Token2049迪拜將Crypto的知名人士匯集在一起

從您的角度來看，Token2049迪拜的真正信號不是什麼，而不是炒作，而是一個轉變或對話可能會影響該行業在第二季度及以後的發展呢？

As the dust settles on TOKEN2049 Dubai, one emerging narrative is how quickly the US macroeconomic situation is impacting crypto.

隨著塵埃落定在迪拜的Token2049上，一個新興的敘述是美國宏觀經濟狀況影響了加密貨幣的速度。

With rising interest rates and a strong dollar creating a different environment for institutional capital, several U.S. and European funds are setting up full-fledged operations in Dubai.

隨著利率上升和美元強勁的美元為機構資本創造了不同的環境，美國和歐洲的一些資金正在迪拜建立全面的運營。

They are seeking greater regulatory clarity and operational freedom, which the UAE provides.

他們正在尋求阿聯酋提供的更大的監管清晰度和運營自由。

This move is fostering a new regional ecosystem with a focus on financial infrastructure, evident in the rapid innovation in trading, lending, and both on-chain and off-chain yield strategies.

這一舉動促進了一個新的區域生態系統，重點關注金融基礎設施，這在交易，貸款以及鏈上和鍊鍊收益率策略的快速創新中很明顯。

“The growth in institutional demand is becoming more measurable, although it’s uneven across different segments,” says Eowyn Chen, CEO of Trust Wallet. “We’re seeing increased volume and experimentation, especially in payments and liquidity provisioning. However, product-market fit is still being developed in certain areas, such as stablecoins and self-custodial wallets.”

Trust Wallet首席執行官Eowyn Chen說：“儘管在不同的細分市場之間是不平衡的，但機構需求的增長越來越可以衡量。” “我們看到的數量和實驗增加了，尤其是在付款和流動性供應中。但是，在某些領域，例如穩定的錢包和自我監測錢包，仍在開發產品市場。”

“The dual opportunity—both in markets like the UAE and the US—makes this a pivotal moment for building the right regulatory and infrastructure foundations to translate demand into durable volume,” Chen adds.

“雙重機會 - 在阿聯酋和美國等市場中，這是建立正確的監管和基礎設施基礎的關鍵時刻，以將需求轉化為持久的量，”陳補充說。

Institutions’ preferences are significantly different from those of crypto natives. Most transactions are concentrated in BTC and stablecoins, while the proportion of transactions for other cryptocurrencies is significantly lower than the market average. Of course, crypto native institutions are still trying to profit from altcoins. Still, most professional investment institutions view BTC more as a macro asset (i.e., ‘digital gold’) independent of the crypto market and make asset allocations and transactions based on this property.

機構的偏好與加密本地人的偏好明顯不同。大多數交易集中在BTC和Stablecoins，而其他加密貨幣的交易比例明顯低於市場平均水平。當然，加密本地機構仍在努力從Altcoins獲利。儘管如此，大多數專業投資機構都將BTC視為獨立於加密市場的宏觀資產（即“數字黃金”），並根據此物業進行資產分配和交易。

For altcoins, due to the high liquidity risk, price volatility risk and market manipulation risk, most institutions will avoid holding altcoin exposure, except for market makers.

對於AltCoins而言，由於高流動性風險，價格波動風險和市場操縱風險，大多數機構將避免舉行Altcoin曝光，除了做市商外。

“We are seeing a shift in narrative from speculative hype to a focus on institutional maturity, regulatory alignment, and long-term infrastructure development,” says Vivien Lin, Chief Product Officer at BingX.

Bingx首席產品官Vivien Lin說：“我們看到敘事從投機性炒作轉變為關注機構成熟度，監管一致性和長期基礎設施發展。”

“What truly stood out wasn’t just the announcements, but the convergence of builders, policymakers, and capital in a way that made Dubai feel less like a venue and more like a melting pot for shaping the future of Web3.”

“真正引人注目的不僅是公告，而且以建築商，決策者和資本的融合方式使迪拜感覺不像一個場所，而更像是構成Web3未來的熔爐。”

Instead of the usual enthusiasm for the next meme coin, the main conversations were focused on the utility of blockchain technology, the convergence of DeFi and CeFi, and ultimately, which region or entity would take the lead in shaping the global Web3 landscape.

主要的對話不是通常對下一個模因硬幣的熱情，而是集中於區塊鏈技術的實用性，Defi和Cefi的融合以及最終，哪個地區或實體將帶頭塑造全球Web3景觀。