iOSG 洞察：亚洲开发者引领加密货币应用周期

探索亚洲开发者如何在快速迭代和对市场动态的深刻理解的推动下，在加密货币应用周期中占据领先地位。发现从基础设施到以应用程序为中心的价值捕获的转变。

iOSG Insights: Asian Developers Spearheading the App Cycle in Crypto

iOSG 洞察：亚洲开发者引领加密货币应用周期

The crypto landscape is evolving, and Asian developers are at the forefront. With their engineering prowess, market sensitivity, and rapid iteration capabilities, they're driving the new application cycle. Let's dive into the key trends and insights shaping this exciting phase.

加密货币领域正在不断发展，亚洲开发商处于最前沿。凭借其工程实力、市场敏感性和快速迭代能力，他们正在推动新的应用周期。让我们深入探讨塑造这一激动人心阶段的主要趋势和见解。

From Infrastructure to Applications: A Paradigm Shift

从基础设施到应用程序：范式转变

Remember the late '90s internet boom? Investment poured into infrastructure like fiber optic networks. Similarly, early crypto focused on blockchain infrastructure, making block space a scarce and expensive commodity. But times have changed. Key Ethereum upgrades, such as EIP-4844, have dramatically reduced the cost of block space, shifting value capture from underlying infrastructure to applications.

还记得 90 年代末的互联网热潮吗？投资大量涌入光纤网络等基础设施。同样，早期的加密货币专注于区块链基础设施，使区块空间成为稀缺且昂贵的商品。但时代已经变了。关键的以太坊升级，例如 EIP-4844，极大地降低了区块空间的成本，将价值捕获从底层基础设施转移到应用程序。

Now, applications can place their core logic directly on the blockchain, improving conversion rates and forming closed-loop systems. We're seeing verifiable on-chain revenue generated through fees, subscriptions, and services, leading to more robust and sustainable business models. As a result, application-layer revenues are making up an increasing share of total revenues, and are becoming more robust.

现在，应用程序可以将核心逻辑直接放在区块链上，提高转化率并形成闭环系统。我们看到通过费用、订阅和服务产生的可验证的链上收入，从而带来更稳健和可持续的商业模式。因此，应用层收入在总收入中所占的份额越来越大，并且变得更加强劲。

The Rise of Asian Developers

亚洲开发商的崛起

According to Electric Capital's 2024 Developer Report, Asian developers now constitute the largest developer hub in the blockchain space, surpassing North America. This isn't just about numbers; it's about a unique blend of skills. Asian teams, particularly Chinese teams, excel at rapid iteration, quick validation of needs, and overseas expansion through localization. These strengths perfectly align with the demands of the crypto world.

根据 Electric Capital 的 2024 年开发者报告，亚洲开发者现已超越北美，成为区块链领域最大的开发者中心。这不仅仅是数字的问题；这是一种独特的技能组合。亚洲团队尤其是中国团队擅长快速迭代、快速验证需求以及通过本地化进行海外扩张。这些优势完全符合加密世界的需求。

Asian developers have a structural advantage in the crypto application lifecycle. They possess both strong engineering capabilities and a keen sensitivity to market speculation cycles, along with exceptional execution ability. Projects like Rabby Wallet, gmgn.ai, and Pendle showcase the talent emerging from Asia.

亚洲开发商在加密应用程序生命周期中具有结构性优势。他们拥有强大的工程能力和对市场投机周期的敏锐敏感性，以及卓越的执行能力。 Rabby Wallet、gmgn.ai 和 Pendle 等项目展示了来自亚洲的人才。

Investing in the Application Cycle

投资应用周期

What does this mean for investors? Trading, asset issuance, and financial applications still offer the best product-to-market fit. Consider investing in the beta of a sector if there's uncertainty in investing in a specific sector. For example, focus on tool-based prediction market projects, such as aggregators and chip analysis tools.

这对投资者意味着什么？交易、资产发行和金融应用程序仍然提供最佳的产品与市场契合度。如果投资某个特定行业存在不确定性，请考虑投资某个行业的贝塔值。例如，专注于基于工具的预测市场项目，例如聚合器和芯片分析工具。

Getting these applications to the masses requires unified trading front-ends and mobile platforms. Wallets are evolving beyond asset management tools, acting as Web2 browsers, capturing order flows, and serving as distribution channels.

将这些应用程序推向大众需要统一的交易前端和移动平台。钱包正在超越资产管理工具的范畴，充当 Web2 浏览器、捕获订单流并充当分销渠道。

The Future is Mobile and Asian-Led

未来是移动和亚洲主导的

We're anticipating a shift away from a US-dominated narrative towards a model where Asian products are launched first and then expand into European and American markets. Mobile is key. Whether it's the user's first deposit or frequent daily operations, the experience will be much smoother on mobile.

我们预计，美国主导的叙事模式将转变为首先推出亚洲产品，然后扩展到欧洲和美国市场的模式。移动是关键。无论是用户首次存款，还是频繁的日常操作，在移动端的体验都会顺畅很多。

So, buckle up! The application cycle is here, and Asian developers are driving the innovation. It's going to be a wild, exciting ride, and I, for one, am thrilled to see what they build next.

所以，系好安全带！应用周期已经到来，亚洲开发者正在推动创新。这将是一次狂野、令人兴奋的旅程，我很高兴看到他们接下来会建造什么。