嘉手纳的路的尽头？ KDA 代币因项目放弃而暴跌

Kadena 关闭运营，导致 KDA 代币螺旋式上涨。这是结束了，还是社区可以让这条链继续存在？

Kadena's End of the Road? KDA Token Plummets Amid Project Abandonment

嘉手纳的路的尽头？ KDA 代币因项目放弃而暴跌

In a dramatic turn of events, Kadena, once hailed as a promising Layer-1 blockchain, has ceased operations, triggering a massive sell-off of its native KDA token. Down 60% and 99% from its all-time high, what does this mean for the future of Kadena and its community?

事态发生了戏剧性的转变，曾经被誉为有前途的 Layer-1 区块链的 Kadena 已经停止运营，引发了其原生 KDA 代币的大规模抛售。较历史最高点下降 60% 和 99%，这对嘉手纳及其社区的未来意味着什么？

The Announcement: Kadena Calls It Quits

公告：嘉手纳宣布退出

Citing "unsustainable market conditions" and a lack of a viable short-term trajectory, the Kadena Foundation announced it would halt all operations and active maintenance of the Kadena blockchain. The news sent shockwaves through the crypto market, with the KDA token experiencing a rapid and devastating decline.

嘉手纳基金会以“不可持续的市场状况”和缺乏可行的短期轨迹为由，宣布将停止嘉手纳区块链的所有运营和积极维护。这一消息震惊了加密货币市场，KDA 代币经历了快速且毁灭性的下跌。

Blockchain to Live On? Decentralization to the Rescue?

区块链能否生存？去中心化来拯救？

Despite the foundation's shutdown, the Kadena blockchain itself will continue to operate. As a proof-of-work system, Kadena relies on independent miners to process transactions. The network's smart contracts are maintained by the broader developer community. Kadena's team emphasized that the blockchain is not owned or operated by the company, and this decentralization allows it to live on, even without core team support. The network will continue via independent miners and deployed protocols.

尽管基金会关闭，嘉手纳区块链本身仍将继续运营。作为工作量证明系统，Kadena 依靠独立矿工来处理交易。该网络的智能合约由更广泛的开发者社区维护。 Kadena 团队强调，区块链不由公司拥有或运营，这种去中心化使其即使没有核心团队支持也能继续存在。该网络将通过独立的矿工和部署的协议继续运行。

What Went Wrong? A Promising Project Falters

出了什么问题？一个有前途的项目陷入困境

Founded in 2016 by JP Morgan alumni, Kadena launched with ambitious goals. It aimed to combine Bitcoin-level security with Ethereum-style smart contracts, targeting enterprise use cases with its scalable, multi-chain Proof-of-Work design and unique Pact programming language. A $100 million grant program in 2022 attempted to attract Web3 developers, followed by an even bigger $50 million Leap Grant Program in 2024. However, Kadena struggled to gain lasting traction, failing to compete with more developer-friendly platforms like Ethereum and Solana. Kadena's collapse serves as a reminder that even well-funded blockchain ventures can struggle in a rapidly evolving industry. Observers point to a failure to establish a self-sustaining network effect, compounded by a harsh macroeconomic environment.

Kadena 由摩根大通校友于 2016 年创立，其目标雄心勃勃。它旨在将比特币级安全性与以太坊式智能合约相结合，以其可扩展的多链工作量证明设计和独特的 Pact 编程语言针对企业用例。 2022 年的 1 亿美元资助计划试图吸引 Web3 开发者，随后在 2024 年又推出了规模更大的 5000 万美元 Leap 资助计划。然而，Kadena 难以获得持久的吸引力，未能与以太坊和 Solana 等更适合开发者的平台竞争。嘉手纳的倒闭提醒人们，即使是资金雄厚的区块链企业也可能在快速发展的行业中陷入困境。观察家指出，未能建立自我维持的网络效应，而严峻的宏观经济环境更是雪上加霜。

The Future of Kadena: Three Possible Scenarios

嘉手纳的未来：三种可能的情况

The future of Kadena is uncertain, but several scenarios are possible:

嘉手纳的未来尚不确定，但有几种可能的情况：

• Scenario 1: The community rallies and successfully maintains and develops the network.
• Scenario 2: The network continues to function in a limited capacity, supported by existing miners, but lacks significant further development.
• Scenario 3: The network gradually declines and becomes obsolete.

What's Next for KDA Holders?

KDA 持有者的下一步是什么？

If you're holding KDA or building on Kadena, the next few days are critical. Monitor your DeFi applications, wallets, and bridges on the network. Community involvement will be key to Kadena's survival.

如果您持有 KDA 或在 Kadena 上构建，接下来的几天至关重要。监控网络上的 DeFi 应用程序、钱包和桥接器。社区参与将是嘉手纳生存的关键。

CoinLaw’s Takeaway

CoinLaw 的要点

Kadena's story is a familiar one in the crypto world: a project with a strong technical team and a promising model that ultimately fails to achieve lasting traction. The sudden exit of the core team highlights the importance of community and developer support for decentralized networks. Kadena is a strong reminder that decentralization only works when the community steps up.

Kadena 的故事在加密世界中是一个耳熟能详的故事：一个拥有强大技术团队和有前途的模型的项目，最终未能获得持久的吸引力。核心团队的突然退出凸显了社区和开发者支持对去中心化网络的重要性。 Kadena 强烈提醒我们，只有社区挺身而出，去中心化才会发挥作用。

So, is this the end for Kadena? Only time will tell. But one thing is certain: the Kadena saga serves as a cautionary tale for the crypto industry. Let's hope the Kadena community can pull a rabbit out of a hat and keep this chain alive!

那么，嘉手纳的结局就这样了吗？只有时间才能证明一切。但有一点是肯定的：嘉手纳事件对加密行业来说是一个警示。希望嘉手纳社区能变出变通办法，让这条链条继续存在下去！