Meme 币：加密货币行业的福音还是祸害？

尽管 Meme 币的价值值得怀疑且诈骗盛行，但它还是引发了人们对加密行业的兴趣激增。这些代币价值超过 510 亿美元，通常利用流行的模因和文化，吸引人们对各种区块链的关注和用户。虽然批评者将它们视为“加密货币的垃圾箱”，但其他人则认为它们带来的关注通过推动增长和实验而使行业受益。

Meme Coins: Blessing or Bane for the Crypto Industry?

Meme 币：加密货币行业的福还是祸？

When Satoshi Nakamoto, the anonymous cryptographer, invented Bitcoin (BTC), he envisioned a world where people could liberate themselves from the oppressive chains of banks and tyrannical governments. However, what he likely did not anticipate was a crypto industry teeming with crudely drawn frog, cat, and dog tokens, along with a sprinkling of offensive memes.

当匿名密码学家中本聪发明比特币（BTC）时，他设想了一个人们可以将自己从银行和专制政府的压迫链条中解放出来的世界。然而，他可能没有预料到的是，加密行业充斥着粗制滥造的青蛙、猫和狗代币，以及一些令人反感的模因。

As the fourth Bitcoin halving was overshadowed by a speculative frenzy in meme coins, including on the Bitcoin network itself, a heated debate has emerged over the value of such coins to the crypto industry. One answer to this question is their combined market capitalization, which currently stands at an impressive $51 billion.

随着第四次比特币减半被模因币（包括比特币网络本身）的投机狂潮所掩盖，人们就此类币对加密行业的价值展开了激烈的争论。这个问题的一个答案是它们的总市值，目前达到令人印象深刻的 510 亿美元。

Defining Meme Coins: A "Dumpster of Crypto"

定义 Meme 币：“加密垃圾箱”

Many vocal critics, including the well-known anonymous crypto commentator Polynya, express disillusionment and anger at the recent surge in meme coins, arguing that they have no place in the crypto ecosystem. In his final blog post on Medium, where he essentially renounced crypto, Polynya denounced meme coins as "merely a vehicle to transfer wealth from the many to the most obnoxious people on the planet."

许多直言不讳的批评者，包括著名的匿名加密评论员 Polynya，对最近 meme 币的激增表示失望和愤怒，认为它们在加密生态系统中没有地位。在他在 Medium 上发表的最后一篇博客文章中，他基本上放弃了加密货币，波利尼亚谴责模因币“只是将财富从许多人转移到地球上最令人讨厌的人的工具”。

The analyst highlighted reports of a wave of racist meme coins (dubbed "SlurFi" by some) as representing the token form's nadir. "Things have hit an all-new bottom with 2024: racist, sexist, and other shitheaded memecoins."

这位分析师强调了有关种族主义 meme 代币浪潮（一些人称为“SlurFi”）的报道，称其代表了代币形式的最低点。 “到 2024 年，事情已经达到了一个全新的谷底：种族主义、性别歧视和其他愚蠢的模因币。”

Polynya added, "At this point, this evil in crypto is banal and normalized. This has become the identity of crypto — sure, some useful stuff, but mostly just infested with scams and absolute degeneracy."

Polynya 补充道，“在这一点上，加密货币中的这种邪恶是平庸和正常化的。这已经成为加密货币的身份——当然，有一些有用的东西，但大多数只是充斥着骗局和绝对的堕落。”

Redditor complaints indicate that the latest line of racist meme coins is crossing a line.

Reddit 上的投诉表明，最新的种族主义模因硬币正在越界。

Beyond their offensive nature, meme coins are also plagued by rug pulls, scams, and malicious taxes. They are often run by inept founders who lack expertise in blockchain technology.

除了具有攻击性之外，模因币还受到拉黑、诈骗和恶意税收的困扰。它们通常由缺乏区块链技术专业知识的无能创始人经营。

A recent investigation from Magazine found that 1 in 6 new Base meme coins are outright scams, while almost 91% of them had at least one security vulnerability. According to BlockAid, more than 50% of presale tokens launched on Solana between November and February were malicious.

《杂志》最近的一项调查发现，六分之一的新 Base meme 硬币是彻头彻尾的骗局，而其中近 91% 的硬币至少存在一个安全漏洞。据 BlockAid 称，11 月至 2 月期间在 Solana 上推出的预售代币中有超过 50% 是恶意的。

Degeneracy in Meme Coins: Hinderance for Serious Builders?

Meme 币的堕落：对严肃建设者的阻碍？

Some argue that the proliferation of meme coins is contributing to the disillusionment and abandonment of the industry by genuine builders. The "financial nihilism" sentiment posits that nothing in crypto truly matters; everything is a meme, and supporting projects with a real purpose is pointless.

一些人认为，迷因币的激增正在导致真正的建设者对该行业的幻灭和放弃。 “金融虚无主义”情绪认为加密货币中没有任何东西真正重要；一切都是模因，支持具有真正目的的项目是毫无意义的。

"Seeing meme coins leading to disillusionment/churn of crypto builders to a degree more extreme than even the bear market the past few years," observes Michael Dempsey, managing partner at Compound, a New York-based venture capital firm.

纽约风险投资公司Compound的管理合伙人迈克尔·登普西（Michael Dempsey）表示：“迷因币导致加密货币开发者的幻灭/流失，其程度甚至比过去几年的熊市还要严重。”

"Building something of durable value is a long emotional journey, and it can be tough after a two-year bear market [...] to then have a reversion of curiosity from crypto, and the main vacuum of energy is gambling."

“建立具有持久价值的东西是一个漫长的情感旅程，在经历了两年的熊市之后，要恢复对加密货币的好奇心可能会很困难，而主要的能量真空是赌博。”

Eddy Lazzarin, chief technical officer at Andreessen Horowitz, another venture capital executive, believes that meme coins are "undermining the long-term vision of crypto" that has kept so many in the space.

另一位风险投资高管 Andreessen Horowitz 的首席技术官 Eddy Lazzarin 认为，meme 币正在“破坏加密货币的长期愿景”，正是这一愿景让许多人留在了这个领域。

Meme Coins: Attention Grabbers or User Magnetism?

模因币：吸引注意力还是吸引用户？

Despite the racist tokens, rug pulls, and scams, meme coins are not entirely without merit. Some argue that the attention they attract ultimately benefits crypto as a whole. This attention certainly benefits blockchain networks as traders race to buy and sell coins. Solana, Base, and BNB Chain, in particular, are experiencing an influx of meme coin enthusiasts seeking low-cost trading opportunities.

尽管存在种族主义代币、拉扯和骗局，模因币也并非完全没有优点。一些人认为，它们吸引的注意力最终有利于整个加密货币。随着交易者竞相买卖代币，这种关注肯定有利于区块链网络。尤其是 Solana、Base 和 BNB Chain，正经历着大量寻找低成本交易机会的模因币爱好者的涌入。

In recent months, layer-1 blockchains BNB Chain and Avalanche have launched million-dollar funds to lure meme coin projects to their networks and drive growth.

近几个月来，第一层区块链 BNB Chain 和 Avalanche 推出了数百万美元的基金，以吸引 meme 币项目进入其网络并推动增长。

A community proposal on the Ethereum layer-2 network Arbitrum is also seeking a massive $3.3 billion fund to open the floodgates for meme coins. The proposal, which befits a meme coin asking for billions, was hastily assembled in an hour.

以太坊第 2 层网络 Arbitrum 的一项社区提案也在寻求 33 亿美元的巨额资金，以打开 Meme 币的闸门。该提案在一小时内匆忙完成，适合价值数十亿美元的模因币。

"Everyday, we see headlines of how Solana meme coins go from 0-100M+ FDVs in a matter of days," says 0xkawz, the creator of the meme coin fund proposal.

Meme 代币基金提案的创建者 0xkawz 表示：“每天，我们都会看到有关 Solana Meme 代币如何在几天内从 0 到 1 亿+ FDV 的头条新闻。”

"There is no reason Arbitrum DAO shouldn't at least try to spur a meme coin initiative [...] it's hard to argue that Solana and, more recently, BASE, have taken all the attention," they added.

他们补充道：“Arbitrum DAO 没有理由不应该至少尝试刺激模因币倡议……很难说 Solana 以及最近的 BASE 已经吸引了所有的注意力。”

Solana's Meme Coin Frenzy: Driving Network Usage

Solana 的 Meme 币狂热：推动网络使用

In mid-March, Solana's network activity briefly surpassed Ethereum's as traders hoped to capitalize on the next big meme coin. Trading volume on March 15 reached $3.5 billion, outpacing its older and slower rival by more than $1.1 billion, according to DefiLlama.

3 月中旬，Solana 的网络活动一度超过了以太坊，因为交易者希望利用下一个大模因代币。据 DefiLlama 称，3 月 15 日的交易量达到 35 亿美元，比较老且速度较慢的竞争对手多出 11 亿美元以上。

The frantic activity tested the scaling limits of the network, exposing its vulnerabilities. At one point, up to three-quarters of all transactions failed. A patch was issued a month later to address this issue.

疯狂的活动测试了网络的扩展极限，暴露了其漏洞。一度，多达四分之三的交易都失败了。一个月后发布了一个补丁来解决这个问题。

BNB Chain, the speculative degen blockchain of choice from the last cycle, is eyeing the same market. The chain has announced it would allocate up to $1 million throughout April to reward developers whose projects achieve a 30-day volume above $2 billion on the network as part of its "Meme Innovation Campaign."

BNB Chain 是上个周期选择的投机性退化区块链，它也瞄准了同样的市场。该连锁店宣布，作为其“Meme 创新活动”的一部分，将在 4 月份拨款高达 100 万美元，奖励项目在网络上 30 天交易额超过 20 亿美元的开发者。

"When the community sends a clear signal that something matters to them, we seek to deliver on it," a spokesperson from BNB Chain said, adding that meme coins have the potential to bring more users into crypto, regardless of whether they end up being just "noise in the crypto market."

BNB Chain 的一位发言人表示：“当社区发出明确的信号，表明某件事对他们来说很重要时，我们就会努力实现这一目标。”他补充说，meme 币有潜力吸引更多用户进入加密货币领域，无论他们最终是否会被淘汰。只是“加密货币市场中的噪音”。

Solana's head of strategy, Austin Federa, attributes the popularity of meme coins on Solana to their status as "rather strictly proxies for online culture and community."

Solana 的战略主管 Austin Federa 将 Solana 上 Meme 币的受欢迎归因于它们作为“在线文化和社区的相当严格的代理”的地位。

"For example, certain meme coins, like BONK, have rallied communities together and built vibrant ecosystems that resonate in the broader crypto space

“例如，某些模因币，如 BONK，将社区团结在一起，建立了充满活力的生态系统，在更广泛的加密空间中产生共鸣