Uniswap、Aave 和 Sei 今天股价飙升。这就是为什么

唐纳德·特朗普 (Donald Trump) 在 2024 年大选中对卡马拉·哈里斯 (Kamala Harris) 的决定性胜利是大多数加密货币今天走高的关键原因。

Donald Trump's decisive win over Kamala Harris in the 2024 election is the key reason most cryptocurrencies are heading higher today. As of 3:15 p.m. ET, the entire crypto market has surged 11.2%, which is more than a meaningful move -- it's an incredible daily move that's rarely seen, even in this asset class.

唐纳德·特朗普 (Donald Trump) 在 2024 年大选中对卡马拉·哈里斯 (Kamala Harris) 的决定性胜利是大多数加密货币今天走高的关键原因。截至美国东部时间下午 3:15，整个加密货币市场已飙升 11.2%，这不仅仅是一个有意义的举动 - 这是一个令人难以置信的日常走势，即使在这一资产类别中也很少见。

However, as is the case with any marketwide rally, some tokens are performing better than others. Uniswap (UNI 24.91%), Aave (AAVE 21.65%), and Sei (SEI 14.53%) are among today's leading tokens in terms of daily gains, surging 32.3%, 26.9%, and 15.3%, respectively, over that same time frame.

然而，与任何市场反弹的情况一样，某些代币的表现优于其他代币。 Uniswap (UNI 24.91%)、Aave (AAVE 21.65%) 和 Sei (SEI 14.53%) 是当今每日涨幅领先的代币，在同一时间段内分别飙升 32.3%、26.9% 和 15.3% 。

There's a key fundamental reason for this move. Let's dive into what's driving buying activity in these decentralized exchange and trading-related cryptocurrencies today.

此举有一个关键的根本原因。今天让我们深入探讨一下推动这些去中心化交易所和交易相关加密货币购买活动的因素。

Crypto trading activity expected to take off

加密货币交易活动预计将起飞

Uniswap is among the largest decentralized exchanges in the world. Aave is a leading decentralized finance protocol enabling borrowing and lending in the world of digital assets. And Sei is a leading layer-1 crypto project that has been purpose-built to allow decentralized exchanges to operate with greater functionality and improved performance.

Uniswap 是世界上最大的去中心化交易所之一。 Aave 是领先的去中心化金融协议，可在数字资产领域实现借贷。 Sei 是一个领先的第 1 层加密项目，专门用于允许去中心化交易所以更强大的功能和更高的性能运行。

Thus, a surge of capital inflows into the world of crypto should disproportionately benefit these three projects. The thesis is really that simple.

因此，流入加密世界的资本激增应该会给这三个项目带来不成比例的好处。论文其实就是这么简单。

As crypto prices trend higher, investors can expect fees tied to transaction activity to surge. That's generally because crypto transaction volumes are highly correlated with price movements -- as prices trend higher, transaction activity tends to pick up as the investing herd looks to capitalize on what appear to be easy-to-capture gains.

随着加密货币价格走高，投资者预计与交易活动相关的费用将大幅上涨。这通常是因为加密货币交易量与价格走势高度相关——随着价格走高，交易活动往往会增加，因为投资群体希望利用看似容易获得的收益。

So, indications that a pro-crypto Trump presidency could result in less (or more favorable) regulation for this sector and allow for more widespread adoption and trading of various tokens is certainly bullish for projects that earn their bread facilitating transactions, or providing the infrastructure to do so. These three projects clearly have a lot to gain from both sustainably rising prices in the crypto world and the associated increase in transaction activity that can be expected to follow.

因此，有迹象表明，支持加密货币的特朗普总统任期可能会导致对该行业的监管减少（或更有利），并允许更广泛地采用和交易各种代币，这对于那些通过促进交易或提供基础设施谋生的项目来说无疑是利多的这样做。这三个项目显然可以从加密货币世界的持续上涨的价格以及预计随之而来的交易活动的相关增加中获益匪浅。

As their relative moats grow compared to other crypto projects, investors appear to be banking that higher revenues from transaction fees should translate into greater token burn rates and higher valuations as more investors look to take a "picks-and-shovels" approach to this melt-up.

与其他加密货币项目相比，随着它们的相对护城河不断增长，投资者似乎认为，随着越来越多的投资者希望采取“镐和铲”的方式来解决这种融化问题，交易费带来的更高收入应该会转化为更高的代币销毁率和更高的估值。 -向上。

Can the melt-up continue?

熔涨还能继续吗？

Today's incredible performance seen in Uniswap, Aave, and Sei really is an outlier. Among top cryptocurrencies, these three projects tend to be some of the more stable tokens I have on my watch list. That's on a relative basis -- the crypto sector is wildly volatile, as many investors are well aware. But I wouldn't be surprised to see some sort of reversion trade take place in the coming days, where some investors take some cream off the top and begin taking profits. We'll see.

今天 Uniswap、Aave 和 Sei 令人难以置信的表现确实是一个异常值。在顶级加密货币中，这三个项目往往是我观察名单上的一些更稳定的代币。这是相对而言的——正如许多投资者都清楚的那样，加密货币行业波动剧烈。但如果未来几天出现某种回归交易，一些投资者会从中获利并开始获利了结，我不会感到惊讶。我们拭目以待。

For now, investors looking for ways to play a surge in on-chain trading activity do have three great options to consider in this space. These are three crypto projects I do think are building the foundation for decentralized trading to become more mainstream. If investors do flock toward blockchain-based solutions for trading blockchain projects (a thesis that certainly makes sense), this recent momentum could certainly continue. That said, this move has been notable, so I'll be watching for any sort of selling pressure in the coming weeks to materialize, and my base case is that a "sell the news" trade could form after peak euphoria dies down.

目前，寻求如何推动链上交易活动激增的投资者在这个领域确实可以考虑三个不错的选择。我确实认为这三个加密项目正在为去中心化交易变得更加主流奠定基础。如果投资者确实涌向基于区块链的解决方案来交易区块链项目（这一论点当然有道理），那么最近的势头肯定会持续下去。也就是说，这一举动值得注意，所以我将关注未来几周内是否会出现任何形式的抛售压力，我的基本情况是，在高峰兴奋消退后，可能会形成“卖出新闻”交易。