Coinbase 錢包擊敗 SEC，美國公債代幣化突破 10 億美元，Memecoins 助推 Base 繁榮

歡迎回顧本週 DeFi 的重大進展。由於貝萊德的新基金，超過 10 億美元的美國公債現已被代幣化。美國法官裁定 Coinbase 的自我託管錢包不構成經紀活動，這為 DeFi 贏得了勝利。在 memecoin 的熱潮中，Coinbase 的 Base 平台的 TVL 在一個月內翻了一番。

Decentralized Finance Weekly: Tokenized Treasuries Soar Past $1 Billion, Coinbase Wallet Triumphs Over SEC, and Memecoins Fuel Base Platform's Growth

去中心化金融週刊：代幣化公債飆升至 10 億美元以上，Coinbase 錢包戰勝 SEC，Memecoins 推動 Base 平台的成長

The world of decentralized finance (DeFi) continues to evolve at a rapid pace, with major developments unfolding across the blockchain ecosystem. This week's headlines have been dominated by the tokenization of real-world assets, a significant legal victory for DeFi, and the meteoric rise of memecoins on a layer-2 platform.

去中心化金融 (DeFi) 世界持續快速發展，區塊鏈生態系統不斷出現重大發展。本週的頭條新聞主要是現實世界資產的代幣化、DeFi 的重大法律勝利以及 memecoin 在第二層平台上的迅速崛起。

Tokenized Treasuries Hit $1 Billion Milestone

代幣化國債突破 10 億美元里程碑

The trend towards tokenization of real-world assets has gained significant momentum, with over $1 billion worth of United States Treasurys now tokenized and circulating on various blockchain networks, including Ethereum, Polygon, and Solana. This surge in tokenized Treasurys has been driven in part by the recent launch of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), which has attracted significant interest from institutional investors.

現實世界資產代幣化的趨勢已獲得強勁勢頭，價值超過 10 億美元的美國公債現已被代幣化並在各種區塊鏈網路上流通，包括以太坊、Polygon 和 Solana。代幣化國債激增的部分原因是貝萊德最近推出的美元機構數位流動性基金（BUIDL），該基金吸引了機構投資者的濃厚興趣。

The growth of tokenized Treasuries offers several potential benefits, such as increased accessibility to government securities for retail investors, improved liquidity, and reduced settlement times. As more traditional financial institutions embrace blockchain technology, we can expect the tokenization of real-world assets to continue to gain traction.

代幣化國債的成長帶來了一些潛在的好處，例如散戶投資者更容易獲得政府證券、提高流動性並縮短結算時間。隨著越來越多的傳統金融機構採用區塊鏈技術，我們可以預期現實世界資產的代幣化將繼續受到關注。

Coinbase Wallet Wins Legal Battle Against SEC

Coinbase 錢包贏得了針對 SEC 的法律訴訟

In a significant setback for the United States Securities and Exchange Commission (SEC), a U.S. judge has ruled that Coinbase's self-custody crypto wallet does not constitute a broker. This decision is considered a major victory for DeFi proponents and a setback for the SEC's efforts to regulate the crypto industry.

一位美國法官裁定 Coinbase 的自我託管加密錢包不構成經紀人，這對美國證券交易委員會 (SEC) 來說是一個重大挫折。這項決定被認為是 DeFi 支持者的重大勝利，也是 SEC 監管加密產業努力的挫折。

The SEC had alleged that Coinbase Wallet was acting as an unregistered broker-dealer by offering crypto staking services to its users. However, the judge dismissed this claim, stating that the SEC had failed to sufficiently demonstrate that Coinbase Wallet was conducting brokerage activities.

SEC 指控 Coinbase Wallet 充當未註冊的經紀交易商，向其用戶提供加密貨幣質押服務。然而，法官駁回了這一說法，並表示 SEC 未能充分證明 Coinbase Wallet 正在進行經紀活動。

This ruling is a testament to the growing recognition of the decentralized nature of DeFi applications, which give users full control over their digital assets. The decision also provides a glimmer of hope for other DeFi projects that are facing regulatory uncertainty.

這項裁決證明了人們越來越認識到 DeFi 應用程式的去中心化性質，這讓用戶可以完全控制自己的數位資產。這項決定也為其他面臨監管不確定性的 DeFi 計畫帶來了一線希望。

Memecoins Drive Base Platform's Skyrocketing Growth

Memecoins 推動基礎平台的快速成長

Coinbase's layer-2 platform, Base, has experienced a remarkable surge in activity, with its total value locked (TVL) doubling in just one month. This growth has been attributed to the influx of memecoin enthusiasts, who have been flocking to the platform to participate in the latest crypto craze.

Coinbase 的第 2 層平台 Base 的活動量顯著激增，其總鎖定價值 (TVL) 在短短一個月內翻了一番。這種增長歸因於模因幣愛好者的湧入，他們湧入該平台參與最新的加密貨幣熱潮。

Base's TVL reached $1 billion in February, just six months after its launch. However, it took less than a month for the platform to double its TVL, reaching $2.13 billion in March. This rapid growth indicates that Base is becoming a popular destination for memecoin traders and investors.

Base 推出僅六個月後，2 月的 TVL 就達到了 10 億美元。然而，不到一個月的時間，該平台的 TVL 就翻了一番，3 月達到 21.3 億美元。這種快速增長表明 Base 正在成為 memecoin 交易者和投資者的熱門目的地。

As the memecoin frenzy continues, we can expect Base to continue to benefit from the increased activity. The platform's user-friendly interface and low transaction fees make it an attractive option for memecoin traders.

隨著迷因幣熱潮的持續，我們預計 Base 將繼續受益於活動的增加。該平台的用戶友好介面和低廉的交易費用使其成為 memecoin 交易者的一個有吸引力的選擇。

Other Notable Developments

其他值得注意的發展

• **Jupiter DEX Launches Native DAO with $137 Million in Initial Capital:** Solana-based decentralized exchange Jupiter has allocated $137 million to kick-start its Jupiter DAO, providing the community with significant resources to fund development and governance initiatives.
• DeFi Market Overview: The DeFi market experienced a bearish week, with most of the top 100 DeFi tokens trading in the red. However, the total value locked in DeFi protocols has risen back above $100 billion, indicating continued investor interest in the sector.

As the DeFi ecosystem continues to mature, we can expect to see further innovation and disruption in the financial industry. The tokenization of real-world assets, the increasing adoption of DeFi applications, and the growing influence of memecoins are just a few of the trends that are shaping the future of finance.

**Jupiter DEX 以1.37 億美元的初始資本推出Native DAO：** 基於Solana 的去中心化交易所Jupiter 已撥款1.37 億美元啟動其Jupiter DAO，為社區提供重要資源來資助開發和治理計劃。DeFi 市場概述： DeFi 市場經歷了悲觀的一周，前 100 名的 DeFi 代幣大部分出現虧損。然而，DeFi 協議鎖定的總價值已回升至 1000 億美元以上，顯示投資者對該行業的興趣持續存在。隨著 DeFi 生態系統的不斷成熟，我們可以預期金融業將出現進一步的創新和顛覆。現實世界資產的代幣化、DeFi 應用程式的日益普及以及 memecoin 的影響力不斷增強，這些只是塑造金融未來的幾個趨勢。