美國公債代幣化飆升，突破 10 億美元

Finance Redefine 提供了去中心化金融 (DeFi) 發展的見解。本週的主要亮點包括超過 10 億美元的美國國債在以太坊、Polygon 和 Solana 上的代幣化、法院裁決有利於 Coinbase 的自我託管加密錢包、Coinbase 第 2 層系統 Basis 的快速增長以及 TVL 在月，並撥款1.37 億美元啟動Jupiter DEX 的原生DAO。

Tokenization of U.S. Treasuries Surges, Reaching Over $1 Billion on Blockchains

美國國債的代幣化激增，區塊鏈上的規模已超過 10 億美元

The burgeoning trend of asset tokenization has witnessed the digitization of over $1 billion worth of United States Treasuries on Ethereum, Polygon, Solana, and other blockchains. This surge has been driven in part by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund, ticker symbol "BUIDL."

資產代幣化的蓬勃發展趨勢見證了以太坊、Polygon、Solana 和其他區塊鏈上價值超過 10 億美元的美國國債的數位化。這激增的部分原因是最近推出的貝萊德美元機構數位流動性基金（股票代號為「BUIDL」）。

BlackRock's fund debuted on Ethereum on March 20 and currently boasts a market capitalization of $244.8 million. According to data from Etherscan, four transactions totaling $95 million were made into the fund over the past seven days, propelling it to the position of the second-largest tokenized government securities fund.

貝萊德的基金於 3 月 20 日在以太坊上市，目前市值為 2.448 億美元。根據 Etherscan 的數據，過去 7 天內該基金進行了四筆交易，總金額達 9,500 萬美元，使其成為第二大代幣化政府證券基金。

Landmark Win for Coinbase Wallet in SEC Lawsuit, Bolstering DeFi

Coinbase 錢包在 SEC 訴訟中取得里程碑式勝利，支援 DeFi

In a significant development for the decentralized finance (DeFi) ecosystem, a U.S. judge has dismissed allegations against Coinbase Wallet, ruling that it does not constitute a broker. This decision is being hailed by crypto attorneys as a "major win" for self-custody wallets and DeFi applications.

去中心化金融（DeFi）生態系統的一項重大發展是，美國法官駁回了對 Coinbase Wallet 的指控，裁定其不構成經紀人。這項決定被加密貨幣律師譽為自助錢包和 DeFi 應用程式的「重大勝利」。

On March 27, U.S. District Judge Katherine Failla denied Coinbase's motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The SEC had alleged that Coinbase's crypto staking offering was an unregistered security.

3 月 27 日，美國地區法官 Katherine Failla 駁回了 Coinbase 駁回美國證券交易委員會（SEC）提起的訴訟的動議。美國證券交易委員會 (SEC) 聲稱 Coinbase 的加密貨幣質押產品是未註冊的證券。

However, the judge found that the SEC had not adequately alleged that Coinbase engaged in broker-dealer activities through Coinbase Wallet, a self-custody crypto wallet that gives users complete control over their assets.

然而，法官發現 SEC 沒有充分指控 Coinbase 透過 Coinbase Wallet 從事經紀交易商活動，Coinbase Wallet 是一種自我託管的加密錢包，讓用戶可以完全掌控自己的資產。

Jupiter DEX Launches Native DAO with $137 Million in Funding

Jupiter DEX 融資 1.37 億美元推出 Native DAO

Jupiter, a decentralized exchange (DEX) on the Solana blockchain, has allocated 10 million USD Coin (USDC) and 100 million of its native JUP token, a combined $137 million at the time of writing, to launch its Jupiter DAO.

Jupiter 是 Solana 區塊鏈上的去中心化交易所 (DEX)，已分配 1000 萬美元代幣 (USDC) 和 1 億個原生 JUP 代幣（截至撰寫本文時總計 1.37 億美元）來啟動 Jupiter DAO。

In a March 27 announcement, Jupiter stated that the funding "provides the DAO with the ability to fund its operations with USDC and have a JUP allocation for long-term incentive alignment with J.U.P Contributors." The exchange added, "To ensure that the DAO will be able to execute on its key objectives over the long term, we will aim to top up the operational budget annually."

Jupiter 在 3 月 27 日的公告中表示，這筆資金“使 DAO 能夠通過 USDC 為其運營提供資金，並獲得 JUP 分配，以實現與 J.U.P 貢獻者的長期激勵一致。”該交易所補充說：“為了確保 DAO 能夠長期執行其關鍵目標，我們的目標是每年增加營運預算。”

Foundation TVL Doubles in a Month, Memecoins Eyed as Growth Driver

基金會 TVL 在一個月內翻倍，Memecoins 被視為成長動力

The Ethereum layer-2 solution Base has seen its total value locked (TVL) double in less than a month, reaching $2.13 billion. Commentators speculate that Base could emerge as a potential hub for memecoins.

以太坊第 2 層解決方案 Base 的總鎖定價值 (TVL) 在不到一個月的時間內翻了一番，達到 21.3 億美元。評論家推測 Base 可能會成為模因幣的潛在中心。

Base surpassed $1 billion in TVL on February 27, just 226 days after its August 2023 launch. Within 25 days, on March 23, the network had breached the $2 billion mark, according to data from L2Beat.

2 月 27 日，Base 的 TVL 突破 10 億美元，距離 2023 年 8 月推出僅 226 天。根據 L2Beat 的數據，截至 3 月 23 日，該網路在 25 天內突破了 20 億美元大關。

DeFi Sector Overview

DeFi 行業概覽

Data from Cointelegraph Markets Pro and TradingView reveal that the top 100 DeFi tokens by market capitalization experienced a bearish week, with most trading in the red on the weekly charts. However, the total value locked in DeFi protocols has rebounded above $100 billion.

Cointelegraph Markets Pro 和 TradingView 的數據顯示，市值排名前 100 名的 DeFi 代幣經歷了看跌的一周，大多數交易在周線圖上呈虧損狀態。然而，DeFi 協議鎖定的總價值已反彈至 1,000 億美元以上。

Conclusion

結論

This week's developments underscore the rapid evolution and growing significance of decentralized finance. The tokenization of real-world assets, the legal challenges faced by the SEC, the advancements in DeFi infrastructure, and the emergence of native DAOs all point to the continued maturation and potential of the DeFi ecosystem.

本週的發展凸顯了去中心化金融的快速發展和日益增長的重要性。現實世界資產的代幣化、SEC面臨的法律挑戰、DeFi基礎設施的進步以及原生DAO的出現都表明了DeFi生態系統的持續成熟和潛力。