Sky，Pendle和Pi Network：2025年瀏覽加密貨幣景觀

觀察2025年的天空（天空），彭德爾（Pendle）和PI Network（PI），分析了它們在不斷發展的加密市場中的潛力，挑戰和地位。他們值得炒作嗎？

The crypto market is buzzing with activity, and projects like Sky, Pendle, and Pi Network are at the forefront. Let's dive into what makes them tick and where they might be headed.

加密市場正在嗡嗡作響，而Sky，Pendle和Pi Network等項目處於最前沿。讓我們深入研究使他們打勾的原因以及他們可能會去的地方。

Sky (SKY): Building the Institutional Bridge

天空（天空）：建造機構橋

Sky, formerly MakerDAO, is making waves as a provider of institutional-grade crypto infrastructure. Trading around $0.10, Sky is gaining traction with its on-chain money market funds and fixed-income products. Partnerships with big players like Ondo Finance and BlackRock are key to scaling liquidity and bringing crypto into the mainstream. However, keep an eye on market consolidation and potential profit-taking, which could put pressure on Sky's price.

Sky曾是Makerdao，作為機構加密基礎設施的提供商，陣陣浪潮。 Sky的交易約為0.10美元，其鏈上貨幣市場基金和固定收益產品都在吸引人。與Ondo Finance和BlackRock等大型參與者的合作夥伴關係是擴展流動性並將加密貨幣帶入主流的關鍵。但是，請密切關注市場整合和潛在的利潤，這可能會給天空的價格帶來壓力。

Pendle (PENDLE): Embracing the Multi-Chain Future

Pendle（Pendle）：擁抱多鏈未來

Pendle's been on a rollercoaster, trading between $4.20 and $5.50. But its multi-chain expansion into Solana, Hyperliquid, and TON is a game-changer, reducing its dependence on Ethereum. Plus, Pendle's Shariah-compliant Citadel is tapping into the massive Islamic finance market. With TVL reaching $8.5 billion, Pendle's partnerships and strategic moves are worth watching. Just remember, bearish trends could persist if it doesn't reclaim that $4.72–$4.90 range.

Pendle一直在過山車上，交易價格在4.20美元至5.50美元之間。但是，它的多鏈擴展到Solana，Hyproliquid和Ton是一個改變遊戲規則的人，可減少其對以太坊的依賴。另外，彭德爾（Pendle）符合伊斯蘭教法的城堡正在攻入大規模的伊斯蘭金融市場。隨著TVL達到85億美元，Pendle的合作夥伴關係和戰略舉動值得一看。請記住，如果不收回$ 4.72- $ 4.90的範圍，看跌趨勢可能會持續下去。

Pi Network (PI): Real-World Utility or Just Hype?

PI網絡（PI）：現實世界實用程序還是只是炒作？

Pi Network remains a hot topic, trading at $0.44. The project's focus on real-world utility and regulatory compliance is a step in the right direction. Securing a Gold Sponsorship at TOKEN2049 Singapore 2025 and partnerships for local payment methods in numerous countries are expanding its reach. However, its price remains below $0.35, raising questions about its ability to scale. Transparency and development progress are crucial for Pi to reverse its downtrend.

PI網絡仍然是一個熱門話題，交易價格為0.44美元。該項目對現實世界實用程序和監管合規性的關注是朝著正確方向邁出的一步。在Token2049新加坡2025年獲得黃金贊助，並在許多國家 /地區建立了當地支付方式的合作夥伴關係，正在擴大其影響力。但是，其價格仍低於0.35美元，引發了有關其擴展能力的問題。透明度和發展進步對於PI扭轉其下降趨勢至關重要。

DeFi's Interconnectedness: The Ethena-Pendle-Aave Loop

Defi的相互聯繫：Ethena-Pendle-aave循環

DeFi's composability is creating exciting new possibilities. The Ethena-Pendle-Aave loop demonstrates how protocols can plug into each other to generate yield. Ethena creates yield with USDe, Pendle packages it into Principal Tokens, and Aave allows borrowing against these tokens. It’s like DeFi Lego blocks that work together. The potential addition of Hyperliquid could further expand this ecosystem, deepening capital efficiency and reshaping on-chain yield strategies.

Defi的合成性正在創造令人興奮的新可能性。 Ethena-pendle-aave循環演示了協議如何相互插入以產生產量。 Ethena用USDE創造產量，Pendle將其包裝成主要令牌，而AAVE允許對這些令牌進行借用。就像是一起工作的Defi Lego塊。超流動性的潛在增加可能會進一步擴大該生態系統，加深資本效率並重塑鏈產量策略。

XRP: A Look Back and a Reality Check

XRP：回顧和現實檢查

While some analysts are drawing parallels between XRP's current price structure and its 2017 bull run, conditions in 2025 are vastly different. Long-term XRP holders seem less convinced this time around, and XRP's performance against Bitcoin remains weak compared to 2017. The competition is also fiercer, with rivals like Ether, Solana, and Sui vying for dominance in the cross-border settlement space. Five-digit percentage gains may be a tall order this time.

儘管一些分析師在XRP的當前價格結構和2017年公牛運行之間劃分了相似之處，但2025年的條件卻大不相同。這次的長期XRP持有人似乎不那麼說服力，與2017年相比，XRP對比特幣的表現仍然很弱。競爭也更加激烈，競爭對手，Ether，Solana和Sui等競爭對手爭奪在跨境和解空間中的優勢。這次可能是五位數的收益。

The Bottom Line

底線

Sky, Pendle, and Pi Network each offer unique narratives in the crypto space. Sky's building institutional infrastructure, Pendle is innovating with multi-chain solutions, and Pi Network is pushing for real-world utility. Keep an eye on their technical catalysts, regulatory compliance, and ability to overcome bearish trends. For example, Remittix (RTX), priced at $0.1030, is working on cross-border payments with a beta wallet to be implemented in Q3 2025. As always, invest wisely and do your own research. The crypto world never sleeps!

Sky，Pendle和Pi Network各自在加密空間中提供獨特的敘述。 Sky的建築機構基礎設施，Pendle正在通過多鏈解決方案進行創新，而PI網絡正在推動現實世界實用程序。密切關注他們的技術催化劑，法規合規性以及克服看跌趨勢的能力。例如，價格為0.1030美元的Remittix（RTX）正在使用Beta Wallet進行跨境支付，將在第三季度2025年實施。與往常一樣，請明智地投資並進行自己的研究。加密世界永遠不會睡覺！