随着以太坊 [ETH] 上涨，山寨币季节开始，LINK 每周上涨 16.6%

以太坊 [ETH] 最近展示了其作为市值第二大加密货币的实力，并取得了显着的增长。过去 24 小时内，ETH 飙升近 10%，截至发稿时交易价格达到 3,374 美元。

Ethereum's recent strength, as the second-largest cryptocurrency by market capitalization, has brought about a 10% surge in its price over the past 24 hours. This surge, reaching a trading price of $3,374 at the time of writing, signals potential bullish activity in the broader altcoin market.

作为市值第二大加密货币，以太坊最近的走强导致其价格在过去 24 小时内飙升了 10%。此次飙升，在撰写本文时达到了 3,374 美元的交易价格，标志着更广泛的山寨币市场潜在的看涨活动。

CryptoQuant analyst Mac.D has highlighted the beginning of an altcoin season in a post on the QuickTake platform, pointing to Ethereum's circulating velocity and transaction growth as indicators of this rally.

CryptoQuant 分析师 Mac.D 在 QuickTake 平台上的一篇文章中强调了山寨币季节的开始，指出以太坊的流通速度和交易增长是此次反弹的指标。

Historically, during altcoin market rallies, the circulating velocity—a measure of how quickly coins circulate in the market, calculated by dividing the annual coin movement by the total supply—tends to rise. Despite the currently low velocity levels, at around seven times the total supply, Ethereum's role as a primary collateral asset for institutional investors is expected to play a crucial part.

从历史上看，在山寨币市场反弹期间，流通速度（衡量货币在市场上流通速度的指标，通过将年度货币流动量除以总供应量来计算）往往会上升。尽管目前流通速度较低，约为总供应量的七倍，但以太坊作为机构投资者主要抵押资产的作用预计将发挥至关重要的作用。

According to the analyst, a rise in ETH's price could stimulate DeFi liquidity and confirm the onset of an altcoin season.

这位分析师表示，ETH 价格上涨可能会刺激 DeFi 流动性，并确认山寨币季节的到来。

This recent strength in Ethereum's performance comes within a broader narrative. While Bitcoin has outpaced Ethereum in recent rallies, largely due to its institutional appeal and role as a store-of-value asset, Ethereum's role as a backbone for decentralized finance (DeFi) and a top choice for institutional collateral positions it for substantial influence.

以太坊最近的强劲表现来自于更广泛的叙述。虽然比特币在最近的上涨中超过了以太坊，这主要是由于其机构吸引力和作为价值存储资产的作用，但以太坊作为去中心化金融（DeFi）的支柱和机构抵押品的首选角色使其具有重大影响力。

However, challenges remain, with competition from faster and cheaper blockchain networks, such as Solana, Tron, and Aptos, presenting hurdles for Ethereum to overcome. Yet, as Ethereum's transaction growth and velocity improve, it is expected to drive liquidity creation, benefiting the altcoin ecosystem.

然而，挑战依然存在，来自更快、更便宜的区块链网络（例如 Solana、Tron 和 Aptos）的竞争，给以太坊带来了需要克服的障碍。然而，随着以太坊交易增长和速度的提高，预计将推动流动性创造，使山寨币生态系统受益。

A closer look at one of the prominent altcoins, Chainlink, further supports the altcoin season thesis. LINK has recorded a 16.6% increase in the past week, bringing its trading price to $15.26.

仔细观察一种著名的山寨币 Chainlink，进一步支持了山寨币季节的论点。 LINK 在过去一周上涨了 16.6%，交易价格达到 15.26 美元。

This growth aligns with Ethereum's rising activity and suggests broader altcoin momentum. Key metrics bolster this case: LINK's active addresses—a measure of retail interest—have surged, increasing from below 2,000 in October to over 5,000 by 21st November, according to Glassnode.

这种增长与以太坊不断增长的活动相一致，并表明了更广泛的山寨币势头。关键指标支持了这一观点：根据 Glassnode 的数据，LINK 的活跃地址（零售兴趣的衡量标准）激增，从 10 月份的不足 2,000 个增加到 11 月 21 日的超过 5,000 个。

Furthermore, Chainlink's derivatives data also shows bullish signs, with a 7.76% increase in LINK's open interest, now valued at $294.88 million, according to data from Coinglass.

此外，Chainlink的衍生品数据也显示出看涨迹象，根据Coinglass的数据，LINK的未平仓合约增加了7.76%，目前价值2.9488亿美元。

Additionally, there has been a 0.86% increase in LINK's open interest volume, reaching $726.97 million. These metrics suggest heightened investor activity and confidence in LINK's near-term performance.

此外，LINK 的未平仓合约量增长了 0.86%，达到 7.2697 亿美元。这些指标表明投资者活动有所增加，并对 LINK 的近期表现充满信心。