{"id":4019,"date":"2026-11-02T17:45:18","date_gmt":"2026-11-02T09:45:18","guid":{"rendered":"https:\/\/www.shoppingguid.com\/?p=4019"},"modified":"2026-11-02T17:45:18","modified_gmt":"2026-11-02T09:45:18","slug":"fintech-vs-defi%ef%bc%9a%e5%93%aa%e4%b8%80%e7%a7%8d%e9%87%91%e8%9e%8d%e4%bd%93%e7%b3%bb%e6%9b%b4%e5%85%b7%e7%ab%9e%e4%ba%89%e5%8a%9b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.shoppingguid.com\/?p=4019","title":{"rendered":"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f"},"content":{"rendered":"<div>\n<p>\u7f16\u8005\u6309\uff1a\u5728\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\u91cc\uff0cFintech \u4e0e DeFi \u88ab\u89c6\u4e3a\u4e24\u5957\u4e92\u4e0d\u76f8\u5e72\u7684\u91d1\u878d\u4f53\u7cfb\uff1a\u4e00\u5957\u5408\u89c4\u3001\u4e2d\u5fc3\u5316\u3001\u53ef\u88ab\u4f30\u503c\uff1b\u53e6\u4e00\u5957\u5f00\u653e\u3001\u94fe\u4e0a\u8fd0\u884c\u3001\u66f4\u50cf\u516c\u5171\u57fa\u7840\u8bbe\u65bd\u3002Fintech \u64c5\u957f\u628a\u6d41\u91cf\u53d8\u6210\u6536\u5165\uff0cDeFi \u64c5\u957f\u628a\u6548\u7387\u505a\u5230\u6781\u81f4\u3002\u968f\u7740\u4ee3\u5e01\u5316\u3001\u7a33\u5b9a\u5e01\u4e0e\u94fe\u4e0a\u4ea4\u6613\u4e0d\u65ad\u6e17\u900f\u8fdb\u4f20\u7edf\u4f53\u7cfb\uff0c\u878d\u5408\u5df2\u7ecf\u4e0d\u53ef\u9006\u8f6c\u3002\u90a3\u4e48\uff0c\u672a\u6765\u7684\u91d1\u878d\uff0c\u662f\u5728\u5f00\u653e\u7684\u9053\u8def\u4e0a\u5efa\u7acb\u6536\u8d39\u7ad9\uff0c\u8fd8\u662f\u8ba9\u6536\u8d39\u7ad9\u6700\u7ec8\u5b66\u4f1a\u8d70\u5f00\u653e\u7684\u8def\uff1f<\/p>\n<p>\u672c\u6587\u4ece\u6536\u5165\u3001\u89c4\u6a21\u3001\u7528\u6237\u6570\u4e0e\u62bd\u6210\u7387\u56db\u4e2a\u7ef4\u5ea6\uff0c\u5bf9 Fintech \u4e0e\u94fe\u4e0a\u534f\u8bae\uff08Onchain Protocols\uff09\u8fdb\u884c\u5bf9\u6bd4\u5206\u6790\uff0c\u8bd5\u56fe\u56de\u7b54\u662f DeFi \u4f1a\u8d62\uff0c\u8fd8\u662f Fintech \u4f1a\u8d62\uff1f<\/p>\n<p>\u4ee5\u4e0b\u4e3a\u539f\u6587\uff1a<\/p>\n<p>Gm\uff0cFintech \u67b6\u6784\u5e08\u4eec\uff0c\u4eca\u5929\u7ed9\u5927\u5bb6\u5e26\u6765\u4e00\u4efd\u771f\u6b63\u7684\u91cd\u78c5\u5185\u5bb9\u3002<\/p>\n<p>\u6211\u4eec\u4e0e\u5206\u6790\u516c\u53f8 Artemis\uff08\u88ab\u79f0\u4e3a\u300c\u6570\u5b57\u91d1\u878d\u9886\u57df\u7684 Bloomberg \u7ec8\u7aef\u300d\uff09\u5408\u4f5c\uff0c\u6b63\u5f0f\u53d1\u5e03\u53f2\u4e0a\u9996\u4e2a Fintech \u4e0e DeFi \u5173\u952e\u6307\u6807\uff08KPI\uff09\u7684\u5bf9\u6bd4\u5206\u6790\u3002<\/p>\n<p>\u5982\u679c\u4f60\u66fe\u7ecf\u7ea0\u7ed3\uff1aRobinhood \u548c Uniswap \u54ea\u4e2a\u66f4\u503c\u5f97\u6295\u8d44\uff0c\u90a3\u4f60\u6765\u5bf9\u5730\u65b9\u4e86\u3002<\/p>\n<h3>\u6458\u8981<\/h3>\n<p>\u6211\u4eec\u628a\u91d1\u878d\u79d1\u6280\u80a1\u7968\u4e0e\u52a0\u5bc6\u4ee3\u5e01\u653e\u5728\u540c\u4e00\u5f20\u300c\u5bf9\u7167\u8868\u300d\u4e0a\uff0c\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u540c\u9875\u6bd4\u8f83\u3002<\/p>\n<p>\u8986\u76d6\u652f\u4ed8\u3001\u6570\u5b57\u94f6\u884c\u3001\u4ea4\u6613\u3001\u501f\u8d37\u3001\u9884\u6d4b\u5e02\u573a\u7b49\u591a\u4e2a\u8d5b\u9053\uff0c\u6211\u4eec\u5bf9\u6bd4\u4e86\u6536\u5165\u3001\u7528\u6237\u89c4\u6a21\u3001\u62bd\u6210\u7387\uff08take rate\uff09\u3001\u884c\u4e1a\u5173\u952e\u6307\u6807\u4ee5\u53ca\u4f30\u503c\u6307\u6807\u3002<\/p>\n<p>\u7ed3\u679c\u76f8\u5f53\u51fa\u4eba\u610f\u6599\uff1a<\/p>\n<p>Hyperliquid \u7684\u4ea4\u6613\u91cf\u5df2\u8fbe\u5230 Robinhood \u7684 50% \u4ee5\u4e0a<\/p>\n<p>DeFi \u534f\u8bae Aave \u7684\u5728\u8d37\u89c4\u6a21\uff0c\u8d85\u8fc7\u4e86 \u5148\u4e70\u540e\u4ed8\u5e73\u53f0 Klarna<\/p>\n<p>\u7a33\u5b9a\u5e01\u652f\u4ed8\u901a\u9053 \u7684\u589e\u957f\u901f\u5ea6\uff0c\u8fdc\u5feb\u4e8e \u4f20\u7edf\u652f\u4ed8\u670d\u52a1\u5546<\/p>\n<p>Phantom\u3001MetaMask \u7b49\u94b1\u5305\u7684\u7528\u6237\u89c4\u6a21\uff0c\u5df2\u53ef\u4e0e Nubank\u3001Revolut \u8fd9\u7c7b\u65b0\u578b\u94f6\u884c\u76f8\u5ab2\u7f8e<\/p>\n<p>\u6211\u4eec\u53d1\u73b0\uff0c\u4f30\u503c\u6b63\u771f\u5b9e\u53cd\u6620\u8fd9\u79cd\u5f20\u529b\uff1a\u52a0\u5bc6\u8d44\u4ea7\u8981\u4e48\u56e0\u300c\u672a\u6765\u5982\u4f55\u53d8\u73b0\u300d\u5c1a\u4e0d\u6e05\u6670\u800c\u88ab\u5927\u5e45\u6298\u4ef7\uff0c\u8981\u4e48\u56e0\u9884\u671f\u8fc7\u9ad8\u800c\u88ab\u8d4b\u4e88\u6781\u7aef\u6ea2\u4ef7\u3002<\/p>\n<p>\u6700\u7ec8\uff0c\u6211\u4eec\u63d0\u51fa\u4e00\u4e2a\u5173\u4e8e\u300c\u878d\u5408\u300d\u7684\u6838\u5fc3\u95ee\u9898\uff1a\u7a76\u7adf\u662f\u52a0\u5bc6\u4e16\u754c\u5b66\u4f1a\u5efa\u7acb\u6536\u8d39\u7ad9\uff08tollbooths\uff09\uff0c\u8fd8\u662f\u91d1\u878d\u79d1\u6280\u6700\u7ec8\u91c7\u7528\u52a0\u5bc6\u90a3\u5957\u5f00\u653e\u7684\u652f\u4ed8\u4e0e\u6e05\u7b97\u901a\u9053\uff08open rails\uff09\uff1f<\/p>\n<h3>\u6d89\u53ca\u5bf9\u8c61<\/h3>\n<p>Block\u3001PayPal\u3001Adyen\u3001Tron\u3001Solana\u3001Coinbase\u3001Robinhood\u3001Uniswap\u3001Aave\u3001Affirm\u3001Klarna\u3001Polymarket\u3001DraftKings<\/p>\n<h2>\u4e24\u4e2a\u91d1\u878d\u4f53\u7cfb<\/h2>\n<p>\u591a\u5e74\u6765\uff0c\u6211\u4eec\u4e00\u76f4\u5c06\u52a0\u5bc6\u4e16\u754c\u4e0e\u91d1\u878d\u79d1\u6280\u89c6\u4e3a\u4e24\u4e2a\u5e76\u884c\u7684\u5b87\u5b99\uff1a\u4e00\u4e2a\u53d7\u5230\u76d1\u7ba1\u3001\u63a5\u53d7\u5ba1\u8ba1\uff0c\u5e76\u5728 NASDAQ \u4e0a\u4ea4\u6613\u53e6\u4e00\u4e2a\u5219\u662f\u65e0\u9700\u8bb8\u53ef\u7684\u4f53\u7cfb\uff0c\u8d44\u4ea7\u5728\u53bb\u4e2d\u5fc3\u5316\u4e0e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e2d\u6d41\u901a\u3002<\/p>\n<p>\u5b83\u4eec\u4f7f\u7528\u7740\u540c\u4e00\u5957\u8bed\u8a00\uff0c\u6536\u5165\u3001\u4ea4\u6613\u91cf\u3001\u652f\u4ed8\u3001\u501f\u8d37\u3001\u4ea4\u6613\uff0c\u5374\u5e26\u7740\u622a\u7136\u4e0d\u540c\u7684\u300c\u53e3\u97f3\u300d\u3002\u800c\u8fd9\u79cd\u683c\u5c40\uff0c\u6b63\u5728\u53d1\u751f\u53d8\u5316\u3002<\/p>\n<p>\u968f\u7740 Stripe \u6536\u8d2d Bridge\uff0cRobinhood \u63a8\u51fa\u9884\u6d4b\u5e02\u573a\uff0c\u4ee5\u53ca PayPal \u5f00\u59cb\u53d1\u884c\u81ea\u5df1\u7684\u7f8e\u5143\u7a33\u5b9a\u5e01\uff0c\u4e24\u5927\u4f53\u7cfb\u4e4b\u95f4\u7684\u8fb9\u754c\u6b63\u5728\u9010\u6e10\u6a21\u7cca\u3002<\/p>\n<p>\u771f\u6b63\u7684\u95ee\u9898\u662f\uff1a\u5f53\u8fd9\u4e24\u4e2a\u4e16\u754c\u771f\u6b63\u76f8\u9047\u3001\u53d1\u751f\u78b0\u649e\u65f6\uff0c\u5b83\u4eec\u7a76\u7adf\u8be5\u5982\u4f55\u88ab\u653e\u5728\u540c\u4e00\u5f20\u5bf9\u7167\u8868\u4e0a\u8fdb\u884c\u6bd4\u8f83\uff1f<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311189417583.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe\" \/><\/p>\n<p>\u4e8e\u662f\uff0c\u6211\u4eec\u51b3\u5b9a\u505a\u4e00\u6b21\u5b9e\u9a8c\u3002<\/p>\n<p>\u6211\u4eec\u9009\u53d6\u4f60\u719f\u6089\u7684\u91d1\u878d\u79d1\u6280\u516c\u53f8\u2014\u2014\u6db5\u76d6\u652f\u4ed8\u5904\u7406\u5546\u3001\u6570\u5b57\u94f6\u884c\uff08neobank\uff09\u3001\u5148\u4e70\u540e\u4ed8\uff08BNPL\uff09\u673a\u6784\u4ee5\u53ca\u96f6\u552e\u5238\u5546\uff0c\u5e76\u5c06\u5b83\u4eec\u4e0e\u5404\u81ea\u7684 crypto-native\uff08\u539f\u751f\u52a0\u5bc6\uff09\u5bf9\u624b\u4e00\u4e00\u5bf9\u7167\u3002<\/p>\n<p>\u5728\u540c\u4e00\u7ec4\u56fe\u8868\u4e2d\uff0c\u6211\u4eec\u4f7f\u7528\u4f60\u65e9\u5df2\u4e60\u60ef\u7684\u91d1\u878d\u79d1\u6280\u6307\u6807\u8fdb\u884c\u6bd4\u8f83\uff08\u5982 P\/S\u3001ARPU\u3001TPV\u3001\u7528\u6237\u6570\u91cf \u7b49\uff09\uff1a\u7eff\u8272\u67f1\u72b6\u6761\u4ee3\u8868\u80a1\u7968\uff0c\u7d2b\u8272\u67f1\u72b6\u6761\u4ee3\u8868\u4ee3\u5e01\u3002<\/p>\n<p>\u7531\u6b64\uff0c\u4e00\u5e45\u5173\u4e8e\u4e24\u4e2a\u91d1\u878d\u4f53\u7cfb\u7684\u56fe\u666f\u9010\u6e10\u6d6e\u73b0\uff1a\u94fe\u4e0a\u91d1\u878d\u534f\u8bae\u5728\u4ea4\u6613\u91cf\u4e0e\u8d44\u4ea7\u89c4\u6a21\u4e0a\uff0c\u5f80\u5f80\u80fd\u4e0e\u751a\u81f3\u8d85\u8fc7\u5176\u91d1\u878d\u79d1\u6280\u540c\u884c\uff1b\u4f46\u5b83\u4eec\u6355\u83b7\u5230\u7684\u7ecf\u6d4e\u4ef7\u503c\u5374\u53ea\u662f\u5176\u4e2d\u7684\u4e00\u5c0f\u90e8\u5206\uff1b\u76f8\u5bf9\u4e8e\u91d1\u878d\u79d1\u6280\u53ef\u6bd4\u516c\u53f8\uff0c\u52a0\u5bc6\u8d44\u4ea7\u7684\u5b9a\u4ef7\u8981\u4e48\u6781\u5ea6\u6ea2\u4ef7\u3001\u8981\u4e48\u6df1\u5ea6\u6298\u4ef7\uff0c\u51e0\u4e4e\u4e0d\u5b58\u5728\u300c\u4e2d\u95f4\u5730\u5e26\u300d\uff1b\u800c\u5728\u589e\u957f\u901f\u5ea6\u4e0a\uff0c\u4e24\u8005\u4e4b\u95f4\u7684\u5dee\u8ddd\u66f4\u662f\u60ac\u6b8a\u3002<\/p>\n<h2>\u652f\u4ed8\uff1a\u8d44\u91d1\u6d41\u52a8\u7684\u300c\u7ba1\u9053\u300d<\/h2>\n<p>\u5148\u4ece\u91d1\u878d\u79d1\u6280\u4e2d\u4f53\u91cf\u6700\u5927\u7684\u8d5b\u9053\u8bf4\u8d77\u2014\u2014\u628a\u94b1\u4ece A \u70b9\u8f6c\u79fb\u5230 B \u70b9\u3002<\/p>\n<p>\u5728\u7eff\u8272\u9635\u8425\u8fd9\u8fb9\uff0c\u662f\u4e00\u6279\u771f\u6b63\u7684\u5de8\u5934\uff1a<\/p>\n<p>PayPal\uff1a\u6bcf\u5e74\u5904\u7406 1.76 \u4e07\u4ebf\u7f8e\u5143 \u7684\u652f\u4ed8\u89c4\u6a21<\/p>\n<p>Adyen\uff1a\u5904\u7406 1.5 \u4e07\u4ebf\u7f8e\u5143<\/p>\n<p>Fiserv\uff1a\u8fd9\u5bb6\u300c\u6d3e\u5bf9\u4e0a\u6ca1\u4eba\u63d0\u8d77\u7684\u57fa\u7840\u8bbe\u65bd\u516c\u53f8\u300d\uff0c\u5904\u7406 3200 \u4ebf\u7f8e\u5143<\/p>\n<p>Block\uff08\u524d\u8eab\u4e3a Square\uff09\uff1a\u901a\u8fc7 Cash App \u53ca\u5176\u5546\u6237\u7f51\u7edc\uff0c\u63a8\u52a8 2550 \u4ebf\u7f8e\u5143 \u7684\u8d44\u91d1\u6d41\u52a8<\/p>\n<p>\u8fd9\u4e9b\u516c\u53f8\u6784\u6210\u4e86\u4f20\u7edf\u91d1\u878d\u79d1\u6280\u4f53\u7cfb\u4e2d\uff0c\u6700\u6210\u719f\u3001\u4e5f\u6700\u7a33\u5b9a\u7684\u300c\u8d44\u91d1\u7ba1\u9053\u5c42\u300d\u3002<\/p>\n<p><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311189691248.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe1\" \/><\/p>\n<p>\u5728\u7d2b\u8272\u9635\u8425\u8fd9\u8fb9\uff0c\u662f Artemis \u7a33\u5b9a\u5e01\u56e2\u961f \u4f30\u7b97\u7684\u5e74\u5316 B2B \u652f\u4ed8\u89c4\u6a21\uff1a<\/p>\n<p>Tron\uff1a\u7a33\u5b9a\u5e01\u8f6c\u79fb\u89c4\u6a21 680 \u4ebf\u7f8e\u5143<\/p>\n<p>Ethereum\uff1a412 \u4ebf\u7f8e\u5143<\/p>\n<p>BNB Chain\uff1a186 \u4ebf\u7f8e\u5143<\/p>\n<p>Solana\uff1a\u7ea6 65 \u4ebf\u7f8e\u5143<\/p>\n<p>\u4ece\u7edd\u5bf9\u6570\u503c\u6765\u770b\uff0c\u53cc\u65b9\u5e76\u4e0d\u5728\u540c\u4e00\u91cf\u7ea7\u3002\u6240\u6709\u4e3b\u8981\u516c\u94fe\u4e0a\u7684\u7a33\u5b9a\u5e01\u8f6c\u8d26\u91cf\u5408\u8ba1\uff0c\u5927\u7ea6\u53ea\u76f8\u5f53\u4e8e\u91d1\u878d\u79d1\u6280\u652f\u4ed8\u5904\u7406\u5546\u89c4\u6a21\u7684 2%\u3002\u5982\u679c\u772f\u7740\u773c\u775b\u770b\u90a3\u5f20\u5e02\u573a\u4efd\u989d\u56fe\uff0c\u7d2b\u8272\u67f1\u5b50\u51e0\u4e4e\u53ea\u662f\u4e00\u4e2a\u56db\u820d\u4e94\u5165\u7684\u8bef\u5dee\u3002<\/p>\n<p>\u4f46\u771f\u6b63\u6709\u610f\u601d\u7684\u5730\u65b9\u5728\u4e8e\u2014\u2014\u589e\u957f\u7387\u3002<\/p>\n<p>PayPal \u7684\u603b\u652f\u4ed8\u89c4\u6a21\u53bb\u5e74\u53ea\u589e\u957f\u4e86 6%<\/p>\n<p>Block \u589e\u957f 8%<\/p>\n<p>Adyen \u8fd9\u5bb6\u6b27\u6d32\u300c\u5ba0\u513f\u300d\u5b9e\u73b0\u4e86 43% \u7684\u589e\u957f\u2014\u2014\u4ee5\u91d1\u878d\u79d1\u6280\u7684\u6807\u51c6\u6765\u770b\u5df2\u7ecf\u76f8\u5f53\u5f3a\u52b2<\/p>\n<p>\u518d\u770b\u770b\u533a\u5757\u94fe\uff1a<\/p>\n<p>Tron\uff1a\u589e\u957f 493%<\/p>\n<p>Ethereum\uff1a\u589e\u957f 652%<\/p>\n<p>BNB Chain\uff1a\u589e\u957f 648%<\/p>\n<p>Solana\uff1a\u540c\u6bd4\u589e\u957f 755%\uff0c\u589e\u901f\u6700\u5feb<\/p>\n<p>\u518d\u6b21\u8bf4\u660e\uff0c\u8fd9\u4e9b\u6570\u636e\u6765\u81ea Artemis \u6570\u636e\u56e2\u961f\u6839\u636e\u9ea6\u80af\u9521\u7814\u7a76\u4f30\u7b97\u7684 B2B \u652f\u4ed8\u89c4\u6a21\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311190260103.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe2\" \/><\/p>\n<p>\u7ed3\u679c\u975e\u5e38\u6e05\u6670\uff1a\u7a33\u5b9a\u5e01\u8fd9\u5957\u300c\u652f\u4ed8\u901a\u9053\uff08rails\uff09\u300d\u7684\u589e\u957f\u901f\u5ea6\uff0c\u8fdc\u8fdc\u5feb\u4e8e\u4f20\u7edf\u91d1\u878d\u79d1\u6280\u652f\u4ed8\u4f53\u7cfb\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u5b83\u4eec\u7684\u8d77\u70b9\u4e5f\u8981\u5c0f\u5f97\u591a\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\uff0c\u95ee\u9898\u53d8\u6210\u4e86\uff1a\u8c01\u5728\u771f\u6b63\u6355\u83b7\u7ecf\u6d4e\u4ef7\u503c\uff1f<\/p>\n<p>Fiserv\uff1a\u5bf9\u5176\u7ecf\u624b\u7684\u6bcf\u4e00\u7f8e\u5143\uff0c\u62bd\u53d6 3.16%<\/p>\n<p>Block\uff1a\u62bd\u53d6 2.62%<\/p>\n<p>PayPal\uff1a\u62bd\u53d6 1.68%<\/p>\n<p>Adyen\uff1a\u7531\u4e8e\u91c7\u7528\u66f4\u4f4e\u5229\u6da6\u7387\u7684\u4f01\u4e1a\u7ea7\u6a21\u5f0f\uff0c\u4ec5\u62bd\u53d6 15 \u4e2a\u57fa\u70b9\uff080.15%\uff09<\/p>\n<p>\u8fd9\u4e9b\u90fd\u662f\u771f\u5b9e\u5b58\u5728\u7684\u5546\u4e1a\u516c\u53f8\uff0c\u5b83\u4eec\u7684\u6536\u5165\uff0c\u76f4\u63a5\u4e14\u7a33\u5b9a\u5730\u7ed1\u5b9a\u5728\u652f\u4ed8\u89c4\u6a21\u4e4b\u4e0a\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311190424287.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe3\" \/><\/p>\n<p>\u81f3\u4e8e\u533a\u5757\u94fe\u8fd9\u8fb9\uff0c\u5176\u5728\u7a33\u5b9a\u5e01\u8f6c\u8d26\u4ee5\u53ca\u66f4\u5e7f\u4e49\u7684\u8d44\u4ea7\u8f6c\u79fb\u4e0a\u7684\u62bd\u6210\u7387\u8981\u4f4e\u5f97\u591a\uff0c\u5927\u81f4\u5728 \u7ea6 1\u20139 \u4e2a\u57fa\u70b9\uff08bps\uff09\u4e4b\u95f4\u3002Tron \u901a\u8fc7\u5411\u7528\u6237\u6536\u53d6 TRX \u6765\u8986\u76d6\u7a33\u5b9a\u5e01\u8f6c\u8d26\u6210\u672c\uff0c\u800c Ethereum\u3001BNB Chain \u548c Solana \u5219\u5411\u7ec8\u7aef\u7528\u6237\u6536\u53d6 Gas \u8d39\u6216\u4f18\u5148\u8d39\u3002<\/p>\n<p>\u8fd9\u4e9b\u516c\u94fe\u5728\u4fc3\u6210\u8f6c\u8d26\u3001\u63a8\u52a8\u8d44\u4ea7\u6d41\u52a8\u65b9\u9762\u975e\u5e38\u5f3a\uff0c\u4f46\u76f8\u6bd4\u4f20\u7edf\u652f\u4ed8\u670d\u52a1\u5546\uff0c\u5b83\u4eec\u62bd\u53d6\u7684\u6bd4\u4f8b\u8981\u5c0f\u5f97\u591a\u3002\u907f\u514d\u8bf8\u5982\u4ea4\u6362\u8d39\uff08interchange\uff09\u548c\u5546\u6237\u624b\u7eed\u8d39\uff0c\u6b63\u662f\u533a\u5757\u94fe\u80fd\u591f\u76f8\u5bf9\u4e8e\u73b0\u6709\u652f\u4ed8\u4f53\u7cfb\u5ba3\u79f0\u5177\u5907\u5de8\u5927\u6548\u7387\u4f18\u52bf\u7684\u91cd\u8981\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u94fe\u4e0a\u4e5f\u5b58\u5728\u5927\u91cf\u652f\u4ed8\u7f16\u6392\u65b9\uff08onchain payment orchestrators\uff09\uff0c\u4e50\u4e8e\u5728\u57fa\u7840\u8d39\u7528\u4e4b\u4e0a\u7ee7\u7eed\u53e0\u52a0\u6536\u8d39\u2014\u2014\u8fd9\u6070\u6070\u6784\u6210\u4e86\u300c\u4fc3\u8fdb\u8005\u300d\u5728\u5176\u4e4b\u4e0a\u6784\u5efa\u7ecf\u6d4e\u4ef7\u503c\u7684\u4e00\u5927\u673a\u4f1a\u3002<\/p>\n<h2>\u6570\u5b57\u94f6\u884c\uff08Neobanks\uff09\uff1a\u94b1\u5305\u6210\u4e3a\u65b0\u7684\u94f6\u884c\u8d26\u6237<\/h2>\n<p>\u5728\u91d1\u878d\u79d1\u6280\u8fd9\u8fb9\u7684\u6570\u5b57\u94f6\u884c\u8d5b\u9053\uff0c\u5b58\u5728\u7740\u771f\u6b63\u7684\u94f6\u884c\uff08\u6216\u300c\u79df\u724c\u7167\u300d\u7684\u94f6\u884c\uff09\uff0c\u4f8b\u5982 Revolut\u3001Nubank\u3001SoFi\u3001Chime\u3001Wise\u3002\u8fd9\u4e9b\u673a\u6784\u62e5\u6709\u724c\u7167\u3001\u5b58\u6b3e\u4fdd\u9669\u4ee5\u53ca\u5408\u89c4\u90e8\u95e8\u3002<\/p>\n<p>\u800c\u5728\u52a0\u5bc6\u4e16\u754c\u8fd9\u8fb9\uff0c\u6211\u4eec\u770b\u5230\u7684\u662f\u94b1\u5305\u548c\u6536\u76ca\u534f\u8bae\uff0c\u5982 MetaMask\u3001Phantom\u3001Ethena\u3001EtherFi\u3002\u5b83\u4eec\u5f53\u7136\u5e76\u4e0d\u662f\u300c\u94f6\u884c\u300d\uff0c\u4f46\u6570\u4ee5\u767e\u4e07\u8ba1\u7684\u4eba\u628a\u8d44\u4ea7\u5b58\u653e\u5728\u8fd9\u91cc\uff1b\u800c\u4e14\u8d8a\u6765\u8d8a\u591a\u7684\u4eba\uff0c\u6b63\u662f\u5728\u8fd9\u91cc\u4e3a\u81ea\u5df1\u7684\u50a8\u84c4\u83b7\u53d6\u6536\u76ca\u3002\u5373\u4fbf\u76d1\u7ba1\u5916\u58f3\u5e76\u4e0d\u76f8\u540c\uff0c\u8fd9\u79cd\u529f\u80fd\u5c42\u9762\u7684\u5bf9\u6bd4\u4f9d\u7136\u6210\u7acb\u3002<\/p>\n<p>\u5148\u4ece\u7528\u6237\u89c4\u6a21\u8bf4\u8d77\uff1aNubank \u62e5\u6709 9350 \u4e07\u6708\u6d3b\u8dc3\u7528\u6237\uff08MAU\uff09\uff0c\u662f\u5168\u7403\u6700\u5927\u7684\u6570\u5b57\u94f6\u884c\uff0c\u8fd9\u4e00\u89c4\u6a21\u5efa\u7acb\u5728\u5df4\u897f\u667a\u80fd\u624b\u673a\u9ad8\u5ea6\u666e\u53ca\u3001\u4ee5\u53ca\u5f53\u5730\u94f6\u884c\u4f53\u7cfb\u6781\u5176\u590d\u6742\u7684\u80cc\u666f\u4e4b\u4e0a\uff1bRevolut \u5728\u6b27\u6d32\u53ca\u5176\u4ed6\u5730\u533a\u62e5\u6709 7000 \u4e07\u7528\u6237\uff1b\u63a5\u4e0b\u6765\u662f MetaMask\uff0c\u7ea6 3000 \u4e07\u7528\u6237\u2014\u2014\u8fd9\u4e00\u89c4\u6a21\u5df2\u7ecf\u8d85\u8fc7\u4e86 Wise\u3001SoFi \u548c Chime\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311190556623.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe4\" \/><\/p>\n<p>\u9700\u8981\u8bf4\u660e\u7684\u662f\uff0c\u5927\u591a\u6570 MetaMask \u7528\u6237\u5e76\u4e0d\u662f\u7528\u52a0\u5bc6\u94b1\u5305\u6765\u4ea4\u623f\u79df\uff0c\u800c\u662f\u7528\u5b83\u4e0e DEX \u4ea4\u4e92\uff0c\u6216\u53c2\u4e0e\u501f\u8d37\u534f\u8bae\u3002\u53e6\u4e00\u6b3e\u5934\u90e8\u94b1\u5305 Phantom \u62e5\u6709 1600 \u4e07 \u6708\u6d3b\u8dc3\u7528\u6237\u3002Phantom \u6700\u521d\u5b9a\u4f4d\u4e3a Solana \u751f\u6001\u4e2d\u4f53\u9a8c\u6700\u597d\u7684\u94b1\u5305\uff0c\u4f46\u5f88\u5feb\u6269\u5c55\u81f3\u591a\u6761\u516c\u94fe\uff0c\u5982\u4eca\u5df2\u63a8\u51fa\u81ea\u6709\u7a33\u5b9a\u5e01 $CASH\u3001\u501f\u8bb0\u5361\u3001\u4ee3\u5e01\u5316\u80a1\u7968\u4ee5\u53ca\u9884\u6d4b\u5e02\u573a\u7b49\u4ea7\u54c1\u3002<\/p>\n<p>\u518d\u6765\u770b\u94b1\u90fd\u653e\u5728\u4e86\u54ea\u91cc\u3002<\/p>\n<p>Revolut\uff1a\u5ba2\u6237\u4f59\u989d 408 \u4ebf\u7f8e\u5143<\/p>\n<p>Nubank\uff1a388 \u4ebf\u7f8e\u5143<\/p>\n<p>SoFi\uff1a329 \u4ebf\u7f8e\u5143<\/p>\n<p>\u8fd9\u4e9b\u90fd\u662f\u771f\u5b9e\u5b58\u5728\u7684\u5b58\u6b3e\uff0c\u4e3a\u673a\u6784\u5e26\u6765\u51c0\u5229\u606f\u6536\u5165\u3002<\/p>\n<p>\u5728\u52a0\u5bc6\u4e16\u754c\u4e2d\uff0c\u4e5f\u5b58\u5728\u7740\u9ad8\u5ea6\u76f8\u4f3c\u7684\u5bf9\u5e94\u5173\u7cfb\uff1a<\/p>\n<p>Ethena\uff1a\u8fd9\u4e2a\u4e24\u5e74\u524d\u8fd8\u4e0d\u5b58\u5728\u7684\u5408\u6210\u7f8e\u5143\u534f\u8bae\uff0c\u5982\u4eca\u6301\u6709 79 \u4ebf\u7f8e\u5143<\/p>\n<p>EtherFi\uff1a\u89c4\u6a21\u8fbe 99 \u4ebf\u7f8e\u5143<\/p>\n<p>\u5b83\u4eec\u5e76\u975e\u300c\u5b58\u6b3e\u300d\uff0c\u800c\u662f\u8d28\u62bc\u8d44\u4ea7\u3001\u5e26\u6536\u76ca\u7684\u5934\u5bf8\uff0c\u6216\u505c\u653e\u5728\u667a\u80fd\u5408\u7ea6\u4e2d\u7684\u6d41\u52a8\u6027\u2014\u2014\u5728\u884c\u4e1a\u672f\u8bed\u4e2d\u79f0\u4e3a TVL\uff08Total Value Locked\uff09\u3002<\/p>\n<p>\u4f46\u4ece\u7528\u6237\u7684\u89c6\u89d2\u6765\u770b\uff0c\u903b\u8f91\u5e76\u6ca1\u6709\u672c\u8d28\u5dee\u5f02\uff1a\u94b1\u88ab\u653e\u5728\u67d0\u4e2a\u5730\u65b9\uff0c\u5e76\u4e14\u5728\u6301\u7eed\u4ea7\u751f\u6536\u76ca\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311190742167.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe5\" \/><\/p>\n<p>\u771f\u6b63\u7684\u5dee\u5f02\u5728\u4e8e\uff1a\u8fd9\u4e9b\u5e73\u53f0\u5982\u4f55\u5bf9\u300c\u5b58\u91cf\u8d44\u91d1\u300d\u8fdb\u884c\u53d8\u73b0\uff0c\u4ee5\u53ca\u5b83\u4eec\u80fd\u4ece\u7528\u6237\u8eab\u4e0a\u8d5a\u591a\u5c11\u94b1\u3002<\/p>\n<p>SoFi\uff1a\u4eba\u5747\u5e74\u6536\u5165 264 \u7f8e\u5143\u3002\u8fd9\u5e76\u4e0d\u610f\u5916\u2014\u2014SoFi \u5728\u8d37\u6b3e\u3001\u6295\u8d44\u8d26\u6237\u548c\u4fe1\u7528\u5361\u4e4b\u95f4\u8fdb\u884c\u5f3a\u529b\u4ea4\u53c9\u9500\u552e\uff0c\u4e14\u7528\u6237\u7fa4\u4f53\u6574\u4f53\u6536\u5165\u66f4\u9ad8\u3002<\/p>\n<p>Chime\uff1a\u4eba\u5747 227 \u7f8e\u5143\uff0c\u6536\u5165\u4e3b\u8981\u6765\u81ea\u4ea4\u6362\u8d39\uff08interchange\uff09\u3002<\/p>\n<p>Nubank\uff1a\u5728\u5df4\u897f\u8fd9\u4e00\u4eba\u5747 GDP \u8f83\u4f4e\u7684\u5e02\u573a\u8fd0\u8425\uff0c\u4eba\u5747 151 \u7f8e\u5143\u3002<\/p>\n<p>Revolut\uff1a\u5c3d\u7ba1\u7528\u6237\u89c4\u6a21\u5e9e\u5927\uff0c\u4f46\u4eba\u5747\u4ec5 60 \u7f8e\u5143\u3002<\/p>\n<p>\u90a3 EtherFi \u5462\uff1f\u4eba\u5747 256 \u7f8e\u5143\uff0c\u51e0\u4e4e\u4e0e SoFi \u6301\u5e73\u3002<\/p>\n<p>\u5bf9\u8fd9\u5bb6\u52a0\u5bc6\u65b0\u79c0\u4e0d\u5229\u7684\u662f\uff1aEtherFi \u7684\u6d3b\u8dc3\u7528\u6237\u53ea\u6709\u7ea6 2 \u4e07\uff0c\u800c SoFi \u6709 1260 \u4e07\u3002<br \/>\u4e5f\u5c31\u662f\u8bf4\uff0c\u8fd9\u4e2a DeFi \u534f\u8bae\u5728\u6781\u5c0f\u7684\u7528\u6237\u57fa\u6570\u4e0a\uff0c\u5b9e\u73b0\u4e86\u4e0e\u6700\u9876\u7ea7\u6570\u5b57\u94f6\u884c\u5728\u5e9e\u5927\u7528\u6237\u89c4\u6a21\u4e0b\u540c\u7b49\u6548\u7387\u7684\u53d8\u73b0\u80fd\u529b\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191051443.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe6\" \/><\/p>\n<p>\u6362\u4e2a\u89d2\u5ea6\u770b\uff0cMetaMask \u53bb\u5e74\u5b9e\u73b0\u4e86\u7ea6 8500 \u4e07\u7f8e\u5143 \u7684\u6536\u5165\uff0c\u6298\u7b97\u4e0b\u6765 ARPU \u7ea6\u4e3a 3 \u7f8e\u5143\uff0c\u751a\u81f3\u4f4e\u4e8e Revolut \u65e9\u671f\u9636\u6bb5\u7684\u6c34\u5e73\u3002<\/p>\n<p>Ethena \u867d\u7136\u62e5\u6709 79 \u4ebf\u7f8e\u5143 \u7684 TVL\uff0c\u4f46\u5176\u7528\u6237\u89e6\u8fbe\u89c4\u6a21\u4ecd\u53ea\u662f Nubank \u7684\u4e00\u4e2a\u96f6\u5934\u3002<\/p>\n<p>\u4f30\u503c\u6b63\u662f\u8fd9\u79cd\u300c\u589e\u957f vs. \u53d8\u73b0\u80fd\u529b\u300d\u4e8c\u5143\u5f20\u529b\u7684\u76f4\u63a5\u53cd\u6620\u3002<\/p>\n<p>Revolut \u7684\u4f30\u503c\u7ea6\u4e3a 18 \u500d\u6536\u5165\uff0c\u8fd9\u4e00\u5b9a\u4ef7\u53cd\u6620\u4e86\u5176\u5e02\u573a\u5b9a\u4f4d\u548c\u672a\u6765\u6269\u5c55\u7684\u300c\u671f\u6743\u4ef7\u503c\u300d\uff1bEtherFi \u7684\u4f30\u503c\u7ea6 13 \u500d\uff1bEthena \u7ea6 6.3 \u500d\uff0c\u4e0e SoFi \u548c Wise \u5927\u81f4\u5904\u5728\u540c\u4e00\u6c34\u5e73\u3002<\/p>\n<p>\u4e00\u4e2a\u9887\u4e3a\u53cd\u76f4\u89c9\u7684\u7ed3\u8bba\u6b63\u5728\u6d6e\u73b0\uff1a\u5e02\u573a\u5728\u4f30\u503c\u5c42\u9762\uff0c\u6b63\u5728\u4ee5\u76f8\u5f53\u63a5\u8fd1\u7684\u65b9\u5f0f\uff0c\u5bf9\u5f85 DeFi \/ \u94fe\u4e0a\u300c\u94f6\u884c\u300d\u4e0e\u4f20\u7edf\u91d1\u878d\u79d1\u6280\u94f6\u884c\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191220540.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe7\" \/><\/p>\n<p>\u6240\u8c13\u300c\u878d\u5408\u5047\u8bbe\uff08convergence thesis\uff09\u300d\uff0c\u6307\u7684\u662f\uff1a\u94b1\u5305\u6700\u7ec8\u4f1a\u6f14\u5316\u4e3a\u6570\u5b57\u94f6\u884c\u3002<\/p>\n<p>\u6211\u4eec\u5df2\u7ecf\u770b\u5230\u8fd9\u4e00\u8d8b\u52bf\u7684\u5177\u4f53\u4f53\u73b0\uff1aMetaMask \u63a8\u51fa\u4e86\u501f\u8bb0\u5361\uff0cPhantom \u96c6\u6210\u4e86\u6cd5\u5e01\u51fa\u5165\u91d1\u901a\u9053\u3002\u65b9\u5411\u662f\u660e\u786e\u7684\uff0c\u53ea\u662f\u4ecd\u5728\u8def\u4e0a\u3002<\/p>\n<p>\u4f46\u5f53\u50cf EtherFi \u8fd9\u6837\u7684\u94fe\u4e0a\u300c\u6570\u5b57\u94f6\u884c\u300d\uff0c\u4eba\u5747\u6536\u5165\u5df2\u7ecf\u9ad8\u4e8e Revolut \u65f6\uff0c\u4e24\u8005\u4e4b\u95f4\u7684\u5dee\u8ddd\uff0c\u5176\u5b9e\u5df2\u7ecf\u6ca1\u6709\u53d9\u4e8b\u4e2d\u8bf4\u5f97\u90a3\u4e48\u5927\u3002<\/p>\n<h2>\u4ea4\u6613\uff1a\u94fe\u4e0a DEX \u6b63\u5728\u903c\u8fd1\u4f20\u7edf\u5238\u5546<\/h2>\n<p>\u628a\u89c6\u89d2\u5207\u6362\u5230\u8d44\u672c\u5e02\u573a\u3002<\/p>\n<p>\u771f\u6b63\u8ba9\u6211\u4eec\u611f\u5230\u610f\u5916\u7684\u662f\uff1a\u94fe\u4e0a\u4ea4\u6613\u6240\u7684\u6210\u4ea4\u91cf\uff0c\u5df2\u7ecf\u80fd\u4e0e\u4f20\u7edf\u5238\u5546\u6b63\u9762\u76f8\u63d0\u5e76\u8bba\u3002<\/p>\n<p>Robinhood \u5728\u8fc7\u53bb 12 \u4e2a\u6708\u4e2d\u5904\u7406\u4e86 4.6 \u4e07\u4ebf\u7f8e\u5143 \u7684\u4ea4\u6613\u91cf\uff0c\u4e3b\u8981\u6765\u81ea\u80a1\u7968\u3001\u671f\u6743\u548c\u52a0\u5bc6\u8d44\u4ea7\uff0c\u5bf9\u5e94\u7684\u8d44\u4ea7\u89c4\u6a21\u7ea6 3000 \u4ebf\u7f8e\u5143\uff08\u4e0a\u4e0b\u6d6e\u52a8\uff09\u3002<\/p>\n<p>Hyperliquid \u7684\u73b0\u8d27\u4e0e\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u91cf\u7ea6\u4e3a 2.6 \u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u7531\u52a0\u5bc6\u4ea4\u6613\u9a71\u52a8\uff0c\u4f46\u80a1\u7968\u548c\u5927\u5b97\u5546\u54c1\u6b63\u5728\u5f00\u59cb\u5360\u636e\u4efd\u989d\u3002<\/p>\n<p>Coinbase \u7684\u4ea4\u6613\u91cf\u7ea6 1.4 \u4e07\u4ebf\u7f8e\u5143\uff0c\u51e0\u4e4e\u5168\u90e8\u6765\u81ea\u52a0\u5bc6\u8d44\u4ea7\u3002<\/p>\n<p>\u4f5c\u4e3a\u300c\u8001\u6d3e\u52bf\u529b\u300d\u7684 Charles Schwab \u5e76\u672a\u4ee5\u540c\u6837\u65b9\u5f0f\u62ab\u9732\u4ea4\u6613\u91cf\uff0c\u4f46\u5176 11.6 \u4e07\u4ebf\u7f8e\u5143 \u7684\u6258\u7ba1\u8d44\u4ea7\u89c4\u6a21\uff0c\u8db3\u4ee5\u8bf4\u660e\u65b0\u8d44\u91d1\u4e0e\u65e7\u8d44\u91d1\u4e4b\u95f4\u7684\u4f53\u91cf\u5dee\u8ddd\u2014\u2014\u5927\u7ea6\u662f Robinhood \u7684 40 \u500d\u3002<\/p>\n<p>\u8fd9\u4e5f\u52fe\u52d2\u51fa\u4e00\u4e2a\u6e05\u6670\u7684\u5bf9\u6bd4\uff1a\u94fe\u4e0a\u4ea4\u6613\u5df2\u7ecf\u5728\u300c\u6d41\u91cf\u300d\u5c42\u9762\u903c\u8fd1\u4e3b\u6d41\u5238\u5546\uff0c\u4f46\u5728\u300c\u5b58\u91cf\u8d44\u4ea7\u300d\u4e0a\uff0c\u4f20\u7edf\u4f53\u7cfb\u4ecd\u5360\u636e\u538b\u5012\u6027\u4f18\u52bf\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191479641.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe8\" \/><\/p>\n<p>\u5176\u4ed6\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u540c\u6837\u4e0d\u5bb9\u5ffd\u89c6\u3002\u6bd4\u5982 Uniswap\uff0c\u8fd9\u4e2a\u8bc1\u660e\u4e86\u81ea\u52a8\u5316\u505a\u5e02\u5546\uff08AMM\uff09\u53ef\u884c\u6027\u7684\u534f\u8bae\uff0c\u4ea4\u6613\u91cf\u63a5\u8fd1 1 \u4e07\u4ebf\u7f8e\u5143\uff1bRaydium\uff08Solana \u751f\u6001\u7684\u5934\u90e8 DEX\uff09\u5b8c\u6210\u4e86 8950 \u4ebf\u7f8e\u5143\uff1bMeteora \u4e0e Aerodrome \u5408\u8ba1\u53c8\u8d21\u732e\u4e86\u7ea6 4350 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u5408\u8ba1\u6765\u770b\uff0c\u4e3b\u8981 DEX \u7684\u5904\u7406\u89c4\u6a21\u5df2\u7ecf\u4e0e Coinbase \u76f8\u5f53\u3002\u800c\u5728\u4e09\u5e74\u524d\uff0c\u8fd9\u51e0\u4e4e\u662f\u4e0d\u53ef\u60f3\u8c61\u7684\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u6211\u4eec\u5e76\u4e0d\u6e05\u695a\u8fd9\u4e9b\u4ea4\u6613\u91cf\u4e2d\uff0c\u6709\u591a\u5c11\u662f\u5237\u91cf\u3001\u591a\u5c11\u662f\u771f\u5b9e\u4ea4\u6613\uff1b\u4f46\u8d8b\u52bf\u672c\u8eab\u624d\u662f\u5173\u952e\u3002\u6b64\u5916\uff0c\u5c3d\u7ba1\u6210\u4ea4\u91cf\u7684\u300c\u8d8b\u540c\u300d\u662f\u771f\u5b9e\u5b58\u5728\u7684\uff0cDEX \u4e0e\u4f20\u7edf\u5238\u5546\u5728\u62bd\u6210\u7387\uff08take rate\uff09\u4e0a\u5374\u6709\u672c\u8d28\u5dee\u5f02\u3002<\/p>\n<p>\u4f20\u7edf\u5238\u5546 \/ \u4e2d\u5fc3\u5316\u5e73\u53f0\uff1a<\/p>\n<p>Robinhood\uff1a\u6bcf\u7b14\u4ea4\u6613\u62bd\u53d6 1.06%\uff0c\u4e3b\u8981\u6765\u81ea\u8ba2\u5355\u6d41\u652f\u4ed8\uff08PFOF\uff09\u548c\u52a0\u5bc6\u4ef7\u5dee<\/p>\n<p>Coinbase\uff1a\u7ea6 1.03%\uff0c\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e2d\u9ad8\u989d\u73b0\u8d27\u624b\u7eed\u8d39\u4ecd\u8f83\u4e3a\u5e38\u89c1<\/p>\n<p>eToro\uff1a\u5373\u4fbf\u5982\u6b64\uff0c\u4e5f\u8981 41 \u4e2a\u57fa\u70b9<\/p>\n<p>DEX \u5219\u8fd0\u884c\u5728\u5b8c\u5168\u4e0d\u540c\u7684\u5b87\u5b99\u91cc\uff1a<\/p>\n<p>Hyperliquid\uff1a3 \u4e2a\u57fa\u70b9<\/p>\n<p>Uniswap\uff1a9 \u4e2a\u57fa\u70b9<\/p>\n<p>Aerodrome\uff1a9 \u4e2a\u57fa\u70b9<\/p>\n<p>Raydium\uff1a5 \u4e2a\u57fa\u70b9<\/p>\n<p>Meteora\uff1a31 \u4e2a\u57fa\u70b9\uff08\u660e\u663e\u7684\u4f8b\u5916\uff09<\/p>\n<p>\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u80fd\u591f\u4ea7\u751f\u6781\u9ad8\u7684\u4ea4\u6613\u91cf\uff0c\u4f46\u7531\u4e8e\u5bf9\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff08LP\uff09\u548c\u4ea4\u6613\u8005\u7684\u7ade\u4e89\u5f02\u5e38\u6fc0\u70c8\uff0c\u5176\u62bd\u6210\u7387\u88ab\u663e\u8457\u538b\u4f4e\u3002<\/p>\n<p>\u8fd9\u4e0e\u4f20\u7edf\u5e02\u573a\u4e2d\u7684\u5206\u5de5\u903b\u8f91\u9887\u4e3a\u76f8\u4f3c\uff1a\u771f\u6b63\u7684\u4ea4\u6613\u6240\uff08\u5982 NASDAQ\u3001Intercontinental Exchange\uff09\u4e0e\u5c06\u5ba2\u6237\u5e26\u5230\u4ea4\u6613\u573a\u6240\u7684\u5238\u5546\uff0c\u672c\u5c31\u627f\u62c5\u7740\u4e0d\u540c\u7684\u804c\u80fd\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191593476.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe9\" \/><\/p>\n<p>\u8fd9\u6b63\u662f DEX \u7684\u6096\u8bba\u3002<\/p>\n<p>DEX \u5df2\u7ecf\u6784\u5efa\u8d77\u53ef\u5728\u6210\u4ea4\u91cf\u4e0a\u4e0e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6b63\u9762\u7ade\u4e89\u7684\u4ea4\u6613\u57fa\u7840\u8bbe\u65bd\uff1a7\u00d724 \u5c0f\u65f6\u8fd0\u884c\u3001\u51e0\u4e4e\u65e0\u505c\u673a\u3001\u4e0d\u9700\u8981 KYC\u3001\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u4e0a\u5e01\u3002\u4f46\u5728 1 \u4e07\u4ebf\u7f8e\u5143 \u7684\u4ea4\u6613\u91cf\u4e0a\uff0c\u5373\u4fbf 9 \u4e2a\u57fa\u70b9 \u7684\u62bd\u6210\uff0cUniswap \u4e5f\u53ea\u80fd\u4ea7\u751f\u7ea6 9 \u4ebf\u7f8e\u5143 \u7684\u624b\u7eed\u8d39\u3001\u7ea6 2900 \u4e07\u7f8e\u5143 \u7684\u6536\u5165\uff1b\u800c\u5728 1.4 \u4e07\u4ebf\u7f8e\u5143 \u7684\u4ea4\u6613\u91cf\u4e0a\uff0c1% \u7684\u62bd\u6210\u7387\u8ba9 Coinbase \u4ea7\u751f\u4e86 140 \u4ebf\u7f8e\u5143 \u7684\u6536\u5165\u3002<\/p>\n<p>\u5728\u5e02\u573a\u4f30\u503c\u4e0a\uff0c\u8fd9\u4e00\u5dee\u5f02\u5f97\u5230\u4e86\u5982\u5b9e\u53cd\u6620\uff1a<\/p>\n<p>Coinbase\uff1a7.1\u00d7 \u9500\u552e\u989d\uff08Sales\uff09<\/p>\n<p>Robinhood\uff1a21.3\u00d7\uff08\u5bf9\u5238\u5546\u800c\u8a00\u504f\u9ad8\uff0c\u4f46\u7531\u589e\u957f\u6027\u652f\u6491\uff09<\/p>\n<p>Charles Schwab\uff1a8.0\u00d7\uff08\u6210\u719f\u4e1a\u52a1\u7684\u6210\u719f\u500d\u6570\uff09<\/p>\n<p>Uniswap\uff1a5.0\u00d7 \u624b\u7eed\u8d39\uff08Fees\uff09<\/p>\n<p>Aerodrome\uff1a4.8\u00d7 \u624b\u7eed\u8d39<\/p>\n<p>Raydium\uff1a1.3\u00d7 \u624b\u7eed\u8d39<\/p>\n<p>\u7ed3\u8bba\u5e76\u4e0d\u590d\u6742\uff1a\u5e02\u573a\u5e76\u672a\u5c06\u8fd9\u4e9b\u534f\u8bae\u6309\u300c\u9ad8\u589e\u957f\u79d1\u6280\u516c\u53f8\u300d\u6765\u5b9a\u4ef7\uff0c\u5176\u4e2d\u4e00\u4e2a\u91cd\u8981\u539f\u56e0\u5728\u4e8e\u2014\u2014\u76f8\u8f83\u4f20\u7edf\u5238\u5546\uff0c\u5b83\u4eec\u7684\u62bd\u6210\u7387\u66f4\u4f4e\uff0c\u56e0\u800c\u53ef\u6355\u83b7\u7684\u7ecf\u6d4e\u4ef7\u503c\u4e5f\u66f4\u5c11\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191766198.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe10\" \/><\/p>\n<p>\u4ece\u80a1\u4ef7\u8868\u73b0\u6765\u770b\uff0c\u5e02\u573a\u60c5\u7eea\u7684\u6d41\u5411\u4e00\u76ee\u4e86\u7136\u3002<\/p>\n<p>Robinhood \u81ea 2024 \u5e74\u672b\u4ee5\u6765\u4e0a\u6da8\u7ea6 5.7 \u500d\uff0c\u53d7\u76ca\u4e8e\u6563\u6237\u6295\u8d44\u56de\u6696\u4e0e\u52a0\u5bc6\u884c\u60c5\u53cd\u5f39\uff1bCoinbase \u5728\u540c\u671f\u4e0a\u6da8\u7ea6 20%\uff1b\u800c Uniswap\uff0c\u8fd9\u4e2a\u300c\u50ac\u751f\u4e86\u4e0a\u5343\u4e2a DEX \u5206\u53c9\u300d\u7684\u534f\u8bae\uff0c\u80a1\u4ef7\uff08\u4ee3\u5e01\uff09\u5374\u4e0b\u8dcc\u4e86 40%\u3002<\/p>\n<p>\u5c3d\u7ba1\u5927\u91cf\u4ea4\u6613\u91cf\u6301\u7eed\u6d41\u7ecf\u8fd9\u4e9b DEX\uff0c\u76f8\u5173\u4ee3\u5e01\u5e76\u672a\u6355\u83b7\u5230\u540c\u7b49\u7a0b\u5ea6\u7684\u4ef7\u503c\uff0c\u90e8\u5206\u539f\u56e0\u5728\u4e8e\uff1a\u5b83\u4eec\u4f5c\u4e3a\u6295\u8d44\u5de5\u5177\u7684\u300c\u7528\u9014\u300d\u5e76\u4e0d\u591f\u6e05\u6670\u3002<\/p>\n<p>\u552f\u4e00\u7684\u4f8b\u5916\u662f Hyperliquid\u3002\u7531\u4e8e\u5176\u89c4\u6a21\u7684\u7206\u53d1\u5f0f\u589e\u957f\uff0cHyperliquid \u7684\u8868\u73b0\u51e0\u4e4e\u4e0e Robinhood \u540c\u6b65\uff0c\u5728\u540c\u4e00\u65f6\u671f\u5b9e\u73b0\u4e86\u63a5\u8fd1\u7684\u6da8\u5e45\u3002<\/p>\n<p><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311191909458.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe11\" \/><\/p>\n<p>\u5c3d\u7ba1\u4ece\u5386\u53f2\u4e0a\u770b\uff0cDEX \u5f80\u5f80\u96be\u4ee5\u6355\u83b7\u4ef7\u503c\u3001\u5e76\u88ab\u89c6\u4e3a\u4e00\u79cd\u516c\u5171\u54c1\uff0c\u4f46\u50cf Uniswap \u8fd9\u6837\u7684\u9879\u76ee\uff0c\u5df2\u7ecf\u5f00\u59cb\u6253\u5f00\u5b83\u4eec\u7684\u300c\u624b\u7eed\u8d39\u5f00\u5173\uff08fee switch\uff09\u300d\u2014\u2014\u5c06\u624b\u7eed\u8d39\u7528\u4e8e\u56de\u8d2d\u5e76\u9500\u6bc1 UNI \u4ee3\u5e01\u3002\u76ee\u524d\uff0cUniswap \u7684\u5e74\u5316\u6536\u5165\u7ea6\u4e3a 3200 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>\u6211\u4eec\u5bf9\u672a\u6765\u4fdd\u6301\u4e50\u89c2\uff1a\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u4ea4\u6613\u91cf\u8fc1\u79fb\u5230\u94fe\u4e0a\uff0c\u4ef7\u503c\u6709\u671b\u9010\u6b65\u56de\u6d41\u5230 DEX \u4ee3\u5e01\u672c\u8eab\uff0cHyperliquid \u5c31\u662f\u4e00\u4e2a\u6210\u529f\u8303\u4f8b\u3002<\/p>\n<p>\u4f46\u5c31\u5f53\u4e0b\u800c\u8a00\uff0c\u5728\u4ee3\u5e01\u6301\u6709\u8005\u5c1a\u672a\u5b9e\u73b0\u7c7b\u4f3c Hyperliquid \u90a3\u6837\u6e05\u6670\u3001\u76f4\u63a5\u7684\u4ef7\u503c\u6355\u83b7\u673a\u5236\u4e4b\u524d\uff0cDEX \u4ee3\u5e01\u7684\u8868\u73b0\uff0c\u4ecd\u5c06\u843d\u540e\u4e8e\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08CEX\uff09\u7684\u80a1\u7968\u3002<\/p>\n<h2>\u501f\u8d37\uff1a\u4e3a\u4e0b\u4e00\u4ee3\u91d1\u878d\u4f53\u7cfb\u505a\u300c\u627f\u4fdd\u300d<\/h2>\n<p>\u5728\u501f\u8d37\u8fd9\u4e00\u73af\u8282\uff0c\u5bf9\u6bd4\u53d8\u5f97\u66f4\u52a0\u8010\u4eba\u5bfb\u5473\u3002<\/p>\n<p>\u4e00\u8fb9\uff0c\u662f\u91d1\u878d\u79d1\u6280\u7684\u6838\u5fc3\u4e1a\u52a1\u2014\u2014\u65e0\u62b5\u62bc\u7684\u6d88\u8d39\u4fe1\u8d37\uff1a<\/p>\n<p>Affirm\uff1a\u8ba9\u4f60\u628a\u4e00\u8f86 Peloton \u81ea\u884c\u8f66\u62c6\u6210\u56db\u671f\u4ed8\u6b3e<\/p>\n<p>Klarna\uff1a\u4e3a\u5feb\u65f6\u5c1a\u63d0\u4f9b\u540c\u6837\u7684\u5206\u671f\u670d\u52a1<\/p>\n<p>LendingClub\uff1a\u66fe\u5f00\u521b P2P \u501f\u8d37\u6a21\u5f0f\uff0c\u540e\u8f6c\u578b\u4e3a\u771f\u6b63\u7684\u94f6\u884c<\/p>\n<p>Funding Circle\uff1a\u4e3a\u4e2d\u5c0f\u4f01\u4e1a\u505a\u8d37\u6b3e\u627f\u4fdd<\/p>\n<p>\u8fd9\u4e9b\u516c\u53f8\u7684\u8d5a\u94b1\u903b\u8f91\u9ad8\u5ea6\u4e00\u81f4\uff1a\u5411\u501f\u6b3e\u4eba\u6536\u53d6\u7684\u5229\u7387\u9ad8\u4e8e\u5411\u5b58\u6b3e\u4eba\u652f\u4ed8\u7684\u6210\u672c\uff0c\u5e76\u7948\u7977\u8fdd\u7ea6\u7387\u4e0d\u4f1a\u541e\u566c\u6389\u8fd9\u90e8\u5206\u5229\u5dee\u3002<\/p>\n<p>\u53e6\u4e00\u8fb9\uff0c\u5219\u662f\u6709\u62b5\u62bc\u7684 DeFi \u501f\u8d37\uff1aAave\u3001Morpho\u3001Euler<\/p>\n<p>\u5728\u8fd9\u91cc\uff0c\u501f\u6b3e\u4eba\u62b5\u62bc ETH\uff0c\u501f\u51fa USDC\uff0c\u5e76\u652f\u4ed8\u7531\u7b97\u6cd5\u51b3\u5b9a\u7684\u5229\u7387\uff1b\u4e00\u65e6\u62b5\u62bc\u54c1\u4ef7\u683c\u4e0b\u8dcc\u5230\u5371\u9669\u6c34\u5e73\uff0c\u534f\u8bae\u4f1a\u81ea\u52a8\u6e05\u7b97\u2014\u2014\u6ca1\u6709\u50ac\u6536\u7535\u8bdd\uff0c\u4e5f\u4e0d\u5b58\u5728\u574f\u8d26\u6838\u9500\u3002<\/p>\n<p>\u8fd9\u672c\u8d28\u4e0a\u662f\u4e24\u79cd\u5b8c\u5168\u4e0d\u540c\u7684\u5546\u4e1a\u6a21\u5f0f\uff0c\u53ea\u662f\u6070\u597d\u90fd\u53eb\u300c\u501f\u8d37\u300d\u3002<\/p>\n<h3>\u5148\u4ece\u8d37\u6b3e\u89c4\u6a21\u8bf4\u8d77<\/h3>\n<p>Aave \u7684\u5728\u8d37\u89c4\u6a21\u4e3a 226 \u4ebf\u7f8e\u5143<\/p>\n<p>\u8fd9\u5df2\u7ecf\u8d85\u8fc7\u4ee5\u4e0b\u516c\u53f8\u4e4b\u548c\uff1a<\/p>\n<p>Klarna\uff1a101 \u4ebf\u7f8e\u5143<\/p>\n<p>Affirm\uff1a72 \u4ebf\u7f8e\u5143<\/p>\n<p>Funding Circle\uff1a28 \u4ebf\u7f8e\u5143<\/p>\n<p>LendingClub\uff1a26 \u4ebf\u7f8e\u5143<\/p>\n<p>\u6700\u5927 DeFi \u501f\u8d37\u534f\u8bae\u7684\u8d37\u6b3e\u89c4\u6a21\uff0c\u5df2\u7ecf\u8d85\u8fc7\u4e86\u6700\u5927\u7684 BNPL \u5e73\u53f0\u3002<\/p>\n<p>\u8bf7\u505c\u4e0b\u6765\uff0c\u8ba4\u771f\u611f\u53d7\u4e00\u4e0b\u8fd9\u4e2a\u4e8b\u5b9e\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192113177.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe12\" \/><\/p>\n<p>Morpho \u53e6\u5916\u589e\u52a0\u4e86 37 \u4ebf\u7f8e\u5143\u3002Euler \u5728 2023 \u5e74\u906d\u9047\u6f0f\u6d1e\u653b\u51fb\u540e\u91cd\u542f\uff0c\u76ee\u524d\u89c4\u6a21\u4e3a 8.61 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u603b\u4f53\u6765\u770b\uff0cDeFi \u501f\u8d37\u4f53\u7cfb\u5728\u5927\u7ea6\u56db\u5e74\u5185\u5c31\u53d1\u5c55\u5230\u8db3\u4ee5\u4e0e\u6574\u4e2a\u4e0a\u5e02\u6570\u5b57\u501f\u8d37\u884c\u4e1a\u76f8\u6297\u8861\u7684\u4f53\u91cf\u2014\u2014\u4f46\u5176\u7ecf\u6d4e\u7ed3\u6784\u5374\u662f\u5012\u7f6e\u7684\u3002<\/p>\n<p>\u5728\u4f20\u7edf\u91d1\u878d\u79d1\u6280\u8fd9\u8fb9\uff1aFunding Circle \u7684\u300c\u51c0\u5229\u606f\u6536\u76ca\u7387\uff08net interest margin\uff09\u300d\u4e3a 9.35%\uff08\u8fd9\u4e0e\u5176\u66f4\u63a5\u8fd1\u79c1\u52df\u4fe1\u8d37\u7684\u4e1a\u52a1\u6a21\u5f0f\u6709\u5173\uff09\uff1bLendingClub \u4e3a 6.18%\uff1bAffirm \u867d\u7136\u662f BNPL \u516c\u53f8\u800c\u975e\u4f20\u7edf\u653e\u8d37\u673a\u6784\uff0c\u4f46\u4ecd\u80fd\u83b7\u5f97 5.25%\u3002<\/p>\n<p>\u8fd9\u4e9b\u90fd\u662f\u76f8\u5f53\u300c\u80a5\u300d\u7684\u5229\u5dee\u2014\u2014\u672c\u8d28\u4e0a\u662f\u5bf9\u5b83\u4eec\u627f\u62c5\u4fe1\u7528\u98ce\u9669\u3001\u4eb2\u81ea\u8fdb\u884c\u6388\u4fe1\u4e0e\u98ce\u63a7\uff08underwriting\uff09\u7684\u4e00\u79cd\u8865\u507f\u3002<\/p>\n<p>\u800c\u5728\u52a0\u5bc6\u4e16\u754c\u8fd9\u8fb9\uff1aAave \u7684\u51c0\u5229\u606f\u6536\u76ca\u7387\u4ec5 0.98%\uff1bMorpho \u4e3a 1.51%\uff1bEuler \u4e3a 1.30%\u3002<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0cDeFi \u534f\u8bae\u5373\u4fbf\u62e5\u6709\u66f4\u5927\u7684\u8d37\u6b3e\u89c4\u6a21\uff0c\u8d5a\u5230\u7684\u5229\u5dee\u5374\u666e\u904d\u4f4e\u4e8e\u91d1\u878d\u79d1\u6280\u653e\u8d37\u673a\u6784\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192223320.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe13\" \/><\/p>\n<p>DeFi \u501f\u8d37\u5728\u8bbe\u8ba1\u4e0a\u662f\u8d85\u989d\u62b5\u62bc\u7684\u3002<\/p>\n<p>\u5728 Aave \u4e0a\u501f\u51fa 100 \u7f8e\u5143\uff0c\u901a\u5e38\u9700\u8981\u63d0\u4f9b 150 \u7f8e\u5143\u751a\u81f3\u66f4\u591a \u7684\u62b5\u62bc\u54c1\u3002\u534f\u8bae\u672c\u8eab\u5e76\u4e0d\u627f\u62c5\u4fe1\u7528\u98ce\u9669\uff0c\u800c\u662f\u627f\u62c5\u6e05\u7b97\u98ce\u9669\u2014\u2014\u8fd9\u5b8c\u5168\u662f\u53e6\u4e00\u79cd\u6027\u8d28\u7684\u98ce\u9669\u3002<br \/>\u501f\u6b3e\u4eba\u652f\u4ed8\u7684\u8d39\u7528\uff0c\u672c\u8d28\u4e0a\u662f\u4e3a\u6760\u6746\u548c\u6d41\u52a8\u6027\u4e70\u5355\uff0c\u800c\u4e0d\u662f\u4e3a\u83b7\u53d6\u539f\u672c\u65e0\u6cd5\u83b7\u5f97\u7684\u4fe1\u7528\u8d44\u683c\u4ed8\u8d39\u3002<\/p>\n<p>\u91d1\u878d\u79d1\u6280\u653e\u8d37\u673a\u6784\u5219\u6070\u6070\u76f8\u53cd\u3002\u5b83\u4eec\u5411\u6d88\u8d39\u8005\u63d0\u4f9b\u65e0\u62b5\u62bc\u4fe1\u8d37\uff0c\u6ee1\u8db3\u300c\u5148\u4e70\u540e\u4ed8\u300d\u7684\u9700\u6c42\uff1b\u5229\u5dee\u7684\u5b58\u5728\uff0c\u662f\u4e3a\u4e86\u8865\u507f\u90a3\u4e9b\u6839\u672c\u4e0d\u4f1a\u8fd8\u6b3e\u7684\u4eba\u3002<\/p>\n<p>\u8fd9\u4e00\u70b9\u4f1a\u76f4\u63a5\u4f53\u73b0\u5728\u771f\u5b9e\u8fdd\u7ea6\u9020\u6210\u7684\u635f\u5931\u6570\u636e\u4e2d\uff0c\u800c\u5982\u4f55\u7ba1\u7406\u8fd9\u4e9b\u8fdd\u7ea6\u98ce\u9669\uff0c\u6b63\u662f\u6388\u4fe1\u4e0e\u98ce\u63a7\uff08underwriting\uff09\u7684\u6838\u5fc3\u5de5\u4f5c\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192346436.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe14\" \/><\/p>\n<p>\u90a3\u4e48\uff0c\u54ea\u4e00\u79cd\u6a21\u5f0f\u66f4\u597d\uff1f\u7b54\u6848\u53d6\u51b3\u4e8e\u4f60\u60f3\u4f18\u5316\u4ec0\u4e48\u76ee\u6807\u3002<\/p>\n<p>\u91d1\u878d\u79d1\u6280\u501f\u8d37\u670d\u52a1\u7684\u662f\u90a3\u4e9b\u5f53\u4e0b\u5e76\u6ca1\u6709\u94b1\u3001\u4f46\u5e0c\u671b\u5148\u6d88\u8d39\u7684\u501f\u6b3e\u4eba\uff0c\u56e0\u6b64\u5fc5\u987b\u627f\u62c5\u771f\u5b9e\u7684\u6388\u4fe1\u4e0e\u8fdd\u7ea6\u98ce\u9669\u3002\u8fd9\u662f\u4e00\u95e8\u6b8b\u9177\u7684\u751f\u610f\u3002\u65e9\u671f\u7684\u4e00\u6279\u6570\u5b57\u653e\u8d37\u673a\u6784\uff08\u5982 OnDeck\u3001LendingClub\u3001Prosper\uff09\u90fd\u66fe\u591a\u6b21\u5f98\u5f8a\u5728\u300c\u6fd2\u6b7b\u8fb9\u7f18\u300d\u3002<br \/>\u5373\u4fbf Affirm \u7684\u4e1a\u52a1\u672c\u8eab\u8fd0\u8f6c\u826f\u597d\uff0c\u5176\u80a1\u4ef7\u4ecd\u8f83\u5386\u53f2\u9ad8\u70b9\u4e0b\u8dcc\u4e86\u7ea6 60%\u2014\u2014\u539f\u56e0\u5f80\u5f80\u5728\u4e8e\uff0c\u5e02\u573a\u7528 SaaS \u7684\u4f30\u503c\u903b\u8f91 \u53bb\u5b9a\u4ef7\u5176\u6388\u4fe1\u6536\u5165\uff0c\u5374\u6ca1\u6709\u5145\u5206\u8ba1\u5165\u672a\u6765\u4e0d\u53ef\u907f\u514d\u7684\u4fe1\u7528\u635f\u5931\u3002<\/p>\n<p>DeFi \u501f\u8d37\u5219\u672c\u8d28\u4e0a\u662f\u4e00\u95e8\u6760\u6746\u751f\u610f\u3002<\/p>\n<p>\u5b83\u670d\u52a1\u7684\u5e76\u4e0d\u662f\u300c\u6ca1\u94b1\u7684\u4eba\u300d\uff0c\u800c\u662f\u5df2\u7ecf\u6301\u6709\u8d44\u4ea7\u3001\u4f46\u4e0d\u60f3\u5356\u51fa\u3001\u53ea\u60f3\u83b7\u53d6\u6d41\u52a8\u6027\u7684\u7528\u6237\uff0c\u66f4\u50cf\u662f\u4e00\u4e2a\u4fdd\u8bc1\u91d1\u8d26\u6237\u3002\u8fd9\u91cc\u4e0d\u5b58\u5728\u4f20\u7edf\u610f\u4e49\u4e0a\u7684\u4fe1\u7528\u51b3\u7b56\uff0c\u552f\u4e00\u7684\u5224\u65ad\u6807\u51c6\u662f\u62b5\u62bc\u54c1\u7684\u8d28\u91cf\u3002<\/p>\n<p>\u8fd9\u79cd\u6a21\u5f0f\u8d44\u672c\u6548\u7387\u9ad8\u3001\u53ef\u6269\u5c55\u6027\u5f3a\uff0c\u5728\u6781\u5927\u7684\u89c4\u6a21\u4e0a\u8d5a\u53d6\u6781\u8584\u7684\u5229\u5dee\uff1b\u4f46\u5b83\u4e5f\u6709\u660e\u663e\u7684\u9002\u7528\u8fb9\u754c\u2014\u2014\u53ea\u5bf9\u90a3\u4e9b\u5df2\u7ecf\u5728\u94fe\u4e0a\u3001\u4e14\u62e5\u6709\u5927\u91cf\u8d44\u4ea7\u3001\u5e0c\u671b\u5728\u4e0d\u5356\u51fa\u8d44\u4ea7\u7684\u524d\u63d0\u4e0b\u83b7\u53d6\u6536\u76ca\u6216\u989d\u5916\u6760\u6746\u7684\u4eba\u6709\u7528\u3002<\/p>\n<h2>\u9884\u6d4b\u5e02\u573a\uff1a\u8c01\u4e5f\u8bf4\u4e0d\u51c6\uff1f<\/h2>\n<p>\u6700\u540e\uff0c\u6211\u4eec\u6765\u770b\u9884\u6d4b\u5e02\u573a\uff08Prediction Markets\uff09\u3002<\/p>\n<p>\u8fd9\u662f Fintech \u4e0e DeFi \u4e4b\u95f4\u6700\u65b0\u7684\u6218\u573a\uff0c\u4e5f\u662f\u6700\u5947\u7279\u7684\u4e00\u4e2a\u3002\u51e0\u5341\u5e74\u6765\uff0c\u5b83\u4eec\u4e00\u76f4\u53ea\u662f\u5b66\u672f\u610f\u4e49\u4e0a\u7684\u300c\u5947\u8469\u300d\uff1a\u7ecf\u6d4e\u5b66\u5bb6\u70ed\u7231\u5b83\u4eec\uff0c\u76d1\u7ba1\u8005\u5374\u907f\u4e4b\u4e0d\u53ca\u3002<\/p>\n<p>Iowa Electronic Markets \u66fe\u5c0f\u89c4\u6a21\u8fd0\u884c\u9009\u4e3e\u9884\u6d4b\uff1bIntrade \u4e00\u5ea6\u77ed\u6682\u7e41\u8363\uff0c\u968f\u540e\u88ab\u5173\u505c\uff1b\u66f4\u591a\u9879\u76ee\u5219\u88ab\u76f4\u63a5\u5f52\u7c7b\u4e3a\u8d4c\u535a\u6216\u4f53\u80b2\u535a\u5f69\u3002<\/p>\n<p>\u300c\u901a\u8fc7\u4ea4\u6613\u73b0\u5b9e\u4e16\u754c\u4e8b\u4ef6\u7ed3\u679c\uff0c\u5e76\u4e14\u8fd9\u4e9b\u5e02\u573a\u80fd\u6bd4\u6c11\u8c03\u6216\u8bc4\u8bba\u5458\u7ed9\u51fa\u66f4\u597d\u7684\u9884\u6d4b\u300d\u2014\u2014\u8fd9\u4e00\u60f3\u6cd5\uff0c\u957f\u671f\u505c\u7559\u5728\u7406\u8bba\u5c42\u9762\u3002<\/p>\n<p>\u8fd9\u4e00\u5207\u5728 2024 \u5e74 \u53d1\u751f\u4e86\u6539\u53d8\uff0c\u5e76\u5728\u7279\u6717\u666e\u7b2c\u4e8c\u4efb\u671f\u671f\u95f4\u52a0\u901f\uff1aPolymarket \u5904\u7406\u4e86\u8d85\u8fc7 10 \u4ebf\u7f8e\u5143\u7684\u9009\u4e3e\u6295\u6ce8\uff1bKalshi \u8d62\u5f97\u4e86\u4e0e CFTC \u7684\u8bc9\u8bbc\uff0c\u5f00\u59cb\u5411\u7f8e\u56fd\u7528\u6237\u63a8\u51fa\u653f\u6cbb\u5408\u7ea6\uff1bRobinhood \u4e00\u5982\u65e2\u5f80\u5730\u4e0d\u613f\u9519\u8fc7\u4efb\u4f55\u8d8b\u52bf\uff0c\u8fc5\u901f\u4e0a\u7ebf\u4e86\u4e8b\u4ef6\u5408\u7ea6\uff1bDraftKings\u901a\u8fc7\u6bcf\u65e5\u5e7b\u60f3\u4f53\u80b2\u65e9\u5df2\u5728\u4e8b\u5b9e\u4e0a\u8fd0\u884c\u7740\u4e00\u79cd\u9884\u6d4b\u5e02\u573a\uff0c\u5219\u5728\u4e00\u65c1\u89c2\u671b\uff0c\u5750\u62e5 157 \u4ebf\u7f8e\u5143\u7684\u5e02\u503c\u548c 55 \u4ebf\u7f8e\u5143 \u7684\u5e74\u6536\u5165\u3002<\/p>\n<p>\u9884\u6d4b\u5e02\u573a\uff0c\u7ec8\u4e8e\u4ece\u8fb9\u7f18\u5b9e\u9a8c\uff0c\u8d70\u5411\u4e86\u91d1\u878d\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u4e2d\u5fc3\u821e\u53f0\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192597616.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe15\" \/><\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192855849.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe16\" \/><\/p>\n<p>\u8fd9\u4e2a\u8d5b\u9053\u5728\u5927\u7ea6 18 \u4e2a\u6708\u5185\uff0c\u4ece\u5c0f\u4f17\u5b9e\u9a8c\u8fc5\u901f\u8d70\u5411\u4e3b\u6d41\u2014\u2014\u9884\u6d4b\u5e02\u573a\u7684\u5468\u4ea4\u6613\u91cf\u5df2\u8fbe\u5230\u7ea6 70 \u4ebf\u7f8e\u5143\uff0c\u518d\u521b\u5386\u53f2\u65b0\u9ad8\u3002<\/p>\n<p>DraftKings \u5728\u8fc7\u53bb 12 \u4e2a\u6708\u4e2d\u7684\u4ea4\u6613\u91cf\u4e3a 517 \u4ebf\u7f8e\u5143\uff1bPolymarket \u8fbe\u5230 246 \u4ebf\u7f8e\u5143\uff0c\u7ea6\u4e3a DraftKings \u7684\u4e00\u534a\uff0c\u800c\u5b83\u4ecd\u662f\u4e00\u4e2a crypto-native \u7684\u534f\u8bae\uff0c\u7406\u8bba\u4e0a\u7f8e\u56fd\u7528\u6237\u5e76\u4e0d\u88ab\u5141\u8bb8\u4f7f\u7528\uff1bKalshi \u4f5c\u4e3a\u5408\u89c4\u7684\u7f8e\u56fd\u672c\u571f\u66ff\u4ee3\u65b9\u6848\uff0c\u4ea4\u6613\u91cf\u4e3a 91 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u4ec5\u4ece\u4ea4\u6613\u91cf\u770b\uff0cPolymarket \u5df2\u5177\u5907\u76f8\u5f53\u5f3a\u7684\u7ade\u4e89\u529b\u3002\u5b83\u5728 Polygon \u4e0a\u6784\u5efa\u4e86\u4e00\u4e2a\u6d41\u52a8\u6027\u5145\u8db3\u3001\u8986\u76d6\u5168\u7403\u7684\u9884\u6d4b\u5e02\u573a\uff0c\u800c\u4e0e\u6b64\u540c\u65f6\uff0cKalshi \u8fd8\u5728\u4e3a\u5408\u89c4\u8d44\u683c\u5954\u8d70\u4e8e\u6cd5\u5ead\u4e4b\u95f4\u3002<\/p>\n<p>\u4f46\u5f53\u6211\u4eec\u8f6c\u5411\u6536\u5165\uff0c\u5bf9\u6bd4\u5c31\u5f00\u59cb\u5931\u8861\u4e86\u3002<\/p>\n<p>DraftKings \u53bb\u5e74\u5b9e\u73b0\u4e86 54.6 \u4ebf\u7f8e\u5143 \u7684\u6536\u5165\uff1bKalshi \u4ec5\u4e3a 2.64 \u4ebf\u7f8e\u5143\uff1bPolymarket \u5219\u662f\u5728\u4e3a 15 \u5206\u949f\u671f\u7684\u52a0\u5bc6\u5e02\u573a\u5f00\u542f\u5403\u5355\u624b\u7eed\u8d39\uff08taker fees\uff09\u4e4b\u540e\uff0c\u624d\u5b9e\u73b0\u4e86\u7ea6 3800 \u4e07\u7f8e\u5143 \u7684\u5e74\u5316\u6536\u5165\u8fd0\u884c\u7387\u3002<\/p>\n<p>\u8fd9\u518d\u6b21\u63ed\u793a\u4e86\u4e00\u4e2a\u719f\u6089\u7684\u5206\u91ce\uff1a\u5728\u300c\u89c4\u6a21\u300d\u4e0a\uff0cDeFi \u5df2\u7ecf\u8ffd\u4e86\u4e0a\u6765\uff1b\u4f46\u5728\u300c\u53d8\u73b0\u80fd\u529b\u300d\u4e0a\uff0c\u4f20\u7edf\u91d1\u878d\u4e0e\u535a\u5f69\u516c\u53f8\u4f9d\u7136\u5360\u636e\u538b\u5012\u6027\u4f18\u52bf\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311192966272.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe17\" \/><\/p>\n<p>\u5dee\u8ddd\u7684\u6838\u5fc3\u5728\u4e8e\u62bd\u6210\u7387\uff08take rate\uff09\u2014\u2014\u5728\u4f53\u80b2\u535a\u5f69\u8bed\u5883\u4e2d\uff0c\u4e5f\u88ab\u79f0\u4e3a\u300chold\u300d\u3002<\/p>\n<p>DraftKings\uff1a\u5bf9\u6bcf\u4e00\u7f8e\u5143\u6295\u6ce8\u62bd\u53d6 10.57%\u3002\u8fd9\u662f\u5178\u578b\u7684\u4f53\u80b2\u535a\u5f69\u6a21\u5f0f\u2014\u2014\u5e84\u5bb6\u5b9a\u4ef7\u3001\u63d0\u4f9b\u8d54\u7387\u5e76\u7ba1\u7406\u98ce\u9669\uff0c\u4ece\u4e2d\u83b7\u53d6\u53ef\u89c2\u5206\u6210\u3002<\/p>\n<p>Kalshi\uff1a\u62bd\u6210 2.91%\uff0c\u4f5c\u4e3a\u91d1\u878d\u5316\u7684\u4ea4\u6613\u6240\u6a21\u5f0f\uff0c\u8fd9\u4e00\u6c34\u5e73\u66f4\u4f4e\u3001\u4e5f\u66f4\u7b26\u5408\u5176\u5b9a\u4f4d\u3002<\/p>\n<p>Polymarket\uff1a\u4ec5 0.15%\u3002\u5728 246 \u4ebf\u7f8e\u5143 \u7684\u4ea4\u6613\u91cf\u4e0a\uff0c\u76ee\u524d\u80fd\u6355\u83b7\u7684\u6536\u5165\u975e\u5e38\u6709\u9650\u3002<\/p>\n<p>\u7ed3\u8bba\u5f88\u76f4\u63a5\uff1a\u9884\u6d4b\u5e02\u573a\u7684\u5206\u5316\uff0c\u5e76\u4e0d\u5728\u300c\u89c4\u6a21\u300d\uff0c\u800c\u5728\u300c\u62bd\u6210\u7ed3\u6784\u300d\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311193082505.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe18\" \/><\/p>\n<p>\u8fd9\u51e0\u4e4e\u662f DEX \u903b\u8f91 \u7684\u518d\u6b21\u4e0a\u6f14\u3002<\/p>\n<p>Polymarket \u5e76\u6ca1\u6709\u628a\u91cd\u70b9\u653e\u5728\u4ef7\u503c\u6355\u83b7\u4e0a\uff0c\u800c\u662f\u4e13\u6ce8\u4e8e\u4e3a\u9884\u6d4b\u5e02\u573a\u63d0\u4f9b\u57fa\u7840\u8bbe\u65bd\uff1a\u64ae\u5408\u4e70\u5356\u53cc\u65b9\u3001\u5e76\u5728\u94fe\u4e0a\u5b8c\u6210\u5408\u7ea6\u7ed3\u7b97\u3002\u5b83\u4e0d\u96c7\u4f63\u8d54\u7387\u5236\u5b9a\u8005\uff0c\u4e0d\u7ba1\u7406\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c\u4e5f\u4e0d\u7ad9\u5728\u4f60\u8d4c\u5c40\u7684\u5bf9\u624b\u65b9\u3002\u6548\u7387\u786e\u5b9e\u60ca\u4eba\uff0c\u4f46\u53d8\u73b0\u5e76\u4e0d\u662f\u5f53\u524d\u7684\u6838\u5fc3\u76ee\u6807\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u6295\u8d44\u4eba\u663e\u7136\u76f8\u4fe1 Polymarket \u7ec8\u5c06\u5b9e\u73b0\u53d8\u73b0\uff0cPolymarket \u7684\u4f30\u503c\u7ea6 90 \u4ebf\u7f8e\u5143\uff0c\u5bf9\u5e94 240 \u500d\u5e02\u9500\u7387\uff08Sales Multiple\uff09\uff1b<\/p>\n<p>Kalshi \u4ee5 110 \u4ebf\u7f8e\u5143 \u7684\u4f30\u503c\u30012.64 \u4ebf\u7f8e\u5143 \u7684\u6536\u5165\u4ea4\u6613\uff0c\u7ea6 42 \u500d\uff1b<\/p>\n<p>DraftKings \u7684\u5e02\u9500\u7387\u4ec5 2.9 \u500d\u3002<\/p>\n<p>\u98ce\u9669\u6295\u8d44\u673a\u6784\u51e0\u4e4e\u505c\u4e0d\u4e0b\u5411\u8fd9\u4e9b\u5e73\u53f0\u7838\u94b1\u7684\u8282\u594f\uff0c\u800c\u4e0e\u6b64\u540c\u65f6\uff0c\u50cf DraftKings \u4ee5\u53ca Flutter Entertainment\uff08\u65d7\u4e0b FanDuel\uff09\u8fd9\u6837\u7684\u300c\u4f20\u7edf\u73a9\u5bb6\u300d\uff0c\u80a1\u4ef7\u5374\u5728\u6301\u7eed\u627f\u538b\u3002<\/p>\n<p>\u8fd9\u518d\u6b21\u5370\u8bc1\u4e86\u4e00\u4e2a\u719f\u6089\u7684\u4fe1\u53f7\uff1a\u8d44\u672c\u6b63\u5728\u4e3a\u300c\u53ef\u80fd\u7684\u672a\u6765\u53d8\u73b0\u300d\u4ed8\u51fa\u6ea2\u4ef7\uff0c\u800c\u4e0d\u662f\u4e3a\u5f53\u4e0b\u7684\u5229\u6da6\u4e70\u5355\u3002<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" alt=\"Aave\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/news\/2026\/02\/17\/1771311193173259.webp?x-oss-process=image\/quality,q_50\/format,webp\" data-href=\"\" title=\"Fintech vs. DeFi\uff1a\u54ea\u4e00\u79cd\u91d1\u878d\u4f53\u7cfb\u66f4\u5177\u7ade\u4e89\u529b\uff1f\u63d2\u56fe19\" \/><\/p>\n<p>Polymarket \u7684\u4f30\u503c\uff0c\u9690\u542b\u4e86\u4e24\u79cd\u53ef\u80fd\u4e4b\u4e00\uff1a\u8981\u4e48\u5b83\u4f1a\u5728\u672a\u6765\u5927\u89c4\u6a21\u6253\u5f00\u53d8\u73b0\u5f00\u5173\uff0c\u8981\u4e48\u5b83\u5c06\u6f14\u5316\u4e3a\u8fdc\u4e0d\u6b62\u300c\u9884\u6d4b\u5e02\u573a\u300d\u7684\u66f4\u5927\u4e8b\u7269\u3002\u5728 200 \u500d\u4ee5\u4e0a\u7684\u6536\u5165\u500d\u6570\u4e0b\uff0c\u4f60\u4e70\u7684\u5e76\u4e0d\u662f\u4e00\u5bb6\u6210\u719f\u4f01\u4e1a\uff0c\u800c\u662f\u4e00\u4efd\u62bc\u6ce8\u4e8e\u5168\u65b0\u91d1\u878d\u539f\u8bed\u7684\u770b\u6da8\u671f\u6743\u3002<\/p>\n<p>\u4e5f\u8bb8\uff0cPolymarket \u4f1a\u6210\u4e3a\u5bf9\u51b2\u4efb\u4f55\u73b0\u5b9e\u4e16\u754c\u4e8b\u4ef6\u7684\u9ed8\u8ba4\u4ea4\u6613\u573a\u6240\uff1b\u4e5f\u8bb8\uff0c\u5b83\u4f1a\u8986\u76d6\u66f4\u591a\u4f53\u80b2\u3001\u8d22\u62a5\u3001\u5929\u6c14\uff0c\u6216\u4efb\u4f55\u4e8c\u5143\u7ed3\u679c\u7684\u4e8b\u4ef6\uff1b\u4e5f\u8bb8\uff0c\u5b83\u4f1a\u628a\u62bd\u6210\u4ece 0.15% \u63d0\u9ad8\u5230\u66f4\u9ad8\u6c34\u5e73\uff0c\u6536\u5165\u4fbf\u4f1a\u5728\u4e00\u591c\u4e4b\u95f4\u8dc3\u5347\u81f3\u6570\u5341\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u8fd9\u6b63\u662f\u300c\u878d\u5408\u95ee\u9898\u300d\u6700\u7eaf\u7cb9\u7684\u5f62\u6001\uff1a\u672a\u6765\uff0c\u7a76\u7adf\u5c5e\u4e8e\u62e5\u6709\u660e\u786e\u62bd\u6210\u7387\u4e0e\u5408\u89c4\u90e8\u95e8\u7684\u53d7\u76d1\u7ba1\u4ea4\u6613\u6240\uff1f\u8fd8\u662f\u5c5e\u4e8e\u65e0\u9700\u8bb8\u53ef\u3001\u4efb\u4f55\u4eba\u53ef\u5728\u4efb\u4f55\u5730\u65b9\u5c31\u4efb\u4f55\u4e8b\u4ef6\u4e0b\u6ce8\u3001\u4e14\u300c\u5e84\u5bb6\u51e0\u4e4e\u4e0d\u62bd\u6c34\u300d\u7684\u534f\u8bae\uff1f<\/p>\n<h2>\u878d\u5408\uff08The Convergence\uff09<\/h2>\n<p>\u51e0\u5e74\u524d\uff0c\u6211\u4eec\u8fd8\u65e0\u6cd5\u628a DeFi \u4e0e Fintech \u653e\u5728\u540c\u4e00\u5f20\u684c\u5b50\u4e0a\u6b63\u9762\u6bd4\u8f83\u3002\u800c\u73b0\u5728\uff0c\u6211\u4eec\u5df2\u7ecf\u7ad9\u5728\u8fd9\u91cc\u3002<\/p>\n<p>\u52a0\u5bc6\u4e16\u754c\u5df2\u7ecf\u642d\u5efa\u8d77\u4e00\u5957\u5728\u4ea4\u6613\u91cf\u3001\u7528\u6237\u89c4\u6a21\u4e0e\u8d44\u4ea7\u4f53\u91cf\u4e0a\u53ef\u4e0e\u91d1\u878d\u79d1\u6280\u6bd4\u80a9\u7684\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\uff1a\u7a33\u5b9a\u5e01\u901a\u9053\u7684\u5168\u7403\u5316\u7a0b\u5ea6\u8d85\u8fc7\u4f20\u7edf\u652f\u4ed8\u673a\u6784\uff1bAave \u7684\u8d37\u6b3e\u89c4\u6a21\u8d85\u8fc7 Klarna\uff1bPolymarket \u7684\u4ea4\u6613\u91cf\u4e0e DraftKings \u76f8\u5f53\u3002<\/p>\n<p>\u6280\u672f\u662f\u53ef\u884c\u7684\uff0c\u4ea7\u54c1\u4e5f\u627e\u5230\u4e86\u8db3\u591f\u5927\u7684\u7528\u6237\u7fa4\u4f53\u3002\u4f46\u95ee\u9898\u5728\u4e8e\uff0c\u4ef7\u503c\u6355\u83b7\u3002<\/p>\n<p>\u5728\u6211\u4eec\u8003\u5bdf\u7684\u6bcf\u4e00\u4e2a\u7c7b\u522b\u4e2d\uff0c\u7ed3\u8bba\u90fd\u9ad8\u5ea6\u4e00\u81f4\uff1a\u4e0e\u4f20\u7edf\u91d1\u878d\u79d1\u6280\u76f8\u6bd4\uff0c\u52a0\u5bc6\u4f53\u7cfb\u7684\u62bd\u6210\u7387\u66f4\u4f4e\uff0c\u56e0\u800c\u6355\u83b7\u7684\u7ecf\u6d4e\u4ef7\u503c\u4e5f\u66f4\u5c11\u3002<\/p>\n<p>\u52a0\u5bc6\u6784\u5efa\u7684\u662f\u6700\u9ad8\u6548\u3001\u6700\u5f00\u653e\u7684\u57fa\u7840\u8bbe\u65bd\uff0c\u800c\u4ee3\u4ef7\u662f\u628a\u4ef7\u503c\u66f4\u5e7f\u6cdb\u5730\u5206\u6563\u51fa\u53bb\u3002<\/p>\n<p>\u8fd9\u662f bug \u8fd8\u662f feature\uff0c\u53d6\u51b3\u4e8e\u4f60\u7684\u7acb\u573a\uff1a\u5982\u679c\u4f60\u76f8\u4fe1\u91d1\u878d\u670d\u52a1\u7ec8\u5c06\u6f14\u5316\u4e3a\u5546\u54c1\u5316\u7684\u516c\u5171\u4e8b\u4e1a\uff0c\u90a3\u52a0\u5bc6\u53ea\u662f\u52a0\u901f\u4e86\u8fd9\u4e00\u4e0d\u53ef\u907f\u514d\u7684\u8fdb\u7a0b\uff1b\u5982\u679c\u4f60\u8ba4\u4e3a\u4f01\u4e1a\u5fc5\u987b\u4f9d\u8d56\u6536\u5165\u624d\u80fd\u751f\u5b58\uff0c\u90a3\u4e48\u5927\u591a\u6570\u4ee3\u5e01\u5728\u4ef7\u503c\u6355\u83b7\u4e0a\u4ecd\u9762\u4e34\u4e25\u5cfb\u6311\u6218\u3002<\/p>\n<p>\u65e0\u8bba\u5982\u4f55\uff0c\u878d\u5408\u5df2\u7ecf\u5728\u53d1\u751f\uff1a\u94f6\u884c\u5f00\u59cb\u8bd5\u70b9\u4ee3\u5e01\u5316\u5b58\u6b3e\uff1bNew York Stock Exchange \u6b63\u5728\u7814\u7a76\u4ee3\u5e01\u5316\u80a1\u7968\u4ea4\u6613\uff1b\u7a33\u5b9a\u5e01\u603b\u4f9b\u5e94\u91cf\u521b\u4e0b 3000 \u4ebf\u7f8e\u5143\u4ee5\u4e0a\u7684\u65b0\u9ad8\u3002<\/p>\n<p>\u91d1\u878d\u79d1\u6280\u7684\u65e2\u6709\u5de8\u5934\u5df2\u7ecf\u770b\u6e05\u8d8b\u52bf\u2014\u2014\u5b83\u4eec\u4e0d\u4f1a\u5ffd\u89c6\uff0c\u800c\u662f\u4f1a\u5438\u6536\u5b83\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\u5341\u5e74\u7684\u95ee\u9898\u5176\u5b9e\u5f88\u7b80\u5355\uff1a\u662f\u52a0\u5bc6\u5b66\u4f1a\u4fee\u6536\u8d39\u7ad9\uff0c\u8fd8\u662f\u91d1\u878d\u79d1\u6280\u5b66\u4f1a\u8d70\u52a0\u5bc6\u7684\u8def\uff1f<\/p>\n<p>\u6211\u4eec\u7684\u5224\u65ad\u662f\uff1a\u4e24\u8005\u90fd\u4f1a\u53d1\u751f\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u7f16\u8005\u6309\uff1a\u5728\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\u91cc\uff0cFintech \u4e0e DeFi \u88ab\u89c6\u4e3a\u4e24\u5957\u4e92\u4e0d\u76f8\u5e72\u7684\u91d1\u878d\u4f53\u7cfb\uff1a\u4e00\u5957\u5408\u89c4\u3001\u4e2d\u5fc3\u5316\u3001\u53ef\u88ab\u4f30 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4020,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/posts\/4019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4019"}],"version-history":[{"count":1,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/posts\/4019\/revisions"}],"predecessor-version":[{"id":7987,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/posts\/4019\/revisions\/7987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=\/wp\/v2\/media\/4020"}],"wp:attachment":[{"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shoppingguid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}