低流通量加密货币激增：重塑加密货币市场的隐藏趋势

CoinGecko 的研究显示，市值排名前 300 的加密货币中有很大一部分 (21.3%) 被归类为低流通量，这意味着它们的市值不到完全摊薄估值的一半。值得注意的是，这些低流通量加密货币中的大多数（54%）都是在过去四年中推出的，凸显了流通率较低的新型加密货币的趋势。

Low-Float Cryptocurrencies Surge: A Hidden Trend in the Crypto Market

低流通量加密货币激增：加密市场的隐藏趋势

An in-depth analysis conducted by the renowned crypto data and intelligence platform, Coingecko, has unveiled a startling revelation about the composition of the current cryptocurrency market. The research, published on May 10, 2024, uncovers a significant trend among newer cryptocurrencies: their prevalence as low-float assets.

著名的加密数据和情报平台 Coingecko 进行的深入分析揭示了有关当前加密货币市场构成的惊人信息。该研究于 2024 年 5 月 10 日发布，揭示了新型加密货币的一个重要趋势：它们作为低流通资产的普遍存在。

Defining Low-Float Cryptocurrencies

定义低流通量加密货币

Coingecko's research classifies a cryptocurrency as low-float if its market capitalization to fully diluted valuation (FDV) ratio falls below 0.5. In contrast, high-float cryptocurrencies exhibit an FDV ratio between 0.5 and 0.99, while a fully diluted cryptocurrency has an FDV ratio of 1.

Coingecko 的研究将加密货币归类为低流通量，如果其市值与完全摊薄估值 (FDV) 比率低于 0.5。相比之下，高流通量的加密货币的 FDV 比率在 0.5 到 0.99 之间，而完全稀释的加密货币的 FDV 比率为 1。

Low-Float Dominance in the Top 300 Cryptos

低流通量在前 300 名加密货币中占据主导地位

Strikingly, the analysis reveals that a staggering 21.3% of the top 300 cryptocurrencies by market capitalization are low-float, eclipsing the 24.7% of fully diluted tokens. This finding challenges the perception that mature, well-established cryptocurrencies exclusively dominate the market.

引人注目的是，分析显示，市值排名前 300 的加密货币中有 21.3% 是低流通量的，超过了完全稀释代币的 24.7%。这一发现挑战了成熟、完善的加密货币完全主导市场的看法。

Recent Surge in Low-Float Crypto Launches

最近低流通量加密货币发行量激增

Further exploration of the data reveals a fascinating trend: over 54 of the 64 low-float cryptocurrencies in the top 300 were launched within the past four years. This surge suggests that newer projects are increasingly opting for a low-float strategy to attract investors.

对数据的进一步探索揭示了一个令人着迷的趋势：前 300 名中的 64 种低流通加密货币中有超过 54 种是在过去四年内推出的。这种激增表明，新项目越来越多地选择低流通量策略来吸引投资者。

Contrasting Proportions of High-Float and Fully Diluted Cryptos

对比高流通量和完全稀释的加密货币的比例

The analysis also highlights the significant presence of high-float cryptocurrencies, which account for a substantial 54% of the top 300. These assets have over half of their total supply in circulation, indicating a more diluted ownership structure.

该分析还强调了高流通量加密货币的显着存在，这些加密货币在前 300 种加密货币中占了 54%。这些资产的流通量占其总供应量的一半以上，表明所有权结构更加稀释。

Prevalence of Memecoins Among Fully Diluted Tokens

Memecoin 在完全稀释代币中的流行程度

Interestingly, Coingecko's findings indicate that 14 of the 74 fully diluted cryptocurrencies in the top 300 are memecoins, underscoring their prominence in the current market landscape. Memecoins, known for their humorous or unconventional themes, have gained significant popularity in recent years.

有趣的是，Coingecko 的调查结果表明，前 300 种完全稀释的加密货币中有 14 种是模因币，这凸显了它们在当前市场格局中的突出地位。模因币以其幽默或非传统的主题而闻名，近年来大受欢迎。

Correlation Between Cryptocurrency Age and FDV Ratio

加密货币年龄与 FDV 比率之间的相关性

The research suggests a correlation between the age of a cryptocurrency and its FDV ratio. Older cryptocurrencies generally boast higher FDV ratios, potentially reflecting the dilution of supply over time. The average FDV ratio for the top 300 cryptocurrencies stands at 0.73, indicating a relatively healthy level of supply distribution.

该研究表明加密货币的年龄与其 FDV 比率之间存在相关性。较旧的加密货币通常拥有较高的 FDV 比率，这可能反映了随着时间的推移供应量的稀释。前 300 名加密货币的平均 FDV 比率为 0.73，表明供应分布处于相对健康的水平。

Methodology and Significance

方法论和意义

Coingecko's research methodology involved excluding stablecoins and wrapped tokens from the analysis and ranking cryptocurrencies by market capitalization as of May 8th. The study assumed that tokens with an unspecified maximum supply possessed an FDV equal to their market capitalization.

Coingecko 的研究方法包括从 5 月 8 日起的分析中排除稳定币和打包代币，并按市值对加密货币进行排名。该研究假设最大供应量未指定的代币的 FDV 等于其市值。

The findings of this comprehensive analysis provide valuable insights into the evolving dynamics of the cryptocurrency market. The surge in low-float cryptocurrencies highlights a shift in market preferences, while the contrasting proportions of high-float and fully diluted tokens offer a nuanced perspective on supply distribution. The research underscores the importance of understanding these trends for informed investment decisions and the future trajectory of the crypto industry.

这项综合分析的结果为了解加密货币市场的动态变化提供了宝贵的见解。低流通量加密货币的激增凸显了市场偏好的转变，而高流通量和完全稀释代币的对比比例则为供应分配提供了微妙的视角。该研究强调了了解这些趋势对于做出明智的投资决策和加密货币行业未来发展轨迹的重要性。