尽管缺乏炒作，WisdomTree产品负责人Jason Guthrie对Crypto的未来很乐观

资产管理经理WisdomTree产品负责人Jason Guthrie表示，尽管缺乏明显的炒作，他还是很乐观的，这通常与加密公牛奔跑有关。

Jason Guthrie, the head of product at asset manager WisdomTree, says he's optimistic despite a noticeable lack of hype that typically comes along with a crypto bull run.

资产管理经理Wisdomtree产品负责人Jason Guthrie表示，尽管缺乏明显的炒作，但他还是很乐观的。

There hasn't been a "really frothy use case that has typically driven these market cycles previously," such as initial coin offerings (ICOs), non-fungible tokens (NFTs), or decentralized finance (DeFi) lending, Guthrie told Cointelegraph at Consensus.

Guthrie告诉Cointelegraph，没有“真正造成这些市场周期的真正泡沫用例”，例如初始硬币产品（ICO），不可杀死的代币（NFTS）或分散的财务（DEFI）贷款。

"This time, we've continued to see the asset class gathering value, we've continued to see the companies that are built on this technology, growing revenue, growing client bases, continuing to innovate without really hanging their hat on one of these frankly less than useful use cases," Guthrie said.

Guthrie说：“这次，我们继续看到资产类别的收集价值，我们继续看到建立在这项技术，收入不断增长，客户群增长的公司，继续进行创新的情况下，而没有真正在其中一个坦率的用例上挂起帽子，” Guthrie说。

The ICO boom kicked off in 2017 with an estimated $4.9 billion raised. By 2018, this figure had jumped to $33.4 billion. By 2019, it had dropped to just over $370 million and has never returned to its previous highs.

ICO繁荣在2017年开始，估计筹集了49亿美元。到2018年，这个数字已跃升至334亿美元。到2019年，它已降至3.7亿美元，但从未回到以前的高潮。

NFTs also had their day, and saw a massive surge of popularity in 2020 and continued to grow until hitting a peak in 2022, with trading volumes reaching $57.2 billion and the market's sales count hitting 121.7 million. The market has since cooled as well.

NFTS也度过了一天，在2020年的流行幅度巨大，直到2022年达到峰值，交易量达到572亿美元，市场的销售量达到1.217亿。从那以后，市场也冷却了。

"I think the fact that we're still healthy without one of those to drive it is a really, really good sign," Guthrie said.

格思里说：“我认为，如果没有那些驾驶的人之一，我们仍然很健康，这是一个非常非常好的迹象。”

Market more mature this cycle, despite memecoin hype

尽管炒作，但在这个周期中市场更加成熟

The overall crypto market capitalization hit a new all-time high of $3.71 trillion on Dec. 9 last year, with many cryptocurrencies also registering significant price gains, according to CoinMarketCap.

根据CoinMarketCap的数据，去年12月9日的整体加密市值在历史上达到了3.71万亿美元的新高价，许多加密货币也取得了显着的价格上涨。

During this cycle, there has also been a growing trend of companies, such as video game retailer GameStop Corporation, (NYSE:GME) and countries, Ukraine possibly being one of the latest, adopting crypto for treasuries and reserves.

在这个周期中，公司的趋势也越来越多，例如视频游戏零售商GameStop Corporation（NYSE：GME）和乌克兰国家可能是最新的一员，采用了加密货币的国库和储备。

"I think this is starting to feel like a more mature market that is really settling on its use case, its value prop," Guthrie said.

古斯里说：“我认为这开始感觉像是一个更成熟的市场，它确实在其用例（其价值道具）上定居。”

"I know there has been a bit of memecoin stuff, particularly around Solana (SOL) but it doesn't seem anywhere near as prevalent as the previous kind of hype has been," he added.

他补充说：“我知道已经有一些纪念品，尤其是在索拉纳（Solana（Sol）周围），但似乎并不像以前的炒作那样普遍。”

There was a surge in memecoin activity after the launch of US President Donald Trump's memecoin on Jan. 18, when Pump.fun usage recorded an all-time high of $3.3 billion in weekly trading volume.

1月18日，美国总统唐纳德·特朗普（Donald Trump）的纪念因素在美国总统发起后，Memecoin活动激增，当时Pump.Fun使用的每周交易量有33亿美元的历史最高点。

However, enthusiasm for memecoins dropped after a series of bad launches and rug pulls, killed off investor interest, such as the Libra (LIBRA) rug.

然而，在一系列不良的发射和地毯拉力上，对成员的热情下降了，丧失了投资者的兴趣，例如天秤座（天秤座）地毯。

Ultimately, Guthrie thinks there is still a "lot of innovation to do," and it's still "very early days," but the market has matured and has greater sustainability compared to previous cycles.

最终，Guthrie认为仍然有很多“创新”，而且仍然是“很早的日子”，但是与以前的周期相比，市场已经成熟并且具有更大的可持续性。

Additional reporting by Sam Bourgi.

Sam Bourgi的其他报告。