資深公共連鎖卡達諾似乎總是有一個內置的增益

通過加密貨幣市場的跌宕起伏，這位資深的公共連鎖店Cardano似乎總是具有內置的增益，表現出色。

Through the ups and downs of the cryptocurrency market, the veteran public chain Cardano has always seemed to have a built-in BUFF, performing exceptionally well. In this cycle, Cardano's veterans have been revitalized, anchoring the Bitcoin L2 narrative, and recently have frequently made headlines as a U.S. crypto reserve asset, ETF application target, and a popular choice for institutional allocation, significantly increasing its presence.

通過加密貨幣市場的跌宕起伏，這位資深的公共連鎖店Cardano似乎一直具有內置的增益，表現出色。在這個週期中，Cardano的退伍軍人振興了，錨定了比特幣L2的敘述，最近經常成為美國加密儲備資產，ETF應用程序目標，並且是機構分配的流行選擇，並大大提高了其存在。

Ecological indicators crushed, policy BUFF fully loaded accused of being a relationship asset

生態指標被壓碎，政策愛好者滿載被指控為關係資產

On March 2, Trump announced that his digital asset executive order directs the presidential task force to advance a cryptocurrency strategic reserve that includes BTC, ETH, XRP, SOL, and ADA. However, this news was not entirely unexpected. At the end of January this year, Ripple CEO Garlinghouse confirmed that he had discussed the possibility of making XRP a U.S. strategic reserve asset with Trump, emphasizing the need to ensure diversification of reserves. It appears that this game had already begun to be laid out.

3月2日，特朗普宣布，他的數字資產行政命令指示總統特遣隊推進包括BTC，ETH，XRP，SOL和ADA在內的加密貨幣戰略儲備。但是，這個消息並不完全出乎意料。在今年1月底，Ripple首席執行官Garlinghouse證實，他已經討論了將XRP與特朗普成為美國戰略儲備資產的可能性，並強調了確保儲備金多樣化的必要性。看來該遊戲已經開始佈局。

Stimulated by this news, the crypto market "revived" overnight. Among them, Cardano's ADA performed particularly well, with CoinGecko data showing a maximum increase of over 78.1% within 24 hours, directly topping the hot search list. However, amidst the soaring market sentiment, there were also doubts: compared to other selected assets, Cardano's technical strength and ecological development seem slightly inferior; why was it chosen as a U.S. reserve asset?

受到這一消息的刺激，加密貨幣市場在一夜之間“恢復”。其中，Cardano的ADA表現特別出色，共需要數據顯示24小時內最大增加了78.1％以上，直接超過了熱門搜索列表。但是，在飆升的市場情緒中，也有疑問：與其他選定的資產相比，Cardano的技術實力和生態發展似乎略有較差；為什麼選擇它作為美國儲備資產？

Cardano holders have a high willingness to hold long-term, with over 60% choosing to lock up their assets to support the network, which also increases its network health. According to staking data from Staking Rewards, Cardano is the fourth largest POS blockchain network, with a staking amount of $23.34 billion and a staking rate of 60.1%.

Cardano持有人願意長期持有長期的意願，超過60％的人選擇鎖定其資產來支持該網絡，這也可以提高其網絡健康狀況。根據Stateking Rewards的存放數據，Cardano是第四大POS區塊鍊網絡，股份的含量為233.4億美元，含量為60.1％。

However, according to DeFillama data, as of March 3, Cardano's TVL was nearly $508 million, with an on-chain stablecoin market value of $2.255 million, and application revenue in the past 24 hours was only $3,024. In contrast, Solana's TVL reached $8.38 billion, with daily revenue of about $836,000. From the perspective of ecological indicators, Cardano lags behind many selected assets; despite its impressive staking scale, the staking of ADA has not translated into actual dApp applications, indicating that its ecosystem still has large gaps to fill.

但是，根據Defillama數據，截至3月3日，Cardano的TVL接近5.08億美元，鍊鍊球菌的市場價值為225.5萬美元，過去24小時的申請收入僅為3,024美元。相比之下，Solana的TVL達到83.8億美元，每日收入約為836,000美元。從生態指標的角度來看，Cardano落後於許多選定的資產。儘管其令人印象深刻的放分量表，但ADA的放置尚未轉化為實際的DAPP應用程序，這表明其生態系統仍然有很大的差距可以填補。

"So does this mean we have to change our name to 'U.S. Digital Assets'?" Cardano founder Charles Hoskinson quipped in a recent tweet.

“那麼這是否意味著我們必須將名稱更改為'US Digital Assets'？” Cardano創始人查爾斯·霍斯金森（Charles Hoskinson）在最近的一條推文中打趣。

In fact, the outside world has long labeled Cardano as a "Japanese public chain," while Cardano is an American-made project founded by American Charles Hoskinson, one of the original eight co-founders of Ethereum, who has invested significant funds and energy in blockchain, longevity science, and extraterrestrial exploration. In 2014, Hoskinson left due to differences in development direction with Vitalik Buterin and established Input Output Global, headquartered in the U.S., launching Cardano. The reason Cardano is popular in the Japanese market, even being called the "Japanese Ethereum," is largely related to its early financing model. It is reported that nearly 95% of buyers in Cardano's public offering were Japanese investors, often referred to as "retirement investments," mainly because this public offering was led by the Japanese company Emurgo, and at that time, Japan's regulatory environment was relatively relaxed compared to Europe and the U.S., which led to Cardano being massively misunderstood as a Japanese project. However, as the U.S. crypto policies gradually open up, Cardano is gradually downplaying its Japanese image.

實際上，外界長期以來一直將Cardano標記為“日本公共連鎖店”，而Cardano是由美國查爾斯·霍斯金森（American Charles Hoskinson）創立的美國製造的項目，該項目是以太坊最初的八個聯合創始人之一，他已經在區塊鏈，壽命，壽命科學和外地探索方面投入了大量資金和能源。 2014年，由於Vitalik Buterin的開發方向差異，Hoskinson離開了，並建立了總部位於美國的投入輸出全球，並推出了Cardano。卡爾達諾（Cardano）在日本市場上很受歡迎的原因，即使被稱為“日本以太坊”，這與其早期融資模式主要有關。據報導，Cardano公開募股中近95％的買家是日本投資者，通常被稱為“退休投資”，主要是因為這次公開募股是由日本公司Emurgo領導的，當時，與歐洲和美國相比，日本的監管環境相對放鬆，這導致Cardano被大規模誤解為日本項目。但是，隨著美國加密貨幣政策逐漸開放，卡爾達諾逐漸輕描淡寫其日本形象。

As for the market's speculation on Cardano's selection as a strategic asset reserve, many believe it relies not on technology but on establishing close ties with the U.S. government, especially as founder Charles Hoskinson has hinted multiple times. For example, in November 2024, when there were rumors that Trump was considering appointing him as a crypto policy advisor, he revealed in a conversation that he had a close relationship with a member of Trump's team. He stated that he would work with lawmakers and the government to push for a bipartisan bill. Cardano's development company, Input Output Global, plans to establish a cryptocurrency regulatory policy office in early 2025 and aims to engage with "leaders in certain key positions" in the U.S. government to promote the legislative agenda related to cryptocurrencies. However, as of now, the specific progress of this plan has not been disclosed, and there is no evidence that he has been formally employed by the U.S. government.

至於市場對卡爾達諾（Cardano）作為戰略資產儲備的猜測，許多人認為，它不是依賴技術，而是與美國政府建立緊密聯繫，尤其是因為創始人查爾斯·霍斯金森（Charles Hoskinson）暗示了多次。例如，在2024年11月，有傳言說特朗普正在考慮任命他為加密政策顧問時，他在談話中透露，他與特朗普團隊成員有著密切的關係。他說，他將與立法者和政府合作，推動兩黨法案。 Cardano的開發公司Input Outport Global計劃在2025年初建立一個加密貨幣監管政策辦公室，旨在與美國政府的“某些關鍵職位領導者”互動，以促進與加密貨幣有關的立法議程。但是，截至目前，尚未披露該計劃的具體進展，也沒有證據表明他已被美國政府正式僱用。

Charles Hoskinson also clarified on March 2, stating, "No one has been appointed by the executive branch to a cryptocurrency-related role tonight; the meeting does not imply endorsement

查爾斯·霍斯金森（Charles Hoskinson）還於3月2日澄清說：“行政部門今晚沒有人任命與加密貨幣相關的角色；該會議並不意味著認可