川普第二任期，對支持加密貨幣政策的期望上升

代理、比特幣 DeFi、DePIN、DeSci”

With the inauguration of U.S. President-elect Donald Trump just a week away, the virtual asset (cryptocurrency) market is showing short-term weakness. However, long-term optimism persists due to expectations that the U.S. will pursue pro-crypto policies. Experts believe that fields such as DeFAI (DeFi+AI, AI DeFi investment), Bitcoin DeFi, DePIN, and DeSci are likely to grow this year.

距離美國當選總統川普就職僅一周，虛擬資產（加密貨幣）市場出現短期疲軟。然而，由於預期美國將推行支持加密貨幣的政策，長期樂觀情緒依然存在。專家認為，DeFAI（DeFi+AI，AI DeFi 投資）、比特幣 DeFi、DePIN、DeSci 等領域今年可能會成長。

The leading altcoin Ethereum (ETH) is trading at $3,163, down 2.18% from the previous day on the Binance USDT market as of 18:40 on the 13th (477,600 KRW on Upbit). Many altcoins have seen double-digit declines over the past week, giving back much of this year's gains.

截至 13 日 18:40，幣安 USDT 市場上領先的山寨幣以太坊（ETH）交易價格為 3,163 美元，較前一日下跌 2.18%（Upbit 為 477,600 韓元）。許多山寨幣在過去一周出現了兩位數的跌幅，回吐了今年的大部分漲幅。

At the same time, Bitcoin (BTC) dominance (the proportion of Bitcoin's market cap in the total virtual asset market cap) is rising at 58.41%, up from 56.78% on the 5th. The rise in dominance as Bitcoin's price falls suggests that the altcoin market may soon show weakness.

同時，比特幣（BTC）的主導地位（比特幣市值佔虛擬資產總市值的比例）正在上升至58.41%，高於5日的56.78%。隨著比特幣價格下跌，主導地位的上升表明山寨幣市場可能很快就會表現疲軟。

"Bitcoin Surged 120% Last Year, Attracting Funds…Bitcoin DeFi Also Expected to Grow Rapidly"

《比特幣去年暴漲120%，吸引資金…比特幣DeFi也可望快速成長》

The amount of Bitcoin deposited in Layer 2 networks continues to increase. / Image=Bitcoin Layers

存入 Layer 2 網路的比特幣數量持續增加。 / 圖片=比特幣層

First, there is an analysis that the possibility of significant growth in Bitcoin-based decentralized finance (DeFi) projects has increased following Bitcoin's sharp rise. Recently, Forbes Digital Assets predicted that "Bitcoin DeFi will be a major growth driver in the cryptocurrency market by 2025."

首先，有分析認為，隨著比特幣的大幅上漲，基於比特幣的去中心化金融（DeFi）計畫大幅成長的可能性增加。近日，《富比士數位資產》預測「到 2025 年，比特幣 DeFi 將成為加密貨幣市場的主要成長動力」。

In particular, the Bitcoin restaking platform Babylon Labs is gaining popularity by raising about 57,000 BTC. Several projects, including Babylon Labs, are set to issue tokens (TGE) within the first quarter, drawing more attention. Additionally, the total value locked (TVL) in Bitcoin DeFi, including Fractal Bitcoin (FB), BitLayer (BTR), BuildOnBitcoin (BOB), and Mezo (MEZO), is also growing significantly.

特別是，比特幣重新抵押平台 Babylon Labs 透過籌集約 57,000 BTC 而越來越受歡迎。 Babylon Labs 等多個項目計劃在第一季發行代幣（TGE），引起更多關注。此外，包括 Fractal Bitcoin (FB)、BitLayer (BTR)、BuildOnBitcoin (BOB) 和 Mezo (MEZO) 在內的比特幣 DeFi 鎖定總價值 (TVL) 也在顯著增長。

Web3 consulting firm Dispred stated, "In the Bitcoin ecosystem, restaking projects like Babylon, Lombard, Solv (SOLV), Pstake (PSTAKE), and Bedrock are gaining popularity," adding, "In the long term, as service accessibility improves, the Runes and Ordinals (ORDI) ecosystems will regain attention."

Web3 顧問公司Dispred 表示，「在比特幣生態系統中，Babylon、Lombard、Solv (SOLV)、Pstake (PSTAKE) 和Bedrock 等重新抵押項目越來越受歡迎，」並補充道，「從長遠來看，隨著服務可訪問性的提高，符文和序數（ORDI）生態系統將重新受到關注。

Meanwhile, restaking refers to the investment method of staking Bitcoin that has already been staked. Runes is a platform that helps users issue their own tokens (BRC-20) on the Bitcoin blockchain. Ordinals assists in issuing non-fungible tokens (NFTs) on the Bitcoin blockchain.

同時，重質押是指將已經質押的比特幣進行質押的投資方式。 Runes 是一個幫助用戶在比特幣區塊鏈上發行自己的代幣（BRC-20）的平台。 Ordinals 協助在比特幣區塊鏈上發行不可替代代幣（NFT）。

"Complex DeFi, Now AI Generates Profits…DeFAI on the Rise"

“複雜的 DeFi，現在人工智慧產生利潤……DeFAI 正在興起”

Recently, DeFAI (DeFi+AI, AI DeFi investment) projects that utilize 'AI agents' for DeFi investment are on the rise. 'AI agent' refers to an artificial intelligence (AI) system that performs various tasks independently without human intervention. AI agents assist in managing investors' DeFi portfolios, staking, and liquidity. For example, if a user commands 'Invest a total of $500 in the liquidity pool offering the best current interest rate,' the AI agent executes it.

近期，利用「AI代理」進行DeFi投資的DeFAI（DeFi+AI，AI DeFi投資）計畫正在興起。 「AI代理」是指無需人工幹預即可獨立執行各種任務的人工智慧（AI）系統。 AI 代理協助管理投資者的 DeFi 投資組合、質押和流動性。例如，如果用戶命令“在提供當前最佳利率的流動性池中總共投資 500 美元”，AI 代理就會執行該命令。

Representative DeFAI Projects / Image=IOSG Ventures

DeFAI 代表項目 / 圖片=IOSG Ventures

Representative DeFAI-related projects include ai16z (AI16Z), Velvet Unicorn (VU), and the representative AI agent of Virtual Protocol (VIRTUAL), aixbt (AIXBT). Cryptocurrency analyst Hitesh stated, "DeFAI's market cap is currently below $1 billion but is expected to grow to $10 billion in the coming months."

DeFAI相關的代表性項目有ai16z（AI16Z）、Velvet Unicorn（VU），以及虛擬協議（VIRTUAL）的代表性AI代理aixbt（AIXBT）。加密貨幣分析師 Hitesh 表示，“DeFAI 的市值目前低於 10 億美元，但預計未來幾個月將增長至 100 億美元。”

"DePIN Reducing Infrastructure Costs, Expected to Grow 100-1000 Times Over the Next Decade"

“DePIN降低基礎設施成本，預計未來十年將增長100-1000倍”

Decentralized physical infrastructure projects (DePIN) are also expected to show steep growth. DePIN is evaluated as being able to significantly reduce various infrastructure costs using Web3 technology.

去中心化實體基礎設施項目（DePIN）預計也將呈現急劇成長。 DePIN被評估為能夠使用Web3技術顯著降低各種基礎設施成本。

Classification of Major DePIN Projects / Image=Messari Report

主要 DePIN 項目分類 / 圖片=Messari Report

Cryptocurrency analysis firm Messari recently reported, "The final market size of DePIN is expected to approach $1 trillion, but it currently occupies less than 0.1% of the future market value," adding, "DePIN is just beginning, with the potential to grow 100 to 1000 times over the next decade." According to the report, there were over 350 projects in the DePIN market as of last year, with a market cap of about $50 billion.

加密貨幣分析公司 Messari 最近報告稱，“DePIN 的最終市場規模預計將接近 1 兆美元，但目前僅佔未來市場價值的不到 0.1%”，並補充道，“DePIN 才剛開始，有潛力增長 100未來十年將成長1000 倍。報告顯示，截至去年，DePIN市場上有超過350個項目，市值約500億美元。

Messari analyzed that Helium (HNT), Dawn Protocol (DAWN), Filecoin (FIL), Ionet (IO), Daylight (GRID), Glow (GLOW), Worldcoin (WLD), and Animal (ANML) are leading De

Messari 分析稱，Helium (HNT)、Dawn Protocol (DAWN)、Filecoin (FIL)、Ionet (IO)、Daylight (GRID)、Glow (GLOW)、Worldcoin (WLD) 和 Animal (ANML) 是領先的 De