{"id":12306,"date":"2026-05-21T19:14:34","date_gmt":"2026-05-21T11:14:34","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=12306"},"modified":"2026-05-21T19:15:17","modified_gmt":"2026-05-21T11:15:17","slug":"%e6%b0%b8%e7%bb%ad%e5%90%88%e7%ba%a6%e8%b5%84%e9%87%91%e8%b4%b9%e7%8e%87%e6%8f%ad%e7%a7%98%ef%bc%9a%e4%bb%8e%e5%b9%b3%e8%a1%a1%e6%9c%ba%e5%88%b6%e5%88%b0%e5%a5%97%e5%88%a9%e8%80%85%e4%b8%87%e4%ba%bf","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=12306","title":{"rendered":"\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u63ed\u79d8\uff1a\u4ece\u5e73\u8861\u673a\u5236\u5230\u5957\u5229\u8005\u4e07\u4ebf\u6536\u5272\u573a"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">AI\u603b\u7ed3\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u6700\u521d\u65e8\u5728\u5e73\u8861\u5408\u7ea6\u4e0e\u73b0\u8d27\u4ef7\u683c\uff0c\u5982\u4eca\u5374\u6210\u4e3a\u5957\u5229\u8005\u7684\u91cd\u8981\u6536\u76ca\u6765\u6e90\u3002\u636e\u4f30\u7b97\uff0c\u5168\u7403\u52a0\u5bc6\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u6bcf\u5e74\u8d44\u91d1\u8d39\u7387\u603b\u989d\u53ef\u80fd\u8fbe\u5230\u6570\u5341\u4ebf\u7f8e\u5143\u89c4\u6a21\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8d44\u91d1\u8d39\u7387\u673a\u5236<\/strong>\uff1a\u4ea4\u6613\u8005\u4e4b\u95f4\u5b9a\u671f\u652f\u4ed8\u8d39\u7528\u4ee5\u7ef4\u6301\u4ef7\u683c\u5e73\u8861\uff0c\u8d39\u7387\u6b63\u65f6\u591a\u5934\u652f\u4ed8\u7a7a\u5934\uff0c\u8d1f\u65f6\u7a7a\u5934\u652f\u4ed8\u591a\u5934\u3002<\/li>\n\n\n\n<li><strong>\u6570\u636e\u4f30\u7b97\u65b9\u6cd5<\/strong>\uff1a\u57fa\u4e8e\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u3001\u8d44\u91d1\u8d39\u7387\u53ca\u7ed3\u7b97\u5468\u671f\uff08\u901a\u5e38\u6bcf8\u5c0f\u65f6\u4e00\u6b21\uff09\u8fdb\u884c\u6c47\u603b\u8ba1\u7b97\uff0c\u4f46\u5168\u7403\u7cbe\u786e\u603b\u989d\u6682\u65e0\u516c\u5f00\u6570\u636e\u3002<\/li>\n\n\n\n<li><strong>\u5168\u7403\u89c4\u6a21\u4f30\u7b97<\/strong>\uff1a\u4ee5\u4ee5\u592a\u574a\u4e3a\u4f8b\uff0c\u6309\u4e2d\u7b49\u60c5\u666f\uff08\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf276\u4ebf\u7f8e\u5143\uff0c\u5e73\u5747\u8d39\u73870.0103%\uff09\u8ba1\u7b97\uff0c\u5e74\u5ea6\u603b\u989d\u7ea620.4\u4ebf\u7f8e\u5143\uff0c\u6781\u7aef\u5e02\u573a\u73af\u5883\u4e0b\u53ef\u80fd\u66f4\u9ad8\u3002<\/li>\n\n\n\n<li><strong>\u5e73\u53f0\u6848\u4f8b\u5206\u6790<\/strong>\uff1a\u5e01\u5b89\u630917%\u5e02\u573a\u4efd\u989d\u4f30\u7b97\uff0c\u5e74\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\u8fbe\u6570\u4ebf\u7f8e\u5143\uff1bHyperliquid\u89c4\u6a21\u8f83\u5c0f\uff0c\u5e74\u8d39\u7387\u7ea6\u4e3a\u6570\u767e\u4e07\u81f3\u6570\u4ebf\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>\u5b9e\u9645\u610f\u4e49<\/strong>\uff1a\u8d44\u91d1\u8d39\u7387\u5df2\u6210\u4e3a\u5957\u5229\u7b56\u7565\u7684\u91cd\u8981\u6536\u5165\u6765\u6e90\uff0c\u6295\u8d44\u8005\u9700\u5173\u6ce8\u8d39\u7387\u53d8\u5316\u4e0e\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u4ee5\u4f18\u5316\u4ea4\u6613\u51b3\u7b56\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f5c\u8005\uff1aBasit<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7f16\u8bd1\uff1aLuffy\uff0cForesight News<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">TL;DR<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4ec5\u5728 Hyperliquid \u4e00\u4e2a\u5e73\u53f0\u4e0a\uff0c\u4ea4\u6613\u8005\uff08\u6bcf\u5e74\uff09\u652f\u4ed8\u7684\u8d44\u91d1\u8d39\u7387\u5c31\u5df2\u8fbe\u6570\u767e\u4e07\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u5e01\u5b89\u4e0a\u7684\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\u66f4\u662f\u9ad8\u8fbe\u6570\u4ebf\u7f8e\u5143\uff0c\u81f3\u4e8e\u5176\u4ed6\u5e73\u53f0\uff1f\u6211\u6682\u65f6\u65e0\u6cd5\u7edf\u8ba1\uff1b<\/li>\n\n\n\n<li>\u6587\u4e2d\u5305\u542b\u4e0d\u5c11\u57fa\u7840\u8ba1\u7b97\uff0c\u8981\u662f\u6ca1\u8010\u5fc3\u53ef\u4ee5\u76f4\u63a5\u8df3\u8fc7\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d44\u91d1\u8d39\u7387\u6700\u521d\u662f\u4e3a\u4e86\u9f13\u52b1\u516c\u5e73\u5e02\u573a\u4ea4\u6613\u800c\u8bbe\u8ba1\u7684\u673a\u5236\uff0c\u5982\u4eca\u5374\u6210\u4e86\u5957\u5229\u8005\u7684\u6536\u5272\u573a\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4ec0\u4e48\u662f\u8d44\u91d1\u8d39\u7387\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d44\u91d1\u8d39\u7387\u662f\u4ea4\u6613\u8005\u4e4b\u95f4\uff08\u591a\u7a7a\u53cc\u65b9\uff09\u5b9a\u671f\u652f\u4ed8\u7684\u8d39\u7528\uff0c\u76ee\u7684\u662f\u5e73\u8861\u6c38\u7eed\u5408\u7ea6\u4ef7\u683c\u4e0e\u73b0\u8d27\u4ef7\u683c\u7684\u4ef7\u5dee\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5bf9\u806a\u660e\u73a9\u5bb6\u6765\u8bf4\uff0c\u8fd9\u7b14\u770b\u4f3c\u4e0d\u8d77\u773c\u7684 \u300c\u96f6\u94b1\u300d\uff0c\u6700\u7ec8\u80fd\u7d2f\u79ef\u6210\u6570\u767e\u4e07\u7f8e\u5143\u7684\u6536\u76ca\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6211\u505a\u8fd9\u9879\u7814\u7a76\u7684\u6838\u5fc3\u95ee\u9898\u662f\uff1a\u300c\u4eba\u4eec\u901a\u8fc7\u5957\u5229\u8d44\u91d1\u8d39\u7387\u5230\u5e95\u8d5a\u4e86\u591a\u5c11\uff1f\u300d \u6362\u53e5\u8bdd\u8bf4\uff0c\u300c\u4ea4\u6613\u8005\u4e4b\u95f4\u603b\u5171\u652f\u4ed8\u4e86\u591a\u5c11\u8d44\u91d1\u8d39\u7387\uff1f\u300d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f46\u8981\u5f04\u6e05\u695a\u8fd9\u4e2a\u95ee\u9898\uff0c\u6211\u4eec\u5f97\u5148\u660e\u786e\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6240\u6709\u52a0\u5bc6\u8d27\u5e01\u6c38\u7eed\u5408\u7ea6\u5e02\u573a \u300c\u7d2f\u8ba1\u652f\u4ed8\u7684\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d\uff0c\u4f1a\u662f\u4e00\u4e2a\u4ee4\u4eba\u9707\u60ca\u7684\u6570\u5b57\uff0c\u53ef\u80fd\u9ad8\u8fbe\u6570\u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u67d0\u4e00\u7279\u5b9a\u4ea4\u6613\u6240\uff08\u5982\u5e01\u5b89\u3001Bybit\u3001Hyperliquid\u3001dYdX \u7b49\uff09\u7684\u8d44\u91d1\u8d39\u7387\u603b\u989d\uff1b<\/li>\n\n\n\n<li>\u67d0\u5355\u4e00\u8d44\u4ea7\uff08\u5982\u4ee5\u592a\u574a\u6c38\u7eed\u5408\u7ea6\u81ea\u4e0a\u7ebf\u4ee5\u6765\u6216\u5355\u5e74\u5ea6\uff09\u7684\u8d44\u91d1\u8d39\u7387\u603b\u989d\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b80\u800c\u8a00\u4e4b\uff1a\u76ee\u524d\u6ca1\u6709\u516c\u5f00\u7684 \u300c\u6240\u6709\u52a0\u5bc6\u8d27\u5e01\u6c38\u7eed\u5408\u7ea6\u7d2f\u8ba1\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d \u7edf\u8ba1\u6570\u636e\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5927\u591a\u6570\u4ea4\u6613\u6240\u548c\u6570\u636e\u670d\u52a1\u5546\u90fd\u4f1a\u516c\u5e03\u8d44\u91d1\u8d39\u7387\u3001\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\uff08OI\uff09\u53ca\u5386\u53f2\u6570\u636e\uff0c\u4f46\u6ca1\u4eba\u4f1a\u628a\u6240\u6709\u5e73\u53f0\u7684\u6bcf\u4e00\u7b14\u8d44\u91d1\u8d39\u7387\u652f\u4ed8\u6c47\u603b\u6210\u4e00\u4e2a\u5b98\u65b9\u6570\u5b57\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8fc7\uff0c\u6211\u4f1a\u5728\u4e0b\u6587\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u89e3\u91ca\u4e3a\u4f55\u4e0d\u5b58\u5728 \u300c\u5168\u7403\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d \u7684\u7cbe\u786e\u6570\u636e\uff1b<\/li>\n\n\n\n<li>\u5206\u4eab\u8ba1\u7b97\u8d44\u91d1\u8d39\u7387\u603b\u989d\u7684 \u300c\u7b80\u5355\u4e14\u6b63\u786e\u7684\u65b9\u6cd5\u300d\uff1b<\/li>\n\n\n\n<li>\u63d0\u4f9b \u300c\u7c97\u7565\u4f46\u900f\u660e\u7684\u4f30\u7b97\u8303\u56f4\u300d\uff0c\u5305\u62ec\uff1a\u5168\u7403\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\u3001\u5e01\u5b89\u7684\u5408\u7406\u4f30\u7b97\u89c4\u6a21\u3001Hyperliquid \u7684\u5408\u7406\u4f30\u7b97\u89c4\u6a21\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e3a\u4f55\u6ca1\u6709 \u300c\u7d2f\u8ba1\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d44\u91d1\u8d39\u7387\u662f\u591a\u7a7a\u4ea4\u6613\u8005\u4e4b\u95f4\u7684\u70b9\u5bf9\u70b9\u8f6c\u8d26\uff0c\u4e14\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08CEX\uff09\u3001\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u548c\u94fe\u4e0a\u7cfb\u7edf\u4e2d\uff0c\u8bb0\u5f55\u65b9\u5f0f\u5404\u4e0d\u76f8\u540c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6570\u636e\u670d\u52a1\u5546\uff08\u5982 Coinglass\uff09\u4f1a\u63d0\u4f9b\u8d44\u91d1\u8d39\u7387\u3001\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u53ca\u5386\u53f2\u56fe\u8868\uff0c\u4f46\u4e0d\u4f1a\u516c\u5e03 \u300c\u6db5\u76d6\u6240\u6709\u5e73\u53f0\u3001\u6240\u6709\u5e02\u573a\u7684\u7d2f\u8ba1\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d\u3002\u56e0\u4e3a\u8d44\u91d1\u8d39\u7387\u662f\u5728\u4ea4\u6613\u8005\u4e4b\u95f4\u53d1\u751f\u7684\uff0c\u800c\u975e\u7531\u5e73\u53f0\u6536\u53d6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8981\u8ba1\u7b97\u8fd9\u4e2a\u603b\u989d\uff0c\u6211\u4eec\u9700\u8981\u4ece\u6240\u6709\u76f8\u5173\u5e73\u53f0\u83b7\u53d6 \u300c\u8d44\u91d1\u8d39\u7387 \u00d7 \u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u300d \u7684\u65f6\u95f4\u5e8f\u5217\u6570\u636e\uff0c\u518d\u8fdb\u884c\u5408\u7406\u4f30\u7b97\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u672c\u7814\u7a76\u4ee5\u4ee5\u592a\u574a\uff08ETH\uff09\u6c38\u7eed\u5408\u7ea6\u4e3a\u4f8b\u5c55\u5f00\u5206\u6790\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/a3fe022429132d941b4012a6b6f312b2.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/a3fe022429132d941b4012a6b6f312b2.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/a8f2668150310317f85a6ffad9d42d54.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/a8f2668150310317f85a6ffad9d42d54.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">\u4e0d\u540c\u5e73\u53f0\u7684\u4ee5\u592a\u574a\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u6570\u636e<\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">\u6b63\u786e\u7684\u8ba1\u7b97\u65b9\u6cd5<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5bf9\u4e8e\u4efb\u610f\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u53ca\u4efb\u610f\u65f6\u95f4\u7a97\u53e3\uff0c\u8d44\u91d1\u8d39\u7387\u603b\u989d\u53ef\u6309\u4ee5\u4e0b\u516c\u5f0f\u8ba1\u7b97\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u67d0\u65f6\u95f4\u6bb5\u8d44\u91d1\u8d39\u7387\u603b\u989d \u2248 \u03a3\u209c [\u67d0\u65f6\u523b\u8d44\u91d1\u8d39\u7387 (t) \u00d7 \u67d0\u65f6\u523b\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf (t) \u00d7 \u65f6\u95f4\u95f4\u9694 (\u0394t) ]<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5176\u4e2d\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8d44\u91d1\u8d39\u7387 (t)\uff1a\u67d0\u65f6\u95f4\u6233 (t) \u7684\u5b9e\u9645\u8d44\u91d1\u8d39\u7387\uff1b<\/li>\n\n\n\n<li>\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf (t)\uff1a\u6309\u7f8e\u5143\u8ba1\u4ef7\u7684\u540d\u4e49\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\uff1b<\/li>\n\n\n\n<li>\u65f6\u95f4\u95f4\u9694 (\u0394t)\uff1a\u8d44\u91d1\u8d39\u7387\u7ed3\u7b97\u5468\u671f\uff08\u591a\u6570\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e3a 8 \u5c0f\u65f6 \/ \u6b21\uff0c\u5373\u6bcf\u5929 3 \u6b21\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u56e0\u6b64\uff0c\u6211\u4eec\u53ef\u4ee5\u901a\u8fc7\u6574\u5408 CoinGlass \u7b49\u5e73\u53f0\u7684\u5386\u53f2\u6570\u636e\u5e8f\u5217\uff0c\u8ba1\u7b97\u51fa\u7cbe\u786e\u7684\u8d44\u91d1\u8d39\u7387\u603b\u989d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6211\u7684\u4f30\u7b97<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3a\u4e86\u5f97\u51fa \u300c\u4f30\u7b97\u8303\u56f4\u300d \u800c\u975e \u300c\u865a\u5047\u7684\u5355\u4e00\u6570\u503c\u300d\uff0c\u6211\u91c7\u7528\u4e86\u4fdd\u5b88\u5230\u6fc0\u8fdb\u7684\u591a\u5957\u5047\u8bbe\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e38\u7528\u7684\u9009\u62e9\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7edf\u8ba1\u65f6\u95f4\u8303\u56f4\uff1a2025 \u5e74 1 \u6708 1 \u65e5\u81f3 2025 \u5e74 8 \u6708 27 \u65e5\uff0c\u5171 239 \u5929\uff08\u6309\u6bcf\u5929 3 \u6b21\u7ed3\u7b97\u8ba1\u7b97\uff0c\u603b\u8ba1 717 \u4e2a\u7ed3\u7b97\u5468\u671f\uff09\uff1b<\/li>\n\n\n\n<li>\u8d44\u91d1\u8d39\u7387\u7ed3\u7b97\u5468\u671f\uff1a8 \u5c0f\u65f6 \/ \u6b21\uff08\u6bcf\u5929 3 \u6b21\uff0c\u9002\u7528\u4e8e\u5e01\u5b89\u53ca\u591a\u6570\u6c38\u7eed\u5408\u7ea6\u5e73\u53f0\uff09\uff1b<\/li>\n\n\n\n<li>\u4ee5\u592a\u574a\u6c38\u7eed\u5408\u7ea6 \u300c\u5168\u5e02\u573a\u540d\u4e49\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u300d\uff1a\u5206\u4e09\u79cd\u60c5\u666f \u2014\u2014200 \u4ebf\u7f8e\u5143\uff08\u4f4e\uff09\u3001276 \u4ebf\u7f8e\u5143\uff08\u4e2d\uff0c\u5f53\u524d\u5b9e\u9645\u6570\u636e\uff09\u3001300 \u4ebf\u7f8e\u5143\uff08\u9ad8\uff09\uff1b<\/li>\n\n\n\n<li>\u4ee5\u592a\u574a \u300c\u6309\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u52a0\u6743\u7684\u5e73\u5747\u8d44\u91d1\u8d39\u7387\uff08\u6bcf 8 \u5c0f\u65f6\uff09\u300d\uff1a\u91c7\u7528\u6c47\u603b\u6570\u636e 0.000103\uff08\u5373 0.0103%\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/627c3c3e39ed009a9f1171cc4936470b.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/627c3c3e39ed009a9f1171cc4936470b.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\">\u5982\u4f60\u6240\u89c1\uff0c\u4ee5\u592a\u574a\u6240\u6709\u6c38\u7eed\u5408\u7ea6\u7684\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u5b9e\u9645\u4e3a 277 \u4ebf\u7f8e\u5143<\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d44\u91d1\u8d39\u7387\u4e3a\u6b63\u65f6\uff0c\u7531\u591a\u5934\u5411\u7a7a\u5934\u652f\u4ed8\uff1b\u4e3a\u8d1f\u65f6\uff0c\u5219\u7531\u7a7a\u5934\u5411\u591a\u5934\u652f\u4ed8\u3002\u4e0d\u540c\u5047\u8bbe\u4f1a\u5f97\u51fa \u300c\u4fdd\u5b88\u2192\u6fc0\u8fdb\u300d \u7684\u4e0d\u540c\u7ed3\u679c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/41c28b39b10240729d9c9e0fa371ecf9.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/41c28b39b10240729d9c9e0fa371ecf9.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e74\u5ea6\u4f30\u7b97\u516c\u5f0f\uff08\u57fa\u4e8e\u4e0a\u8ff0\u65f6\u95f4\u7a97\u53e3\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u603b\u989d \u2248 \u5e73\u5747\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf \u00d7 \u6bcf\u5468\u671f\u5e73\u5747\u8d44\u91d1\u8d39\u7387 \u00d7 (239 \u5929 \u00d73 \u6b21 \/ \u5929 )<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f30\u7b97\u7ed3\u679c\uff1a\u5168\u7403\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\uff08\u7c97\u7565\u8303\u56f4\uff09<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u57fa\u4e8e 239 \u5929\u6570\u636e\u53ca\u4e0a\u8ff0\u516c\u5f0f\u8ba1\u7b97<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4fdd\u5b88\u60c5\u666f\uff08\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf 200 \u4ebf\u7f8e\u5143\uff0c\u5e73\u5747\u8d39\u7387 0.000103\uff09\u2192 \u7ea6 14.8 \u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u4e2d\u7b49\u60c5\u666f\uff08\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf 276 \u4ebf\u7f8e\u5143\uff0c\u5f53\u524d\u5b9e\u9645\u6570\u636e\uff0c\u5e73\u5747\u8d39\u7387 0.000103\uff09\u2192 \u7ea6 20.4 \u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u6fc0\u8fdb\u60c5\u666f\uff08\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf 300 \u4ebf\u7f8e\u5143\uff0c\u5e73\u5747\u8d39\u7387 0.000103\uff09\u2192 \u7ea6 22 \u4ebf\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u89e3\u8bfb\uff1a\u6309\u4e2d\u7b49\u60c5\u666f\uff08\u5f53\u524d\u4ee5\u592a\u574a\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\uff09\u4f30\u7b97\uff0c\u5168\u7403\u52a0\u5bc6\u8d27\u5e01\u6c38\u7eed\u5408\u7ea6\u7684\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u603b\u989d\u7ea6\u4e3a \u5341\u4ebf\u7f8e\u5143\u7ea7\u522b\u4e0b\u9650\uff1b\u5728\u9ad8\u6760\u6746\u6781\u7aef\u65f6\u671f\uff08\u8d44\u91d1\u8d39\u7387\u98d9\u5347 + \u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u9ad8\u4f01\uff09\uff0c\u5e74\u5ea6\u603b\u989d\u53ef\u80fd\u8fbe\u5230\u6570\u5341\u4ebf\u7f8e\u5143\u7ea7\u522b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9700\u6ce8\u610f\uff1a\u8fd9\u662f \u300c\u6c47\u603b\u4f30\u7b97\u503c\u300d \u800c\u975e \u300c\u7cbe\u786e\u6d4b\u91cf\u503c\u300d\uff0c\u56e0\u4e3a\u6211\u4eec\u91c7\u7528\u4e86 \u300c\u4ee5\u592a\u574a\u5168\u5e02\u573a\u5e73\u5747\u5047\u8bbe\u300d\u3002\uff08\u4e0a\u8ff0\u65b9\u6cd5\u53ca\u793a\u4f8b\u4e5f\u53ef\u7528\u4e8e\u5176\u4ed6\u8d44\u4ea7\uff0c\u5982\u6bd4\u7279\u5e01\u7b49\uff09<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/e58b78eb5f97360759521ef3762149c5.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/9\/2\/images\/e58b78eb5f97360759521ef3762149c5.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u592a\u574a\u5e73\u5747\u8d44\u91d1\u8d39\u7387\u56fe\u8868<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f30\u7b97\u7ed3\u679c\uff1a\u5e01\u5b89\u7684\u5408\u7406\u89c4\u6a21\uff08\u6309\u5e02\u573a\u4efd\u989d\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e01\u5b89\u5728\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u4e2d\u5360\u636e\u8f83\u5927\u5e02\u573a\u4efd\u989d\uff08\u672c\u7814\u7a76\u6682\u6309 17% \u4f30\u7b97\uff0c\u4f60\u4e5f\u53ef\u6839\u636e\u504f\u597d\u8c03\u6574\u8fd9\u4e00\u6bd4\u4f8b\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c06 17% \u7684\u5e02\u573a\u4efd\u989d\u4ee3\u5165\u4e0a\u8ff0\u5168\u7403\u89c4\u6a21\u60c5\u666f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4fdd\u5b88\u60c5\u666f \u2192 239 \u5929\u5185\u7ea6 2.51 \u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u4e2d\u7b49\u60c5\u666f \u2192 239 \u5929\u5185\u7ea6 3.47 \u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u6fc0\u8fdb\u60c5\u666f \u2192 239 \u5929\u5185\u7ea6 3.77 \u4ebf\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fd9\u4e2a\u6570\u5b57\u770b\u8d77\u6765\u5f88\u60ca\u4eba\uff0c\u4f46\u786e\u5b9e\u5177\u6709\u5408\u7406\u6027\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f30\u7b97\u7ed3\u679c\uff1aHyperliquid \u7684\u89c4\u6a21<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Hyperliquid \u7684\u89c4\u6a21\u8fdc\u5c0f\u4e8e\u5e01\u5b89\uff08\u4e0d\u8fc7\u6211\u8ba4\u4e3a\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u5f88\u5feb\u4f1a\u6539\u53d8\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5047\u8bbe Hyperliquid \u4ee5\u592a\u574a\u6c38\u7eed\u5408\u7ea6\u7684\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u7ea6\u5360\u5168\u7403\u5e02\u573a\u7684 5.3%\uff08\u975e\u5e38\u7c97\u7565\u7684\u4f30\u7b97\uff09\uff0c\u4ee3\u5165\u5168\u7403\u89c4\u6a21\u60c5\u666f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4fdd\u5b88\u60c5\u666f\uff08\u5168\u7403 14.8 \u4ebf\u7f8e\u5143\uff09\u2192 239 \u5929\u5185\u7ea6 7830 \u4e07\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u4e2d\u7b49\u60c5\u666f\uff08\u5168\u7403 20.4 \u4ebf\u7f8e\u5143\uff09\u2192 239 \u5929\u5185\u7ea6 1.08 \u4ebf\u7f8e\u5143\uff1b<\/li>\n\n\n\n<li>\u6fc0\u8fdb\u60c5\u666f\uff08\u5168\u7403 22.2 \u4ebf\u7f8e\u5143\uff09\u2192 239 \u5929\u5185\u7ea6 1.174 \u4ebf\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u6838\u5fc3\u603b\u7ed3\uff1a\u5bf9\u4f60\u6709\u4ec0\u4e48\u7528\uff1f<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u76ee\u524d\u4e0d\u5b58\u5728 \u300c\u5168\u7403\u7d2f\u8ba1\u8d44\u91d1\u8d39\u7387\u603b\u989d\u300d \u7684\u516c\u5f00\u7cbe\u786e\u6570\u636e\uff0c\u4f55\u4eba\u58f0\u79f0 \u300c\u7d2f\u8ba1\u8d44\u91d1\u8d39\u7387\u603b\u989d = X \u7f8e\u5143\u300d\uff0c\u90fd\u662f\u57fa\u4e8e\u591a\u6e90\u6570\u636e\uff08\u548c\u7c7b\u4f3c\u672c\u6587\u7684\u5047\u8bbe\uff09\u6c47\u603b\u5f97\u51fa\u7684\uff1b<\/li>\n\n\n\n<li>\u5168\u7403\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u7684\u5b9e\u9645\u89c4\u6a21\uff0c\u53ef\u80fd\u5728 \u300c\u6570\u5341\u4ebf\u7f8e\u5143\u4e0b\u9650\u300d \u5230 \u300c\u6570\u5341\u4ebf\u7f8e\u5143\u4e0a\u9650\u300d \u4e4b\u95f4\uff0c\u5177\u4f53\u53d6\u51b3\u4e8e\u5e02\u573a\u73af\u5883\uff08\u6309\u5408\u7406\u5047\u8bbe\u7684\u4e2d\u7b49\u60c5\u666f\u4f30\u7b97\uff0c\u7ea6\u4e3a 20-50 \u4ebf\u7f8e\u5143 \/ \u5e74\uff09\uff1b<\/li>\n\n\n\n<li>\u5e01\u5b89\u7684\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\uff0c\u53ef\u80fd\u8fbe\u5230 \u300c\u6570\u4ebf\u7f8e\u5143\u7ea7\u522b\u300d\uff08\u53d6\u51b3\u4e8e\u5e02\u573a\u4efd\u989d\u53ca\u8d44\u91d1\u8d39\u7387\u6ce2\u52a8\uff09\uff1b<\/li>\n\n\n\n<li>Hyperliquid \u89c4\u6a21\u76f8\u5bf9\u8f83\u5c0f\uff0c\u5e74\u5ea6\u8d44\u91d1\u8d39\u7387\u89c4\u6a21\u7ea6\u4e3a \u300c\u6570\u767e\u4e07\u5230\u6570\u4ebf\u7f8e\u5143\u7ea7\u522b\u300d\uff0c\u5177\u4f53\u53d6\u51b3\u4e8e\u5176\u5e73\u5747\u672a\u5e73\u4ed3\u5408\u7ea6\u91cf\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.panewslab.com\/zh\/columns\/1644568178851551\" class=\"\">Foresight News<\/a>2025\/09\/03 07:00<br><a href=\"https:\/\/www.panewslab.com\/zh\/articles\/bb76baf4-82d3-4a10-8699-ce47a0912ede\">https:\/\/www.panewslab.com\/zh\/articles\/bb76baf4-82d3-4a10-8699-ce47a0912ede<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI\u603b\u7ed3\uff1a \u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u6700\u521d\u65e8\u5728\u5e73\u8861\u5408\u7ea6\u4e0e\u73b0\u8d27\u4ef7\u683c\uff0c\u5982\u4eca\u5374\u6210\u4e3a\u5957\u5229\u8005\u7684\u91cd\u8981\u6536\u76ca\u6765\u6e90\u3002\u636e\u4f30\u7b97\uff0c\u5168\u7403\u52a0\u5bc6\u6c38\u7eed\u5408 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12306","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/12306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12306"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/12306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}