塊：從可伸縮到新的第1層範式

可伸縮性曾經是最終目標，但現在只是起跑線。通過將定向的無環圖（DAG）架構與工作證明（POW）融合在一起，BlockDag不會拋光舊公式，而是設計了完全新鮮的東西。

Scalability used to be the end goal—but now it’s just the starting line. In a rapidly changing crypto landscape, Ondo Finance and Mantle have tackled real issues like DeFi limitations and Ethereum congestion, each gaining serious attention in the process. Ondo made tokenized assets more accessible, and Mantle enhanced Ethereum’s efficiency.

可伸縮性曾經是最終目標，但現在只是起跑線。在快速變化的加密貨幣景觀中，Ondo Finance和Mantle解決了諸如Defi限制和以太坊擁塞之類的實際問題，每個人都在此過程中引起了人們的重視。 Ondo使令牌資產更容易獲得，Mantle提高了以太坊的效率。

But BlockDAG? It’s not just solving problems—it’s challenging the way Layer 1s are even built.

但是blockdag？這不僅是解決問題，而且還挑戰了第1層的構建方式。

Instead of a linear chain, BlockDAG uses Directed Acyclic Graph (DAG) architecture, merging it with Proof-of-Work. It’s not polishing up an old formula—it’s designing something completely fresh. And with the ecosystem heating up, the real question becomes: who’s building the smartest foundation for the future?

BlockDag代替了線性鏈，而是使用定向的無環圖（DAG）體系結構，並將其與工作證明合併。它不會拋光舊配方，而是在設計全新的東西。隨著生態系統的加熱，真正的問題就變成了：誰在為未來建立最聰明的基礎？

Ondo Finance Brings Real-World Assets to the Blockchain

Ondo Finance將現實世界的資產帶入區塊鏈

Ondo Finance, founded in 2021, came in strong with a bold goal: bring institutional-grade assets to everyday investors. Launching with OUSG, a token giving users exposure to U.S. Treasuries via blockchain, Ondo set its sights high.

成立於2021年的Ondo Finance具有一個大膽的目標：將機構級資產帶給日常投資者。與OUSG一起啟動，該代幣通過區塊鏈使用戶接觸美國國債，Ondo將目光投向了很高的目光。

Fast forward to March 2025, and Ondo smashed past $1 billion in Total Value Locked (TVL)—a major milestone for tokenized finance. This follows the impressive feat of reaching $500 million in TVL back in June 2024.

快進到2025年3月，Ondo的總價值鎖定（TVL）超過10億美元，這是代幣融資的主要里程碑。這是在2024年6月在TVL上達到5億美元的令人印象深刻的壯舉。

Further highlighting Ondo's success, the ONDO token has seen remarkable gains. Commencing with an initial market cap of $78.6 million and a token price of $0.38 at the beginning of the year, it has experienced significant growth.

進一步彰顯了Ondo的成功，Ondo代幣取得了巨大的收益。從年初開始的最初市值為7,860萬美元，代幣價格為0.38美元，它的增長顯著增長。

At present, ONDO's fully diluted value is about $9.49 billion, with the token trading at around $1.2 on CoinGecko. This reflects a substantial increase from its initial market cap. Moreover, new ONDO wallet addresses saw a 390% surge in 24 hours, jumping from 935 to 4,559.

目前，Ondo的完全稀釋價值約為94.9億美元，代幣交易約為1.2美元。這反映了其初始市值的大幅增長。此外，新的Ondo Wallet地址在24小時內增加了390％的增長，從935躍升至4,559。

Mantle Helps Ethereum Scale, But How Far Can It Go?

地幔有助於以太坊的規模，但是它可以走多遠？

Launched in July 2023, Mantle came out swinging as a Layer-2 solution focused on making Ethereum transactions faster and cheaper. Aiming to solve issues like high gas fees and slow throughput, Mantle uses optimistic rollups to boost efficiency without compromising Ethereum’s core security.

Mantle於2023年7月推出，搖擺不定，是一種側重於以太坊交易更快，更便宜的解決方案。旨在解決諸如高氣費和緩慢吞吐量之類的問題，Mantle使用樂觀的匯總來提高效率，而不會損害以太坊的核心安全性。

Its MNT token has had an up-and-down journey. Peaking at $1.51 on April 8, 2024, it later dipped but managed to stabilize above $1 by December. As of January 24, 2025, MNT is sitting at around $1.20.

它的MNT代幣進行了上下旅程。 2024年4月8日的高峰為1.51美元，後來下降了，但在12月之前設法穩定了1美元。截至2025年1月24日，MNT的價格約為1.20美元。

According to cryptocurrency price predictor Gov Capital, the token could climb to $1.68 by the end of 2025—an 84.5% potential return.

根據加密貨幣價格預測型政府資本的數據，到2025年底，令牌可能會攀升至1.68美元，這是84.5％的潛在回報。

Both Ondo and Mantle are tackling critical problems. Ondo's tokenized real-world assets have captured major interest, and Mantle's Layer-2 boost for Ethereum is aiming to solve issues like high gas fees and slow throughput.

Ondo和Mantle都在解決關鍵問題。 Ondo的代幣現實世界中的資產引起了重大興趣，而Mantle的第2層提升以太坊的旨在解決諸如高氣費和緩慢吞吐量之類的問題。

Still, neither is fundamentally changing the way Layer 1s operate. But BlockDAG is rewriting the playbook.

儘管如此，從根本上講，這兩個都不會改變第1層的運行方式。但是BlockDag正在重寫劇本。

BlockDAG Is Betting On A New Technical Architecture

BlockDag正在押注新的技術體系結構

While Ethereum battles congestion and Solana grapples with outages, BlockDAG is building a different foundation. Its hybrid model combines Directed Acyclic Graph (DAG) technology with the security of Proof-of-Work.

儘管以太坊與交通擁堵和索拉納戰鬥與中斷鬥爭，但Blockdag正在建立不同的基礎。它的混合模型將有名的無環圖（DAG）技術與工作證明的安全性相結合。

Unlike traditional chains, this setup allows transactions to be confirmed in parallel, boasting more speed, lower fees, and serious scalability. With thousands of transactions per second and MEV resistance built-in, BlockDAG is setting a new technical bar for Layer 1s.

與傳統連鎖店不同，這種設置允許並行確認交易，具有更高的速度，較低的費用和嚴重的可擴展性。 BlockDag擁有每秒成千上萬的交易和內置的MEV阻力，為第1層設定了一個新的技術欄。

The numbers speak for themselves. BlockDAG has already raised $208 million—without any venture capital. Over 19 billion coins have been sold, and the price has shot up from $0.001 in batch 1 to $0.0248 in batch 27. That’s a 2,380% return for early buyers.

數字自言自語。 Blockdag已經籌集了2.08億美元，沒有任何風險投資。已經出售了超過190億個硬幣，價格從批次1的0.001售出到批次27的0.0248美元。早期買家的回報率為2,380％。

And it’s not just stats on paper. Over 800,000 people are mining through the X1 App, 400,000+ are playing Tap Miner, and nearly 10,000 X-series miners are already shipping. Testnet is live, and the mainnet—complete with full DeFi, 2,000+ TPS, and governance—is on track for 2025.

這不僅是紙上的統計數據。超過80萬人通過X1應用程序開採，有40萬以上的人正在玩挖掘礦工，並且已經有近10,000個X系列礦工已經發貨了。 TestNet是直播的，而通用的Mainnet已完成2025年的正軌。

Summing Up!

總結！

Ondo is bringing traditional finance assets like U.S. Treasuries and REITs to the blockchain in a bid to broaden investment opportunities. Mantle is aiming to help Ethereum become more efficient by tackling issues like high gas fees and slow throughput with its Layer-2 optimistic rollup technology.

Ondo將像美國國庫和REIT等傳統金融資產帶到區塊鏈，以擴大投資機會。 Mantle的目標是通過解決其2層樂觀的滾動技術等問題，諸如高汽油費和慢速吞吐量之類的問題，以幫助以太坊提高效率。

But BlockDAG

但是塊