炒作的18％下降，NFT悄悄地士兵通过

Hyperliquid的本地令牌炒作面临急剧下降，价值下降了18％。

Hyperliquid’s [HYPE] token may have taken an 18% hit this week, but the NFT market tied to the protocol seems unfazed — or perhaps just uninterested.

Hyperliquid的[Hype]代币本周可能遭受了18％的命中，但与该协议相关的NFT市场似乎并不感到不感兴趣，或者也许不感兴趣。

A glance at the stats reveals that only 1.5% of users are currently bridging to the Ethereum Virtual Machine (EVM) ecosystem. This slow adoption rate has limited liquidity and sluggishly drives up the potential demand for NFTs.

一瞥这些统计数据表明，目前只有1.5％的用户正在桥接以太坊虚拟机（EVM）生态系统。这种缓慢的采用率有限的流动性，并慢慢地推动了对NFT的潜在需求。

Despite this, Hyperliquid’s NFT collections appear to be holding their own. Two of the most notable projects, Hypers and Mechacats, have seen consistent trading activity and appear to be weathering the broader market turbulence.

尽管如此，Hyplliquid的NFT收藏似乎仍在持有。最著名的两个项目，即Hypers和Mechacats，已经看到了持续的交易活动，并且似乎正在风化更广泛的市场动荡。

These NFT projects are slowly gaining ground, with Hypers boasting a total volume of 77,146 and Mechacats at 25,720.

这些NFT项目正在缓慢上升，Hypers的总体积为77,146，Mechacats为25,720。

These figures highlight the relative liquidity constraints within the Hyperliquid ecosystem compared to larger DeFi protocols or centralized exchanges.

这些数字与较大的DEFI协议或集中式交换相比，强调了超流动生态系统内的相对流动性约束。

However, considering the small percentage of users engaging with EVM, the existing liquidity is being distributed towards NFTs, especially when compared to fungible tokens.

但是，考虑到与EVM互动的用户的一小部分，现有的流动性正在向NFTS分发，尤其是与可及的令牌相比。

This indicates that demand for NFTs is still largely speculative, driven by traders seeking short-term price appreciation.

这表明对NFTS的需求仍然很大程度上是投机性的，这是由于寻求短期价格升值的商人所驱动的。

Moreover, broader NFT adoption seems to be slowing down as many traders are pivoting towards fungible tokens, such as HYPE, which has seen significant price action in recent months.

此外，由于许多交易者正在旋转可及时的代币，例如Hype，近几个月来，更广泛的NFT采用似乎正在放慢速度。

Unless Hyperliquid manages to integrate NFTs more deeply into its ecosystem and incentivize users to bridge, these projects might face difficulties in expanding further.

除非超流利设法将NFT更深入地集成到其生态系统中并激励用户桥接，否则这些项目可能会面临进一步扩展的困难。

These projects appear to be reaching a plateau, and if the user base isn’t growing at a meaningful pace, demand for NFTs will struggle to gain momentum.

这些项目似乎达到了高原，如果用户群没有以有意义的速度增长，那么对NFTS的需求将难以获得势头。