VE Tokenomics：現金流驅動的增長

Vechain的標記學樞紐是真正的現金流，正在改變DEFI的遊戲規則。諸如VTHO獎勵的積分激勵措施和代表們的通貨膨脹率削減了72.2％

In the constantly evolving landscape of decentralized finance (DeFi), the pursuit of sustainable revenue models has taken center stage. As protocols explore diverse avenues to generate and retain cash flow, their tokenomics and overall health are closely scrutinized.

在不斷發展的分散財務（DEFI）的不斷發展的景觀中，追求可持續收入模式已成為中心階段。隨著協議探索產生和保留現金流的各種途徑，他們的令牌學和整體健康受到了仔細的審查。

While Uniswap, the leading decentralized exchange, has seen transactional activity ebb and flow, another protocol, codenamed VE Token, has adjusted its strategy to focus on real-world utility and partnerships.

雖然領先的分散交易所Uniswap看到了交易活動潮流和流動，但另一種代號為VE代幣的協議已調整了其策略，以關注現實世界實用程序和合作夥伴關係。

This divergence in approach has resulted in varying degrees of success, highlighting the crucial role of tokenomics in a protocol’s long-term resilience.

方法上的這種差異導致了不同程度的成功程度，突出了令牌學在協議的長期彈性中的關鍵作用。

As crypto protocols adjust to a new era of cash flow-driven tokenomics, the implications for the broader DeFi ecosystem are significant.

隨著加密協議適應現金流動驅動的代幣學的新時代，對更廣泛的Defi生態系統的影響是重要的。

With a focus on real-world utility through enterprise partnerships and a triple-digit reduction in inflation from 2024 levels, codenamed VE Token’s tokenomics have evolved differently compared to protocols focused on protocol-level fees.

通過企業合作夥伴關係，重點關注現實世界的實用程序，並從2024年的級別降低了通貨膨脹的三位數，因此與集中在協議級費用的協議相比，代碼為ve ve ve ve ve ve ve ve ve ve ve ve ve ve ve ve ve ve ve。

The codenamed VE Token model, with its emphasis on staking incentives and a dual-token system, aims for sustained growth potential.

代號為VE代幣模型，其重點是放置激勵措施和雙重系統，旨在持續增長潛力。

In the case of codenamed VE Token, the protocol’s strategy of slashing inflation by 72.2% through VTHO rewards for validators and delegators has contributed to a 650% surge in total value locked (TVL) from 2024 levels.

對於代號為VE代幣的情況，該協議通過VTHO獎勵將通貨膨脹率削減72.2％的策略，從2024年的水平上促進了總價值鎖定（TVL）的650％的增長。

This shift toward a more engaged and rewarded user base is evident in the 1,070% increase in daily transactions.

在每日交易增加的1,070％時，向更具參與和獎勵的用戶群的轉變顯而易見。

In contrast, Uniswap’s transactional activity has varied more significantly. Commencing 2025 with daily trade volumes of $900 million and rising gradually to $1.8 billion by mid-March, the protocol’s transactions have fluctuated.

相比之下，UNISWAP的交易活動差異更大。從2025年開始，每日貿易量為9億美元，到3月中旬開始逐漸上升至18億美元，該協議的交易波動。

Despite this variation, Uniswap’s liquidity remains substantial, with TVL at $3.9 billion. As the protocol explores additional revenue streams—such as protocol fees, which could yield around $50 million annually—the focus on consistent cash flow is evident.

儘管有這種差異，但Uniswap的流動性仍然很大，TVL為39億美元。當該協議探索額外的收入流（例如協議費用）時，每年可能產生約5000萬美元的協議費用，重點是一致的現金流。

When markets are busy, Uniswap performs well; however, its reliance on trading fees can be a weakness during slow markets. This underscores the urgency for additional revenue streams.

當市場忙碌時，Unistwap的運行良好。但是，在緩慢的市場中，其對交易費的依賴可能是一個弱點。這突顯了額外收入流的緊迫性。

Moreover, the integration of DeFi governance in Uniswap, focused on granting voting rights to liquidity providers, contrasts with codenamed VE Token’s approach.

此外，將defi治理的整合在單項局部，重點是授予流動性提供者的投票權，與代號為ve doken的方法形成鮮明對比。

Codenamed VE Token’s partnerships—which have spanned domains like blockchain and wine—aim for sustained utility, setting it apart from Uniswap’s model, which is largely driven by trade activity and varying volumes.

代號為ve代幣的合作夥伴關係（跨越了區塊鍊和葡萄酒等領域），以持續效用，將其與Uniswap的模型區分開來，該模型主要由貿易活動和不同的數量驅動。

As codenamed VE Token continues to expand its enterprise partnerships, the implications for the protocol’s price performance are noteworthy.

隨著代號為VE代幣繼續擴大其企業合作夥伴關係，對協議價格績效的影響是值得注意的。

Having witnessed a 25% price appreciation in Q1 2025 due to partnerships and staking rewards, codenamed VE Token is poised for modest gains, with predictions ranging from $0.025 to $0.031 by mid-March.

由於合作夥伴關係和積分獎勵，在第1季度的第1季度價值25％的價格讚賞之後，代號為Ve代幣已準備好獲得適度的收益，預計到3月中旬的0.025美元至0.031美元不等。

Analysts are optimistic about the long-term prospects of codenamed VE Token, particularly in the context of its real-world utility, which includes supply chain management solutions for partners.

分析師對代號為VE代幣的長期前景感到樂觀，尤其是在其現實世界實用程序的背景下，其中包括針對合作夥伴的供應鏈管理解決方案。

In contrast, the outlook for Uniswap is less bullish, with Changelly forecasting that UNI will trade between $6.69 and $6.23 by March, considering the varying outlooks from different analysts.

相比之下，UNISWAP的前景不太看好，Changelly預測，考慮到不同分析師的不同前景，Uni將在3月到6.69至6.23美元之間進行交易。

However, the outlook for Uniswap remains cautious, given the implications of a potential downturn in market activity on the protocol’s revenue generation.

但是，鑑於市場活動對協議收入產生的潛在衰退的意義，對單務的前景仍然謹慎。