Uniswap 实验室提高费用，BTC 未能吸引避险资金

分析 Uniswap 费用。 4 月份，Uniswap Labs 将通过其界面进行的交易费用提高了 10 个基本因素，达到 0.25%。

Information Factors

信息因素

* Uniswap Labs (UNI) elevated the charges it expenses for trades made by means of its interface by 10 foundation factors to 0.25% in April. For probably the most half, the price hike had a detrimental impression on volumes to date.

* Uniswap Labs (UNI) 4 月份将通过其界面进行的交易费用提高了 10 个基本因素，达到 0.25%。可能在大多数情况下，价格上涨对迄今为止的销量产生了不利影响。

* Volumes fell throughout all swimming pools because the announcement, aside from its lowest price tier, which expenses 0.01%. This swimming pools quantity elevated by almost 150% on April 17.

* 由于该公告的发布，所有游泳池的销量均出现下降，除了最低价格层（其费用为 0.01%）之外。 4月17日，该泳池数量增加了近150%。

* The developer behind the decentralised change introduced on April 10 that it acquired a Wells discover from the US Securities and Alternate Fee. This marks the newest motion by the regulator as it seems to clamp down on the crypto trade.

* 去中心化变革背后的开发商于 4 月 10 日宣布，其从美国证券和替代费用公司收购了 Wells 发现。这标志着监管机构的最新动议，因为它似乎正在压制加密货币交易。

* Competitors for offshore markets heats up

* 离岸市场的竞争加剧

Over the previous 12 months, offshore markets have grow to be much less concentrated, with smaller exchanges gaining momentum as commerce volumes recovered. This pattern was notably seen within the Bitcoin markets, the place Binance confronted elevated competitors following the removing of its large-scale Bitcoin zero-fee promotion final 12 months.

在过去的 12 个月中，离岸市场的集中度已经大大降低，随着贸易量的恢复，规模较小的交易所也获得了发展势头。这种模式在比特币市场中尤为明显，在过去 12 个月取消大规模比特币零费用促销后，币安面临着越来越多的竞争对手。

Binance’s BTC market share at the moment stands at roughly 55%, down from over 80% a 12 months in the past. Bybit, which launched its spot buying and selling platform in 2022, noticed the strongest enhance in market share this 12 months, rising from 2% to 9.3%. OKX’s market share additionally jumped to 7.3% from 3% a 12 months in the past. Bullish, MEXC, and Bithumb additionally noticed vital will increase.

目前币安的 BTC 市场份额约为 55%，低于过去 12 个月的 80% 以上。 Bybit 于 2022 年推出现货买卖平台，市场份额出现近 12 个月来最强劲的增长，从 2% 上升至 9.3%。 OKX 的市场份额也从 12 个月前的 3% 跃升至 7.3%。看涨的 MEXC 和 Bithumb 也注意到活力将增加。

An analogous, albeit much less pronounced, pattern is noticed within the altcoin markets, the place Binance’s share of the highest 30 altcoins has decreased from 58% to 50%. Bybit was once more among the many foremost winners, with its market share growing from 3% to eight%.

在山寨币市场中也出现了类似的模式，尽管不太明显，币安在前 30 种山寨币中的份额已从 58% 下降至 50%。 Bybit 再次跻身最重要的赢家之列，其市场份额从 3% 增长至 8%。

BTC fails to draw safe-haven flows

BTC未能吸引避险资金流

The current escalation of battle within the Center East has led to an elevated demand for safe-haven property. Nonetheless, Bitcoin has not benefited from this pattern, with its worth dropping by 6% in April, whereas gold and the US Greenback have rallied.

目前中东地区战事的升级导致对避险房产的需求增加。尽管如此，比特币并没有从这种模式中受益，其价格在 4 月份下跌了 6%，而黄金和美元却有所上涨。

One attainable purpose for this may very well be the BTC halving, which has traditionally led to elevated volatility within the quick time period. Nonetheless, there are various different components at play, as evidenced by Bitcoin’s efficiency following different main market occasions. For instance, Bitcoin surged after the US banking disaster and Russia’s invasion of Ukraine however remained largely unchanged after the Hamas assault on Israel.

这样做的一个可实现的目标很可能是比特币减半，这通常会导致短期内波动性加剧。尽管如此，还是有各种不同的因素在发挥作用，比特币在不同主要市场情况下的表现就证明了这一点。例如，比特币在美国银行业灾难和俄罗斯入侵乌克兰后飙升，但在哈马斯袭击以色列后基本保持不变。

It’s necessary to notice that Bitcoin’s efficiency varies considerably relative to totally different fiat currencies, and its attraction as a safe-haven asset differs between nations. Historically, foreign money devaluation has been a big driver of crypto adoption.

需要注意的是，比特币的性能相对于不同的法定货币存在很大差异，其作为避险资产的吸引力在不同国家也有所不同。从历史上看，外国货币贬值一直是加密货币采用的一大推动力。

This 12 months, BTC has surged between 60% and 100% towards a number of the world’s worst-performing fiat currencies, such because the Turkish Lira (TRY), Argentinian Peso (ARS), and Nigerian Naira (NGN), in comparison with a 46% rise towards the US Greenback.

过去 12 个月，BTC 与世界上表现最差的一些法定货币相比，上涨了 60% 至 100%，例如土耳其里拉 (TRY)、阿根廷比索 (ARS) 和尼日利亚奈拉 (NGN)。美元兑美元汇率上涨 46%。

Escalating geopolitical tensions, rising vitality costs, and diverging financial insurance policies may probably increase FX volatility within the coming months.

地缘政治紧张局势升级、能源成本上升以及金融保险政策的分歧可能会在未来几个月内增加外汇波动性。