Token2049迪拜将Crypto的知名人士汇集在一起

从您的角度来看，Token2049迪拜的真正信号不是什么，而不是炒作，而是一个转变或对话可能会影响该行业在第二季度及以后的发展呢？

As the dust settles on TOKEN2049 Dubai, one emerging narrative is how quickly the US macroeconomic situation is impacting crypto.

随着尘埃落定在迪拜的Token2049上，一个新兴的叙述是美国宏观经济状况影响了加密货币的速度。

With rising interest rates and a strong dollar creating a different environment for institutional capital, several U.S. and European funds are setting up full-fledged operations in Dubai.

随着利率上升和美元强劲的美元为机构资本创造了不同的环境，美国和欧洲的一些资金正在迪拜建立全面的运营。

They are seeking greater regulatory clarity and operational freedom, which the UAE provides.

他们正在寻求阿联酋提供的更大的监管清晰度和运营自由。

This move is fostering a new regional ecosystem with a focus on financial infrastructure, evident in the rapid innovation in trading, lending, and both on-chain and off-chain yield strategies.

这一举动促进了一个新的区域生态系统，重点关注金融基础设施，这在交易，贷款以及链上和链链收益率策略的快速创新中很明显。

“The growth in institutional demand is becoming more measurable, although it’s uneven across different segments,” says Eowyn Chen, CEO of Trust Wallet. “We’re seeing increased volume and experimentation, especially in payments and liquidity provisioning. However, product-market fit is still being developed in certain areas, such as stablecoins and self-custodial wallets.”

Trust Wallet首席执行官Eowyn Chen说：“尽管在不同的细分市场之间是不平衡的，但机构需求的增长越来越可以衡量。” “我们看到的数量和实验增加了，尤其是在付款和流动性供应中。但是，在某些领域，例如稳定的钱包和自我监测钱包，仍在开发产品市场。”

“The dual opportunity—both in markets like the UAE and the US—makes this a pivotal moment for building the right regulatory and infrastructure foundations to translate demand into durable volume,” Chen adds.

“双重机会 - 在阿联酋和美国等市场中，这是建立正确的监管和基础设施基础的关键时刻，以将需求转化为持久的量，”陈补充说。

Institutions’ preferences are significantly different from those of crypto natives. Most transactions are concentrated in BTC and stablecoins, while the proportion of transactions for other cryptocurrencies is significantly lower than the market average. Of course, crypto native institutions are still trying to profit from altcoins. Still, most professional investment institutions view BTC more as a macro asset (i.e., ‘digital gold’) independent of the crypto market and make asset allocations and transactions based on this property.

机构的偏好与加密本地人的偏好明显不同。大多数交易集中在BTC和Stablecoins，而其他加密货币的交易比例明显低于市场平均水平。当然，加密本地机构仍在努力从Altcoins获利。尽管如此，大多数专业投资机构都将BTC视为独立于加密市场的宏观资产（即“数字黄金”），并根据此物业进行资产分配和交易。

For altcoins, due to the high liquidity risk, price volatility risk and market manipulation risk, most institutions will avoid holding altcoin exposure, except for market makers.

对于AltCoins而言，由于高流动性风险，价格波动风险和市场操纵风险，大多数机构将避免举行Altcoin曝光，除了做市商外。

“We are seeing a shift in narrative from speculative hype to a focus on institutional maturity, regulatory alignment, and long-term infrastructure development,” says Vivien Lin, Chief Product Officer at BingX.

Bingx首席产品官Vivien Lin说：“我们看到叙事从投机性炒作转变为关注机构成熟度，监管一致性和长期基础设施发展。”

“What truly stood out wasn’t just the announcements, but the convergence of builders, policymakers, and capital in a way that made Dubai feel less like a venue and more like a melting pot for shaping the future of Web3.”

“真正引人注目的不仅是公告，而且以建筑商，决策者和资本的融合方式使迪拜感觉不像一个场所，而更像是构成Web3未来的熔炉。”

Instead of the usual enthusiasm for the next meme coin, the main conversations were focused on the utility of blockchain technology, the convergence of DeFi and CeFi, and ultimately, which region or entity would take the lead in shaping the global Web3 landscape.

主要的对话不是通常对下一个模因硬币的热情，而是集中于区块链技术的实用性，Defi和Cefi的融合以及最终，哪个地区或实体将带头塑造全球Web3景观。