加密货币市场在2025年第一季度的价值下降了大幅下降

根据Coingecko 2025 Q1报告的数据，总市值从1月中旬的峰值价值下降了18.6％，为3.8万亿美元，至2.8万亿美元。

The cryptocurrency market experienced a substantial drop in value during the first quarter of 2025 following the positive outlook of late 2024. According to data from CoinGecko’s 2025 Q1 Report the total market capitalization dropped 18.6% from its mid-January peak value of $3.8 trillion to $2.8 trillion. The market faced a reversal demonstrating a contrast from the time preceding Donald Trump’s presidential inauguration. According to market statistics, the average daily trading volume experienced a 27.3% fall to $146 billion.

在2024年底的积极前景之后，加密货币市场在2025年第一季度的价值下降了。从唐纳德·特朗普（Donald Trump）的总统就职典礼之前的时间开始，市场就面临逆转。根据市场统计，平均每日交易量的经历了27.3％，至1460亿美元。

Bitcoin Strengthens Its Market Share Amidst Altcoin Struggles

比特币在Altcoin挣扎中加强其市场份额

Despite the overall market downturn, Bitcoin (BTC) strengthened its position, increasing its dominance to 59.1%, a level not seen since early 2021. Bitcoin’s dominance surged as altcoins, particularly Ethereum, took a harder hit. Bitcoin reached an all-time high of $106,182 in January, just after the inauguration, but subsequently retreated by 11.8% to close Q1 at $82,514.

尽管整体市场低迷，比特币（BTC）仍在加强了其位置，将其优势提高到59.1％，这是自2021年初以来未见的水平。比特币的优势飙升，因为山寨币，尤其是以太坊，受到了更大的打击。就职典礼之后，比特币在一月份达到了106,182美元的历史最高点，但随后退缩了11.8％，以82,514美元的价格收盘。

In comparison, gold and U.S. Treasuries outperformed Bitcoin during this period, reflecting the growing appeal of safer assets amidst economic uncertainty. The price of Ethereum (ETH) experienced a 45.3% collapse that wiped out all its gains in 2024.

相比之下，在此期间，黄金和美国国债超过了比特币，反映了经济不确定性中更安全的资产的吸引力。以太坊（ETH）的价格经历了45.3％的崩溃，在2024年消除了所有收益。

The cryptocurrency market experienced new trends, as revealed by Ethereum’s performance. Ethereum’s significant price decline caused its dominance to hit 7.9%, which marked its lowest performance since late 2019.

正如以太坊的表现所揭示的那样，加密货币市场经历了新的趋势。以太坊的大幅下降导致其优势达到7.9％，这标志着其自2019年底以来的最低表现。

In addition, the decrease in Ethereum’s market share was not unexpected as it coincides with the trend towards Layer 2 solutions and decreasing activity on Ethereum mainnet. Additionally, despite the market difficulties, stablecoins like Tether (USDT) and USD Coin (USDC) gained ground as investors sought more stable options during the turbulent period.

此外，以太坊市场份额的下降并不是出乎意料的，因为它与第2层解决方案的趋势同时减少了对以太坊主网的活动。此外，尽管市场困难，但随着投资者在动荡时期寻求更稳定的选择，诸如Tether（USDT）和USD Coin（USDC）之类的Stablecoin取得了基础。

Meme Coins and DeFi Experience Sharp Decline

模因硬币和Defi经历急剧下降

The broader decline also affected the once-booming meme coin sector. The meme coin market was initially started by political influence, including the launch of Trump-related meme coins. However, the market experienced a drop in activity following the crash of the Libra token. Launched by Argentinian President Javier Milei, this token had a dramatic price plunge after developers rug-pulled the project.

更广泛的下降也影响了曾经繁荣的模因硬币行业。模因硬币市场最初是由政治影响力开始的，包括与特朗普相关的模因硬币的推出。但是，在天秤座令牌崩溃之后，市场的活动下降。由阿根廷总统贾维尔·米利（Javier Milei）发行，此代币在开发商剥夺了该项目后的价格急剧下跌。

By the end of Q1, investor confidence in meme coins had declined substantially because of this incident, leading to a more than 56% fall in daily token deployments on pump.fun.

到第一季度结束时，由于这一事件，投资者对模因硬币的信心大大下降，导致每日代币部署在pump.fun上降低了56％以上。

Meanwhile, the decentralized finance (DeFi) sector faced a significant drop in total value locked (TVL) to $48.9 billion in Q1 representing a 27.5% decrease. Ethereum’s dominance over the DeFi market segments declined to 56.6% by the end of the quarter.

同时，分散的财务（DEFI）部门面临的总价值锁定（TVL）显着下降至第1季度的489亿美元，降低了27.5％。到本季度末，以太坊对DEFI市场领域的主导地位下降到56.6％。

Despite these fluctuations, Solana maintained its status as the market leader by establishing itself as a leading entity in decentralized exchange (DEX) trading during this period. DEX trading on Solana reached 39.6% market share during Q1 mainly due to meme coin popularity, which started declining in the later quarter.

尽管发生了这些波动，但索拉纳（Solana）在此期间将自己确立为分散交易（DEX）交易的领先实体，以保持其作为市场领导者的地位。在第1季度，索拉纳（Solana）的DEX交易达到了39.6％的市场份额，这主要是由于模因硬币的受欢迎程度在后期开始下降。