uncertainty, further exacerbates the situation, demanding real, predictable revenue generation from these tokens.

HNT和FIL的鬥爭是一個明顯的提醒，即Depin Dream不僅需要分散的硬件。這些項目必須在競爭環境中展示可行的經濟模型。氦氣面臨著以隱私為中心的替代品（如花粉移動）的競爭，而Filecoin則與Arweave和Storj爭奪存儲市場份額。當前的宏觀氣候以高利率和不確定性為特徵，進一步加劇了這種情況，要求從這些代幣中產生真正的，可預測的收入。

Aethir (ATH): A Glimmer of Hope?

Aethir（ATH）：一線希望？

Amidst the challenges faced by Helium and Filecoin, Aethir (ATH) presents an interesting contrast. The token recently experienced a significant price surge, driven by factors like a key partnership with Credible Finance and the unveiling of a DePIN-powered crypto credit card. This surge suggests that innovation and adaptation are crucial for success in the DePIN space. Aethir's GPU-as-a-service model may represent a more sustainable approach by providing tangible utility and catering to growing demands, exemplified by a substantial increase in trading volume.

在氦氣和菲雷幣面臨的挑戰中，Aethir（Ath）提出了有趣的對比。該代幣最近經歷了巨大的價格飆升，這是由於與可靠的融資的關鍵合作夥伴關係以及揭幕由Depin供電的加密信用卡揭幕的因素所驅動的。這種激增表明，創新和適應對於在Depin空間中的成功至關重要。 Aethir的GPU-AS-A-Service模型可能通過提供切實的實用程序和滿足需求的需求來代表一種更具可持續性的方法，這是交易量的實質性增加所體現的。

The Path Forward for DePIN Tokens

DEPIN令牌的前進道路

The future of DePIN tokens hinges on their ability to demonstrate real-world utility and generate sustainable demand. Projects need to move beyond hype and focus on building robust ecosystems that attract users and drive revenue. While Helium and Filecoin face significant headwinds, the success of projects like Aethir offers a beacon of hope and highlights the potential for innovation in the DePIN space.

Depin代幣的未來取決於其展示現實世界實用程序並產生可持續需求的能力。項目需要超越炒作，並專注於建立強大的生態系統，以吸引用戶並推動收入。儘管氦氣和菲雷金面臨巨大的逆風，但諸如Aethir等項目的成功提供了希望的燈塔，並突出了迪地登國際空間中創新的潛力。

So, are HNT and FIL down for the count? Not necessarily. But they need to seriously step up their game. The DePIN party isn't over, it's just moved from the crowded dance floor to a more exclusive, results-oriented VIP lounge. Time to prove they deserve a spot on the list!

那麼，HNT和FIL是為了計數嗎？未必。但是他們需要認真加強自己的比賽。 Depin派對還沒有結束，它只是從擁擠的舞池轉移到了更獨特的，面向結果的VIP休息室。是時候證明他們應該在名單上佔有一席之地！