以太坊（ETH）價格低於$ 1,600，在特朗普廢除Defi Kyc授權後一周

以太坊在分散融資（DEFI）中的主導地位本週受到巨大壓力，引發了ETH現貨市場的看跌張力。

Despite a broader crypto market recovery this week, Ethereum price has tumbled below $1,600.

儘管本週的加密貨幣市場恢復較大，但以太坊價格仍低於1,600美元。

The second-largest cryptocurrency is lagging behind Bitcoin and other top altcoins as investors react to Donald Trump’s decision to nullify the Biden-era mandate requiring decentralized finance (DeFi) protocols to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

隨著投資者對唐納德·特朗普（Donald Trump）決定取消需要分散融資（DEFI）協議以遵守您了解您的客戶（KYC）和反資產貨幣（AML）法規（AML）法規的決定，第二大加密貨幣落後於比特幣和其他頂級替代幣。

The move has seen a slew of crypto assets shift from Ethereum to Solana and other DeFi networks.

此舉使一系列加密資產從以太坊轉移到Solana和其他Fefi網絡。

Ethereum price performance lags as markets reacts to Trump’s DeFi law repeal

當市場對特朗普的法律廢除反應時，以太坊價格績效滯後

Ethereum’s dominance in decentralized finance (DeFi) is coming under pressure this week, setting bearish implications for the ETH spot markets.

以太坊在分散財務（DEFI）中的主導地位本周正受到壓力，對ETH現貨市場產生了看跌的影響。

On Wednesday, Ethereum price languished below the $1,500 level as BTC flips to $85,000. A sudden NVIDIA sell-off also saw investors rotate funds from US stock markets towards crypto assets, setting top altcoins like Bitcoin Cash and Litecoin for mild gains.

週三，以太坊的價格低於$ 1,500的水平，BTC倒轉至85,000美元。 NVIDIA突然的拋售也使投資者從美國股票市場旋轉資金朝著加密貨幣資產旋轉，將比特幣現金等頂級山寨幣和Litecoin設置為輕度收益。

Ethereum price performance

以太坊價格性能

However, on-chain data shows that Ethereum’s persistent underperformance could be linked to swings in capital flows within the global DeFi sector.

但是，鏈上的數據表明，以太坊的持續性不佳可能與全球偏見部門內資本流動的波動有關。

On April 10, Trump signed an executive order nullifying a Biden-era policy that required DeFi protocols to comply with KYC and AML regulations. The reversal has been seen as a win for crypto-native platforms and open financial infrastructure.

4月10日，特朗普簽署了一項行政命令，無效拜登時代的政策，該政策要求Defi協議遵守KYC和AML法規。逆轉已被視為加密本地平台和開放金融基礎設施的勝利。

But for Ethereum, the aftermath has been decisively negative.

但是對於以太坊而言，後果是果斷的負面的。

Investors have persistently shifted assets out from Ethereum into other rival networks, data from cross-chain bridge Wormhole shows. The move comes a week after the former U.S. President Donald Trump repealed the law.

跨鏈橋蟲洞的數據顯示，投資者已將資產從以太坊持續將其從以太坊轉移到其他競爭對手網絡。此舉是在美國前總統唐納德·特朗普（Donald Trump）廢除法律後一周。

Solana captures 60% of outflows as investors withdraw $86M from Ethereum

Solana捕獲了60％的流出，因為投資者從以太坊撤出了8600萬美元

Of the outflows, Solana absorbed the lion’s share, drawing over $54 million—nearly 62% of the total. Base, Arbitrum, and Avalanche followed with $9.6 million, $5.8 million, and $3.9 million in inflows over the past week.

在流出中，索拉納（Solana）吸收了獅子的份額，吸收了超過5400萬美元，佔總數的62％。基本，仲裁和雪崩隨後是960萬美元，580萬美元和390萬美元的流入。

Ethereum Cross Chain transaction flows | Source: Wormhole Bridge

以太坊跨鏈交易流量|資料來源：蟲洞橋

Most Solana-bound assets were funneled into high-velocity DeFi protocols like Jupiter, Kamino, and MarginFi, which have seen surging volumes amid Solana’s improved scalability and lower fees.

大多數有陽離子的資產都被匯入了木星，卡米諾和Marginfi等高速偏見方案，這些方案在索拉納（Solana）提高的可伸縮性和較低的費用的情況下看到了幅度飆升。

Solana DeFi Total Value Locked, April 16 2025 | Source: DeFillama

Solana Defi總價值鎖定，2025年4月16日|資料來源：Defillama

The move sparked a strong market response. Solana’s total value locked (TVL) surged 12% over the past week, climbing from $6.1 billion on April 9 to $6.9 billion as of April 16, according to DeFiLlama.

此舉引發了強烈的市場反應。根據Defillama的數據，索拉納的總價值鎖定（TVL）在過去一周中飆升了12％，從4月9日的61億美元升至4月16日的69億美元。

More than $800 million in fresh capital was deployed across Solana-based protocols during that period.

在此期間，基於Solana的協議部署了超過8億美元的新資本。

Solana’s native token SOL also rallied, gaining 21% over the past week to trade at $135. In comparison, Ethereum’s price rose just 8%, lagging nine of the top 10 cryptocurrencies by market capitalization.

索拉納（Solana）的原住民代幣索爾（Sol）也集會了，在過去一周中獲得了21％的交易，售價為135美元。相比之下，以太坊的價格僅上漲了8％，在市值中落後了十大加密貨幣中的9個。

Ethereum's long-term market share at risk

以太坊的長期市場份額處於危險之中

The sharp capital rotation suggests that Ethereum’s long-standing lead in DeFi could be eroding as developers and users seek faster, lower-cost environments.

急劇的資本旋轉表明，隨著開發人員和用戶尋求更快，較低成本的環境，以太坊長期存在的DEFI領導者可能正在侵蝕。

While Ethereum still leads in total value locked—with over $80 billion—it is increasingly being challenged on performance metrics and user experience.

儘管以太坊仍然導致總價值鎖定（超過800億美元），但越來越多地在性能指標和用戶體驗上受到挑戰。

Institutional investors pursuing real-world asset tokenization and onchain securities issuance are pivoting to Avalanche and Hedera, which offer native compliance tooling and low fees.

追求現實世界中的資產令牌化和Onchain證券發行的機構投資者正在向Avalanche和Hedera旋轉，這些投資者提供了當地的合規性工具和低費用。

Meanwhile, Solana and Cardano continue to dominate the retail trading and memecoin space due to their scalability and community traction.

同時，由於其可擴展性和社區牽引力，Solana和Cardano繼續在零售交易和Memecoin空間中佔據主導地位。