哈希流 (HFT) Q2'24

在 24 年第二季度，Hashflow 实施了费用转换，只有当 Hashflow 的价格明显优于其他选项时才会收取费用。重要的金额以及其中的多少仍在优化和迭代中。

Hashflow (HFT) Q2’24 Performance Analysis

哈希流 (HFT) Q2'24 性能分析

Key Metrics Overview

关键指标概述

Hashflow’s daily average trading volume increased 8% QoQ from $14.6 million to $15.7 million in Q2’24. This growth was primarily driven by Arbitrum, Optimism, and Avalanche, which saw 74%, 153%, and 23% QoQ increases, respectively, in daily average volume. Hashflow’s Ethereum volumes fell 11% QoQ from $10.9 million to $9.7 million.

Hashflow 的日均交易量环比增长 8%，从 2024 年第二季度的 1,460 万美元增至 1,570 万美元。这一增长主要由 Arbitrum、Optimism 和 Avalanche 推动，它们的日均交易量分别环比增长 74%、153% 和 23%。 Hashflow 的以太坊交易量环比下降 11%，从 1090 万美元降至 970 万美元。

The average number of contracts transacting with Hashflow fell from 130 in Q1 to 118 in Q2 (down 10% QoQ). This includes native users and aggregation routers that use Hashflow, but it excludes EOAs that interact with an aggregator directly instead of Hashflow.

通过 Hashflow 交易的合约平均数量从第一季度的 130 个下降到第二季度的 118 个（环比下降 10%）。这包括使用 Hashflow 的本机用户和聚合路由器，但不包括直接与聚合器而不是 Hashflow 交互的 EOA。

Average daily active addresses increased 15% QoQ from 778 to 895, while average daily new addresses increased 23% QoQ from 263 to 323. This was the first QoQ increase for both metrics since Q3’23.

平均每日活跃地址环比增长 15%，从 778 个增至 895 个，而平均每日新地址环比增长 23%，从 263 个增至 323 个。这是自 23 年第三季度以来这两个指标首次环比增长。

The average number of transactions per day increased by 71% from 1,900 to 3,200 in Q2. Arbitrum and Optimism accounted for 68% of trades on Hashflow in Q2.

第二季度日均交易笔数从 1,900 笔增加到 3,200 笔，增长 71%。第二季度，Arbitrum 和 Optimism 占 Hashflow 交易量的 68%。

HFT’s circulating market cap decreased 50% QoQ from $168.4 million to $84 million in Q2’24. Despite this drop in market cap, HFT holders increased 2% QoQ from 13,000 to 13,300. HFT was also bridged to Arbitrum in June, making it more accessible for users.

HFT 的流通市值环比下降 50%，从 2024 年第二季度的 1.684 亿美元降至 8400 万美元。尽管市值下降，HFT 持有者环比增加了 2%，从 13,000 人增加到 13,300 人。 HFT 还于 6 月桥接到 Arbitrum，使用户更容易使用。

12 million HFT was staked by Q2’24 end, up 59% QoQ from 7.5 million. Of this, 6.8 million HFT was staked for a period longer than six months (180+ days), representing 57% of all HFT staked.

到 2024 年第二季度末，HFT 质押量为 1,200 万，比上一季度的 750 万增加了 59%。其中，680 万枚 HFT 的质押时间超过六个月（180 天以上），占所有 HFT 质押的 57%。

Key Metrics Deep Dive

关键指标深入探讨

Product Usage

产品用途

Hashflow’s daily average trading volume increased 8% QoQ from $14.6 million to $15.7 million in Q2’24. This growth was primarily driven by Arbitrum, Optimism, and Avalanche, which saw 74%, 153%, and 23% QoQ increases, respectively, in daily average volume. Hashflow’s Ethereum volumes fell 11% QoQ from $10.9 million to $9.7 million.

Hashflow 的日均交易量环比增长 8%，从 2024 年第二季度的 1,460 万美元增至 1,570 万美元。这一增长主要由 Arbitrum、Optimism 和 Avalanche 推动，它们的日均交易量分别环比增长 74%、153% 和 23%。 Hashflow 的以太坊交易量环比下降 11%，从 1090 万美元降至 970 万美元。

With Ethereum’s scaling roadmap primarily focused on L2 scaling, the gradual shift of trading volume from L1s to L2s is expected. Each deployment’s share of trading volume on Hashflow in Q2 was as follows:

由于以太坊的扩容路线图主要集中在 L2 扩容上，预计交易量将逐渐从 L1 转移到 L2。第二季度每个部署在 Hashflow 上的交易量份额如下：

Arbitrum: 34%

决策：34%

Optimism: 20%

乐观度：20%

Avalanche: 15%

雪崩：15%

Ethereum: 13%

以太坊：13%

BNB: 11%

币安币：11%

Solana: 6%

索拉纳：6%

Polygon: 1%

多边形：1%

The number of daily active users (DAUs) measures how many externally owned accounts (EOAs) initiate transactions that get routed to Hashflow or use Hashflow directly. However, this report measures the number of direct contract interactions with Hashflow, not necessarily how many end users (i.e., EOAs) are driving those transactions. We count “Sources” to be native users and aggregation routers that use Hashflow, thus excluding EOAs that interact with an aggregator directly instead of Hashflow.

每日活跃用户 (DAU) 数量衡量有多少外部账户 (EOA) 发起路由到 Hashflow 或直接使用 Hashflow 的交易。然而，该报告衡量的是与 Hashflow 的直接合约交互数量，而不一定是有多少最终用户（即 EOA）正在推动这些交易。我们将“源”视为使用 Hashflow 的本机用户和聚合路由器，从而排除直接与聚合器交互而不是与 Hashflow 交互的 EOA。

The average number of contracts transacting with Hashflow fell from 130 in Q1 to 118 in Q2 (down 10% QoQ). This includes native users and aggregation routers that use Hashflow, but it excludes EOAs that interact with an aggregator directly instead of Hashflow.

通过 Hashflow 交易的合约平均数量从第一季度的 130 个下降到第二季度的 118 个（环比下降 10%）。这包括使用 Hashflow 的本机用户和聚合路由器，但不包括直接与聚合器而不是 Hashflow 交互的 EOA。

Hashflow is positioning to compete for the best price execution, enabling its architecture and market makers to show the best price. This strategy favors winning the end consumer, where customer and volume acquisition can be more costly with very uncertain lifetime value.

Hashflow 的定位是争夺最佳价格执行，使其架构和做市商能够展示最佳价格。这种策略有利于赢得最终消费者，因为客户和销量的获取成本可能更高，而且终身价值非常不确定。

As for the raw number of traders interacting with Hashflow contracts (EOAs included), there was impressive growth in Q2. Average daily active addresses increased 15% QoQ from 778 to 895, while average daily new addresses increased 23% QoQ from 263 to 323. This was the first QoQ increase for both metrics since Q3’23.

至于与 Hashflow 合约（包括 EOA）交互的交易者的原始数量，第二季度出现了令人印象深刻的增长。平均每日活跃地址环比增长 15%，从 778 个增至 895 个，而平均每日新地址环比增长 23%，从 263 个增至 323 个。这是自 23 年第三季度以来这两个指标首次环比增长。

The average number of transactions per day increased by 71% from 1,900 to 3,200 in Q2. Similarly to trading volume, the majority of this growth occurred on L2s.

第二季度日均交易笔数从 1,900 笔增加到 3,200 笔，增长 71%。与交易量类似，大部分增长发生在 L2 上。