特朗普第二任期，对支持加密货币政策的期望上升

代理、比特币 DeFi、DePIN、DeSci”

With the inauguration of U.S. President-elect Donald Trump just a week away, the virtual asset (cryptocurrency) market is showing short-term weakness. However, long-term optimism persists due to expectations that the U.S. will pursue pro-crypto policies. Experts believe that fields such as DeFAI (DeFi+AI, AI DeFi investment), Bitcoin DeFi, DePIN, and DeSci are likely to grow this year.

距离美国当选总统唐纳德·特朗普就职仅一周，虚拟资产（加密货币）市场出现短期疲软。然而，由于预期美国将推行支持加密货币的政策，长期乐观情绪依然存在。专家认为，DeFAI（DeFi+AI，AI DeFi 投资）、比特币 DeFi、DePIN、DeSci 等领域今年可能会出现增长。

The leading altcoin Ethereum (ETH) is trading at $3,163, down 2.18% from the previous day on the Binance USDT market as of 18:40 on the 13th (477,600 KRW on Upbit). Many altcoins have seen double-digit declines over the past week, giving back much of this year's gains.

截至 13 日 18:40，币安 USDT 市场上领先的山寨币以太坊（ETH）交易价格为 3,163 美元，较前一日下跌 2.18%（Upbit 为 477,600 韩元）。许多山寨币在过去一周出现了两位数的跌幅，回吐了今年的大部分涨幅。

At the same time, Bitcoin (BTC) dominance (the proportion of Bitcoin's market cap in the total virtual asset market cap) is rising at 58.41%, up from 56.78% on the 5th. The rise in dominance as Bitcoin's price falls suggests that the altcoin market may soon show weakness.

与此同时，比特币（BTC）的主导地位（比特币市值占虚拟资产总市值的比例）正在上升至58.41%，高于5日的56.78%。随着比特币价格下跌，主导地位的上升表明山寨币市场可能很快就会表现疲软。

"Bitcoin Surged 120% Last Year, Attracting Funds…Bitcoin DeFi Also Expected to Grow Rapidly"

《比特币去年暴涨120%，吸引资金……比特币DeFi也有望快速增长》

The amount of Bitcoin deposited in Layer 2 networks continues to increase. / Image=Bitcoin Layers

存入 Layer 2 网络的比特币数量持续增加。 / 图片=比特币层

First, there is an analysis that the possibility of significant growth in Bitcoin-based decentralized finance (DeFi) projects has increased following Bitcoin's sharp rise. Recently, Forbes Digital Assets predicted that "Bitcoin DeFi will be a major growth driver in the cryptocurrency market by 2025."

首先，有分析认为，随着比特币的大幅上涨，基于比特币的去中心化金融（DeFi）项目大幅增长的可能性增加。近日，《福布斯数字资产》预测“到 2025 年，比特币 DeFi 将成为加密货币市场的主要增长动力”。

In particular, the Bitcoin restaking platform Babylon Labs is gaining popularity by raising about 57,000 BTC. Several projects, including Babylon Labs, are set to issue tokens (TGE) within the first quarter, drawing more attention. Additionally, the total value locked (TVL) in Bitcoin DeFi, including Fractal Bitcoin (FB), BitLayer (BTR), BuildOnBitcoin (BOB), and Mezo (MEZO), is also growing significantly.

特别是，比特币重新抵押平台 Babylon Labs 通过筹集约 57,000 BTC 而越来越受欢迎。 Babylon Labs 等多个项目计划在第一季度发行代币（TGE），引起更多关注。此外，包括 Fractal Bitcoin (FB)、BitLayer (BTR)、BuildOnBitcoin (BOB) 和 Mezo (MEZO) 在内的比特币 DeFi 锁定总价值 (TVL) 也在显着增长。

Web3 consulting firm Dispred stated, "In the Bitcoin ecosystem, restaking projects like Babylon, Lombard, Solv (SOLV), Pstake (PSTAKE), and Bedrock are gaining popularity," adding, "In the long term, as service accessibility improves, the Runes and Ordinals (ORDI) ecosystems will regain attention."

Web3 咨询公司 Dispred 表示，“在比特币生态系统中，Babylon、Lombard、Solv (SOLV)、Pstake (PSTAKE) 和 Bedrock 等重新抵押项目越来越受欢迎，”并补充道，“从长远来看，随着服务可访问性的提高，符文和序数（ORDI）生态系统将重新受到关注。”

Meanwhile, restaking refers to the investment method of staking Bitcoin that has already been staked. Runes is a platform that helps users issue their own tokens (BRC-20) on the Bitcoin blockchain. Ordinals assists in issuing non-fungible tokens (NFTs) on the Bitcoin blockchain.

同时，重质押是指将已经质押的比特币进行质押的投资方式。 Runes 是一个帮助用户在比特币区块链上发行自己的代币（BRC-20）的平台。 Ordinals 协助在比特币区块链上发行不可替代代币（NFT）。

"Complex DeFi, Now AI Generates Profits…DeFAI on the Rise"

“复杂的 DeFi，现在人工智能产生利润……DeFAI 正在兴起”

Recently, DeFAI (DeFi+AI, AI DeFi investment) projects that utilize 'AI agents' for DeFi investment are on the rise. 'AI agent' refers to an artificial intelligence (AI) system that performs various tasks independently without human intervention. AI agents assist in managing investors' DeFi portfolios, staking, and liquidity. For example, if a user commands 'Invest a total of $500 in the liquidity pool offering the best current interest rate,' the AI agent executes it.

近期，利用“AI代理”进行DeFi投资的DeFAI（DeFi+AI，AI DeFi投资）项目正在兴起。 “AI代理”是指无需人工干预即可独立执行各种任务的人工智能（AI）系统。 AI 代理协助管理投资者的 DeFi 投资组合、质押和流动性。例如，如果用户命令“在提供当前最佳利率的流动性池中总共投资 500 美元”，AI 代理就会执行该命令。

Representative DeFAI Projects / Image=IOSG Ventures

DeFAI 代表项目 / 图片=IOSG Ventures

Representative DeFAI-related projects include ai16z (AI16Z), Velvet Unicorn (VU), and the representative AI agent of Virtual Protocol (VIRTUAL), aixbt (AIXBT). Cryptocurrency analyst Hitesh stated, "DeFAI's market cap is currently below $1 billion but is expected to grow to $10 billion in the coming months."

DeFAI相关的代表性项目有ai16z（AI16Z）、Velvet Unicorn（VU），以及虚拟协议（VIRTUAL）的代表性AI代理aixbt（AIXBT）。加密货币分析师 Hitesh 表示，“DeFAI 的市值目前低于 10 亿美元，但预计未来几个月将增长至 100 亿美元。”

"DePIN Reducing Infrastructure Costs, Expected to Grow 100-1000 Times Over the Next Decade"

“DePIN降低基础设施成本，预计未来十年增长100-1000倍”

Decentralized physical infrastructure projects (DePIN) are also expected to show steep growth. DePIN is evaluated as being able to significantly reduce various infrastructure costs using Web3 technology.

去中心化物理基础设施项目（DePIN）预计也将呈现急剧增长。 DePIN被评估为能够使用Web3技术显着降低各种基础设施成本。

Classification of Major DePIN Projects / Image=Messari Report

主要 DePIN 项目分类 / 图片=Messari Report

Cryptocurrency analysis firm Messari recently reported, "The final market size of DePIN is expected to approach $1 trillion, but it currently occupies less than 0.1% of the future market value," adding, "DePIN is just beginning, with the potential to grow 100 to 1000 times over the next decade." According to the report, there were over 350 projects in the DePIN market as of last year, with a market cap of about $50 billion.

加密货币分析公司 Messari 最近报告称，“DePIN 的最终市场规模预计接近 1 万亿美元，但目前仅占未来市场价值的不到 0.1%”，并补充道，“DePIN 才刚刚开始，有潜力增长 100未来十年将增长 1000 倍。”报告显示，截至去年，DePIN市场上有超过350个项目，市值约500亿美元。

Messari analyzed that Helium (HNT), Dawn Protocol (DAWN), Filecoin (FIL), Ionet (IO), Daylight (GRID), Glow (GLOW), Worldcoin (WLD), and Animal (ANML) are leading De

Messari 分析称，Helium (HNT)、Dawn Protocol (DAWN)、Filecoin (FIL)、Ionet (IO)、Daylight (GRID)、Glow (GLOW)、Worldcoin (WLD) 和 Animal (ANML) 是领先的 De