機構投資和創投推動加密貨幣市場的成熟

Bybit 和 Treehouse 最近的一項研究表明，加密貨幣市場正在經歷重大轉變。 2024 年機構產業報告顯示，市場日趨成熟，機構信任與創投資金不斷增加。加密貨幣總市值從 2023 年 10 月的 1 兆美元飆升至 2024 年 3 月的 2.5 兆美元，投資者信心增強。

Institutional Trust and Venture Capital Surge Fuel Crypto Market Maturation

機構信任和創投激增推動加密貨幣市場成熟

The burgeoning crypto market is undergoing a transformative shift, poised to enter a new era of maturity and institutional acceptance. A comprehensive research report released by Bybit and Treehouse, a leading digital asset research firm, unveils this evolution, highlighting the growing trust from institutional players and a surge in venture capital funding that is reshaping the industry landscape.

蓬勃發展的加密貨幣市場正在經歷一場變革，準備進入一個成熟和機構接受的新時代。 Bybit 和領先的數位資產研究公司 Treehouse 發布的綜合研究報告揭示了這一演變，強調了機構參與者日益增長的信任以及正在重塑行業格局的創投資金的激增。

Surging Institutional Confidence

機構信心高漲

The report paints a picture of a crypto market that has witnessed a significant surge in institutional adoption over the past months. The total value of the crypto market has experienced a meteoric rise, climbing from just over $1 trillion in October 2023 to an impressive $2.5 trillion by March 2024. This surge has been accompanied by a growing confidence among investors in the long-term viability of crypto assets, leading to a steady influx of funds into blockchain-based projects and cryptocurrencies.

該報告描繪了過去幾個月機構採用率大幅上升的加密貨幣市場圖景。加密貨幣市場的總價值經歷了快速成長，從2023 年10 月的略高於1 兆美元攀升至2024 年3 月的令人印象深刻的2.5 兆美元。加密貨幣長期生存能力的信心不斷增強資產，導致資金穩定湧入基於區塊鏈的項目和加密貨幣。

Venture Capital Bonanza

創投富礦

The report delves deeper into the on-chain data, revealing a remarkable resurgence in Venture Capital (VC) crypto investments. The fourth quarter of 2023 witnessed a substantial 21% increase in VC deals, amounting to 174 transactions with $1.42 billion in disclosed funding. This upward trajectory continued in the first quarter of 2024, with a further 36% uptick in deals, bringing the disclosed funding to a staggering $1.94 billion.

該報告深入研究了鏈上數據，揭示了風險投資（VC）加密投資的顯著復甦。 2023 年第四季，創投交易大幅成長 21%，交易數量達 174 筆，揭露資金 14.2 億美元。這種上升趨勢在 2024 年第一季持續，交易量進一步成長 36%，使揭露的資金達到驚人的 19.4 億美元。

Infrastructure projects have emerged as the primary focus of VC crypto investments, attracting significant capital to bolster the core elements of the blockchain ecosystem. These projects range from hardware wallets to blockchain data providers and other innovative solutions that address industry challenges and drive technological advancements.

基礎設施項目已成為創投加密貨幣投資的主要焦點，吸引了大量資金來支持區塊鏈生態系統的核心要素。這些項目範圍從硬體錢包到區塊鏈數據提供商以及其他解決行業挑戰和推動技術進步的創新解決方案。

Diversification and Innovation

多元化與創新

The report also emphasizes a key benefit for investors: the low correlation between cryptocurrencies and traditional indices. Both Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies, maintain correlations below 3% with traditional equity and fixed-income markets. Notably, Bitcoin even exhibits negative correlations, suggesting its potential as a valuable diversification tool for portfolios heavily invested in equities.

該報告還強調了投資者的一個關鍵好處：加密貨幣與傳統指數之間的相關性較低。比特幣 (BTC) 和以太幣 (ETH) 這兩種領先的加密貨幣與傳統股票和固定收益市場的相關性均保持在 3% 以下。值得注意的是，比特幣甚至表現出負相關性，這表明它有潛力成為大量投資於股票的投資組合的寶貴多元化工具。

While Bitcoin and Ethereum continue to dominate the crypto landscape, the emergence of challenger chains has added a new dimension to the market. These alternative blockchains offer faster transaction speeds and lower fees, attracting developers and users alike. Since the fourth quarter of 2023, native tokens of these challenger chains have significantly outperformed ETH, with Solana (SOL), the leading challenger by transaction volume and Total Value Locked (TVL), taking the lead in this space.

雖然比特幣和以太坊繼續主導加密領域，但挑戰者鏈的出現為市場增添了新的維度。這些替代區塊鏈提供更快的交易速度和更低的費用，吸引了開發人員和用戶。自 2023 年第四季以來，這些挑戰者鏈的原生代幣的表現明顯優於 ETH，其中交易量和總鎖定價值 (TVL) 方面領先的挑戰者 Solana (SOL) 在這一領域處於領先地位。

Long-Term Outlook

長期展望

The Bybit and Treehouse report explores the long-term implications of key events such as the upcoming Bitcoin halving, anticipated to reshape market dynamics. The report also examines the potential impact of Exchange-Traded Funds (ETFs) on the crypto market, as regulators and financial institutions move towards embracing cryptocurrencies.

Bybit 和 Treehouse 的報告探討了即將到來的比特幣減半等關鍵事件的長期影響，預計將重塑市場動態。該報告還研究了隨著監管機構和金融機構逐漸擁抱加密貨幣，交易所交易基金（ETF）對加密市場的潛在影響。

The report concludes that the crypto market is poised for continued growth and maturity, fueled by institutional trust, venture capital investments, technological innovation, and a growing recognition of the diversification benefits offered by cryptocurrencies. As the industry evolves, it is likely to play an increasingly significant role in the global financial system.

該報告的結論是，在機構信任、風險資本投資、技術創新以及人們對加密貨幣多元化優勢的日益認識的推動下，加密市場有望持續增長和成熟。隨著該行業的發展，它可能在全球金融體系中發揮越來越重要的作用。