2024 年上半年加密货币市场继续走高

加密货币市场在 2023 年取得的收益的基础上，在 2024 年上半年继续走高。

The first half of 2024 saw the crypto market continue rising, building on the gains of 2023. The total market cap now stands at around $2.27 trillion — a solid 37.3% growth year-to-date.

2024 年上半年，加密货币市场在 2023 年收益的基础上继续上涨。总市值目前约为 2.27 万亿美元，年初至今稳定增长 37.3%。

From a numbers standpoint, most of these gains were packed into the first quarter with a massive 60.2% increase. The second quarter was a bit rougher, with the market giving back some gains and dropping by 14.3%.

从数字的角度来看，大部分收益都集中在第一季度，增幅高达 60.2%。第二季度的情况有些艰难，市场回吐了一些涨幅，下跌了 14.3%。

Comparing the performance to traditional assets, Bitcoin and Ethereum have been the top performers, with returns of 48% and 43%, respectively, year-to-date.

与传统资产的表现相比，比特币和以太坊表现最好，今年迄今的回报率分别为 48% 和 43%。

"Bitcoin’s potential diversification benefits and strong performance compared to a purely traditional finance portfolio are evident," Binance Research analysts pointed out in their H1 report.

币安研究分析师在上半年报告中指出：“与纯粹的传统金融投资组合相比，比特币的潜在多元化优势和强劲表现是显而易见的。”

Layer-1s (L1s) started the year strong. Bitcoin continued to gain market dominance following its fourth Halving, the launch of the Runes Protocol, and the approval of U.S. spot ETFs, which have pulled in over $14 billion so far. Ethereum saw a boom in restaking and the EIP-4844 update.

Layer-1 (L1) 年初表现强劲。在第四次减半、推出 Runes 协议以及美国现货 ETF 获得批准后，比特币继续获得市场主导地位，迄今为止，比特币已吸引了超过 140 亿美元的资金。以太坊见证了重新质押和 EIP-4844 更新的繁荣。

Moreover, BNB Chain kept working on opBNB and Greenfield, and Solana shined in the memecoin space and launched blockchain links (blinks).

此外，BNB Chain继续致力于opBNB和Greenfield，Solana在memecoin领域大放异彩并推出了区块链链接（眨眼）。

"The first half of 2024 was all about airdrops in the Layer-2 (L2) world, especially for zero-knowledge (zk) projects," Binance Research highlighted. These incentives brought in large capital inflows, pushing the total value locked (TVL) in L2s to $43 billion — a 90% jump in just six months.

币安研究院强调：“2024 年上半年都是关于 Layer-2 (L2) 世界的空投，尤其是零知识 (zk) 项目。”这些激励措施带来了大量资本流入，将 L2 锁定的总价值 (TVL) 推至 430 亿美元，在短短六个月内增长了 90%。

DeFi saw a huge influx of capital, driving the TVL up 72.8% year-to-date to $94.1 billion, from $54.4 billion at the start of the year. This boost has benefited nearly every DeFi sector, leading to the rise of protocols making previously inaccessible financial tools available on-chain.

大量资金涌入 DeFi，推动 TVL 从年初的 544 亿美元增长 72.8%，达到 941 亿美元。这种推动几乎使所有 DeFi 领域受益，导致协议的兴起，使以前无法访问的金融工具可以在链上使用。

The stablecoins market has made a notable comeback, now just 14.5% below its peak in April 2022, before the TerraUSD (UST) crash. As of June 30, 2024, the stablecoins market cap was $161 billion, a two-year high.

稳定币市场已显着回升，目前仅比 TerraUSD (UST) 崩盘前 2022 年 4 月的峰值低 14.5%。截至 2024 年 6 月 30 日，稳定币市值为 1610 亿美元，创两年新高。

Tether’s USDT still leads, but Circle’s USDC and Ethena’s USDe have been gaining ground. "The stablecoins market is recovering impressively, reaching levels we haven't seen since before the TerraUSD crash," noted Binance Research.

Tether 的 USDT 仍然领先，但 Circle 的 USDC 和 Ethena 的 USDe 一直在进步。币安研究院指出：“稳定币市场正在显着复苏，达到了自 TerraUSD 崩盘以来从未见过的水平。”

Elsewhere, NFT markets had a turbulent first half, with sales volumes dropping and major projects seeing floor prices fall by more than 50%. Blur maintained its dominance, boosted by the Blast token airdrop, while Pudgy Penguins found some success with their physical toys. Bitcoin NFTs also continued to do well.

另一方面，NFT 市场上半年动荡，销量下降，主要项目底价下跌超过 50%。在 Blast 代币空投的推动下，Blur 保持了主导地位，而 Pudgy Penguins 则通过实体玩具取得了一些成功。比特币 NFT 也继续表现良好。

Web3 gaming had a strong Q1, but Q2 saw gaming tokens drop in market cap along with the rest of the altcoin market.

Web3 游戏第一季度表现强劲，但第二季度游戏代币的市值与其他山寨币市场一起下降。

Despite falling prices, user growth metrics were better than ever, with projects like Pixels and Hamster Kombat attracting large numbers of players with the promise of token airdrops. "User growth in Web3 gaming remains strong, even as token prices fluctuate," said Binance Research.

尽管价格下跌，但用户增长指标比以往任何时候都好，Pixels 和 Hamster Kombat 等项目凭借代币空投的承诺吸引了大量玩家。币安研究院表示：“即使代币价格波动，Web3 游戏的用户增长仍然强劲。”

“Looking ahead to the second half of 2024, six key themes are particularly exciting, and we expect to see significant progress in these areas throughout the year. These themes cover various narratives and sectors, including the macro environment, Bitcoin ecosystem, ownership economy applications, and real-world assets (RWAs),” the half-year report concludes.

“展望 2024 年下半年，有六个关键主题特别令人兴奋，我们预计全年这些领域将取得重大进展。这些主题涵盖了各种叙述和领域，包括宏观环境、比特币生态系统、所有权经济应用和现实世界资产（RWA），”半年报告总结道。