Uniswap 實驗室提高收費，BTC 未能吸引避險資金

分析 Uniswap 費用。 4 月份，Uniswap Labs 將透過其介面進行的交易費用提高了 10 個基本因素，達到 0.25%。

Information Factors

資訊因素

* Uniswap Labs (UNI) elevated the charges it expenses for trades made by means of its interface by 10 foundation factors to 0.25% in April. For probably the most half, the price hike had a detrimental impression on volumes to date.

* Uniswap Labs (UNI) 4 月將透過其介面進行的交易費用提高了 10 個基本因素，達到 0.25%。可能在大多數情況下，價格上漲對迄今為止的銷售產生了不利影響。

* Volumes fell throughout all swimming pools because the announcement, aside from its lowest price tier, which expenses 0.01%. This swimming pools quantity elevated by almost 150% on April 17.

* 由於該公告的發布，所有游泳池的銷量均出現下降，除了最低價格層（其費用為 0.01%）之外。 4月17日，該泳池數量增加了近150%。

* The developer behind the decentralised change introduced on April 10 that it acquired a Wells discover from the US Securities and Alternate Fee. This marks the newest motion by the regulator as it seems to clamp down on the crypto trade.

* 去中心化變革背後的開發商於 4 月 10 日宣布，其從美國證券和替代費用公司收購了 Wells 發現。這標誌著監管機構的最新動議，因為它似乎正在壓制加密貨幣交易。

* Competitors for offshore markets heats up

* 離岸市場的競爭加劇

Over the previous 12 months, offshore markets have grow to be much less concentrated, with smaller exchanges gaining momentum as commerce volumes recovered. This pattern was notably seen within the Bitcoin markets, the place Binance confronted elevated competitors following the removing of its large-scale Bitcoin zero-fee promotion final 12 months.

在過去的 12 個月中，離岸市場的集中度已大大降低，隨著貿易量的恢復，規模較小的交易所也獲得了發展勢頭。這種模式在比特幣市場中尤其明顯，在過去 12 個月取消大規模比特幣零費用促銷後，幣安面臨越來越多的競爭對手。

Binance’s BTC market share at the moment stands at roughly 55%, down from over 80% a 12 months in the past. Bybit, which launched its spot buying and selling platform in 2022, noticed the strongest enhance in market share this 12 months, rising from 2% to 9.3%. OKX’s market share additionally jumped to 7.3% from 3% a 12 months in the past. Bullish, MEXC, and Bithumb additionally noticed vital will increase.

目前幣安的 BTC 市佔率約為 55%，低於過去 12 個月的 80% 以上。 Bybit 於 2022 年推出現貨買賣平台，市佔率出現近 12 個月來最強勁的成長，從 2% 上升至 9.3%。 OKX 的市佔率也從 12 個月前的 3% 躍升至 7.3%。看漲的 MEXC 和 Bithumb 也注意到活力將增加。

An analogous, albeit much less pronounced, pattern is noticed within the altcoin markets, the place Binance’s share of the highest 30 altcoins has decreased from 58% to 50%. Bybit was once more among the many foremost winners, with its market share growing from 3% to eight%.

在山寨幣市場中也出現了類似的模式，儘管不太明顯，幣安在前 30 種山寨幣中的份額已從 58% 下降至 50%。 Bybit 再次躋身最重要的贏家之列，其市佔率從 3% 成長至 8%。

BTC fails to draw safe-haven flows

BTC未能吸引避險資金

The current escalation of battle within the Center East has led to an elevated demand for safe-haven property. Nonetheless, Bitcoin has not benefited from this pattern, with its worth dropping by 6% in April, whereas gold and the US Greenback have rallied.

目前中東地區戰事的升級導致對避險房產的需求增加。儘管如此，比特幣並沒有從這種模式中受益，其價格在 4 月下跌了 6%，而黃金和美元卻有所上漲。

One attainable purpose for this may very well be the BTC halving, which has traditionally led to elevated volatility within the quick time period. Nonetheless, there are various different components at play, as evidenced by Bitcoin’s efficiency following different main market occasions. For instance, Bitcoin surged after the US banking disaster and Russia’s invasion of Ukraine however remained largely unchanged after the Hamas assault on Israel.

這樣做的一個可實現的目標很可能是比特幣減半，這通常會導致短期內波動性加劇。儘管如此，還是有各種不同的因素在發揮作用，比特幣在不同主要市場情況下的表現證明了這一點。例如，比特幣在美國銀行業災難和俄羅斯入侵烏克蘭後飆升，但在哈馬斯襲擊以色列後基本上保持不變。

It’s necessary to notice that Bitcoin’s efficiency varies considerably relative to totally different fiat currencies, and its attraction as a safe-haven asset differs between nations. Historically, foreign money devaluation has been a big driver of crypto adoption.

需要注意的是，比特幣的表現相對於不同的法定貨幣有很大差異，其作為避險資產的吸引力在不同國家也有所不同。從歷史上看，外國貨幣貶值一直是加密貨幣採用的一大動力。

This 12 months, BTC has surged between 60% and 100% towards a number of the world’s worst-performing fiat currencies, such because the Turkish Lira (TRY), Argentinian Peso (ARS), and Nigerian Naira (NGN), in comparison with a 46% rise towards the US Greenback.

過去 12 個月，BTC 與世界上表現最差的一些法定貨幣相比，上漲了 60% 至 100%，例如土耳其里拉 (TRY)、阿根廷比索 (ARS) 和尼日利亞奈拉 (NGN)。匯率上漲46%。

Escalating geopolitical tensions, rising vitality costs, and diverging financial insurance policies may probably increase FX volatility within the coming months.

地緣政治緊張局勢升級、能源成本上升以及金融保險政策的分歧可能會在未來幾個月內增加外匯波動性。