币安研究院发布 2024 年 11 月市场洞察报告，分析加密货币市场的市场趋势和显着发展

本月的报告深入探讨了市值的变化、去中心化金融（DeFi）和不可替代代币（NFT）的新兴模式

Binance Research has published its latest “Monthly Market Insights” report for November 2024, offering a comprehensive analysis of recent trends and notable developments in the cryptocurrency market. This month’s report delves into shifts in market capitalization, emerging patterns in decentralized finance (DeFi) and non-fungible tokens (NFTs), and explores how current events are impacting the broader crypto landscape.

币安研究院发布了 2024 年 11 月最新的“月度市场洞察”报告，对加密货币市场的最新趋势和显着发展进行了全面分析。本月的报告深入探讨了市值的变化、去中心化金融（DeFi）和不可替代代币（NFT）的新兴模式，并探讨了当前事件如何影响更广泛的加密货币格局。

Key Insights for November 2024

2024 年 11 月的主要见解

Binance Research’s November report identifies several pivotal trends that have shaped the crypto market:

币安研究院 11 月报告指出了影响加密货币市场的几个关键趋势：

1. Steady Market Growth Amid Global Challenges

1、全球挑战下市场稳定增长

October saw a 2.8% increase in cryptocurrency market capitalization, driven primarily by substantial inflows into Bitcoin spot ETFs and optimistic U.S. job data. However, external factors like the Israel-Iran conflict and allegations involving Tether are causing caution among investors. The market is also reacting to the U.S. presidential election, with potential regulatory changes anticipated.

10 月份，加密货币市值增长 2.8%，这主要是由于大量资金流入比特币现货 ETF 和乐观的美国就业数据。然而，以色列和伊朗冲突以及涉及 Tether 的指控等外部因素引起了投资者的谨慎。市场也在对美国总统大选做出反应，预计监管可能会发生变化。

2. Increased Correlation Between Bitcoin and S&P 500

2. 比特币与标准普尔 500 指数之间的相关性增强

Bitcoin’s correlation with the S&P 500 has reached new highs, reflecting a shift in how the asset is perceived. Once seen as a hedge against traditional market volatility, Bitcoin is now viewed both as a risk-on asset and a potential safeguard against macroeconomic instability. The report explores the possibility of this trend continuing, potentially influencing Bitcoin’s role as an alternative investment.

比特币与标准普尔 500 指数的相关性已达到新高，反映出人们对该资产的看法发生了转变。比特币曾经被视为对冲传统市场波动的工具，现在被视为一种风险资产和应对宏观经济不稳定的潜在保障。该报告探讨了这种趋势持续下去的可能性，可能会影响比特币作为另类投资的角色。

3. On-Chain Application Revenue on the Rise

3. 链上应用收入不断增长

Revenues from on-chain applications have outpaced those from infrastructure projects, indicating real adoption and growing usage. Currently, 13 of the top 15 revenue-earning chains are applications, suggesting that a significant share of industry-wide revenue may accrue to applications rather than underlying blockchain infrastructure as adoption scales.

链上应用程序的收入已经超过了基础设施项目的收入，表明真正的采用和使用量的增长。目前，前 15 个创收链中有 13 个是应用程序，这表明随着采用规模的扩大，全行业收入的很大一部分可能来自应用程序，而不是底层的区块链基础设施。

4. Record Token Launches on Solana

4. Solana 上的代币发行量创历史新高

Solana has emerged as the leading blockchain for token launches, capturing 90.6% of new weekly tokens by late October. This surge is linked to the popularity of memecoins and the user-friendly platform, pump.fun, which lowers barriers for token creation. Solana’s dominance in token launches highlights the network’s adaptability and appeal, particularly for retail and speculative activity.

Solana 已成为代币发行的领先区块链，截至 10 月底捕获了 90.6% 的每周新代币。这种激增与模因币的流行和用户友好的平台 Pump.fun 相关，该平台降低了代币创建的障碍。 Solana 在代币发行方面的主导地位凸显了该网络的适应性和吸引力，特别是对于零售和投机活动。

5. Growing Popularity of Memecoins

5. Memecoin 越来越受欢迎

October was a strong month for memecoins, with these tokens representing four of the top five performers by trading volume. Memecoins have gained traction due to their perceived fairness, immediate circulation, and ease of accessibility. Since February, memecoins have consistently averaged around $5 billion in daily trading volume, reflecting sustained interest in this asset class.

十月是模因币表现强劲的月份，这些代币代表了交易量排名前五的代币中的四个。 Memecoin 因其公平性、即时流通和易于获取而受到关注。自 2 月份以来，memecoin 的日均交易量一直保持在 50 亿美元左右，反映出人们对这一资产类别的持续兴趣。

In the past month, notable cryptocurrency price performances included:

在过去的一个月里，值得注意的加密货币价格表现包括：

– Dogecoin (DOGE) surged 33.1%, fueled by a mention from Elon Musk related to government efficiency reforms.

– 受埃隆·马斯克提及政府效率改革的推动，狗狗币 (DOGE) 飙升 33.1%。

– Solana (SOL) rose by 9.7%, benefiting from increased memecoin activity and growth in DeFi Total Value Locked (TVL).

– Solana (SOL) 上涨 9.7%，受益于 memecoin 活动的增加和 DeFi 总价值锁定 (TVL) 的增长。

– Bitcoin (BTC) gained 7.4%, approaching its previous all-time high as ETF inflows drove institutional demand.

– 比特币 (BTC) 上涨 7.4%，接近之前的历史高点，因为 ETF 流入推动了机构需求。

– TRON (TRX) recorded a 7.5% gain, while Ethereum (ETH) declined by 3.7%, partly due to user concerns about fee structures and the rise of alternative chains.

– TRON (TRX) 上涨 7.5%，而以太坊 (ETH) 下跌 3.7%，部分原因是用户对费用结构和替代链崛起的担忧。

DeFi, NFTs, and Layer 1 Updates

DeFi、NFT 和 Layer 1 更新

DeFi continues to experience growth, with Solana, Base, and Aptos standing out for their TVL increases of 13.4%, 22.2%, and 57.1%, respectively. Solana’s DeFi TVL reached $7.6 billion, driven by institutional and retail interest. Other chains like Base saw record DEX volumes, with protocols like Aerodrome gaining a 50.9% share of Base’s DeFi market.

DeFi 持续增长，Solana、Base 和 Aptos 的 TVL 增幅分别为 13.4%、22.2% 和 57.1%。在机构和散户兴趣的推动下，Solana 的 DeFi TVL 达到 76 亿美元。 Base 等其他链的 DEX 交易量创历史新高，Aerodrome 等协议获得了 Base DeFi 市场 50.9% 的份额。

NFTs saw a 15.8% rise in trading volume in October, marking the first monthly increase since March 2024. Ethereum collections like Bored Ape Yacht Club and Pudgy Penguins saw notable volume gains, while meme-based NFTs such as Milady Maker and Project AEON saw a resurgence. Although major blockchains experienced an overall decrease in volume, networks like Mythos and Algorand reported significant sales increases.

10 月份 NFT 的交易量增长了 15.8%，这是自 2024 年 3 月以来的首次月度增长。Bored Ape Yacht Club 和 Pudgy Penguins 等以太坊系列的交易量显着增长，而 Milady Maker 和 Project AEON 等基于 meme 的 NFT 则出现了显着的交易量增长。再起。尽管主要区块链的交易量总体下降，但 Mythos 和 Algorand 等网络的销售额却出现显着增长。

Bitcoin’s correlation with the S&P 500 reflects shifting investor sentiment. Historically, Bitcoin was perceived as a non-correlated asset, yet its increased correlation with traditional equities highlights its evolving role in portfolios. As markets anticipate potential interest rate cuts, traditional finance players are increasing their involvement in Bitcoin. Binance Research’s report examines this trend’s potential impact on Bitcoin’s hedging appeal and its role as an alternative asset class.

比特币与标准普尔 500 指数的相关性反映了投资者情绪的变化。从历史上看，比特币被认为是一种不相关的资产，但其与传统股票的相关性增强凸显了其在投资组合中不断变化的作用。随着市场预期潜在的降息，传统金融参与者正在增加对比特币的参与。币安研究院的报告探讨了这一趋势对比特币的对冲吸引力及其作为另类资产类别的作用的潜在影响。

The report highlights the growing share of revenue captured by on-chain applications, with 13 of the top 15 revenue-generating projects being applications. As user adoption grows, applications are increasingly capturing market share compared to infrastructure projects, signaling a shift toward user-facing services. This trend underscores the importance of applications in driving long-term value within the crypto ecosystem.

该报告强调了链上应用程序所获得的收入份额不断增长，前 15 个创收项目中有 13 个是应用程序。随着用户采用率的增长，与基础设施项目相比，应用程序越来越多地占据市场份额，这标志着向面向用户的服务的转变。这一趋势强调了应用程序在推动加密生态系统中的长期价值方面的重要性。

October’s meme

十月的表情包