资深公共连锁卡达诺似乎总是有一个内置的增益

通过加密货币市场的跌宕起伏，这位资深的公共连锁店Cardano似乎总是具有内置的增益，表现出色。

Through the ups and downs of the cryptocurrency market, the veteran public chain Cardano has always seemed to have a built-in BUFF, performing exceptionally well. In this cycle, Cardano's veterans have been revitalized, anchoring the Bitcoin L2 narrative, and recently have frequently made headlines as a U.S. crypto reserve asset, ETF application target, and a popular choice for institutional allocation, significantly increasing its presence.

通过加密货币市场的跌宕起伏，这位资深的公共连锁店Cardano似乎一直具有内置的增益，表现出色。在这个周期中，Cardano的退伍军人振兴了，锚定了比特币L2的叙述，最近经常成为美国加密储备资产，ETF应用程序目标，并且是机构分配的流行选择，并大大提高了其存在。

Ecological indicators crushed, policy BUFF fully loaded accused of being a relationship asset

生态指标被压碎，政策爱好者满载被指控为关系资产

On March 2, Trump announced that his digital asset executive order directs the presidential task force to advance a cryptocurrency strategic reserve that includes BTC, ETH, XRP, SOL, and ADA. However, this news was not entirely unexpected. At the end of January this year, Ripple CEO Garlinghouse confirmed that he had discussed the possibility of making XRP a U.S. strategic reserve asset with Trump, emphasizing the need to ensure diversification of reserves. It appears that this game had already begun to be laid out.

3月2日，特朗普宣布，他的数字资产行政命令指示总统特遣队推进包括BTC，ETH，XRP，SOL和ADA在内的加密货币战略储备。但是，这个消息并不完全出乎意料。在今年1月底，Ripple首席执行官Garlinghouse证实，他已经讨论了将XRP与特朗普成为美国战略储备资产的可能性，并强调了确保储备金多样化的必要性。看来该游戏已经开始布局。

Stimulated by this news, the crypto market "revived" overnight. Among them, Cardano's ADA performed particularly well, with CoinGecko data showing a maximum increase of over 78.1% within 24 hours, directly topping the hot search list. However, amidst the soaring market sentiment, there were also doubts: compared to other selected assets, Cardano's technical strength and ecological development seem slightly inferior; why was it chosen as a U.S. reserve asset?

受到这一消息的刺激，加密货币市场在一夜之间“恢复”。其中，Cardano的ADA表现特别出色，共需要数据显示24小时内最大增加了78.1％以上，直接超过了热门搜索列表。但是，在飙升的市场情绪中，也有疑问：与其他选定的资产相比，Cardano的技术实力和生态发展似乎略有较差；为什么选择它作为美国储备资产？

Cardano holders have a high willingness to hold long-term, with over 60% choosing to lock up their assets to support the network, which also increases its network health. According to staking data from Staking Rewards, Cardano is the fourth largest POS blockchain network, with a staking amount of $23.34 billion and a staking rate of 60.1%.

Cardano持有人愿意长期持有长期的意愿，超过60％的人选择锁定其资产来支持该网络，这也可以提高其网络健康状况。根据Stateking Rewards的存放数据，Cardano是第四大POS区块链网络，股份的含量为233.4亿美元，含量为60.1％。

However, according to DeFillama data, as of March 3, Cardano's TVL was nearly $508 million, with an on-chain stablecoin market value of $2.255 million, and application revenue in the past 24 hours was only $3,024. In contrast, Solana's TVL reached $8.38 billion, with daily revenue of about $836,000. From the perspective of ecological indicators, Cardano lags behind many selected assets; despite its impressive staking scale, the staking of ADA has not translated into actual dApp applications, indicating that its ecosystem still has large gaps to fill.

但是，根据Defillama数据，截至3月3日，Cardano的TVL接近5.08亿美元，链链球菌的市场价值为225.5万美元，过去24小时的申请收入仅为3,024美元。相比之下，Solana的TVL达到83.8亿美元，每日收入约为836,000美元。从生态指标的角度来看，Cardano落后于许多选定的资产。尽管其令人印象深刻的放分量表，但ADA的放置尚未转化为实际的DAPP应用程序，这表明其生态系统仍然有很大的差距可以填补。

"So does this mean we have to change our name to 'U.S. Digital Assets'?" Cardano founder Charles Hoskinson quipped in a recent tweet.

“那么这是否意味着我们必须将名称更改为'US Digital Assets'？” Cardano创始人查尔斯·霍斯金森（Charles Hoskinson）在最近的一条推文中打趣。

In fact, the outside world has long labeled Cardano as a "Japanese public chain," while Cardano is an American-made project founded by American Charles Hoskinson, one of the original eight co-founders of Ethereum, who has invested significant funds and energy in blockchain, longevity science, and extraterrestrial exploration. In 2014, Hoskinson left due to differences in development direction with Vitalik Buterin and established Input Output Global, headquartered in the U.S., launching Cardano. The reason Cardano is popular in the Japanese market, even being called the "Japanese Ethereum," is largely related to its early financing model. It is reported that nearly 95% of buyers in Cardano's public offering were Japanese investors, often referred to as "retirement investments," mainly because this public offering was led by the Japanese company Emurgo, and at that time, Japan's regulatory environment was relatively relaxed compared to Europe and the U.S., which led to Cardano being massively misunderstood as a Japanese project. However, as the U.S. crypto policies gradually open up, Cardano is gradually downplaying its Japanese image.

实际上，外界长期以来一直将Cardano标记为“日本公共连锁店”，而Cardano是由美国查尔斯·霍斯金森（American Charles Hoskinson）创立的美国制造的项目，该项目是以太坊最初的八个联合创始人之一，他已经在区块链，寿命，寿命科学和外地探索方面投入了大量资金和能源。 2014年，由于Vitalik Buterin的开发方向差异，Hoskinson离开了，并建立了总部位于美国的投入输出全球，并推出了Cardano。卡尔达诺（Cardano）在日本市场上很受欢迎的原因，即使被称为“日本以太坊”，这与其早期融资模式主要有关。据报道，Cardano公开募股中近95％的买家是日本投资者，通常被称为“退休投资”，主要是因为这次公开募股是由日本公司Emurgo领导的，当时，与欧洲和美国相比，日本的监管环境相对放松，这导致Cardano被大规模误解为日本项目。但是，随着美国加密货币政策逐渐开放，卡尔达诺逐渐轻描淡写其日本形象。

As for the market's speculation on Cardano's selection as a strategic asset reserve, many believe it relies not on technology but on establishing close ties with the U.S. government, especially as founder Charles Hoskinson has hinted multiple times. For example, in November 2024, when there were rumors that Trump was considering appointing him as a crypto policy advisor, he revealed in a conversation that he had a close relationship with a member of Trump's team. He stated that he would work with lawmakers and the government to push for a bipartisan bill. Cardano's development company, Input Output Global, plans to establish a cryptocurrency regulatory policy office in early 2025 and aims to engage with "leaders in certain key positions" in the U.S. government to promote the legislative agenda related to cryptocurrencies. However, as of now, the specific progress of this plan has not been disclosed, and there is no evidence that he has been formally employed by the U.S. government.

至于市场对卡尔达诺（Cardano）作为战略资产储备的猜测，许多人认为，它不是依赖技术，而是与美国政府建立紧密联系，尤其是因为创始人查尔斯·霍斯金森（Charles Hoskinson）暗示了多次。例如，在2024年11月，有传言说特朗普正在考虑任命他为加密政策顾问时，他在谈话中透露，他与特朗普团队成员有着密切的关系。他说，他将与立法者和政府合作，推动两党法案。 Cardano的开发公司Input Outport Global计划在2025年初建立一个加密货币监管政策办公室，旨在与美国政府的“某些关键职位领导者”互动，以促进与加密货币有关的立法议程。但是，截至目前，尚未披露该计划的具体进展，也没有证据表明他已被美国政府正式雇用。

Charles Hoskinson also clarified on March 2, stating, "No one has been appointed by the executive branch to a cryptocurrency-related role tonight; the meeting does not imply endorsement

查尔斯·霍斯金森（Charles Hoskinson）还于3月2日澄清说：“行政部门今晚没有人任命与加密货币相关的角色；该会议并不意味着认可