Coinbase 钱包击败 SEC，美国国债代币化突破 10 亿美元，Memecoins 助推 Base 繁荣

欢迎回顾本周 DeFi 的重大进展。得益于贝莱德的新基金，超过 10 亿美元的美国国债现已被代币化。美国法官裁定 Coinbase 的自我托管钱包不构成经纪活动，这为 DeFi 赢得了胜利。在 memecoin 的热潮中，Coinbase 的 Base 平台的 TVL 在一个月内翻了一番。

Decentralized Finance Weekly: Tokenized Treasuries Soar Past $1 Billion, Coinbase Wallet Triumphs Over SEC, and Memecoins Fuel Base Platform's Growth

去中心化金融周刊：代币化国债飙升至 10 亿美元以上，Coinbase 钱包战胜 SEC，Memecoins 推动 Base 平台的增长

The world of decentralized finance (DeFi) continues to evolve at a rapid pace, with major developments unfolding across the blockchain ecosystem. This week's headlines have been dominated by the tokenization of real-world assets, a significant legal victory for DeFi, and the meteoric rise of memecoins on a layer-2 platform.

去中心化金融 (DeFi) 世界继续快速发展，区块链生态系统不断出现重大发展。本周的头条新闻主要是现实世界资产的代币化、DeFi 的重大法律胜利以及 memecoin 在第二层平台上的迅速崛起。

Tokenized Treasuries Hit $1 Billion Milestone

代币化国债突破 10 亿美元里程碑

The trend towards tokenization of real-world assets has gained significant momentum, with over $1 billion worth of United States Treasurys now tokenized and circulating on various blockchain networks, including Ethereum, Polygon, and Solana. This surge in tokenized Treasurys has been driven in part by the recent launch of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), which has attracted significant interest from institutional investors.

现实世界资产代币化的趋势已获得强劲势头，价值超过 10 亿美元的美国国债现已被代币化并在各种区块链网络上流通，包括以太坊、Polygon 和 Solana。代币化国债激增的部分原因是贝莱德最近推出的美元机构数字流动性基金（BUIDL），该基金吸引了机构投资者的浓厚兴趣。

The growth of tokenized Treasuries offers several potential benefits, such as increased accessibility to government securities for retail investors, improved liquidity, and reduced settlement times. As more traditional financial institutions embrace blockchain technology, we can expect the tokenization of real-world assets to continue to gain traction.

代币化国债的增长带来了一些潜在的好处，例如散户投资者更容易获得政府证券、提高流动性并缩短结算时间。随着越来越多的传统金融机构采用区块链技术，我们可以预期现实世界资产的代币化将继续受到关注。

Coinbase Wallet Wins Legal Battle Against SEC

Coinbase 钱包赢得了针对 SEC 的法律诉讼

In a significant setback for the United States Securities and Exchange Commission (SEC), a U.S. judge has ruled that Coinbase's self-custody crypto wallet does not constitute a broker. This decision is considered a major victory for DeFi proponents and a setback for the SEC's efforts to regulate the crypto industry.

一位美国法官裁定 Coinbase 的自我托管加密钱包不构成经纪人，这对美国证券交易委员会 (SEC) 来说是一个重大挫折。这一决定被认为是 DeFi 支持者的重大胜利，也是 SEC 监管加密行业努力的挫折。

The SEC had alleged that Coinbase Wallet was acting as an unregistered broker-dealer by offering crypto staking services to its users. However, the judge dismissed this claim, stating that the SEC had failed to sufficiently demonstrate that Coinbase Wallet was conducting brokerage activities.

SEC 指控 Coinbase Wallet 充当未注册的经纪交易商，向其用户提供加密货币质押服务。然而，法官驳回了这一说法，称 SEC 未能充分证明 Coinbase Wallet 正在进行经纪活动。

This ruling is a testament to the growing recognition of the decentralized nature of DeFi applications, which give users full control over their digital assets. The decision also provides a glimmer of hope for other DeFi projects that are facing regulatory uncertainty.

这一裁决证明了人们越来越认识到 DeFi 应用程序的去中心化性质，这让用户可以完全控制自己的数字资产。这一决定也为其他面临监管不确定性的 DeFi 项目带来了一线希望。

Memecoins Drive Base Platform's Skyrocketing Growth

Memecoins 推动基础平台的飞速增长

Coinbase's layer-2 platform, Base, has experienced a remarkable surge in activity, with its total value locked (TVL) doubling in just one month. This growth has been attributed to the influx of memecoin enthusiasts, who have been flocking to the platform to participate in the latest crypto craze.

Coinbase 的第 2 层平台 Base 的活动量显着激增，其总锁定价值 (TVL) 在短短一个月内翻了一番。这种增长归因于模因币爱好者的涌入，他们涌入该平台参与最新的加密货币热潮。

Base's TVL reached $1 billion in February, just six months after its launch. However, it took less than a month for the platform to double its TVL, reaching $2.13 billion in March. This rapid growth indicates that Base is becoming a popular destination for memecoin traders and investors.

Base 推出仅六个月后，2 月份的 TVL 就达到了 10 亿美元。然而，不到一个月的时间，该平台的 TVL 就翻了一番，3 月份达到 21.3 亿美元。这种快速增长表明 Base 正在成为 memecoin 交易者和投资者的热门目的地。

As the memecoin frenzy continues, we can expect Base to continue to benefit from the increased activity. The platform's user-friendly interface and low transaction fees make it an attractive option for memecoin traders.

随着模因币热潮的持续，我们预计 Base 将继续受益于活动的增加。该平台的用户友好界面和低廉的交易费用使其成为 memecoin 交易者的一个有吸引力的选择。

Other Notable Developments

其他值得注意的发展

• **Jupiter DEX Launches Native DAO with $137 Million in Initial Capital:** Solana-based decentralized exchange Jupiter has allocated $137 million to kick-start its Jupiter DAO, providing the community with significant resources to fund development and governance initiatives.
• DeFi Market Overview: The DeFi market experienced a bearish week, with most of the top 100 DeFi tokens trading in the red. However, the total value locked in DeFi protocols has risen back above $100 billion, indicating continued investor interest in the sector.

As the DeFi ecosystem continues to mature, we can expect to see further innovation and disruption in the financial industry. The tokenization of real-world assets, the increasing adoption of DeFi applications, and the growing influence of memecoins are just a few of the trends that are shaping the future of finance.

**Jupiter DEX 以 1.37 亿美元的初始资本推出 Native DAO：** 基于 Solana 的去中心化交易所 Jupiter 已拨款 1.37 亿美元启动其 Jupiter DAO，为社区提供重要资源来资助开发和治理计划。 DeFi 市场概述： DeFi 市场经历了悲观的一周，排名前 100 的 DeFi 代币大部分出现亏损。然而，DeFi 协议锁定的总价值已回升至 1000 亿美元以上，表明投资者对该行业的兴趣持续存在。随着 DeFi 生态系统的不断成熟，我们可以预期金融行业将出现进一步的创新和颠覆。现实世界资产的代币化、DeFi 应用程序的日益普及以及 memecoin 的影响力不断增强，这些只是塑造金融未来的几个趋势。