Coinbase、DEX 和链上资产：新时代？

Coinbase 通过 DEX 交易更深入地研究 DeFi，而 Cardano 通过 Coinbase 看到了机构的兴趣，这标志着链上资产动态的转变。

Coinbase, DEX, and Onchain Assets: A New Era?

Coinbase、DEX 和链上资产：新时代？

Coinbase is making waves by integrating decentralized exchange (DEX) trading directly into its platform, opening up a world of onchain assets for its users. This move, coupled with growing institutional interest in assets like Cardano (ADA) through Coinbase, signals a significant shift in the crypto landscape. Let’s dive in, New York style.

Coinbase 通过将去中心化交易所 (DEX) 交易直接集成到其平台中而掀起了波澜，为用户开辟了一个链上资产的世界。这一举措，加上机构通过 Coinbase 对 Cardano (ADA) 等资产的兴趣日益浓厚，标志着加密货币格局的重大转变。让我们深入了解纽约风格。

Coinbase Goes DEX: Millions of Tokens at Your Fingertips

Coinbase 走向 DEX：数百万代币触手可及

Coinbase has officially launched DEX trading in the US (excluding New York, sorry folks!), letting users trade millions of onchain assets right within the app. Previously, Coinbase users were limited to around 300 listed assets. Now, they can access millions of tokens on Base, Coinbase’s Layer 2 blockchain. Think of it as going from a curated art gallery to the entire internet of art – a massive expansion!

Coinbase 已在美国正式推出 DEX 交易（不包括纽约，对不起各位！），让用户可以在应用程序内交易数百万链上资产。此前，Coinbase 用户仅限于 300 种左右的上市资产。现在，他们可以访问 Coinbase 的第 2 层区块链 Base 上的数百万个代币。可以把它想象成从一个策划的艺术画廊到整个艺术互联网——一次大规模的扩张！

This update integrates liquidity from platforms like 1inch and 0x, bringing non-custodial token swaps to the masses. Early supported projects include Virtuals AI Agents, Reserve Protocol DTFs, and more. Coinbase plans to continually add new Base assets, so users can trade freshly launched tokens almost immediately.

此更新集成了 1inch 和 0x 等平台的流动性，为大众带来非托管代币交换。早期支持的项目包括 Virtuals AI Agents、Reserve Protocol DTF 等。 Coinbase 计划不断添加新的 Base 资产，以便用户几乎可以立即交易新推出的代币。

Trading Made Easy (and Safe-ish)

交易变得简单（而且安全）

Coinbase is focusing on accessibility with its new DEX experience. The platform scans liquidity across various DEXs like Uniswap and Aerodrome to find the best prices automatically. Plus, they're integrating onchain data analytics to flag potentially risky or fraudulent tokens, adding a layer of safety not always found in the DeFi wild west.

Coinbase 专注于其新的 DEX 体验的可访问性。该平台扫描 Uniswap 和 Aerodrome 等各种 DEX 的流动性，以自动找到最佳价格。此外，他们还集成了链上数据分析来标记潜在风险或欺诈性代币，增加了 DeFi 狂野西部并不常见的安全层。

Cardano's Coinbase Connection: An Institutional Thumbs-Up?

卡尔达诺与 Coinbase 的联系：机构竖起大拇指？

Meanwhile, Cardano (ADA) is showing renewed momentum, breaking through its 50-day moving average. Interestingly, Coinbase has seen a whopping 462% increase in Cardano (ADA) holdings, totaling 9.56 million ADA. This surge coincides with the rapid growth of Coinbase Wrapped ADA on the Base network.

与此同时，卡尔达诺（ADA）显示出新的势头，突破了 50 日移动均线。有趣的是，Coinbase 的 Cardano (ADA) 持有量猛增 462%，达到 956 万枚 ADA。这一激增与 Coinbase Wrapped ADA 在 Base 网络上的快速增长同时发生。

This increase suggests growing onchain utility and storage demand from larger players. In contrast, Ripple (XRP) reserves on Coinbase dropped dramatically, hinting at a shift in preference towards wrapped Cardano products. Could this be a sign of institutional interest in Cardano? It sure looks like it.

这种增长表明较大参与者的链上实用性和存储需求不断增长。相比之下，Coinbase 上的 Ripple (XRP) 储备急剧下降，暗示人们对包装式卡尔达诺产品的偏好发生了转变。这是否表明机构对卡尔达诺感兴趣？看起来确实很像。

The Bigger Picture: Bridging TradFi and DeFi

更大的图景：连接 TradFi 和 DeFi

Coinbase's move into DEX trading and the institutional interest in Cardano (ADA) are both pieces of a larger puzzle: the convergence of traditional finance (TradFi) and decentralized finance (DeFi). Projects like OpenEden are also working to bridge this gap by tokenizing real-world assets (RWAs) like US Treasuries, offering regulated and secure onchain access to these assets.

Coinbase 进军 DEX 交易以及机构对 Cardano (ADA) 的兴趣都是一个更大难题的一部分：传统金融 (TradFi) 和去中心化金融 (DeFi) 的融合。 OpenEden 等项目也在努力通过对美国国债等现实世界资产 (RWA) 进行代币化来弥合这一差距，提供对这些资产的受监管且安全的链上访问。

Tokenization is the key here, turning real-world assets into digital tokens that can be traded on the blockchain. This opens up new opportunities for liquidity, efficiency, and transparency, but it also requires careful attention to compliance and security. OpenEden, for example, operates through regulated entities and uses institutional-grade custodians like The Bank of New York Mellon (BNY) to ensure the safety of its assets.

代币化是这里的关键，将现实世界的资产转化为可以在区块链上交易的数字代币。这为流动性、效率和透明度带来了新的机会，但也需要仔细关注合规性和安全性。例如，OpenEden 通过受监管的实体运营，并使用纽约梅隆银行 (BNY) 等机构级托管机构来确保其资产的安全。

My Two Satoshis: A Cautiously Optimistic View

我的两个中本聪：谨慎乐观的观点

While the integration of DEXs and tokenized RWAs into mainstream platforms like Coinbase is exciting, it's important to proceed with caution. DeFi is still a relatively new and rapidly evolving space, and there are risks involved. However, the potential benefits – increased access to financial markets, greater transparency, and new investment opportunities – are too significant to ignore. As always, do your own research and only invest what you can afford to lose.

虽然将 DEX 和代币化 RWA 集成到 Coinbase 等主流平台令人兴奋，但谨慎行事也很重要。 DeFi 仍然是一个相对较新且快速发展的领域，并且存在风险。然而，潜在的好处——增加金融市场准入、提高透明度和新的投资机会——是不容忽视的。一如既往，进行自己的研究，并只投资您能承受损失的部分。

What's Next? Solana and Beyond

接下来是什么？ Solana 及其他

Coinbase plans to add DEX support for more networks, starting with Solana, and expand DEX functionality to more international markets. This will further extend onchain access to millions of users worldwide.

Coinbase 计划从 Solana 开始为更多网络添加 DEX 支持，并将 DEX 功能扩展到更多国际市场。这将进一步将链上访问扩展到全球数百万用户。

So, keep an eye on Coinbase and the evolving landscape of DEXs and onchain assets. It's a wild ride, but it could be the future of finance. And hey, maybe one day even New Yorkers will get to join the fun (no offense, guys).

因此，请密切关注 Coinbase 以及 DEX 和链上资产不断发展的格局。这是一次疯狂的旅程，但它可能是金融的未来。嘿，也许有一天，连纽约人也能加入其中（无意冒犯，伙计们）。

Stay tuned, crypto fam! The future is looking... well, decentralized. Let's just hope it doesn't get too crazy out there!

请继续关注，加密货币爱好者！未来看起来……嗯，去中心化。我们只希望事情不会变得太疯狂！