块：从可伸缩到新的第1层范式

可伸缩性曾经是最终目标，但现在只是起跑线。通过将定向的无环图（DAG）架构与工作证明（POW）融合在一起，BlockDag不会抛光旧公式，而是设计了完全新鲜的东西。

Scalability used to be the end goal—but now it’s just the starting line. In a rapidly changing crypto landscape, Ondo Finance and Mantle have tackled real issues like DeFi limitations and Ethereum congestion, each gaining serious attention in the process. Ondo made tokenized assets more accessible, and Mantle enhanced Ethereum’s efficiency.

可伸缩性曾经是最终目标，但现在只是起跑线。在快速变化的加密货币景观中，Ondo Finance和Mantle解决了诸如Defi限制和以太坊拥塞之类的实际问题，每个人都在此过程中引起了人们的重视。 Ondo使令牌资产更容易获得，Mantle提高了以太坊的效率。

But BlockDAG? It’s not just solving problems—it’s challenging the way Layer 1s are even built.

但是blockdag？这不仅是解决问题，而且还挑战了第1层的构建方式。

Instead of a linear chain, BlockDAG uses Directed Acyclic Graph (DAG) architecture, merging it with Proof-of-Work. It’s not polishing up an old formula—it’s designing something completely fresh. And with the ecosystem heating up, the real question becomes: who’s building the smartest foundation for the future?

BlockDag代替了线性链，而是使用定向的无环图（DAG）体系结构，并将其与工作证明合并。它不会抛光旧配方，而是在设计全新的东西。随着生态系统的加热，真正的问题就变成了：谁在为未来建立最聪明的基础？

Ondo Finance Brings Real-World Assets to the Blockchain

Ondo Finance将现实世界的资产带入区块链

Ondo Finance, founded in 2021, came in strong with a bold goal: bring institutional-grade assets to everyday investors. Launching with OUSG, a token giving users exposure to U.S. Treasuries via blockchain, Ondo set its sights high.

成立于2021年的Ondo Finance具有一个大胆的目标：将机构级资产带给日常投资者。与OUSG一起启动，该代币通过区块链使用户接触美国国债，Ondo将目光投向了很高的目光。

Fast forward to March 2025, and Ondo smashed past $1 billion in Total Value Locked (TVL)—a major milestone for tokenized finance. This follows the impressive feat of reaching $500 million in TVL back in June 2024.

快进到2025年3月，Ondo的总价值锁定（TVL）超过10亿美元，这是代币融资的主要里程碑。这是在2024年6月在TVL上达到5亿美元的令人印象深刻的壮举。

Further highlighting Ondo's success, the ONDO token has seen remarkable gains. Commencing with an initial market cap of $78.6 million and a token price of $0.38 at the beginning of the year, it has experienced significant growth.

进一步彰显了Ondo的成功，Ondo代币取得了巨大的收益。从年初开始的最初市值为7,860万美元，代币价格为0.38美元，它的增长显着增长。

At present, ONDO's fully diluted value is about $9.49 billion, with the token trading at around $1.2 on CoinGecko. This reflects a substantial increase from its initial market cap. Moreover, new ONDO wallet addresses saw a 390% surge in 24 hours, jumping from 935 to 4,559.

目前，Ondo的完全稀释价值约为94.9亿美元，代币交易约为1.2美元。这反映了其初始市值的大幅增长。此外，新的Ondo Wallet地址在24小时内增加了390％的增长，从935跃升至4,559。

Mantle Helps Ethereum Scale, But How Far Can It Go?

地幔有助于以太坊的规模，但是它可以走多远？

Launched in July 2023, Mantle came out swinging as a Layer-2 solution focused on making Ethereum transactions faster and cheaper. Aiming to solve issues like high gas fees and slow throughput, Mantle uses optimistic rollups to boost efficiency without compromising Ethereum’s core security.

Mantle于2023年7月推出，摇摆不定，是一种侧重于以太坊交易更快，更便宜的解决方案。旨在解决诸如高气费和缓慢吞吐量之类的问题，Mantle使用乐观的汇总来提高效率，而不会损害以太坊的核心安全性。

Its MNT token has had an up-and-down journey. Peaking at $1.51 on April 8, 2024, it later dipped but managed to stabilize above $1 by December. As of January 24, 2025, MNT is sitting at around $1.20.

它的MNT代币进行了上下旅程。 2024年4月8日的高峰为1.51美元，后来下降了，但在12月之前设法稳定了1美元。截至2025年1月24日，MNT的价格约为1.20美元。

According to cryptocurrency price predictor Gov Capital, the token could climb to $1.68 by the end of 2025—an 84.5% potential return.

根据加密货币价格预测型政府资本的数据，到2025年底，令牌可能会攀升至1.68美元，这是84.5％的潜在回报。

Both Ondo and Mantle are tackling critical problems. Ondo's tokenized real-world assets have captured major interest, and Mantle's Layer-2 boost for Ethereum is aiming to solve issues like high gas fees and slow throughput.

Ondo和Mantle都在解决关键问题。 Ondo的代币现实世界中的资产引起了重大兴趣，而Mantle的第2层提升以太坊的旨在解决诸如高气费和缓慢吞吐量之类的问题。

Still, neither is fundamentally changing the way Layer 1s operate. But BlockDAG is rewriting the playbook.

尽管如此，从根本上讲，这两个都不会改变第1层的运行方式。但是BlockDag正在重写剧本。

BlockDAG Is Betting On A New Technical Architecture

BlockDag正在押注新的技术体系结构

While Ethereum battles congestion and Solana grapples with outages, BlockDAG is building a different foundation. Its hybrid model combines Directed Acyclic Graph (DAG) technology with the security of Proof-of-Work.

尽管以太坊与交通拥堵和索拉纳战斗与中断斗争，但Blockdag正在建立不同的基础。它的混合模型将有名的无环图（DAG）技术与工作证明的安全性相结合。

Unlike traditional chains, this setup allows transactions to be confirmed in parallel, boasting more speed, lower fees, and serious scalability. With thousands of transactions per second and MEV resistance built-in, BlockDAG is setting a new technical bar for Layer 1s.

与传统连锁店不同，这种设置允许并行确认交易，具有更高的速度，较低的费用和严重的可扩展性。 BlockDag拥有每秒成千上万的交易和内置的MEV阻力，为第1层设定了一个新的技术栏。

The numbers speak for themselves. BlockDAG has already raised $208 million—without any venture capital. Over 19 billion coins have been sold, and the price has shot up from $0.001 in batch 1 to $0.0248 in batch 27. That’s a 2,380% return for early buyers.

数字自言自语。 Blockdag已经筹集了2.08亿美元，没有任何风险投资。已经出售了超过190亿个硬币，价格从批次1的0.001售出到批次27的0.0248美元。早期买家的回报率为2,380％。

And it’s not just stats on paper. Over 800,000 people are mining through the X1 App, 400,000+ are playing Tap Miner, and nearly 10,000 X-series miners are already shipping. Testnet is live, and the mainnet—complete with full DeFi, 2,000+ TPS, and governance—is on track for 2025.

这不仅是纸上的统计数据。超过80万人通过X1应用程序开采，有40万以上的人正在玩挖掘矿工，并且已经有近10,000个X系列矿工已经发货了。 TestNet是直播的，而通用的Mainnet已完成2025年的正轨。

Summing Up!

总结！

Ondo is bringing traditional finance assets like U.S. Treasuries and REITs to the blockchain in a bid to broaden investment opportunities. Mantle is aiming to help Ethereum become more efficient by tackling issues like high gas fees and slow throughput with its Layer-2 optimistic rollup technology.

Ondo将像美国国库和REIT等传统金融资产带到区块链，以扩大投资机会。 Mantle的目标是通过解决其2层乐观的滚动技术等问题，诸如高汽油费和慢速吞吐量之类的问题，以帮助以太坊提高效率。

But BlockDAG

但是块