尽管比特币BTC/USD的交易接近其历史最高价格，但Zigchain的联合创始人Abdul Rafay Gadit认为，更广泛的加密货币市场已准备好进行转变。

发生的事情是：在接受Benzinga的采访中，Gadit认为，随着宏观经济压力的轻松和利率开始下降，投资者应为向山寨币进行强烈旋转做准备。

As Bitcoin BTC/USD hovers near its all-time high price, Abdul Rafay Gadit, co-founder of ZigChain, sees a shift in the broader crypto market.

随着比特币BTC/USD徘徊在其有史以来高价的近距离，Zigchain的联合创始人Abdul Rafay Gadit看到了更广泛的加密货币市场的转变。

In an interview with Benzinga, Gadit anticipates a strong rotation into altcoins as macroeconomic pressures ease and interest rates begin to fall. He also named decentralized finance and tokenization as the most undervalued sectors in crypto, highlighting their real-world utility and long-term growth potential.

在接受Benzinga的采访中，Gadit预计随着宏观经济压力的轻松和利率开始下降，向Altcoins进行了强烈的旋转。他还将权力下放的财务和令牌化命名为加密货币中最被低估的部门，强调了他们的现实世界实用程序和长期增长潜力。

“Eighty to ninety percent of tokens are down, but Bitcoin has skewed the entire market perception. Once rate cuts begin and inflation stabilizes, money will flow to other assets as well.”

“百分之八十至90％的代币均下降，但比特币偏向整个市场的看法。一旦降低速度开始并稳定通货膨胀，钱也将流向其他资产。”

While acknowledging the strong institutional capital flowing into Bitcoin, Gadit expects to see altcoins tied to productive use cases gain traction next.

加迪特（Gadit）承认强大的机构资本流向比特币，但接下来会看到与生产用例相关的山寨币。

“We're already seeing it. Family offices and institutions are becoming more open to exploring altcoins, especially those with clear utility and a narrative.”

“我们已经看到了它。家庭办事处和机构越来越开放探索山寨币，尤其是那些具有清晰效用和叙述的山寨币。”

Bullish On Tokenization And DeFi

看好令牌化和defi

Gadit is particularly optimistic about the future of tokenized real-world assets (RWAs). He believes that bringing traditionally illiquid assets such as real estate, private credit, and equities onto blockchain rails will drive the next wave of crypto adoption.

Gadit对代币化现实世界资产（RWA）的未来特别乐观。他认为，将传统流动性的资产（例如房地产，私人信贷和股票）带到区块链导轨上将推动下一波加密货币采用。

“The DeFi sector overall, especially tokenization, is pretty much undervalued right now. If a real use case of AI or tokenization can lower the operational costs of blockchain, it could be massively disruptive.”

“总体上，尤其是代币化的挑战部门现在几乎被低估了。如果AI或令牌化的真正用例可以降低区块链的运营成本，则可能会大大破坏。”

ZigChain is currently working with Zamanat, a Sharia-compliant RWA tokenization platform, to tokenize $2.5 billion worth of real estate in Dubai over the next three years.

Zigchain目前正在与符合伊斯兰教义的RWA令牌平台Zamanat合作，在未来三年内，在迪拜将价值25亿美元的房地产代币合作。

“Think of a $15 million family office that usually can’t access private credit deals with high entry minimums. Through tokenization, even those chunks can be broken down into $1,000 units and accessed globally.”

“想想一个耗资1500万美元的家庭办公室，通常无法获得最低入场费的私人信贷交易。通过令牌化，即使这些块也可以分为1,000美元，并在全球范围内访问。”

Retail Inclusion And Infrastructure Investment

零售包含和基础设施投资

While other platforms like Ondo Finance ONDO/USD focus on institutions, ZigChain is betting on retail adoption.

虽然其他平台（例如Ondo Finance Ondo/USD）专注于机构，但Zigchain押注了零售的采用。

Gadit emphasized that ZigChain is building an all-in-one infrastructure layer that enables tokenized assets, stablecoins, and DeFi products to co-exist seamlessly.

加迪特强调，Zigchain正在建立一个多合一的基础设施层，该层可以使标记资产，稳定产品和Defi产品无缝共存。

“The end user should not even feel that they are working on a blockchain.”

“最终用户甚至不应该感到自己正在使用区块链。”

Gadit also disclosed that ZigChain is investing in acquiring a fund tokenization license from the Dubai International Financial Centre (DIFC), viewing this as a key milestone in legitimizing tokenized asset offerings.

加迪特（Gadit）还透露，Zigchain正在投资从迪拜国际金融中心（DIFC）获得基金令牌许可证，将其视为合法化令牌化资产产品的关键里程碑。

“That license alone shows how serious we are. Most serious tokenization players won't even launch their own token for the next five years—they're focused on infrastructure.”

“仅凭该许可证就表明了我们的认真程度。最认真的令牌化参与者甚至不会在未来五年内推出自己的令牌 - 他们专注于基础设施。”

From Bitcoin To Altcoins: Institutional Appetite Matures

从比特币到Altcoins：机构食欲成熟

Despite ongoing regulatory shifts and geopolitical uncertainty, Gadit is confident that institutional interest in crypto is accelerating.

尽管持续的监管转变和地缘政治不确定性，但加迪特对加密货币的机构兴趣正在加速。

“Every day in Dubai, I meet someone from a large family office or desk who's looking to enter crypto. It always starts with Bitcoin, but eventually they begin to explore other tokens and asset classes.”

“每天在迪拜，我都会遇到一个想进入加密货币的大型家庭办公室或桌子上的人。它总是从比特币开始，但最终他们开始探索其他令牌和资产课程。”

He added that this institutional behavior, especially after spot Bitcoin ETF approvals, has helped Bitcoin maintain its strength above $100,000. However, Gadit expects a shift.

他补充说，这种机构行为，尤其是在现场比特币ETF批准之后，帮助比特币保持了超过100,000美元的实力。但是，加迪特预计会发生变化。

“Barring any black swan events, I think my thesis for the next 12 to 24 months is that the market will do well, and altcoins will catch up.”

“除非所有黑天鹅事件，否则我认为我在接下来的12到24个月中的论文是市场将做得很好，而Altcoins将会赶上。”

In terms of specific sectors, Gadit sees long-term potential in Layer-1 blockchains with real use cases, exchange tokens, and tokenized assets.

就特定部门而言，Gadit认为具有实际用例，交换令牌和令牌化资产的1层区块链的长期潜力。

“DEX tokens like Uniswap and Radium will benefit as volumes shift to decentralized trading venues. Exchanges, whether Bitget or Binance, are just buy-and-hold bets for me.”

“诸如UNISWAP和镭之类的DEX令牌将随着量转移到分散的交易场所而受益。交易所，无论是Bitget还是Binance，对我来说只是购买和持有的赌注。”

Crypto Investing Is Maturing

加密投资正在成熟

Gadit believes the market is becoming more disciplined in how it judges crypto projects.

加迪特（Gadit）认为，市场对加密货币项目的评估方式变得越来越纪律。

“Gone are the days when you could raise money on promises alone. Now, revenue and user adoption are the key metrics. Token price is no longer enough.”

“您可以仅凭承诺就可以筹集资金的日子已经一去不复返了。现在，收入和用户采用是关键指标。代币价格已不够。”

He noted that many high-profile protocols have struggled due to inflated valuations and poor tokenomics.

他指出，由于估值膨胀和差的令牌学，许多备受瞩目的方案都在挣扎。

“It's the fault of the cap table. When investors are already 10x up at launch, you're racing to the bottom.”

“这是帽台的错。当投资者在发布时已经上升10倍时，您就会陷入底部。”

Even with hype cycles around AI or other narratives, Gadit believes real utility will win out.

即使围绕AI或其他叙述进行了炒作周期，Gadit也认为真正的效用将胜出。

“We use AI internally to reduce costs and increase margin, but we don't shout about it. The projects that quietly solve real problems will be the ones that last.”See More: Top 400 Coins

“我们在内部使用AI来降低成本和增加利润，但我们不对此大喊大叫。悄悄解决真正问题的项目将是持续的问题。”