NYM（NYM）底漆

NYM（NYM）是一种开源，激励和分散的物理基础架构（DEPIN）协议，可在任何应用程序的网络级别保护隐私

Nym, an open-source protocol that provides privacy at the network level for any application, wallet, or digital service, is deploying a physical infrastructure (DePIN) protocol with an in-built privacy token. It is an unclaimed part of the internet's technology stack.

Nym是一种开源协议，在网络级别提供任何应用程序，钱包或数字服务的隐私正在部署具有内置隐私令牌的物理基础结构（DEPIN）协议。这是互联网技术堆栈中无人认领的一部分。

The protocol is used to build a private and decentralized network on any public chain. It can be used to build anything from DeFi protocols to messaging apps. The protocol is also modular, allowing developers to choose the components that best suit their needs.

该协议用于在任何公共链上建立私人和分散的网络。它可用于构建从DEFI协议到消息传递应用程序的任何内容。该协议也是模块化的，使开发人员可以选择最适合其需求的组件。

Nym is a mixnet that provides protection against traffic pattern analysis and metadata surveillance. It is a tool that enables private end-to-end internet communication between users and the web with strong legal and technical metadata protections. In addition, Nym is building a proprietary application on top of the mixnet, which is a VPN service. As such, it is not exclusive to blockchain-related activities.

NYM是一款混合网，可保护交通模式分析和元数据监视。它是一种工具，可以通过强大的法律和技术元数据保护来实现用户与网络之间的私人端到端互联网通信。此外，NYM还在Mixnet上构建专有应用，即VPN服务。因此，它不是区块链相关的活动所独有的。

The NYM token serves the following functions for the Nym mixnet and the underlying appchain:

NYM令牌为NYM混合网和基础appchain提供以下功能：

The token and the appchain blockchain serve the economic function of the NYM mixnet, the DePIN protocol responsible for private communication.

代币和Appchain区块链发挥了负责私人通信的Depin协议Nym Mixnet的经济功能。

This quarter, NYM’s price bounced back up after a steady decline in Q2 and Q3. NYM price increased 32% QoQ from $0.08 to $0.10. The market cap also grew 32% QoQ, closing at $84 million. NYM was initially distributed as a native Cosmos ICS-20 token and an ERC-20 token, which were bridged to Ethereum via Gravity Bridge for Coinlist users. At the end of Q4, the ERC-20 NYM supply stood at 120 million, or 15% of the total 807 million circulating supply.

本季度，NYM的价格在第2季度和第三季度稳步下降后反弹。 NYM价格从0.08美元增加到32％的QOQ。市值也增长了32％的QOQ，收盘价为8400万美元。 NYM最初是作为本机Cosmos ICS-20代币和ERC-20代币分布的，它们通过重力桥桥接到以太坊，用于共同列表用户。在第四季度结束时，ERC-20 NYM供应量为1.2亿，占807亿个循环供应的15％。

Ethereum ERC-20 NYM can be bridged to native Cosmos NYM through centralized exchanges such as OKX and bridges such as Gravity Bridge.

Ethereum Erc-20 Nym可以通过集中式交换（例如重力桥）将其桥接到天然Cosmos Nym中。

Last quarter, Nym Technologies released an NYM Swapper app that allows the exchange of NYM tokens between the native Cosmos-based app chain and Ethereum’s ERC-20 tokens via MetaMask and Keplr wallets. This tool simplifies the bridging process and allows users to easily stake tokens on Nym nodes for rewards and manage delegations across the two blockchain ecosystems.

上个季度，NYM Technologies发布了一个NYM Swapper应用程序，该应用程序允许通过MetAmask和Keplr Wallets在基于天然宇宙的应用程序链和以太坊的ERC-20代币之间交换NYM令牌。该工具简化了桥接过程，并允许用户轻松地将令牌放在NYM节点上以获得奖励，并在两个区块链生态系统中管理代表团。

The protocol provides incentives for operators (who run Nym Nodes or Nyx validator nodes) and those who delegate to these nodes to bootstrap the network and maintain its security.

该协议为运营商（运行NYM节点或NYX验证器节点）和将这些节点委派的人提供激励措施，以引导网络并保持其安全性。

The protocol provides incentives for operators (who run Nym Nodes or the Nyx validator nodes) and those who delegate to these nodes to bootstrap the network and maintain its security.

该协议为运营商（运行NYM节点或NYX验证器节点）和将这些节点委派的人提供激励措施，以引导网络并保持其安全性。

The protocol provides incentives for operators (who run Nym Nodes or the Nyx validator nodes) and those who delegate to these nodes to bootstrap the network and maintain its security.

该协议为运营商（运行NYM节点或NYX验证器节点）和将这些节点委派的人提供激励措施，以引导网络并保持其安全性。

The Nym network is supported by a decentralized and permissionless network of mixing nodes known as mix nodes. The network uses a client-server architecture and is not P2P to enable end-users to use the network without necessarily running a node. The primary purpose of mix nodes is to route and mix traffic through the mixnet securely.

NYM网络由分散且无许可的混合节点网络支持，称为混合节点。该网络使用客户端服务器体系结构，并且不是P2P来使最终用户可以使用网络而无需运行节点。混合节点的主要目的是牢固地通过混合网路线并混合流量。

The network selects 120 gateway nodes and 120 mix nodes to be active in each epoch to optimize reward distribution and system efficiency. The number of active nodes can scale with demand, and the parameter can be adjusted through governance (although the Nymtech team initially set it). The selection of active nodes happens once per hour, and the topology changes continuously to ensure that unreliable or poorly performing nodes are removed from the network. The selection is fully decentralized and is based on a mix node's reputation (measured by its total stake in NYM tokens) and performance.

该网络选择120个网关节点和120个混合节点在每个时期内都活跃，以优化奖励分布和系统效率。活动节点的数量可以随需求而扩展，并且可以通过治理来调整参数（尽管Nymtech团队最初设定了它）。活性节点的选择每小时发生一次，拓扑会不断变化，以确保从网络中删除不可靠或性能不佳的节点。选择是完全分散的，并且基于混合节点的声誉（以其在NYM代币中的总股份来衡量）和性能。

At the end of Q4, the total NYM delegated to mix nodes reached 208 million NYM, up 5% QoQ. In USD, delegated NYM rose from $15.7 million to $21.8 million, an increase of 38% QoQ. NYM holders can delegate directly through the Nym explorer with familiar Cosmos tools like the Keplr browser/mobile wallet or the Nym native wallet.

在第四季度结束时，NYM的总授权将节点混合到了2.08亿NYM，QOQ上涨了5％。在美元中，NYM委派从1570万美元上升到2180万美元，增长了38％的QOQ。 NYM持有人可以使用熟悉的宇宙工具（例如Keplr浏览器/移动钱包或Nym Native Wallet）直接通过NYM Explorer委派。

In November, Nym initiated a $1 million token buyback ahead of the NymVPN launch. The buyback aimed to reduce token oversupply, which contributes to downward price pressure, and strengthen the Nym treasury. Over the course of a month, Nym repurchased over 10 million NYM tokens, which were then used to fund core goals. The acquired assets were directed toward advancing key initiatives, focusing on continuing network development, forging strategic partnerships, and expanding community programs.

11月，NYM在NYMVPN发布之前发起了100万美元的代币回购。回购旨在减少代币过度供应，这导致了下降的价格压力，并加强了NYM财政部。在一个月的整个过程中，Nym回购了超过1000万个NYM令牌，然后将其用于资助核心目标。收购的资产致力于推进关键举措，专注于持续网络开发，建立战略伙伴关系和扩大社区计划。

This installment of the Close Up series provides a detailed analysis of the Nym ecosystem in Q4’24, examining the protocol’s economic activity, highlighting key performance metrics, and exploring recent developments within the broader community.

特写系列的这一部分提供了对Q4'24中NYM生态系统的详细分析，研究了协议的经济活动，突出了关键的绩效指标，并探讨了更广泛的社区内的最新发展。

In November,

11月，