忘掉 Meme 幣吧，加密實用程式已經在這裡了

大衛齊默爾曼 (David Zimmerman) 表示，Meme Coin Mania 讓許多人想知道加密貨幣是否會停止胡言亂語並提供真正的用例，但只要我們看一下，加密貨幣實用程式就已經存在了。

Despite the recent surge in memecoin mania, leaving many to wonder if crypto will ever move past the absurdity and deliver on its promise of real use-cases, a closer examination reveals that crypto utility is already here.

儘管最近模因幣狂熱激增，讓許多人懷疑加密貨幣是否會超越荒謬並兌現其對真實用例的承諾，但仔細研究表明，加密貨幣的實用性已經存在。

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Memecoins have long been a part of the crypto landscape, but only recently has the phenomenon risen to become a dominant narrative within the ecosystem. Memecoin launchpad “Pump.fun” achieved a record in the crypto industry by generating over $100 million in revenue after just 217 days of operation. Following Pump.fun's milestone, the sector has experienced a cooling period.

Memecoin 長期以來一直是加密領域的一部分，但直到最近，這種現象才成為生態系統中的主導敘事。 Memecoin 啟動板「Pump.fun」僅運行 217 天就創造了超過 1 億美元的收入，創下了加密貨幣行業的記錄。在 Pump.fun 取得里程碑之後，該行業經歷了一段冷卻期。

As the dust settles, a spirited debate has emerged, with crypto natives expressing concerns over the impact of memecoins on the industry's image.

隨著塵埃落定，一場激烈的爭論出現了，加密貨幣原住民對迷因幣對產業形象的影響表示擔憂。

Paul Dylan-Ennis, a lecturer at University College Dublin, stated to The Block: “It's all the worst elements of our industry condensed into one epilepsy-inducing website.”

都柏林大學學院的講師保羅·迪倫·恩尼斯 (Paul Dylan-Ennis) 向 The Block 表示：“我們行業中所有最糟糕的元素都濃縮到了一個引發癲癇的網站中。”

Of the memecoins launched on Pump.fun, over 99% fail within the first week. Despite this, users have gone on to launch around 2 million coins. Collectively, memecoins listed on CoinGecko boast a total market cap of $40 billion. This figure dwarfs the combined market cap of tokens (excluding tokenized assets) categorized in the Real World Asset (RWA) sector, which currently stands at $6.6 billion and includes the tokenization of U.S. Treasuries and insurance.

在 Pump.fun 上推出的迷因幣中，超過 99% 在第一周內就失敗了。儘管如此，用戶還是繼續發行了約 200 萬枚代幣。總的來說，CoinGecko 上列出的 memecoin 總市值達到 400 億美元。這一數字使現實世界資產 (RWA) 領域的代幣總市值（不包括代幣化資產）相形見絀，目前該領域的代幣總市值為 66 億美元，其中包括美國國債和保險的代幣化。

Pay No Mind to the Silliness, Crypto Utility Is Right In front of You

不要介意愚蠢，加密實用程式就在您面前

Such statistics leave many crypto natives feeling disheartened, leading to a noticeable rise in the cohort of self-described “crypto nihilists” within the industry – individuals who believe that all we do here is sling memes. However, while the wacky fringes of crypto continue to rage on, the serious side of the industry continues to make great strides.

這些統計數據讓許多加密貨幣原住民感到沮喪，導致業界自稱「加密貨幣虛無主義者」的群體顯著增加——這些人認為我們在這裡所做的只是吊弄迷因。然而，儘管加密貨幣的古怪邊緣繼續肆虐，但該行業嚴肅的一面繼續取得長足進步。

Stablecoin market cap recently hit $175 billion, as demand continues to grow for crypto's greatest product. The utility and importance of USD-pegged stablecoins is often lost on crypto natives in Western countries. However, stablecoins have proven to be a crucial product for people in emerging markets, whether they are seeking to avoid the hyperinflation of their native currency or predatory remittance fees.

隨著加密貨幣最偉大產品的需求持續增長，穩定幣市值最近達到 1,750 億美元。西方國家的加密貨幣原住民往往忽略了與美元掛鉤的穩定幣的實用性和重要性。然而，事實證明，穩定幣對新興市場的人們來說是至關重要的產品，無論他們是想避免本國貨幣的惡性通貨膨脹還是掠奪性的匯款費用。

Meanwhile, infrastructure for crypto payments continues to expand. Mastercard recently partnered with Mercuryo, enabling users to spend their self-custodied crypto at over 100 million merchants. PayPal and Venmo recently integrated Ethereum Naming Service, allowing their users to transfer crypto using readable names instead of traditional wallet addresses.

同時，加密支付的基礎設施不斷擴大。萬事達卡最近與 Mercuryo 合作，使用戶能夠在超過 1 億家商家使用他們自行託管的加密貨​​幣。 PayPal 和 Venmo 最近整合了以太坊命名服務，讓用戶可以使用可讀的名稱而不是傳統的錢包位址來傳輸加密貨幣。

The Helium Network, a decentralized physical infrastructure (DePIN) project taking on big telcos, has seen 113,000 people sign up to its mobile service. That is 113,000 people who have ditched the likes of Verizon for a crypto alternative.

Helium Network 是一個針對大型電信公司的去中心化實體基礎設施 (DePIN) 項目，已有 113,000 人註冊其行動服務。有 113,000 人放棄了 Verizon 等公司，轉而選擇加密貨幣替代方案。

Crypto is also integrating itself into our lives through messaging apps. Telegram, with nearly 1 billion monthly active users, integrated The Open Network (TON), allowing users to transfer crypto as easily as sending a text. LINE, an Asian messaging app with over 230 million monthly active users, is following a similar plan with Kaia.

加密貨幣也透過訊息應用程式融入我們的生活。 Telegram 每月擁有近 10 億活躍用戶，它整合了開放網路 (TON)，使用戶可以像發送文字一樣輕鬆地傳輸加密貨幣。 LINE 是每月活躍用戶超過 2.3 億的亞洲即時通訊應用程序，它正在與 Kaia 採取類似的計劃。

Both TON and Kaia are focused on building out mini apps that will enable crypto usage within Telegram and LINE. TADA, a major ride-hailing app in Southeast-Asian, recently launched “TADA Mini” which enables users to book rides through Telegram and pay using TON or USDT. Kaia Wave, an incentive program starting in Q4, is offering up to $1.2 million in support for developers building out mini apps on LINE.

TON 和 Kaia 都專注於建立迷你應用程序，以支援在 Telegram 和 LINE 中使用加密貨幣。東南亞主要的叫車應用程式 TADA 最近推出了“TADA Mini”，用戶可以透過 Telegram 預訂行程並使用 TON 或 USDT 付款。 Kaia Wave 是一項於第四季度啟動的激勵計劃，將為開發者在 LINE 上建立迷你應用程式提供高達 120 萬美元的支援。

If that were not enough, there is every indication that the $12 billion in tokenized assets on-chain is only the beginning for the RWA sector. BlackRock's BUIDL fund, a tokenized investment fund focused on U.S. Treasuries and repo agreements, reached over $500 million in capital deployed this summer. BlackRock CEO Larry Fink frequently reiterates the vision to “tokenize all assets”, with BUIDL's launch in March being just the start.

如果這還不夠，那麼有跡象表明，鏈上價值 120 億美元的代幣化資產只是 RWA 領域的開始。貝萊德的 BUIDL 基金是一支專注於美國國債和回購協議的代幣化投資基金，今年夏天部署的資本超過 5 億美元。 BlackRock 執行長 Larry Fink 經常重申「所有資產代幣化」的願景，而 BUIDL 三月的推出只是一個開始。

Memecoins Seldom Capture Headlines

Memecoin 很少成為頭條新聞

Memecoins have stirred a lively debate within crypto circles, but “Dogwifhat” does not capture wider attention and make crypto look bad to outsiders. FTX defrauding customers and collapsing makes crypto look bad. $6 billion in DeFi exploits and hacks makes crypto look bad. VC-backed projects extracting millions and then exiting makes crypto look bad. Memecoins can make crypto look silly, but there are greater issues that damage the crypto’s image.

Memecoin 在加密貨幣圈內引起了激烈的爭論，但「Dogwifhat」並沒有引起更廣泛的關注，並且讓加密貨幣在外人看來很糟糕。 FTX 欺騙客戶並崩潰讓加密貨幣看起來很糟糕。價值 60 億美元的 DeFi 漏洞和駭客攻擊讓加密貨幣看起來很糟糕。創投支持的項目提取了數百萬美元然後退出，這讓加密貨幣看起來很糟糕。 Memecoin 可能會讓加密貨幣看起來很愚蠢，但有更大的問題會損害加密貨幣的形象。

Fortunately, such issues are balanced out by positive fundamental developments in the space. It is easy to fall into the trap of crypto nihilism, especially when the silliest sectors of the industry steal our attention away from real progress. Memecoin madness will likely continue to be a feature of crypto

幸運的是，這些問題已被該領域的積極基本發展所抵消。人們很容易陷入加密貨幣虛無主義的陷阱，尤其是當該行業最愚蠢的部門將我們的注意力從真正的進步上轉移開時。 Memecoin 的瘋狂可能會繼續成為加密貨幣的特徵