福布斯曝光“加密货币僵尸”：价值可疑的数十亿美元资产

福布斯公布了一份报告，将一组加密资产识别为“十亿美元僵尸”，凸显了加密货币市场固有的波动性。这些 Layer 1 (L1) 代币，包括 Ripple 的 XRP、Ethereum Classic 和 Cardano，估值很高，但除了投机交易之外的实用性有限，引发了人们对其可行性的担忧。

Forbes Unveils "Crypto Zombies": Billion-Dollar Assets with Questionable Utility

福布斯揭晓“加密货币僵尸”：实用性存疑的数十亿美元资产

Amidst the recent surge in speculative cryptocurrency investments, Forbes has released a comprehensive report that identifies a significant number of crypto assets as "billion-dollar zombies." These assets, primarily known as Layer 1 (L1) tokens, epitomize the inherent volatility of the cryptocurrency market. Their defining characteristic lies in their lofty valuations accorded by industry leaders, despite their limited utility beyond risky trading.

在最近投机性加密货币投资激增的情况下，《福布斯》发布了一份综合报告，将大量加密资产识别为“十亿美元僵尸”。这些资产主要称为第 1 层 (L1) 代币，体现了加密货币市场固有的波动性。它们的显着特征在于行业领导者给予的高估值，尽管它们除了风险交易之外的效用有限。

The Controversial List

有争议的名单

Forbes' list of crypto assets identified as "zombies" includes prominent names such as Ripple (XRP), Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA).

福布斯被认定为“僵尸”的加密资产名单包括 Ripple (XRP)、Ethereum Classic (ETC)、Tezos (XTZ)、Algorand (ALGO) 和 Cardano (ADA) 等知名名称。

Ripple: A Conspicuous Figure

瑞波币：一个引人注目的数字

Ripple Labs, the creator of the XRP token, emerged as a notable figure in the "crypto zombies" category. XRP has established a strong trading presence, boasting an active daily volume of nearly $2 billion. However, Forbes expresses skepticism about its broader purpose, arguing that XRP remains primarily a speculative asset with minimal tangible utility.

XRP 代币的创建者 Ripple Labs 成为“加密僵尸”类别中的知名人物。 XRP 已经建立了强大的交易地位，日活跃交易量接近 20 亿美元。然而，《福布斯》对其更广泛的用途表示怀疑，认为 XRP 主要仍然是一种投机资产，有形效用极小。

Escalating Concern

担忧不断升级

Ripple Labs and XRP are not isolated examples in this questionable category. Forbes' investigation revealed that a total of 50 blockchains, excluding Bitcoin (BTC) and Ethereum (ETH), currently trade at values exceeding $1 billion. Approximately 20 of these blockchains have been classified as "functional zombies," with a collective market value of $116 billion despite limited user bases.

Ripple Labs 和 XRP 并不是这个可疑类别中的孤立例子。福布斯的调查显示，除比特币（BTC）和以太坊（ETH）外，目前共有 50 个区块链的交易价值超过 10 亿美元。其中大约 20 个区块链被归类为“功能性僵尸”，尽管用户基础有限，但总市值仍高达 1160 亿美元。

Examples of "Functional Zombies"

“功能性僵尸”的例子

Forbes provides insightful examples of "functional zombies" within the cryptocurrency landscape.

福布斯提供了加密货币领域“功能性僵尸”的富有洞察力的例子。

• Ethereum Classic: Hailing as the original Ethereum chain, Ethereum Classic's market value stands at $4.6 billion. However, its fee earnings in 2023 amounted to a mere $41,000, raising questions about its operational viability.
• Tezos: Tezos, which raised a significant $230 million via its Initial Coin Offering (ICO) in 2017, boasts a market capitalization of $1.2 billion. However, its transaction fee earnings were a paltry $5,640 in February 2024 and $177,653 for the entire year of 2023.
• Algorand: Touted as an "Ethereum killer," Algorand has encountered challenges in gaining traction. With a market cap of $2 billion and a treasury of $500 million, it generated only $63,000 in blockchain transaction fees in 2023, casting doubt on its real-world adoption and utility.

Categorizing the "Zombies"

以太坊经典：以太坊经典被誉为原始以太坊链，其市值高达 46 亿美元。然而，其 2023 年的费用收入仅为 41,000 美元，引发了对其运营可行性的质疑。 Tezos：Tezos 在 2017 年通过首次代币发行 (ICO) 筹集了 2.3 亿美元，市值高达 12 亿美元。然而，2024 年 2 月其交易费收入仅为 5,640 美元，2023 年全年为 177,653 美元。 Algorand：被誉为“以太坊杀手”的 Algorand 在获得吸引力方面遇到了挑战。其市值为 20 亿美元，财务规模为 5 亿美元，但 2023 年仅产生 63,000 美元的区块链交易费用，令人对其现实世界的采用和实用性产生怀疑。 对“僵尸”进行分类

Forbes classifies the identified "crypto zombies" into two distinct categories: spin-offs and direct competitors.

福布斯将已识别的“加密货币僵尸”分为两个不同的类别：衍生品和直接竞争对手。

• Spin-Off Zombies: This category includes Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), Bitcoin SV (BSV), and Ethereum Classic. These assets emerged from disagreements among project developers regarding the governance and development direction of their parent chains. Such conflicts often result in hard forks, creating new networks with the same historical transaction data as their predecessors. Despite their market values often exceeding their real-world usage, these spin-offs have earned the "zombie" label.
• Direct Competitors: This category encompasses projects that sought to challenge the dominance of Bitcoin and Ethereum, such as Ripple, Tezos, Algorand, and others. While these projects boast impressive valuations, their utility and adoption have remained limited, leading to their classification as "zombies."

A Widening Disconnection

衍生僵尸：此类别包括比特币现金 (BCH)、莱特币 (LTC)、门罗币 (XMR)、比特币 SV (BSV) 和以太坊经典。这些资产是由于项目开发商对其母链的治理和发展方向存在分歧而产生的。此类冲突通常会导致硬分叉，从而创建具有与其前身相同的历史交易数据的新网络。尽管它们的市场价值经常超过其实际使用量，但这些衍生产品已经赢得了“僵尸”标签。 直接竞争对手：此类别包括试图挑战比特币和以太坊主导地位的项目，例如 Ripple、Tezos、Algorand、和别的。尽管这些项目拥有令人印象深刻的估值，但它们的实用性和采用率仍然有限，导致它们被归类为“僵尸”。

Forbes' report highlights a growing disparity between the valuations of many crypto projects and their tangible applications. This widening gap has earned these ambitious yet underutilized projects the unwelcome title of "zombies." As the total cryptocurrency market capitalization continues to fluctuate around $2.2 trillion, the discussion surrounding these "zombie" blockchains is likely to fuel ongoing debates about crypto utility and market volatility.

福布斯的报告强调了许多加密项目的估值与其实际应用之间的差距越来越大。这种不断扩大的差距为这些雄心勃勃但未得到充分利用的项目赢得了不受欢迎的“僵尸”称号。随着加密货币总市值继续在 2.2 万亿美元左右波动，围绕这些“僵尸”区块链的讨论可能会加剧有关加密货币实用性和市场波动性的持续争论。