ZKsync Tokenomics：效用轉變還是只是另一種山寨幣反彈？

ZKsync 的 ZK 代幣的目標是超越治理的實用性，但這足夠了嗎？看看這種轉變、市場反應，以及它是否可以在人工智能加密熱潮中競爭。

ZKsync, the Ethereum Layer 2 scaling solution, is trying to redefine itself. The big news? A proposed shift in its ZK tokenomics, moving from a simple governance token to one with actual utility. But in a market flooded with promises, does this utility shift have what it takes, or is it just another altcoin bounce?

ZKsync，以太坊第 2 層擴容解決方案，正在嘗試重新定義自己。大新聞？ ZK 代幣經濟的擬議轉變，從簡單的治理代幣轉變為具有實際效用的代幣。但在充滿希望的市場中，這種效用轉變是否有其所需要的，或者只是另一種山寨幣的反彈？

ZK Tokenomics: From Governance to Utility

ZK Tokenomics：從治理到效用

For a while now, governance tokens have been viewed with some cynicism, rightfully so. The ZKsync team gets it. The new proposal aims to inject value into the ZK token through on-chain interoperability fees and off-chain enterprise licensing income. This revenue would then be used to fund staking rewards, ecosystem development, and a buyback-and-burn mechanism. Sounds good on paper, right?

一段時間以來，人們對治理代幣抱有一些憤世嫉俗的態度，這是理所當然的。 ZKsync 團隊明白了。新提案旨在通過鏈上互操作性費用和鏈下企業許可收入為ZK代幣注入價值。然後，這些收入將用於資助質押獎勵、生態系統開發以及回購和銷毀機制。紙面上聽起來不錯，對吧？

According to a press release, this proposal marks "part one" of the new tokenomics design, focusing on a value flywheel for the ZK token. Matter Labs' Alex Gluchowski stated, “As the network scales in production, value flowing through ZKsync should flow back to the ecosystem.” The key word is 'should.' Whether it actually does remains to be seen.

根據新聞稿，該提案標誌著新代幣經濟設計的“第一部分”，重點關注 ZK 代幣的價值飛輪。 Matter Labs 的 Alex Gluchowski 表示：“隨著網絡在生產中的擴展，流經 ZKsync 的價值應該流回生態系統。”關鍵詞是“應該”。是否真的如此還有待觀察。

Market Reaction: A Short-Lived Pump?

市場反應：短暫的上漲？

The market initially responded positively, with ZK jumping over 14% on the day of the announcement and up 62% on the week. But let's be real, the initial jump might have been fueled by those with advance knowledge of the proposal. The coin is still down 83% from its June 2024 peak.

市場最初反應積極，ZK 在公告發布當天上漲超過 14%，本週上漲 62%。但說實話，最初的跳躍可能是由那些預先了解該提案的人推動的。該代幣仍較 2024 年 6 月的峰值下跌 83%。

The Bigger Picture: AI and the Allure of "100x" Gains

更大的圖景：人工智能和“100 倍”增益的誘惑

While ZKsync is trying to reinvent itself, other projects are grabbing headlines with promises of astronomical returns. Take DeepSnitch AI, for example. It is an AI suite for crypto users, designed to solve problems that cost investors money every cycle. With its five distinct AI agents, this platform is being developed for staying power. Hype fades, but utility that protects and profits lasts.

當 ZKsync 試圖重塑自己時，其他項目也因承諾天文數字回報而成為頭條新聞。以 DeepSnitch AI 為例。它是一款面向加密貨幣用戶的人工智能套件，旨在解決投資者每個週期都需要花錢的問題。該平台擁有五個不同的人工智能代理，旨在增強持久力。炒作會消退，但保護和利潤的效用會持續。

Sure, ZKsync rallied 43% after praise from Vitalik Buterin, but technical indicators suggest it might be overheated. The market's always chasing the next big thing. While ZKsync has a $340 million market cap, DeepSnitch AI, still in its presale, sits squarely in that stage where asymmetric upside is still possible.

當然，在 Vitalik Buterin 的讚揚後，ZKsync 上漲了 43%，但技術指標表明它可能過熱。市場總是在追逐下一個大事件。雖然 ZKsync 的市值為 3.4 億美元，但仍處於預售階段的 DeepSnitch AI 完全處於仍然有可能出現不對稱上漲的階段。

Final Thoughts: Utility is King, But Execution is Everything

最後的想法：實用為王，但執行才是一切

ZKsync's attempt to inject utility into its ZK token is a step in the right direction. However, the crypto space is littered with projects that promised the moon and delivered… well, not the moon. Whether ZKsync can successfully execute its vision and compete with the allure of AI-driven projects remains to be seen.

ZKsync 嘗試將實用性注入其 ZK 代幣是朝著正確方向邁出的一步。然而，加密貨幣領域充斥著承諾登月並交付的項目……好吧，不是登月。 ZKsync 能否成功執行其願景並與人工智能驅動項目的吸引力競爭還有待觀察。

So, is ZKsync's utility shift a game-changer, or just another altcoin trying to stay relevant? Only time will tell. In the meantime, keep your eyes peeled and your skepticism dialed up. After all, in the world of crypto, a healthy dose of cynicism can be your best friend.

那麼，ZKsync 的效用轉變是遊戲規則的改變者，還是只是另一種試圖保持相關性的山寨幣？只有時間才能證明一切。與此同時，請保持警惕並提高懷疑態度。畢竟，在加密世界中，適量的憤世嫉俗可能是你最好的朋友。