{"id":3250,"date":"2026-09-07T19:00:36","date_gmt":"2026-09-07T11:00:36","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=3250"},"modified":"2026-09-07T19:00:36","modified_gmt":"2026-09-07T11:00:36","slug":"binance-research%e5%b9%b4%e5%ba%a6%e6%8a%a5%e5%91%8a%ef%bc%9a2025%e5%b9%b4%e5%8a%a0%e5%af%86%e8%a1%8c%e4%b8%9a%e5%85%a8%e6%99%af%e5%a4%8d%e7%9b%98","status":"publish","type":"post","link":"https:\/\/www.zaixinjiang.com\/?p=3250","title":{"rendered":"Binance Research\u5e74\u5ea6\u62a5\u544a\uff1a2025\u5e74\u52a0\u5bc6\u884c\u4e1a\u5168\u666f\u590d\u76d8 &#8211;"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260115\/176848238518964.jpg\" height=\"339\" width=\"602\" title=\"Binance Research\u5e74\u5ea6\u62a5\u544a\uff1a2025\u5e74\u52a0\u5bc6\u884c\u4e1a\u5168\u666f\u590d\u76d8 &#8211;\u63d2\u56fe\" alt=\"Binance 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\u5e74\u901a\u8fc7\u7684\u4e00\u9879\u5927\u89c4\u6a21\u7efc\u5408\u8d22\u653f\u6cd5\u6848\uff09\u63a8\u52a8\u6bd4\u7279\u5e01\u518d\u521b\u65b0\u9ad8\uff0c\u4f46\u7531\u4e8e\u76d1\u7ba1\u63a8\u8fdb\u8282\u594f\u4e0d\u53ca\u9884\u671f\uff0c\u52a0\u5bc6\u8d44\u4ea7\u5728\u5e74\u672b\u4e0e\u4f20\u7edf\u98ce\u9669\u8d44\u4ea7\u7684\u4fee\u590d\u884c\u60c5\u51fa\u73b0\u660e\u663e\u8131\u94a9\u3002<\/p>\n<p>\u7136\u800c\uff0c2026 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2025 \u5e74\u5448\u73b0\u51fa<strong>\u7ed3\u6784\u6027\u5e02\u573a\u5f3a\u5ea6\u4e0e\u5e95\u5c42\u7ecf\u6d4e\u6d3b\u52a8<\/strong>\u4e4b\u95f4\u7684\u660e\u663e\u80cc\u79bb\u3002\u5c3d\u7ba1 BTC \u5e74\u5185\u591a\u6b21\u5237\u65b0\u5386\u53f2\u65b0\u9ad8\uff0c\u4f46\u5168\u5e74\u6536\u76d8\u4ef7\u683c\u5c0f\u5e45\u56de\u843d\uff0c\u8868\u73b0\u900a\u4e8e\u9ec4\u91d1\u53ca\u591a\u6570\u4e3b\u8981\u80a1\u6307\uff1b\u4e0d\u8fc7\uff0c\u5176\u5e02\u503c\u4ecd\u7a33\u5b9a\u5728\u7ea6 1.8 \u4e07\u4ebf\u7f8e\u5143\uff0c\u5e02\u573a\u5360\u6709\u7387\u7ef4\u6301\u5728 58%\u201360% \u533a\u95f4\u3002<\/p>\n<p>\u5c3d\u7ba1\u4ef7\u683c\u8868\u73b0\u75b2\u8f6f\uff0c\u4f46<strong>\u8d44\u91d1\u5411 BTC \u7684\u96c6\u4e2d\u8d8b\u52bf\u53cd\u800c\u8fdb\u4e00\u6b65\u5f3a\u5316<\/strong>\u3002\u7f8e\u56fd\u73b0\u8d27 ETF \u7d2f\u8ba1 \u8d85 210 \u4ebf\u7f8e\u5143\u51c0\u6d41\u5165\uff0c\u4f01\u4e1a\u7ea7\u6301\u4ed3\u89c4\u6a21\u7a81\u7834 110 \u4e07\u679a BTC\uff0c\u7ea6\u5360\u603b\u4f9b\u5e94\u91cf\u7684 <strong>5.5%<\/strong>\u3002\u7f51\u7edc\u5b89\u5168\u6027\u6301\u7eed\u63d0\u5347\uff1a\u5168\u7f51\u7b97\u529b\u7a81\u7834 1 ZH\/s\uff0c\u6316\u77ff\u96be\u5ea6\u540c\u6bd4\u63d0\u5347 \u7ea6 36%\uff0c\u663e\u793a\u77ff\u5de5\u6295\u8d44\u610f\u613f\u4f9d\u65e7\u5f3a\u52b2\u3002<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u6bd4\u7279\u5e01\u5e95\u5c42\u94fe\u4e0a\u6d3b\u52a8\u6709\u6240\u653e\u7f13\uff1a\u6d3b\u8dc3\u5730\u5740\u6570\u540c\u6bd4\u4e0b\u964d<strong>\u7ea6 16%<\/strong>\uff0c\u4ea4\u6613\u7b14\u6570\u4f4e\u4e8e\u6b64\u524d\u7684\u5468\u671f\u5cf0\u503c\uff0c\u6295\u673a\u578b\u4ee3\u5e01\u6d3b\u52a8\u4ec5\u4ee5\u77ed\u6682\u3001\u4e0d\u53ef\u6301\u7eed\u7684\u5f62\u5f0f\u51fa\u73b0\u3002\u7efc\u5408\u6765\u770b\uff0c<strong>\u6bd4\u7279\u5e01\u7684\u6d41\u52a8\u6027\u3001\u4ef7\u683c\u5f62\u6210\u4e0e\u9700\u6c42\u6b63\u8d8a\u6765\u8d8a\u591a\u5730\u901a\u8fc7\u94fe\u4e0b\u91d1\u878d\u6e20\u9053\u4e0e\u957f\u671f\u6301\u6709\u884c\u4e3a\u5b9e\u73b0<\/strong>\uff0c\u800c\u57fa\u7840\u5c42\u66f4\u591a\u626e\u6f14\u8f85\u52a9\u89d2\u8272\uff0c\u8fd9\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u6bd4\u7279\u5e01\u4f5c\u4e3a\u5b8f\u89c2\u91d1\u878d\u8d44\u4ea7\u800c\u975e\u4ea4\u6613\u578b\u7f51\u7edc\u7684\u5b9a\u4f4d\u3002<\/p>\n<h2>Layer 1\uff1a\u80fd\u5426\u53d8\u73b0\uff0c\u51b3\u5b9a\u957f\u671f\u4ef7\u503c<\/h2>\n<p>\u5728 L1 \u5c42\u9762\uff0c2025 \u5e74\u6e05\u695a\u5730\u8868\u660e\uff0c<strong>\u201c\u6d3b\u8dc3\u5ea6\u201d\u672c\u8eab\u5e76\u4e0d\u7b49\u540c\u4e8e\u7ecf\u6d4e\u76f8\u5173\u6027<\/strong>\u3002\u8bb8\u591a\u7f51\u7edc\u672a\u80fd\u5c06\u7528\u6237\u4f7f\u7528\u91cf\u8f6c\u5316\u4e3a\u8d39\u7528\u3001\u4ef7\u503c\u6355\u83b7\u6216\u6301\u7eed\u7684\u4ee3\u5e01\u8868\u73b0\u3002\u540c\u65f6\uff0cL1 \u683c\u5c40\u7ee7\u7eed\u5411\u5c11\u6570\u5934\u90e8\u516c\u94fe\u96c6\u4e2d\u3002<\/p>\n<ul>\n<li><strong>\u4ee5\u592a\u574a<\/strong>\u5728\u5f00\u53d1\u8005\u6d3b\u8dc3\u5ea6\u3001DeFi \u6d41\u52a8\u6027\u548c\u603b\u4f53\u4ef7\u503c\u4e0a\u4ecd\u4fdd\u6301\u4e3b\u5bfc\u5730\u4f4d\uff0c\u4f46\u6267\u884c\u5c42\u5916\u79fb\u4e0e Rollup \u5e26\u6765\u7684\u624b\u7eed\u8d39\u538b\u7f29\uff0c\u4f7f ETH \u5728\u76f8\u5bf9\u8868\u73b0\u4e0a\u6301\u7eed\u843d\u540e\u4e8e BTC\u3002\u76f8\u6bd4\u4e4b\u4e0b<\/li>\n<li><strong>Solana<\/strong> \u5219\u5728\u4fdd\u6301\u9ad8\u4ea4\u6613\u91cf\u4e0e\u9ad8\u65e5\u6d3b\u7684\u540c\u65f6\uff0c\u5927\u5e45\u6269\u5f20\u7a33\u5b9a\u5e01\u4f9b\u7ed9\uff0c\u5728\u6295\u673a\u70ed\u5ea6\u6d88\u9000\u540e\u4f9d\u7136\u80fd\u591f\u4ea7\u751f\u53ef\u89c2\u7684\u534f\u8bae\u6536\u5165\uff0c\u5e76\u6210\u529f\u83b7\u5f97\u7f8e\u56fd\u73b0\u8d27 ETF \u6279\u51c6\uff0c\u663e\u8457\u63d0\u5347\u673a\u6784\u53ef\u8fbe\u6027\u3002<\/li>\n<li><strong>BNB Chain <\/strong>\u4f9d\u6258\u5f3a\u5927\u7684\u96f6\u552e\u4ea4\u6613\u57fa\u7840\u4e0e\u5e02\u573a\u53d9\u4e8b\uff0c\u63a8\u52a8\u4e86\u94fe\u4e0a\u73b0\u8d27\u3001\u884d\u751f\u54c1\u4ea4\u6613\u4e0e\u7a33\u5b9a\u5e01\u7ed3\u7b97\u6d41\u91cf\uff0c\u540c\u65f6\u79ef\u6781\u5e03\u5c40 RWA\uff0c\u4f7f BNB \u6210\u4e3a 2025 \u5e74\u8868\u73b0\u6700\u5f3a\u7684\u4e3b\u6d41\u8d44\u4ea7\u3002<\/li>\n<\/ul>\n<p>2025 \u5e74\u7684\u5173\u952e\u4fe1\u53f7\u5728\u4e8e\uff1a<strong>L1 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