鏈上收入接近200億美元,標誌著加密貨幣的成熟測試:研究報告
區塊鏈手續費預計在2025年將達到198億美元,顯示出這項技術已經從投機轉向真正的用戶驅動經濟活動。
根據風險投資公司1kx發佈的最新《鏈上收入報告》,截至2025年,按用戶支付的手續費計算,鏈上收入有望達到198億美元。這一數字在今年上半年已經創下了97億美元的記錄。
這些手續費代表用戶在區塊鏈及相關基礎設施上直接進行交易所花費的總金額,包括交易、交換、註冊、遊戲收入和訂閱等。
儘管2025年預計不會超過2021年創下的241億美元的歷史高點,但自2020年以來,鏈上手續費已增長超過十倍,顯示出約60%的年均增長率。
報告的作者Lasse Clausen、Christopher Heymann、Robert Koschig、Clare He和Johannes Säuberlich表示:“我們認為,支付的手續費是最佳指標,反映了用戶和企業願意為之付費的可重複使用的效用。隨著協議的成熟和監管的改善,產生和分配穩定的手續費收入的能力將使持久的網絡與早期實驗區別開來。”
除了作為財務健康的信號外,增長的鏈上手續費還提供了對區塊鏈技術更廣泛採用的洞察,特別是在現實資產代幣化、去中心化實體基礎設施網絡(DePINs)和基於錢包的消費者應用等新興主題中。
1kx的報告認為,這一增長突顯了一種結構性轉變:加密貨幣正在從投機性工具演變為一種合法的、產生收入的資產類別,並具備實際的網絡效應。
代幣化資產的增長勢頭
報告強調,代幣化現實資產(RWAs)的快速增長,其鏈上價值(不包括穩定幣)在2025年第三季度已經飆升至超過280億美元。根據RWA.xyz的數據,該數字已經超過350億美元。
1kx指出,鏈上代幣化資產的總價值在過去一年中已經翻了一番,而這些資產產生的手續費增長更快,顯示出用戶活動和市場採用的增加。
包括摩根大通、黑石集團和BNY美林等主要華爾街機構正在對資產代幣化進行重大投資。據Cointelegraph報導,摩根大通已經在其私有的Kinexys區塊鏈上代幣化了其一個私募股權基金,而BNY美林則與RWA平台Securitize合作,將擔保貸款義務上鏈。
這些數據不僅顯示出區塊鏈技術的持續發展,也反映出傳統金融機構對於這一新興領域的信心。隨著越來越多的機構參與進來,加密貨幣的未來可能會更加穩定和成熟。
這份報告讓我們看到,加密貨幣從早期的投機活動逐步轉向更具實用性的經濟活動,這不僅是技術的進步,更是市場需求的反映。隨著用戶基礎的擴大和應用場景的多樣化,未來的區塊鏈生態系統將會更加繁榮。
以上文章由特價GPT API KEY所翻譯及撰寫。而圖片則由FLUX根據內容自動生成。

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