Coinw写了Web3时代的混合动力剧本

在过去的一年中，集中式交流已经开始安静但重要的转变。领先的CEX越来越多地探索，而不是呆在封闭的平台内

Centralized exchanges are adapting to a new crypto landscape. After the FTX collapse, the industry is focused on decentralization, and exchanges are pivoting to meet this shift in user behavior and market expectations.

集中式交流正在适应新的加密景观。 FTX崩溃后，该行业专注于权力下放，交易所正在旋转以满足用户行为和市场期望的这种转变。

This is also driving tighter global regulations, presenting a dual challenge for exchanges to stay competitive while building trust.

这也推动了更严格的全球法规，对交流在建立信任时保持竞争力的双重挑战。

To navigate this, a new class of platforms—often dubbed “Next-Gen CEXs”—are emerging. These exchanges are no longer limited to trading services; they are building infrastructure, launching protocols, and supporting entire on-chain ecosystems.

为了解决这个问题，新的平台通常被称为“下一代CEXS”。这些交流不再限于交易服务；他们正在建设基础架构，启动协议并支持整个链生态系统。

The rise of Next-Gen CEXs marks a broader industry transition. As user expectations evolve, exchanges are being pushed to deliver both performance and trust. And as the boundaries between centralized and decentralized platforms are becoming increasingly blurred, market dynamics force CEXs to redefine their roles beyond mere trading venues.

下一代CEXS的兴起标志着行业的更广泛的过渡。随着用户期望的发展，正在推动交流以提供绩效和信任。随着集中式平台和分散平台之间的界限变得越来越模糊，市场动态迫使CEXS重新定义其在贸易场所之外的角色。

Why CEXs Are Going On-Chain

为什么CEXS开始链

The push toward on-chain products is not just about innovation. It is also a direct response to the evolving landscape that centralized exchanges (CEXs) must navigate.

推向链产品的推动不仅仅是创新。这也是对不断发展的景观的直接反应，集中式交流（CEXS）必须导航。

Regulatory pressure is increasing globally. In many countries and regions, CEXs are facing stricter KYC/AML requirements and greater demands for transparency. This leads many exchanges to reconsider their traditional off-chain models, which have relied on more opaque operations.

监管压力在全球增加。在许多国家和地区，CEXS面临着更严格的KYC/AML要求，并且对透明度的要求更高。这导致许多交流重新考虑其传统的脱链模型，这些模型依赖于更多不透明的操作。

As regulatory expectations evolve, CEXs are exploring on-chain solutions as a potential way to meet compliance standards. These solutions also offer opportunities to unlock new growth.

随着监管期望的发展，CEXS正在探索链解决方案，这是满足合规性标准的潜在方法。这些解决方案还提供了解锁新增长的机会。

At the same time, user expectations are evolving. Both retail and institutional investors seek greater control over their assets and demand enhanced transparency and ownership—features inherent to decentralized systems.

同时，用户期望正在发展。零售和机构投资者都寻求对其资产的更大控制，并要求提高透明度和所有权 - 分散系统固有的功能。

CEXs, as key players within the blockchain ecosystem, increasingly recognize the need to meet these demands. They also understand the importance of embracing their role in fostering the transition to a more decentralized world.

作为区块链生态系统中的主要参与者，CEXS越来越认识到满足这些要求的必要性。他们还了解拥抱自己在促进过渡到更加分散世界的角色方面的重要性。

Technologically mature solutions such as roll-up, zero-knowledge proof and account abstraction have enhanced scalability and reduced costs. With their larger resources and broader user base, CEXs are well-positioned to integrate innovations which promote the development of on-chain products to meet user expectations without compromising performance.

在技​​术上成熟的解决方案，例如汇总，零知识证明和账户抽象具有提高的可扩展性和降低的成本。凭借其更大的资源和更广泛的用户群，CEXS具有良好的位置，可以整合创新，从而促进链上产品的开发，以满足用户期望而不会损害性能。

Still, the shift toward on-chain infrastructure brings real challenges. For CEXs, lowering the entry barrier for Web2-native users remains key. This is especially important when it comes to UX design and onboarding flows.

尽管如此，向链链基础设施的转变带来了真正的挑战。对于CEXS，降低Web2-native用户的进入障碍仍然是关键。当涉及到UX设计和入职流时，这一点尤其重要。

Security is another priority, as new custody models introduce unfamiliar risks, while fragmented liquidity and ecosystem silos overcomplicate cross-chain integration.

安全是另一个优先事项，因为新的监护模型引入了不熟悉的风险，而流动性和生态系统孤岛则越来越多。

Building Beyond the Exchange

在交换之外建造

As centralized exchanges adapt to a shifting industry landscape, some are going beyond product rollouts to explore deeper roles in the on-chain ecosystem. CoinW is one such example.

随着集中交流适应不断变化的行业景观，有些人超越了产品推广，以探索链生态系统中更深层次的角色。 Coinw就是这样一个例子。

Its approach combines technical innovation with user education and ecosystem integration. This positions it not only as a trading platform, but also as an active contributor to the decentralized future.

它的方法将技术创新与用户教育和生态系统集成相结合。这不仅将其作为交易平台，而且是分散未来的积极贡献者。

DeriW: Bringing Efficient Performance to On-Chain Derivatives

deriw：为链衍生物带来有效的性能

As the demand for decentralized derivatives trading continues to grow, many existing platforms face trade-offs between speed, cost, and decentralization. Users are often forced to choose between performance and control. DeriW enters this landscape with a bold ambition: to deliver a truly seamless, self-custodial trading experience without compromising on efficiency or scalability.

随着对分散衍生品交易的需求不断增长，许多现有平台面临速度，成本和权力下放之间的权衡。用户通常被迫在性能和控制之间进行选择。 DEDIW以大胆的野心进入这一景观：提供真正无缝的自我监测交易经验而不损害效率或可扩展性。

DeriW is an independent on-chain initiative designed to redefine the derivatives trading experience. Currently in public testnet, DeriW is a decentralized perpetuals platform built as a Layer 3 chain on Arbitrum Orbit, which was developed by CoinW team. By leveraging custom infrastructure, it delivers high-speed performance with minimal gas fees. It has a throughput of over 80,000 TPS, offering a seamless, high-performance on-chain trading experience within a fully decentralized architecture.

Deriw是一项独立的链倡议，旨在重新定义衍生品交易经验。 DERIW目前在公共测试网中，是一个由Coinw Team开发的仲裁轨道上的第3层链中的分散的永久平台。通过利用自定义基础设施，它可以提供高速性能，并以最少的汽油费用。它的吞吐量超过80,000个TP，在完全分散的建筑中提供了无缝，高性能的链交易经验。

DeriW introduces a Pendulum AMM that adjusts liquidity dynamically based on open positions. This helps to reduce slippage and improve capital efficiency. It also supports up to 100x leverage on major pairs (leverage is subject to jurisdictional availability), along with a self-custodial design. Such features strike a balance between user control and accessibility.

deriw引入了一个摆动量，该摆amm根据开放位置动态调整流动性。这有助于降低滑倒并提高资本效率。它还可以在主要配对上支持多达100倍的杠杆作用（杠杆率符合管辖权的可用性），以及自定义的设计。此类功能在用户控制和可访问性之间取得了平衡。

Rather than replicating existing DeFi models, DeriW is exploring a hybrid direction—building for performance while retaining decentralization principles. It highlights how exchanges like CoinW can channel their operational know-how into the next generation of decentralized trading infrastructure.

Deriw并没有复制现有的DEFI模型，而是在探索混合方向，即在保留权力下放原则的同时建立绩效。它强调了像Coinw这样的交流如何将其运营知识转移到下一代分散的交易基础设施中。

PropW: Lowering Barriers, Raising Competence

propw：降低障碍，提高能力

For aspiring traders looking to grow without risking their own capital,PropW offers a powerful launchpad. PropW is an initiative dedicated to advancing trader education, risk-free training, and capital empowerment—key pillars for helping users transition from Web2 to Web3. Developed by CoinW teams, it helps address a key challenge facing many centralized exchanges: onboarding new users unfamiliar with crypto. It also equips them with the tools and confidence needed to become active participants in decentralized markets.

对于希望在不冒着自己的资本冒险的有抱负的交易者来说，PROPW提供了强大的发射台。 PROPW是一项致力于推进交易者教育，无风险培训和资本赋权的计划，这是帮助用户从Web2过渡到Web3的钥匙支柱。由Coinw Teams开发，有助于应对许多集中交流面临的关键挑战：登上不熟悉加密货币的新用户。它还使他们拥有在分散市场中积极参与者所需的工具和信心。

At its core, PropW provides a simulated trading environment. Users can practice strategies

PROPW以其核心提供了模拟的交易环境。用户可以练习策略