D'Apps 市場估計在 460 億美元到 590 億美元之間，但沒有真正的消費者基礎

去中心化應用程式（d'apps）市場估計在 460 億至 590 億美元之間，成長率約為 10%

The decentralized application (d’apps) market is valued at around $46 billion to $59 billion, with a growth rate of roughly 10%. By any standard, this appears to be a growth market, and in the blockchain domain, d’apps creators present a whole new range of cryptocurrency investment options.

去中心化應用（d'apps）市場估值約 460 億至 590 億美元，成長率約 10%。無論以任何標準衡量，這似乎都是一個不斷增長的市場，在區塊鏈領域，d'apps 的創建者提供了一系列全新的加密貨幣投資選擇。

However, this blockchain product line – which is primarily focused on decentralized finance (DeFi) – lacks a substantial consumer base. Ask a passenger on the No. 6 train in Manhattan if they use a decentralized application. Most likely, they will have no idea what you are talking about, and you may need a Master’s degree in computer science and another one in English to explain it to them.

然而，該區塊鏈產品線主要專注於去中心化金融（DeFi），缺乏大量的消費者基礎。詢問曼哈頓 6 號列車上的乘客是否使用去中心化應用程式。最有可能的是，他們不知道你在說什麼，你可能需要一個電腦科學碩士學位和另一個英語碩士學位才能向他們解釋。

When asked to rate on a scale of 1 to 10 whether d’apps were ready for prime time, Ran Hammer, Vice President of Business Development at Orbs put it at a four.

當被要求以 1 到 10 的等級來評價 d'app 是否已準備好迎接黃金時段時，Orbs 業務開發副總裁 Ran Hammer 給出了 4 分。

“The largest setback we see is the user interface and user experience. When a user onboards Web3, they are bombarded with warning messages on MetaMask, or any self-custody wallet for that matter, to store their private key safely, or else they risk a total loss of all funds,” Hammer said. “Can you imagine registering for a bank account and the teller informing you that if you lose your password, you will lose all your money, too? From there they get another warning not to send x fund to y, and to triple, double, and quadruple check wallet address because with one wrong character, the funds could be lost forever.”

「我們看到的最大的挫折是使用者介面和使用者體驗。當用戶使用 Web3 時，他們會在 MetaMask 或任何自助錢包上收到警告訊息，要求安全地儲存他們的私鑰，否則他們將面臨完全損失所有資金的風險，」Hammer 說。 「你能想像一下，註冊一個銀行帳戶後，櫃員告訴你，如果你遺失了密碼，你也會失去所有的錢嗎？從那裡他們收到另一條警告，不要將 x 資金發送到 y，並檢查三次、兩次和四次錢包地址，因為一個錯誤的字符，資金可能會永遠丟失。

Blockchain technologies, sometimes referred to as Web3, (though not a perfect description), are still learning to crawl. Despite a good decade into development of these products, the entire sector is known more as a cryptocurrency speculator casino than it is as a place full of software engineers developing new ways to conduct business and pay for services online.

區塊鏈技術，有時被稱為 Web3（儘管不是完美的描述），仍在學習爬行。儘管這些產品已經開發了十年，但整個行業更多地被稱為加密貨幣投機者賭場，而不是一個充滿軟體工程師的地方，他們正在開發新的方式來開展業務和線上支付服務。

Large-scale adoption depends on building use cases that users care about and delivering smooth experiences. We are not there yet.

大規模採用取決於建立用戶關心的用例並提供流暢的體驗。我們還沒到那一步。

Some of the biggest market players in this space that are investable include:

該領域中一些可投資的最大市場參與者包括：

Compound Labs : -22%*

化合物實驗室：-22%*

Hashflow : -44.12%

算力：-44.12%

Uniswap : -14.11%

Uniswap：-14.11%

*12-month declines as of July 30.

*截至 7 月 30 日的 12 個月下降。

By comparison, Bitcoin is up over 140% over the same 12-month period ending July 30. And for those who want cryptocurrency but don’t want to go through opening a cryptocurrency trading account on places like Gemini, the Grayscale Bitcoin Trust ETF GBTC is up 160%.

相比之下，比特幣在截至7 月30 日的12 個月內上漲了140% 以上。幣信託ETF GBTC上漲了160%。

Investors are better off there. But those with a high-risk appetite will still want to try their luck in the d’apps world.

投資者在那裡過得更好。但那些具有高風險偏好的人仍然會想在 d'apps 世界碰碰運氣。

Hammer said that one of the bigger problems in this segment of the blockchain economy is that layer one systems like Bitcoin, Ethereum and Solana and some layer two blockchain platforms like Polygon and Arbitrum require you to hold their native tokens in order to send transactions on their blockchain.

Hammer 表示，區塊鏈經濟領域的更大問題之一是，比特幣、以太坊和Solana 等第一層系統以及Polygon 和Arbitrum 等第二層區塊鏈平台要求您持有其原生代幣，以便在其上發送交易。

“This remains a significant blocker to adoption, and it confuses people especially when you start adding in different address types, and when it requires another extension for wallets, etcetera,” Hammer said.

哈默說：“這仍然是採用的一個重大障礙，它會讓人們感到困惑，特別是當你開始添加不同的地址類型，以及當它需要另一個錢包擴展等時。”

The overwhelming majority of protocols don’t require you to hold their token to be able to use them. UniSwap does not, for instance. “You can freely swap, provide liquidity, and do any other permitted operations on their exchange without needing to ever interact with their token, which is governance-based. This holds true for lending, staking, insurance, prediction markets, and many other such cases.”

絕大多數協議不需要您持有其令牌即可使用它們。例如，UniSwap 就沒有。 「你可以在他們的交易所上自由交換、提供流動性以及進行任何其他允許的操作，而無需與他們的代幣進行交互，這是基於治理的。這對於借貸、質押、保險、預測市場和許多其他此類情況都是如此。

Subsquid (SQD), a Web3 data company, has attracted venture capital from New York-based Blockchange Ventures and San Francisco-based Hypersphere Ventures to try and make d’apps run more smoothly in the Web3 corner of cyberspace.

Subsquid (SQD) 是一家 Web3 數據公司，吸引了來自紐約的 Blockchange Ventures 和舊金山的 Hypersphere Ventures 的風險投資，試圖讓 d'apps 在網路空間的 Web3 角落運作得更順暢。

“All d’Apps require a certain amount of onchain data, and we make it easier to access that data at scale, fast, cost-effectively, and across multiple chains,” said Dmitry Zhelezov, co-founder of Subsquid. They work with GoogleCloud’s Big Query program for data analytics.

Subsquid 聯合創始人 Dmitry Zhelezov 表示：「所有d'App 都需要一定程度的鏈上數據，而我們讓跨多個鏈大規模、快速、經濟高效地存取這些數據變得更加容易。他們使用 GoogleCloud 的 Big Query 程式進行資料分析。

“We are trying to be a solution so decentralized apps do not stall, and improve user experience,” Zhelezov said.

Zhelezov 表示：“我們正在努力提供一種解決方案，讓去中心化應用程式不會停滯不前，並改善用戶體驗。”

One of Hypersphere’s seed capital investments is the Web3 startup called the Gear Protocol. They created the Vara Network for online payments done via smart contracts on a blockchain. Vara would allow users to avoid fees, or the technical details and warnings mentioned earlier. It marries Web3 d’apps with traditional app-style use, so users don’t need to worry about having tokens to use it, or special accounts, or storing long password keys.

Hypersphere 的種子資本投資之一是名為 Gear Protocol 的 Web3 新創公司。他們創建了 Vara 網絡，用於透過區塊鏈上的智慧合約完成線上支付。 Vara 將允許用戶避免費用或前面提到的技術細節和警告。它將 Web3 d'apps 與傳統應用程式風格的使用相結合，因此用戶無需擔心使用它的令牌、特殊帳戶或儲存長密碼金鑰。

Still, consumers aren’t as interested in d’apps mainly because they are still on the traditional web and not on the new web currently being built. But high-risk digital asset investors are.

儘管如此，消費者對 d'app 並不那麼感興趣，主要是因為它們仍然位於傳統網路上，而不是目前正在建立的新網路上。但數位資產投資者卻是高風險的。