2024 年 10 月，比特币主导地位飙升，以太坊面临挑战

2024 年 10 月，比特币的市场主导地位显着增强，而以太坊则面临波动和战略争论。

Bitcoin's market dominance surged in October 2024, while Ethereum faced volatility and strategic challenges, according to a recent analysis by VanEck. The performance of Layer 1 platforms and memecoin trading dynamics also highlighted the month's crypto market activities.

根据 VanEck 最近的分析，比特币的市场主导地位在 2024 年 10 月飙升，而以太坊则面临波动和战略挑战。 Layer 1 平台的表现和 memecoin 交易动态也凸显了本月的加密货币市场活动。

Bitcoin Surges, Broad Market Struggles

比特币飙升，市场普遍陷入困境

Bitcoin (BTC) outperformed major crypto tokens and traditional asset classes, surging by 11% in October, contrasting with declines in the S&P 500 and Nasdaq, both down by 1%. Bitcoin's dominance in the market reached new cycle highs, driven by significant investments in Bitcoin ETPs, totaling $3.3 billion.

比特币 (BTC) 的表现优于主要加密代币和传统资产类别，10 月份飙升 11%，而标准普尔 500 指数和纳斯达克指数均下跌 1%。在比特币 ETP 的大量投资（总计 33 亿美元）的推动下，比特币在市场上的主导地位达到了新的周期高点。

In the broader market, over 60% of observed assets declined, and small-cap cryptos underperformed, falling by 9%. However, some high-throughput Layer 1 platforms like Aptos (APT), Solana (SOL), and Sui (SUI) reported gains of 18%, 10%, and 15%, respectively.

在更广泛的市场中，超过 60% 的观察资产下跌，小盘加密货币表现不佳，下跌 9%。然而，一些高吞吐量的第 1 层平台，如 Aptos (APT)、Solana (SOL) 和 Sui (SUI) 分别报告了 18%、10% 和 15% 的收益。

Ethereum's Strategic Challenges

以太坊的战略挑战

Ethereum (ETH) faced both internal and external pressures. Its ETH/BTC pair reached new lows, dropping by 9.5% in October. Despite a 3% rise in Ethereum's price, it lagged behind Bitcoin.

以太坊（ETH）面临内部和外部压力。其 ETH/BTC 货币对创下新低，10 月份下跌 9.5%。尽管以太坊的价格上涨了 3%，但仍落后于比特币。

The Ethereum community is divided on future strategies, with some advocating for increased Layer 1 transactions to enhance value, while others, including Vitalik Buterin, emphasize scaling through Layer 2 solutions to attract broader user adoption.

以太坊社区对未来战略存在分歧，一些人主张增加第 1 层交易以提高价值，而包括 Vitalik Buterin 在内的其他人则强调通过第 2 层解决方案进行扩展以吸引更广泛的用户采用。

Ethereum's decentralized exchange (DEX) volume share hit an all-time low, partly due to a strategic shift towards lower-cost Layer 2 solutions. This transition has reduced Ethereum's overall revenues, highlighting a need for increased demand to sustain ETH's value.

以太坊的去中心化交易所 (DEX) 交易量份额创下历史新低，部分原因是向低成本第 2 层解决方案的战略转变。这一转变减少了以太坊的整体收入，凸显出需要增加需求来维持以太坊的价值。

Solana's Rising Activity and Revenue Sources

Solana 不断增长的活动和收入来源

Solana (SOL) saw a dramatic increase in usage, with a 132% rise in DEX trading in October, leading to record monthly revenues of $150.5 million from transactions and MEV. The surge was partly fueled by memecoin trading, which has drawn criticism for potentially inflating activity metrics through wash trading. Despite these concerns, Solana's high throughput and low transaction costs continue to attract significant user activity.

Solana (SOL) 的使用量急剧增加，10 月份 DEX 交易量增长了 132%，交易和 MEV 月收入创下历史新高 1.505 亿美元。这种飙升在一定程度上是由模因币交易推动的，该交易因洗售交易可能夸大活动指标而受到批评。尽管存在这些担忧，Solana 的高吞吐量和低交易成本继续吸引了大量的用户活动。

Layer 2 Developments and Decentralization Efforts

Layer 2 开发和去中心化工作

Ethereum's Layer 2 solutions are advancing towards decentralization. Notably, Coinbase's L2 blockchain Base introduced fault proofs, marking progress toward Stage 1 decentralization. This step is crucial as Ethereum L2s like Arbitrum and OP Mainnet lead in Total Value Locked (TVL), aiming to secure the majority of L2 TVL with enhanced decentralization measures.

以太坊的 Layer 2 解决方案正在向去中心化方向发展。值得注意的是，Coinbase 的 L2 区块链 Base 引入了故障证明，标志着第一阶段去中心化的进展。这一步骤至关重要，因为 Arbitrum 和 OP 主网等以太坊 L2 在总价值锁定 (TVL) 方面处于领先地位，旨在通过增强的去中心化措施来确保大部分 L2 TVL。

Vitalik Buterin has emphasized the importance of decentralization, stating that starting in 2025, he will only recognize L2 solutions that achieve "Stage 1+" decentralization. This involves smart contract governance and fraud-proof systems, reducing risks of centralization.

Vitalik Buterin 强调了去中心化的重要性，表示从 2025 年开始，他只会认可实现“Stage 1+”去中心化的 L2 解决方案。这涉及智能合约治理和防欺诈系统，从而降低中心化风险。