公用事業驅動的令牌正登上聚光燈

在過去的一個月中，加密技術和分散的科技市場發生了明顯的轉變。在一年中的大部分時間裡，成人和投機資產一直是頭條新聞的寵兒。

The crypto and decentralized tech markets have undergone a clear shift in the past month. For most of the year, memecoins and speculative assets have been the darlings of the headlines.

在過去的一個月中，加密技術和分散的科技市場發生了明顯的轉變。在一年中的大部分時間裡，成人和投機資產一直是頭條新聞的寵兒。

Now, utility-driven tokens are stepping into the spotlight—especially those tokens that exist at the intersection of AI and decentralized infrastructure.

現在，公用事業驅動的代幣正在引起人們的關注，尤其是在人工智能和分散基礎架構交集中存在的令牌。

A few tokens are emerging that seem to be winning, with $VVV, $LAYER, and $HOOK capturing most of the investor attention.

一些代幣正在出現，似乎正在獲勝，$ vvv，$ layer和$鉤子吸引了大多數投資者的關注。

That said, $TANK and $CYBER also have momentum building behind them, and if they keep moving in the direction of upward price action, they could be next in line to garner the serious interest of investors.

也就是說，$ tank和$ cyber在他們身後也有動力建設，如果他們繼續朝著向上的價格行動前進，那麼他們可能會在下一步贏得投資者的嚴重興趣。

This shift is occurring for reasons that are very much tied to artificial intelligence and infrastructure.

由於與人工智能和基礎設施非常相關的原因，這種轉變正在發生。

Venice Protocol ($VVV) Dominates the AI Infrastructure Narrative

威尼斯協議（$ vvv）主導著AI基礎設施敘述

At the forefront is $VVV, the native token of the Venice Protocol—also known by its handle @AskVenice. This decentralized generative AI platform empowers a multitude of possibilities, spanning text conversations, image and code generation, and more. In contrast to AI services of the traditional Web2 era, Venice resides in a computational layer that is decentralized, censorship resistant, and redefining the contours of value capture in AI infrastructure.

在最前沿的是$ vvv，這是威尼斯協議的本地代幣，也以其@askvenice聞名。這個分散的生成AI平台賦予了多種可能性，跨越文本對話，圖像和代碼生成等。與傳統Web2時代的AI服務相反，威尼斯居住在一個分散，抵抗審查和重新定義AI基礎架構中價值捕獲輪廓的計算層中。

What’s been dominating mindshare?

有什麼主導著思維方式？

Over the past month, there’s been a noticeable rotation into $VVV, $LAYER, and even $HOOK. $TANK and $CYBER climbed the ranks toward early May. pic.twitter.com/EBKtqb3bD4

在過去的一個月中，人們明顯旋轉了$ vvv，$ layer，甚至$掛鉤。 $ tank和$網絡在5月初升級。 pic.twitter.com/ebktqb3bd4

— Nansen 🧭 (@nansen_ai) May 9, 2025

-Nansen🧭（@nansen_ai）2025年5月9日

In the course of just a week, $VVV has rocketed upward by more than 80%, and now has a market cap of $135 million. Its growth isn’t just hype; it’s being driven by some impressive numbers. Venice now has over 50,000 daily active users (DAUs), strong evidence that its adoption is being driven by real utility and not just a bunch of speculators.

在僅一周的時間裡，$ VVV上升了80％以上，現在的市值為1.35億美元。它的增長不僅僅是炒作；它是由一些令人印象深刻的數字驅動的。威尼斯現在擁有超過50,000名活躍用戶（DAU），有力的證據表明其採用是由真實效用而不僅僅是一群投機者驅動的。

What differentiates Venice is its unique model of ‘stake-for-access.’ Users don’t pay a subscription fee or burn tokens to use the generative AI capabilities of the platform. Instead, they stake $VVV to access them. This is a clear value proposition to stakers, and it creates an interesting value loop. The more people using the tokenized service, the more demand there is for the token, which is designed to strengthen the network. If this model works, it might give AI and tokenomics something to talk about.

威尼斯與眾不同的是其獨特的“賭注訪問”模型。用戶不支付訂閱費或刻錄令牌以使用平台的生成AI功能。相反，他們將$ vvv備份以訪問它們。這是對Stakers的明確價值主張，它創建了一個有趣的價值循環。使用令牌化服務的人越多，對代幣的需求就越多，該令牌旨在加強網絡。如果該模型有效，則可能會給AI和Sokenomics提供一些討論。

A Broader Rotation into AI and Infra-Focused Tokens

更廣泛地旋轉到AI和以Infra為中心的令牌

$VVV may be at the head of the pack, but it hardly runs alone. Tokens like $LAYER and $HOOK have seen mounting interest and an inflow of capital, too. Both are linked to infrastructure layers that, in the case of both tokens, aim to serve the next generation of decentralized applications, especially those driven by AI.

$ vvv可能位於背包的頭上，但幾乎不單獨運行。 $ layer和$ hook之類的令牌也看到了不斷增長的興趣和資本流入。兩者都與基礎架構層相關聯，在兩個令牌的情況下，旨在為下一代分散的應用程序，尤其是由AI驅動的應用程序服務。

$LAYER is all about a modular, scalable, global compute layer. It’s letting developers build highly customized, high-performance environments. And at the same time, it lets those developers rely on standard primitives, or building blocks, for the kinds of applications they’re creating.

$ layer全是模塊化，可擴展的全局計算層。它讓開發人員構建高度定制的高性能環境。同時，它使這些開發人員可以依靠標準原始圖或構建塊來創建的各種應用程序。

These assets reflect a more extensive market understanding: as AI becomes further incorporated into our digital existences, the infrastructure underpinning it has to be decentralized, resilient, and open. The platforms that furnish this backbone seem most primed to gain, both in user numbers and in goodwill from investors.

這些資產反映了更廣泛的市場理解：隨著AI進一步納入我們的數字存在，基礎設施的基礎設施必須是分散，彈性和開放的。在用戶數量和投資者的善意方面，提供這種骨幹的平台似乎最能獲得收益。

From Speculation to Substance: Real Utility Becomes the Key Driver

從猜測到實質：真正的實用程序成為關鍵驅動程序

Right now, more than just another hype cycle is happening. With the platforms like Venice rising and the tokens that power them, the crypto market is showing signs of maturing. The way things are playing out, the story is shifting from a purely speculative rotation into something that’s more about real, long-term sustained use cases.

目前，不僅僅是發生了另一個炒作週期。隨著威尼斯崛起和為它們供電的代幣等平台，加密貨幣市場正在顯示成熟的跡象。事情的播放方式，故事正在從純粹的投機旋轉轉變為更多關於真實，長期持續用例的事物。

Platforms providing decentralized AI that can’t be censored, is accessible to everyone, and are able to capture their economic value on-chain, are something I’m increasingly seeing as a very important component of the modern digital world. In that context, we’re looking at tokens like $VVV not as ephemeral, here-today-and-gone tokens, but as basic building blocks of an economic layer for decentralized AI.

我越來越將其視為現代數字世界的非常重要的組成部分，提供了分散的AI的平台，每個人都無法審查，每個人都可以訪問其經濟價值。在這種情況下，我們正在考慮像$ vvv這樣的代幣，而不是短暫的，在這裡 - today and-gone令牌，而是分散AI的經濟層的基本構建基礎。

If the current momentum continues, expect further inflows into tokens that are based around AI and those that are in the infrastructure layer. These tokens have not only good fundamentals, but they also have the kinds of good fundamentals that are leading to them having a user base that is growing quickly. So these tokens, in particular, are not just winning “mindshare”; they are well on their way to winning “market share” as well.

如果當前的動量繼續下去，預計會進一步流入基於AI和基礎架構層的代幣。這些代幣不僅具有良好的基礎知識，而且它們的基本原理也使他們擁有迅速增長的用戶群。因此，尤其是這些令牌不僅是贏得“思維舞”。他們也正在贏得“市場份額”。

Disclosure: This is not trading or investment advice. Always do your own research before buying any cryptocurrency or investing in any services.

披露：這不是交易或投資建議。在購買任何加密貨幣或投資任何服務之前，請務必進行自己的研究。

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