Nym (NYM) 2024 年第 3 季啟動覆蓋：NymVPN 公開測試版的推出標誌著隱私 DePIN 協議的里程碑式季度

Nym (NYM) 是一種開源、激勵式、去中心化的實體基礎設施 (DePIN) 協議，可保護任何應用程式、錢包或數位服務的網路層級的隱私。作為混合網絡，Nym 可防止流量模式分析和元資料監控。

Key Insights

主要見解

Nym (NYM) is an open-source, modular, and decentralized physical infrastructure (DePIN) protocol that enhances privacy at the network level for any application, wallet, or digital service. As a mixnet, Nym protects against traffic pattern analysis and metadata surveillance.

Nym (NYM) 是一種開源、模組化和去中心化實體基礎設施 (DePIN) 協議，可增強任何應用程式、錢包或數位服務的網路層級的隱私性。作為混合網絡，Nym 可防止流量模式分析和元資料監控。

Nym exists as a tool to facilitate private end-to-end internet communication between any application. As such, it is not exclusive to blockchain-related activities. However, the Nym mixnet is closely linked to the NYM token, which runs on the Nyx Cosmos-based appchain to enable permissionless ‘bonding’ of new mix nodes to the Nym network and to pay for mixnet services.

Nym 作為一種工具來促進任何應用程式之間的私有端對端互聯網通訊。因此，它並不專屬於區塊鏈相關活動。然而，Nym mixnet 與 NYM 代幣緊密相連，NYM 代幣在基於 Nyx Cosmos 的應用鏈上運行，以實現新 mix 節點無需許可的“綁定”到 Nym 網路並支付 mixnet 服務費用。

The NYM utility token serves the following functions for the Nym mixnet and the underlying Appchain:

NYM 實用代幣為 Nym mixnet 和底層應用鏈提供以下功能：

In Q3’24, NYM’s price further declined 42.9% QoQ to $0.08 after a previous 46% QoQ decline in Q2’24, both in line with the broader market contraction in the quarter. The market cap also dropped 37% QoQ, closing at $63.2 million.

在 2024 年第 2 季環比下跌 46% 後，2024 年第 3 季度，NYM 價格進一步環比下跌 42.9% 至 0.08 美元，兩者與該季度大盤收縮一致。市值也較上季下降 37%，收在 6,320 萬美元。

NYM was originally distributed as both a native Cosmos ICS-20 token and an ERC-20 token, bridged to Ethereum via Gravity Bridge for Coinlist users. By the end of Q3, the ERC-20 NYM supply stood at 116 million, or 14.4% of the total 803 million circulating supply, up from 13.3% in the previous quarter. This suggests decreased adoption into the native mixnet ecosystem.

NYM 最初是作為原生 Cosmos ICS-20 代幣和 ERC-20 代幣進行分發，透過 Gravity Bridge 為 Coinlist 用戶橋接到以太坊。截至第三季末，ERC-20 NYM 供應量為 1.16 億枚，佔總流通量 8.03 億枚的 14.4%，高於上一季的 13.3%。這顯示原生 mixnet 生態系統的採用率有所下降。

In Q3, Nym Technologies released an NYM Swapper app that allows the exchange of NYM tokens between the native Cosmos-based app chain and Ethereum’s ERC-20 tokens via MetaMask and Keplr wallets. This tool simplifies the bridging process and allows users to easily stake tokens on Nym nodes for rewards and manage delegations across the two blockchain ecosystems.

在第三季度，Nym Technologies 發布了 NYM Swapper 應用程序，允許透過 MetaMask 和 Keplr 錢包在基於 Cosmos 的本機應用鍊和以太坊的 ERC-20 代幣之間交換 NYM 代幣。該工具簡化了橋接過程，讓用戶可以輕鬆地將代幣質押在 Nym 節點上以獲得獎勵，並管理兩個區塊鏈生態系統中的委託。

The protocol incentivizes operators (who run Nym Nodes or Nyx validator nodes) and delegators with Nym rewards to bootstrap the network and incentivize security. Total rewards denominated in NYM decreased by 1.3% QoQ, while rewards denominated in USD decreased by 46.4% QoQ due to the NYM token’s price depreciation. Reward distribution decreased from a 12-month high of 2.36 million NYM in September 2023 to 2.06 million NYM in September 2024. This decrease would be expected as the network moves towards commercial adoption and becomes self-sufficient in incentivizing Operators and Delegators without the need for rewards.

該協議透過 Nym 獎勵來激勵營運商（運行 Nym 節點或 Nyx 驗證器節點）和委託人來引導網路並激勵安全性。以 NYM 計價的總獎勵環比下降 1.3%，而由於 NYM 代幣價格貶值，以美元計價的獎勵環比下降 46.4%。獎勵分配從 2023 年 9 月的 12 個月高點 236 萬 NYM 下降到 2024 年 9 月的 206 萬 NYM。獎勵。

Operators were awarded approximately 13% of overall fees in Q3 2024, while delegators received the remaining 87%. This marks a shift from Q2 2024, where delegators received 91% of rewards and operators received 9%. In Q3, delegators earned $515,500, while operators received over $73,700. This change in rewards distribution is due to new parameter adjustments introduced in September 2024, which affected node operator costs and profit margins. The goal was to prevent a potential "race to the bottom" in operator profit margins and to control any unchecked increase in operator costs. This parameter change sets the following ranges:

2024 年第三季度，營運商獲得了約 13% 的總費用，而委託人則獲得了剩餘的 87%。這標誌著與 2024 年第二季的轉變，當時委託人獲得了 91% 的獎勵，營運商獲得了 9%。第三季度，委託人收入為 515,500 美元，而營運商收入超過 73,700 美元。獎勵分配的這項變更是由於 2024 年 9 月引入的新參數調整影響了節點營運商成本和利潤率。其目標是防止營運商利潤率出現潛在的“逐底競爭”，並控制營運商成本的任何不受控制的增加。此參數變更設定以下範圍：

Following a community vote in Q2’24, the above parameter changes were implemented through the Caramello release in September 2024. According to an official post by the project team, since the implementation of the above changes:

經過 2024 年第 2 季的社群投票後，上述參數變更已透過 2024 年 9 月的 Caramello 版本實施。

In the coming months, Nym plans to introduce further changes to NYM tokenomics and staking reward parameters, incorporating feedback from the node operator community. A detailed roadmap for these updates will be presented during the Nym node town hall in October 2024.

在接下來的幾個月中，Nym 計劃結合節點運營商社群的回饋，對 NYM 代幣經濟和質押獎勵參數進行進一步的更改。這些更新的詳細路線圖將於 2024 年 10 月在 Nym 節點市政廳期間公佈。

In Q3’24, the total number of packets received increased by 118%, reaching over 1 million. Since all packets are uniform in size, network traffic is measured by the total packet count. However, due to dynamic cover traffic, individual user activity remains untraceable from overall packet data.

24 年第三季度，收到的資料包總數增加了 118%，達到超過 100 萬個。由於所有資料包的大小都是統一的，因此網路流量是透過資料包總數來衡量的。然而，由於動態覆蓋流量，單一使用者的活動仍然無法從整體資料包資料中追蹤。

In Q2, a series of stress tests were conducted to push heavy traffic through the network and identify error messages and their sources. The first test took place on March 20, 2024, and the third concluded on April 9, 2024. Despite involving over 340 nodes, there were no significant increases in packet volume or other metrics during the tests. Most growth occurred later in Q2 and in Q3, following the beta release of NymVPN which drove substantial packet traffic to the network. The absence of packet loss or node dropouts indicates the network remained stable and experienced no

在第二季度，進行了一系列壓力測試，以推動網路中的大量流量並識別錯誤訊息及其來源。第一次測試於2024年3月20日進行，第三次測試於2024年4月9日結束。大多數成長發生在第二季末和第三季度，繼 NymVPN 測試版發布後，該測試版為網路帶來了大量資料包流量。沒有出現丟包或節點斷線的情況，表示網路保持穩定，沒有出現任何問題。