加密貨幣市場在2025年第一季度的價值下降了大幅下降

根據Coingecko 2025 Q1報告的數據，總市值從1月中旬的峰值價值下降了18.6％，為3.8萬億美元，至2.8萬億美元。

The cryptocurrency market experienced a substantial drop in value during the first quarter of 2025 following the positive outlook of late 2024. According to data from CoinGecko’s 2025 Q1 Report the total market capitalization dropped 18.6% from its mid-January peak value of $3.8 trillion to $2.8 trillion. The market faced a reversal demonstrating a contrast from the time preceding Donald Trump’s presidential inauguration. According to market statistics, the average daily trading volume experienced a 27.3% fall to $146 billion.

在2024年底的積極前景之後，加密貨幣市場在2025年第一季度的價值下降了。從唐納德·特朗普（Donald Trump）的總統就職典禮之前的時間開始，市場就面臨逆轉。根據市場統計，平均每日交易量的經歷了27.3％，至1460億美元。

Bitcoin Strengthens Its Market Share Amidst Altcoin Struggles

比特幣在Altcoin掙扎中加強其市場份額

Despite the overall market downturn, Bitcoin (BTC) strengthened its position, increasing its dominance to 59.1%, a level not seen since early 2021. Bitcoin’s dominance surged as altcoins, particularly Ethereum, took a harder hit. Bitcoin reached an all-time high of $106,182 in January, just after the inauguration, but subsequently retreated by 11.8% to close Q1 at $82,514.

儘管整體市場低迷，比特幣（BTC）仍在加強了其位置，將其優勢提高到59.1％，這是自2021年初以來未見的水平。比特幣的優勢飆升，因為山寨幣，尤其是以太坊，受到了更大的打擊。就職典禮之後，比特幣在一月份達到了106,182美元的歷史最高點，但隨後退縮了11.8％，以82,514美元的價格收盤。

In comparison, gold and U.S. Treasuries outperformed Bitcoin during this period, reflecting the growing appeal of safer assets amidst economic uncertainty. The price of Ethereum (ETH) experienced a 45.3% collapse that wiped out all its gains in 2024.

相比之下，在此期間，黃金和美國國債超過了比特幣，反映了經濟不確定性中更安全的資產的吸引力。以太坊（ETH）的價格經歷了45.3％的崩潰，在2024年消除了所有收益。

The cryptocurrency market experienced new trends, as revealed by Ethereum’s performance. Ethereum’s significant price decline caused its dominance to hit 7.9%, which marked its lowest performance since late 2019.

正如以太坊的表現所揭示的那樣，加密貨幣市場經歷了新的趨勢。以太坊的大幅下降導致其優勢達到7.9％，這標誌著其自2019年底以來的最低表現。

In addition, the decrease in Ethereum’s market share was not unexpected as it coincides with the trend towards Layer 2 solutions and decreasing activity on Ethereum mainnet. Additionally, despite the market difficulties, stablecoins like Tether (USDT) and USD Coin (USDC) gained ground as investors sought more stable options during the turbulent period.

此外，以太坊市場份額的下降並不是出乎意料的，因為它與第2層解決方案的趨勢同時減少了對以太坊主網的活動。此外，儘管市場困難，但隨著投資者在動盪時期尋求更穩定的選擇，諸如Tether（USDT）和USD Coin（USDC）之類的Stablecoin取得了基礎。

Meme Coins and DeFi Experience Sharp Decline

模因硬幣和Defi經歷急劇下降

The broader decline also affected the once-booming meme coin sector. The meme coin market was initially started by political influence, including the launch of Trump-related meme coins. However, the market experienced a drop in activity following the crash of the Libra token. Launched by Argentinian President Javier Milei, this token had a dramatic price plunge after developers rug-pulled the project.

更廣泛的下降也影響了曾經繁榮的模因硬幣行業。模因硬幣市場最初是由政治影響力開始的，包括與特朗普相關的模因硬幣的推出。但是，在天秤座令牌崩潰之後，市場的活動下降。由阿根廷總統賈維爾·米利（Javier Milei）發行，此代幣在開發商剝奪了該項目後的價格急劇下跌。

By the end of Q1, investor confidence in meme coins had declined substantially because of this incident, leading to a more than 56% fall in daily token deployments on pump.fun.

到第一季度結束時，由於這一事件，投資者對模因硬幣的信心大大下降，導致每日代幣部署在pump.fun上下降了56％以上。

Meanwhile, the decentralized finance (DeFi) sector faced a significant drop in total value locked (TVL) to $48.9 billion in Q1 representing a 27.5% decrease. Ethereum’s dominance over the DeFi market segments declined to 56.6% by the end of the quarter.

同時，分散的財務（DEFI）部門面臨的總價值鎖定（TVL）顯著下降至第1季度的489億美元，降低了27.5％。到本季度末，以太坊對DEFI市場領域的主導地位下降到56.6％。

Despite these fluctuations, Solana maintained its status as the market leader by establishing itself as a leading entity in decentralized exchange (DEX) trading during this period. DEX trading on Solana reached 39.6% market share during Q1 mainly due to meme coin popularity, which started declining in the later quarter.

儘管發生了這些波動，但索拉納（Solana）在此期間將自己確立為分散交易（DEX）交易的領先實體，以保持其作為市場領導者的地位。在第1季度，索拉納（Solana）的DEX交易達到了39.6％的市場份額，這主要是由於模因硬幣的受歡迎程度在後期開始下降。