iOSG 洞察：亞洲開發者引領加密貨幣應用周期

探索亞洲開發者如何在快速迭代和對市場動態的深刻理解的推動下，在加密貨幣應用周期中佔據領先地位。發現從基礎設施到以應用程序為中心的價值捕獲的轉變。

iOSG Insights: Asian Developers Spearheading the App Cycle in Crypto

iOSG 洞察：亞洲開發者引領加密貨幣應用周期

The crypto landscape is evolving, and Asian developers are at the forefront. With their engineering prowess, market sensitivity, and rapid iteration capabilities, they're driving the new application cycle. Let's dive into the key trends and insights shaping this exciting phase.

加密貨幣領域正在不斷發展，亞洲開發商處於最前沿。憑藉其工程實力、市場敏感性和快速迭代能力，他們正在推動新的應用周期。讓我們深入探討塑造這一激動人心階段的主要趨勢和見解。

From Infrastructure to Applications: A Paradigm Shift

從基礎設施到應用程序：範式轉變

Remember the late '90s internet boom? Investment poured into infrastructure like fiber optic networks. Similarly, early crypto focused on blockchain infrastructure, making block space a scarce and expensive commodity. But times have changed. Key Ethereum upgrades, such as EIP-4844, have dramatically reduced the cost of block space, shifting value capture from underlying infrastructure to applications.

還記得 90 年代末的互聯網熱潮嗎？投資大量湧入光纖網絡等基礎設施。同樣，早期的加密貨幣專注於區塊鏈基礎設施，使區塊空間成為稀缺且昂貴的商品。但時代已經變了。關鍵的以太坊升級，例如 EIP-4844，極大地降低了區塊空間的成本，將價值捕獲從底層基礎設施轉移到應用程序。

Now, applications can place their core logic directly on the blockchain, improving conversion rates and forming closed-loop systems. We're seeing verifiable on-chain revenue generated through fees, subscriptions, and services, leading to more robust and sustainable business models. As a result, application-layer revenues are making up an increasing share of total revenues, and are becoming more robust.

現在，應用程序可以將核心邏輯直接放在區塊鏈上，提高轉化率並形成閉環系統。我們看到通過費用、訂閱和服務產生的可驗證的鏈上收入，從而帶來更穩健和可持續的商業模式。因此，應用層收入在總收入中所佔的份額越來越大，並且變得更加強勁。

The Rise of Asian Developers

亞洲開發商的崛起

According to Electric Capital's 2024 Developer Report, Asian developers now constitute the largest developer hub in the blockchain space, surpassing North America. This isn't just about numbers; it's about a unique blend of skills. Asian teams, particularly Chinese teams, excel at rapid iteration, quick validation of needs, and overseas expansion through localization. These strengths perfectly align with the demands of the crypto world.

根據 Electric Capital 的 2024 年開發者報告，亞洲開發者現已超越北美，成為區塊鏈領域最大的開發者中心。這不僅僅是數字的問題；這是一種獨特的技能組合。亞洲團隊尤其是中國團隊擅長快速迭代、快速驗證需求以及通過本地化進行海外擴張。這些優勢完全符合加密世界的需求。

Asian developers have a structural advantage in the crypto application lifecycle. They possess both strong engineering capabilities and a keen sensitivity to market speculation cycles, along with exceptional execution ability. Projects like Rabby Wallet, gmgn.ai, and Pendle showcase the talent emerging from Asia.

亞洲開發商在加密應用程序生命週期中具有結構性優勢。他們擁有強大的工程能力和對市場投機週期的敏銳敏感性，以及卓越的執行能力。 Rabby Wallet、gmgn.ai 和 Pendle 等項目展示了來自亞洲的人才。

Investing in the Application Cycle

投資應用周期

What does this mean for investors? Trading, asset issuance, and financial applications still offer the best product-to-market fit. Consider investing in the beta of a sector if there's uncertainty in investing in a specific sector. For example, focus on tool-based prediction market projects, such as aggregators and chip analysis tools.

這對投資者意味著什麼？交易、資產發行和金融應用程序仍然提供最佳的產品與市場契合度。如果投資某個特定行業存在不確定性，請考慮投資某個行業的貝塔值。例如，專注於基於工具的預測市場項目，例如聚合器和芯片分析工具。

Getting these applications to the masses requires unified trading front-ends and mobile platforms. Wallets are evolving beyond asset management tools, acting as Web2 browsers, capturing order flows, and serving as distribution channels.

將這些應用程序推向大眾需要統一的交易前端和移動平台。錢包正在超越資產管理工具的範疇，充當 Web2 瀏覽器、捕獲訂單流並充當分銷渠道。

The Future is Mobile and Asian-Led

未來是移動和亞洲主導的

We're anticipating a shift away from a US-dominated narrative towards a model where Asian products are launched first and then expand into European and American markets. Mobile is key. Whether it's the user's first deposit or frequent daily operations, the experience will be much smoother on mobile.

我們預計，美國主導的敘事模式將轉變為首先推出亞洲產品，然後擴展到歐洲和美國市場的模式。移動是關鍵。無論是用戶首次存款，還是頻繁的日常操作，在移動端的體驗都會順暢很多。

So, buckle up! The application cycle is here, and Asian developers are driving the innovation. It's going to be a wild, exciting ride, and I, for one, am thrilled to see what they build next.

所以，係好安全帶！應用周期已經到來，亞洲開發者正在推動創新。這將是一次狂野、令人興奮的旅程，我很高興看到他們接下來會建造什麼。