交易员押注特朗普获胜将提升他们的“投资吸引力”，DeFi 代币上涨 30%

UNI 是 11 月 6 日至 7 日期间最大的赢家之一 — 上涨超过 35%，达到当地高点 9.58 美元 — 而 Lido DAO LDO

Major decentralized finance (DeFi) tokens rallied over 30% as traders expect the Trump administration to strengthen the “investment appeal” of holding “utility” tokens, an industry analyst has told Cointelegraph.

一位行业分析师告诉 Cointelegraph，由于交易员预计特朗普政府将增强持有“实用”代币的“投资吸引力”，主要去中心化金融（DeFi）代币上涨了 30% 以上。

UNI was among the biggest gainers on both Nov. 6 and 7 — surging over 35% to a local high of $9.58 — while Lido DAO (LDO), Ethena (ENA), AAVE and Maker (MKR) all increased well over 20% from their local lows to highs, CoinGecko data shows.

UNI 是 11 月 6 日至 7 日涨幅最大的股票之一，飙升超过 35%，达到 9.58 美元的局部高点，而 Lido DAO (LDO)、Ethena (ENA)、AAVE 和 Maker (MKR) 的涨幅均远超 20%。 CoinGecko 数据显示，它们从当地的低点到高点。

“Until recently, DeFi tokens have been largely labeled as ‘useless governance tokens,’ tokens which serve no value other than voting on protocol changes via governance voting rights,” explained Charlie Sherry, head of finance and cryptocurrency analyst at BTC Markets, in comments to Cointelegraph.

BTC Markets 财务和加密货币分析师主管 Charlie Sherry 在评论中解释道：“直到最近，DeFi 代币在很大程度上被贴上了‘无用的治理代币’的标签，这些代币除了通过治理投票权对协议变更进行投票之外没有任何价值。”到 Cointelegraph。

Sherry noted that such “value accrual mechanisms” haven’t been implemented because many DeFi protocols have feared enforcement action from the Securities and Exchange Commission (SEC), pointing to the SEC’s probe into Uniswap Labs as a textbook example.

Sherry 指出，这种“价值累积机制”尚未实施，因为许多 DeFi 协议担心美国证券交易委员会 (SEC) 采取执法行动，并指出 SEC 对 Uniswap Labs 的调查就是一个教科书般的例子。

However, with Donald Trump clinching the US presidency on Nov. 6 from Vice President Kamala Harris in a landslide victory, which could see a resignation from SEC Chair Gary Gensler as early as December or January, according to 10x Research, both of these together may have sparked a wave of “regulatory optimism,” Sherry said.

然而，根据 10x Research 的数据，随着唐纳德·特朗普 (Donald Trump) 于 11 月 6 日以压倒性胜利从副总统卡马拉·哈里斯 (Kamala Harris) 手中夺得美国总统宝座，美国证券交易委员会 (SEC) 主席加里·詹斯勒 (Gary Gensler) 最早可能在 12 月或 1 月辞职，这两者加在一起可能会雪莉说，这引发了一股“监管乐观情绪”。

Top performing tokens over the last 24 hours. Source: CoinGecko

过去 24 小时内表现最好的代币。来源：CoinGecko

Explaining the value accrual mechanism further, Sherry said lending and borrowing protocol Aave’s “fee switch” proposal would be a “significant step toward creating intrinsic value” for AAVE token holders.

Sherry 进一步解释了价值累积机制，表示借贷协议 Aave 的“费用转换”提案将是 AAVE 代币持有者“创造内在价值的重要一步”。

Similarly, Sherry noted a portion of fees from Uniswap’s new layer 2 Unichain will also flow to UNI tokenholders — “transforming UNI from a governance token into a utility asset and expanding its investment appeal.”

同样，Sherry 指出，Uniswap 新的第 2 层 Unichain 的部分费用也将流向 UNI 代币持有者——“将 UNI 从治理代币转变为实用资产，并扩大其投资吸引力。”

The DeFi protocols behind LIDO, ENA, MKR and Frax (FXS) could see similar “value-accruing” changes, too, Sherry pointed out.

Sherry 指出，LIDO、ENA、MKR 和 Frax (FXS) 背后的 DeFi 协议也可能会出现类似的“增值”变化。

Meanwhile, 10x Research’s head of research, Markus Thielen, says DeFi tokens likely rose because some traders adopted the “buy the laggard” strategy — which involves purchasing underperforming assets over the previous year that may become leaders the following year.

与此同时，10x Research 的研究主管 Markus Thielen 表示，DeFi 代币可能会上涨，因为一些交易者采取了“买入落后者”策略，即购买上一年表现不佳、下一年可能成为领先者的资产。

There is also speculation that BlackRock may promote its spot Ether (ETH) exchange-traded fund “more aggressively” in 2025, Thielen told Cointelegraph.

Thielen 告诉 Cointelegraph，还有猜测称贝莱德可能会在 2025 年“更积极地”推广其现货以太币 (ETH) 交易所交易基金。

Thielen said Ether could reach $3,000 should it successfully break above the $2,700 level.

Thielen 表示，如果以太币成功突破 2,700 美元，其价格可能会达到 3,000 美元。

Ether is currently trading at $2,845, up 8.5% over the last 24 hours.

以太坊目前交易价格为 2,845 美元，在过去 24 小时内上涨 8.5%。