{"id":397256,"date":"2025-02-04T17:05:47","date_gmt":"2025-02-04T09:05:47","guid":{"rendered":"https:\/\/www.blocktempo.com\/?p=397256"},"modified":"2025-02-04T18:28:00","modified_gmt":"2025-02-04T10:28:00","slug":"how-hyperliquid-points-system-became-the-most-successful-airdrop","status":"publish","type":"post","link":"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/","title":{"rendered":"Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u5982\u4f55\u9020\u5c31\u53bb\u5e74\u6700\u6210\u529f\u7a7a\u6295\uff1f"},"content":{"rendered":"<p>Hyperliquid \u7684\u7a4d\u5206\u7cfb\u7d71\u6210\u70ba\u53f2\u4e0a\u6700\u6210\u529f\u7684\u7a7a\u6295\u4e4b\u4e00\u3002\u672c\u6587\u63a2\u8a0e\u5176\u7a4d\u5206\u6a5f\u5236\u53ca\u6210\u529f\u539f\u56e0\uff0c\u63ed\u793a\u7528\u6236\u53c3\u8207\u548c\u5fe0\u8aa0\u5ea6\u63d0\u5347\u5982\u4f55\u63a8\u52d5\u9805\u76ee\u767c\u5c55\u3002\u672c\u6587\u6e90\u81ea Three Sigma \u6240\u8457<a href=\"https:\/\/x.com\/threesigmaxyz\/status\/1882425456059642233\" target=\"_blank\" rel=\"noopener\">\u6587\u7ae0<\/a>\uff0c\u7531<a href=\"https:\/\/www.blocktempo.com\/author\/panews\/\" target=\"_blank\" rel=\"noopener\"> PANews<\/a> \u6574\u7406\u3001\u7de8\u8b6f\u3002<br \/>\n\uff08\u524d\u60c5\u63d0\u8981\uff1a <span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.blocktempo.com\/a-letter-to-the-hyperliquid-core-team\/\" target=\"_blank\" rel=\"noopener\">\u81f4Hyperliquid\u5718\u968a\u7684\u4fe1\uff1a\u4f60\u5011\u505a\u4e86\u4e00\u6b3e\u5f88\u597d\u7684\u7522\u54c1\uff0c\u4f46\u53ef\u4ee5\u66f4\u68d2<\/a><\/span>\uff09<br \/>\n\uff08\u80cc\u666f\u88dc\u5145\uff1a<span style=\"color: #ff6600;\"> <a style=\"color: #ff6600;\" href=\"https:\/\/www.blocktempo.com\/performance-of-22-mainstream-public-chains-in-2024\/\" target=\"_blank\" rel=\"noopener\">22\u689d\u4e3b\u6d41\u516c\u93c82024\u8868\u73fe\u8986\u76e4\uff1a\u534a\u6578\u6d3b\u8e8d\u5ea6\u4e0b\u6ed1\u3001Hyperliquid \u591a\u9805\u6578\u64da\u6392\u7b2c\u4e00<\/a><\/span>\uff09<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_46 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u672c\u6587\u76ee\u9304<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-67a36eb87dd1f\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-67a36eb87dd1f\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#1_%E7%B0%A1%E8%BF%B0%E7%A9%8D%E5%88%86%E8%88%87%E5%BF%83%E7%90%86%E5%AD%B8\" title=\"1. \u7c21\u8ff0\u7a4d\u5206\u8207\u5fc3\u7406\u5b78\">1. \u7c21\u8ff0\u7a4d\u5206\u8207\u5fc3\u7406\u5b78<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#2_Hyperliquid_%E7%A9%8D%E5%88%86%E8%A8%88%E5%8A%83\" title=\"2. Hyperliquid \u7a4d\u5206\u8a08\u5283\">2. Hyperliquid \u7a4d\u5206\u8a08\u5283<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#Hyperliquid_%E7%A9%8D%E5%88%86%E5%AD%A3%E6%B4%BB%E5%8B%95\" title=\"Hyperliquid \u7a4d\u5206\u5b63\u6d3b\u52d5\">Hyperliquid \u7a4d\u5206\u5b63\u6d3b\u52d5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#%E8%B3%BA%E5%8F%96%E7%8D%8E%E5%8B%B5%EF%BC%9A%E6%89%80%E7%9F%A5%E9%81%93%E7%9A%84%E8%88%87%E5%B0%9A%E4%B8%8D%E6%B8%85%E6%A5%9A%E7%9A%84\" title=\"\u8cfa\u53d6\u734e\u52f5\uff1a\u6240\u77e5\u9053\u7684\u8207\u5c1a\u4e0d\u6e05\u695a\u7684\">\u8cfa\u53d6\u734e\u52f5\uff1a\u6240\u77e5\u9053\u7684\u8207\u5c1a\u4e0d\u6e05\u695a\u7684<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#3_%E6%8C%87%E6%A8%99\" title=\"3. \u6307\u6a19\">3. \u6307\u6a19<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#4_%E5%85%B6%E4%BB%96%E5%B0%88%E6%A1%88%E5%81%9A%E4%BA%86%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"4. \u5176\u4ed6\u5c08\u6848\u505a\u4e86\u4ec0\u9ebc\uff1f\">4. \u5176\u4ed6\u5c08\u6848\u505a\u4e86\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#5_%E6%88%90%E5%8A%9F%E7%A5%95%E8%A8%A3\" title=\"5. \u6210\u529f\u7955\u8a23\">5. \u6210\u529f\u7955\u8a23<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#Hyperliquid_%E7%A9%8D%E5%88%86%E7%B3%BB%E7%B5%B1%E7%9A%84%E7%8D%A8%E7%89%B9%E4%B9%8B%E8%99%95\" title=\"Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u7684\u7368\u7279\u4e4b\u8655\">Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u7684\u7368\u7279\u4e4b\u8655<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#%E7%A9%BA%E6%8A%95%E7%9A%84%E5%85%B1%E5%90%8C%E7%89%B9%E5%BE%B5\" title=\"\u7a7a\u6295\u7684\u5171\u540c\u7279\u5fb5\">\u7a7a\u6295\u7684\u5171\u540c\u7279\u5fb5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#%E6%9C%AA%E4%BE%86%E7%A9%BA%E6%8A%95%E7%9A%84%E7%B6%93%E9%A9%97%E6%95%99%E8%A8%93\" title=\"\u672a\u4f86\u7a7a\u6295\u7684\u7d93\u9a57\u6559\u8a13\">\u672a\u4f86\u7a7a\u6295\u7684\u7d93\u9a57\u6559\u8a13<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.blocktempo.com\/how-hyperliquid-points-system-became-the-most-successful-airdrop\/#%E6%9B%B4%E5%BB%A3%E9%97%8A%E7%9A%84%E5%9C%96%E6%99%AF%EF%BC%9A%E7%94%A2%E5%93%81%E5%8B%9D%E9%81%8E%E7%A9%8D%E5%88%86\" title=\"\u66f4\u5ee3\u95ca\u7684\u5716\u666f\uff1a\u7522\u54c1\u52dd\u904e\u7a4d\u5206\">\u66f4\u5ee3\u95ca\u7684\u5716\u666f\uff1a\u7522\u54c1\u52dd\u904e\u7a4d\u5206<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>&nbsp;<\/p>\n<p><span class=\"dropcap\" style=\"background-color: #ffffff; color: #000000; border-color: #ffffff;\">H<\/span>yperliquid \u6253\u7834\u4e86\u7a7a\u6295\u6a21\u5f0f\uff0c\u9019\u662f\u52a0\u5bc6\u793e\u7fa4\u90fd\u5728\u8ac7\u8ad6\u7684\u8a71\u984c\u3002\u672c\u6587\u65e8\u5728\u89e3\u8b80 Hyperliquid \u7684\u7a4d\u5206\u7cfb\u7d71\uff0c\u4ee5\u53ca\u70ba\u4f55\u6210\u70ba\u53f2\u4e0a\u6700\u6210\u529f\u7684\u7a7a\u6295\u4e4b\u4e00\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"1_%E7%B0%A1%E8%BF%B0%E7%A9%8D%E5%88%86%E8%88%87%E5%BF%83%E7%90%86%E5%AD%B8\"><\/span>1. \u7c21\u8ff0\u7a4d\u5206\u8207\u5fc3\u7406\u5b78<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u7a4d\u5206\u662f\u4e00\u7a2e\u7d50\u69cb\u5316\u65b9\u5f0f\uff0c\u7528\u65bc\u8861\u91cf\u548c\u734e\u52f5\u751f\u614b\u7cfb\u7d71\u5167\u4f7f\u7528\u8005\u7684\u53c3\u8207\u548c\u5fe0\u8aa0\u3002\u5b83\u5011\u63d0\u4f9b\u4e86\u4e00\u500b\u6846\u67b6\uff0c\u7528\u65bc\u8ffd\u8e64\u6d3b\u52d5\u4e26\u6fc0\u52f5\u7b26\u5408\u5c08\u6848\u589e\u9577\u76ee\u6a19\u7684\u884c\u70ba\uff0c\u4f8b\u5982\u8207\u5c08\u6848\u5e73\u81fa\u4e92\u52d5\u6216\u70ba\u793e\u7fa4\u505a\u51fa\u8ca2\u737b\u3002<\/p>\n<p>\u5728\u7a7a\u6295\u7684\u80cc\u666f\u4e0b\uff0c\u7a4d\u5206\u901a\u5e38\u6c7a\u5b9a\u7a7a\u6295\u8cc7\u683c\u548c\u5206\u914d\u6578\u91cf\uff0c\u5c07\u539f\u672c\u96a8\u6a5f\u7684\u734e\u52f5\u8b8a\u6210\u4e00\u500b\u4e92\u52d5\u904e\u7a0b\uff0c\u4ee5\u4fc3\u9032\u7af6\u722d\u548c\u6210\u5c31\u611f\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u7a4d\u5206\u7cfb\u7d71\u9084\u7528\u65bc\u5f15\u5c0e\u4f7f\u7528\u8005\u4e26\u63a8\u51fa\u6700\u7d42\u7522\u54c1\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-397257 size-large\" src=\"https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi.png\" sizes=\"(max-width: 904px) 100vw, 904px\" alt=\"\" width=\"904\" height=\"656\" srcset=\"https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi-300x218.png 300w, https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi-768x557.png 768w, https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi-750x536.png 750w, https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi-120x86.png 120w, https:\/\/image.blocktempo.com\/2025\/02\/0y62i2s7Xi.png 904w\" \/><\/p>\n<p>\u6700\u91cd\u8981\u7684\u662f\uff0c\u63a8\u51fa\u7a4d\u5206\u7cfb\u7d71\u7684\u771f\u6b63\u76ee\u6a19\u662f\u589e\u5f37\u5c08\u6848\u7684\u4f7f\u7528\u8005\u57fa\u790e\uff0c\u63d0\u9ad8\u5176\u6d41\u52d5\u6027\uff0c\u4e26\u6700\u7d42\u63d0\u5347\u6240\u6709\u8207\u589e\u9577\u76f8\u95dc\u7684\u6307\u6a19\u3002\u4e00\u4e9b\u5c08\u6848\u751a\u81f3\u4f7f\u7528\u9019\u4e9b\u6307\u6a19\u4ee5\u66f4\u9ad8\u7684\u4f30\u503c\u9032\u884c\u878d\u8cc7\uff0c\u8b49\u660e\u5c08\u6848\u7684\u53c3\u8207\u5ea6\u548c\u5438\u5f15\u529b\u3002<\/p>\n<p>\u5f9e\u5fc3\u7406\u4e0a\u8b1b\uff0c\u7a4d\u5206\u662f\u4e00\u7a2e\u5f37\u5927\u7684\u884c\u70ba\u9a45\u52d5\u56e0\u7d20\uff0c\u53ef\u4ee5\u589e\u5f37\u4f7f\u7528\u8005\u7684\u53c3\u8207\u5ea6\u3002\u734e\u52f5\u9810\u671f\u7b49\u6982\u5ff5\u901a\u904e\u627f\u8afe\u672a\u4f86\u7684\u5229\u76ca\u4f86\u6fc0\u52f5\u4f7f\u7528\u8005\uff0c\u800c\u4e92\u60e0\u539f\u5247\u5247\u9f13\u52f5\u4f7f\u7528\u8005\u5c0d\u734e\u52f5\u81ea\u5df1\u52aa\u529b\u7684\u7cfb\u7d71\u4fdd\u6301\u5fe0\u8aa0\u3002\u7a4d\u5206\u7684\u53ef\u898b\u6027\u4e5f\u4fc3\u9032\u4e86\u793e\u4ea4\u6bd4\u8f03\uff0c\u6fc0\u52f5\u4f7f\u7528\u8005\u66f4\u6df1\u5165\u53c3\u8207\u7af6\u722d\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"2_Hyperliquid_%E7%A9%8D%E5%88%86%E8%A8%88%E5%8A%83\"><\/span>2. Hyperliquid \u7a4d\u5206\u8a08\u5283<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hyperliquid \u662f\u4e00\u500b\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u4ea4\u6613\u5e73\u81fa\uff0c\u64c1\u6709\u81ea\u5df1\u7684 L1\uff0c\u65e8\u5728\u5c07 CEX \u7684\u901f\u5ea6\u548c\u6548\u7387\u8207\u5340\u584a\u93c8\u7684\u5b89\u5168\u6027\u548c\u900f\u660e\u5ea6\u76f8\u7d50\u5408\u3002Hyperliquid \u5728 2024 \u5e74\u812b\u7a4e\u800c\u51fa\uff0c\u6210\u70ba\u552f\u4e00\u4e00\u500b\u6c92\u6709\u5916\u90e8\u8cc7\u52a9\u7684\u77e5\u540d\u5c08\u6848\u3002<\/p>\n<p>\u6b64\u5916\uff0cHyperliquid \u9084\u5229\u7528\u7a4d\u5206\u7cfb\u7d71\uff0c\u5728\u52a0\u5bc6\u9818\u57df\u5275\u9020\u4e86\u6700\u597d\u7684\u4ee3\u5e63\u7a7a\u6295\u6d3b\u52d5\u3002\u9019\u6b21\u7a7a\u6295\u884c\u52d5\u5728\u898f\u6a21\u548c\u57f7\u884c\u4e0a\u90fd\u6210\u70ba\u6b77\u53f2\u4e0a\u6700\u6210\u529f\u7684\u7a7a\u6295\u4e4b\u4e00\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-397259 size-large\" src=\"https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d-711x1024.png\" sizes=\"(max-width: 711px) 100vw, 711px\" alt=\"\" width=\"711\" height=\"1024\" srcset=\"https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d-208x300.png 208w, https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d-711x1024.png 711w, https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d-768x1106.png 768w, https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d-750x1080.png 750w, https:\/\/image.blocktempo.com\/2025\/02\/ri8cqV9n2d.png 904w\" \/><\/p>\n<p>\u8981\u4e86\u89e3 Hyperliquid \u5982\u4f55\u53d6\u5f97\u9019\u4e00\u6210\u5c31\uff0c\u9700\u8981\u7814\u7a76\u63a8\u52d5\u8a72\u5e73\u81fa\u8d70\u5411\u9802\u5cf0\u4e26\u6210\u70ba\u8a71\u984c\u4e2d\u5fc3\u7684\u5404\u7a2e\u56e0\u7d20\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Hyperliquid_%E7%A9%8D%E5%88%86%E5%AD%A3%E6%B4%BB%E5%8B%95\"><\/span>Hyperliquid \u7a4d\u5206\u5b63\u6d3b\u52d5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u7a4d\u5206\u8a08\u5283\u662f Hyperliquid \u6210\u529f\u7684\u57fa\u77f3\uff0c\u65e8\u5728\u734e\u52f5\u4f7f\u7528\u8005\u4e26\u4fc3\u9032\u8207\u5e73\u81fa\u7684\u771f\u6b63\u4e92\u52d5\u3002\u5728\u6b64\u671f\u9593\u555f\u52d5\u4e86\u4e09\u500b\u4e3b\u8981\u8cfd\u5b63\uff1a\u5c01\u9589\u5f0f alpha\u3001\u516c\u958b\u7684\u7b2c\u4e00\u5b63\u548c\u7b2c\u4e8c\u5b63\u3002Hyperliquid \u9084\u5be6\u65bd\u4e86\u672a\u516c\u958b\u7684\u7b2c 1.5 \u5b63\u548c\u7b2c 2.5 \u5b63\uff0c\u70ba\u771f\u5be6\u4f7f\u7528\u800c\u4e0d\u662f\u55ae\u7d14\u7684\u7a4d\u5206\u6316\u7926\u63d0\u4f9b\u984d\u5916\u7a4d\u5206\u3002<\/p>\n<p>\u5728 2023 \u5e74 10 \u6708 31 \u65e5\u7d50\u675f\u7684\u5c01\u9589\u5f0f alpha \u968e\u6bb5\uff0cHyperliquid \u5728 11,500 \u540d\u6d3b\u8e8d\u4f7f\u7528\u8005\u4e2d\u5206\u767c\u4e86 4.46 \u5104\u7a4d\u5206\u3002\u9019\u4e00\u968e\u6bb5\u734e\u52f5\u4e86\u53c3\u8207\u6e2c\u8a66\u5e73\u81fa\u7684\u65e9\u671f\u63a1\u7528\u8005\uff0c\u70ba Hyperliquid \u7684\u793e\u7fa4\u9a45\u52d5\u7cbe\u795e\u5960\u5b9a\u4e86\u57fa\u790e\u3002<\/p>\n<p>\u7a4d\u5206\u8a08\u5283\u548c\u7b2c\u4e00\u5b63\u65bc 2023 \u5e74 11 \u6708 1 \u65e5\u6b63\u5f0f\u555f\u52d5\uff0c\u5728\u516d\u500b\u6708\u5167\u6bcf\u9031\u5206\u767c 100 \u842c\u500b\u7a4d\u5206\uff0c\u4ee5\u734e\u52f5\u70ba\u5354\u8b70\u589e\u9577\u505a\u51fa\u8ca2\u737b\u7684\u4f7f\u7528\u8005\u3002\u9019\u4e00\u521d\u59cb\u968e\u6bb5\u65bc 2024 \u5e74 5 \u6708 1 \u65e5\u7d50\u675f\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u4f7f\u7528\u8005\u53ef\u4ee5\u901a\u904e\u63a8\u85a6\u8cfa\u53d6\u8cbb\u7528\u548c\u7a4d\u5206\u3002\u70ba\u9032\u4e00\u6b65\u6fc0\u52f5\u53c3\u8207\u548c\u5206\u914d\uff0c\u81e8\u6642\u9032\u884c\u7684\u7b2c 1.5 \u5b63\uff082024 \u5e74 5 \u6708 1 \u65e5\u81f3 5 \u6708 28 \u65e5\uff09\u63a1\u7528 2 \u500d\u7a4d\u5206\u734e\u52f5\uff0c\u4e26\u5728\u56db\u5468\u5167\u5171\u5206\u767c\u4e86 800 \u842c\u7a4d\u5206\u3002<\/p>\n<p>\u7b2c\u4e8c\u5b63\u65bc 2024 \u5e74 5 \u6708 29 \u65e5\u958b\u59cb\uff0c\u6bcf\u9031\u5206\u767c 70 \u842c\u500b\u7a4d\u5206\uff0c\u76f4\u5230 2024 \u5e74 9 \u6708 29 \u65e5\u3002\u5728\u9019 4 \u500b\u6708\u4e4b\u5f8c\u662f\u672a\u516c\u958b\u7684\u7b2c 2.5 \u5b63\uff0c\u5f9e 2024 \u5e74 9 \u6708 30 \u65e5\u6301\u7e8c\u5230 11 \u6708\uff0c\u5171\u5206\u767c\u4e86 840 \u842c\u7a4d\u5206\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"%E8%B3%BA%E5%8F%96%E7%8D%8E%E5%8B%B5%EF%BC%9A%E6%89%80%E7%9F%A5%E9%81%93%E7%9A%84%E8%88%87%E5%B0%9A%E4%B8%8D%E6%B8%85%E6%A5%9A%E7%9A%84\"><\/span>\u8cfa\u53d6\u734e\u52f5\uff1a\u6240\u77e5\u9053\u7684\u8207\u5c1a\u4e0d\u6e05\u695a\u7684<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hyperliquid \u7684\u734e\u52f5\u7cfb\u7d71\u9f13\u52f5\u4f7f\u7528\u8005\u53c3\u8207\u5408\u898f\u6d3b\u52d5\uff0c\u4f8b\u5982\u7522\u751f\u4ea4\u6613\u91cf\u548c\u5b58\u5165\u8cc7\u91d1\u3002\u7136\u800c\uff0c\u865b\u5047\u4ea4\u6613\u3001\u63d0\u6b3e\u548c\u4f7f\u7528\u95dc\u806f\u9322\u5305\u9032\u884c\u6316\u7926\u7b49\u64cd\u7e31\u884c\u70ba\u6703\u53d7\u5230\u61f2\u7f70\u4e26\u88ab\u6a19\u8a18\u70ba Sybil \uff08\u5973\u5deb\uff09\u6d3b\u52d5\u3002<\/p>\n<p>\u96d6\u7136\u5206\u914d\u7387\u548c\u8cfd\u5b63\u671f\u9593\u662f\u900f\u660e\u7684\uff0c\u4f46\u95dc\u9375\u7d30\u7bc0\u4ecd\u4e0d\u78ba\u5b9a\u6216\u76f4\u5230\u4e00\u6bb5\u6642\u9593\u5f8c\u624d\u62ab\u9732\uff0c\u5305\u62ec\u8cfd\u5b63\u7e3d\u7a4d\u5206\u6578\u3001\u4ee3\u5e63\u7684\u5b58\u5728\u3001\u7a4d\u5206\u5982\u4f55\u8f49\u63db\u6210\u4ee3\u5e63\u3001\u7372\u5f97\u7a4d\u5206\u7684\u78ba\u5207\u6a19\u6e96\u4ee5\u53ca\u53ef\u80fd\u5c0e\u81f4\u8655\u7f70\u7684\u884c\u70ba\u3002<\/p>\n<p>\u9019\u7a2e\u660e\u78ba\u6027\u548c\u6a21\u7cca\u6027\u7684\u6df7\u5408\u4f7f\u53c3\u8207\u8005\u5c08\u6ce8\u65bc\u6709\u610f\u7fa9\u7684\u8ca2\u737b\uff0c\u540c\u6642\u63a8\u6e2c\u7af6\u9078\u7cfb\u7d71\u7684\u66f4\u5ee3\u6cdb\u6f5b\u529b\u3002<\/p>\n<p><strong>Perps \u4ea4\u6613\u548c\u7b2c\u4e00\u5b63<\/strong><\/p>\n<p>\u96d6\u7136\u6bcf\u500b\u8cfd\u5b63\u7684\u7e3d\u7a4d\u5206\u5206\u914d\u662f\u5df2\u77e5\u7684\uff0c\u4f46\u4ee3\u5e63\u5206\u914d\u7684\u78ba\u5207\u8a08\u7b97\u81f3\u4eca\u4ecd\u4e0d\u6e05\u695a\u3002\u5728\u7b2c\u4e00\u5b63\u4e2d\uff0c\u7531\u65bc\u76f4\u5230\u6700\u5f8c\u5e7e\u5468\u624d\u8003\u616e\u6c38\u7e8c\u5408\u7d04\u5e02\u5834\uff0c\u56e0\u6b64\u63a8\u6e2c\u7a4d\u5206\u5206\u914d\u662f\u57fa\u65bc\u6c38\u7e8c\u5408\u7d04\u9818\u57df\u7684\u5178\u578b\u6307\u6a19\uff0c\u5982\u4ea4\u6613\u91cf\u3001\u4ea4\u6613\u7b46\u6578\u3001\u652f\u4ed8\u7684\u8cc7\u91d1\u8cbb\u7528\u3001\u6e05\u7b97\u91cf\u4ee5\u53ca\u4f7f\u7528\u8005\u5229\u6f64\u91cf\u6216\u8667\u640d\u91cf\u3002<\/p>\n<p>\u8207\u7b2c\u4e8c\u5b63\u76f8\u6bd4\uff0c\u7b2c\u4e00\u5b63\u7684\u7a4d\u5206\u5206\u914d\u66f4\u52a0\u7dda\u6027\uff0c\u901a\u904e\u6c38\u7e8c\u5408\u7d04\u8f49\u79fb\u66f4\u591a\u8cc7\u672c\u7684\u4f7f\u7528\u8005\u7372\u5f97\u7684\u7a4d\u5206\u660e\u986f\u66f4\u591a\u3002\u7a4d\u5206\u5206\u914d\u53ef\u80fd\u6709\u4e0a\u9650\uff0c\u6216\u8005\u5728\u9054\u5230\u67d0\u4e9b\u95be\u503c\u5f8c\uff0c\u8cfa\u53d6\u984d\u5916\u7a4d\u5206\u7684\u6210\u672c\u8d8a\u4f86\u8d8a\u9ad8\u3002\u7136\u800c\uff0c\u7576\u6642\u64c1\u6709\u66f4\u591a\u8cc7\u672c\u7684\u4f7f\u7528\u8005\u548c\u53ea\u80fd\u7528\u5e7e\u5343\u7f8e\u5143\u9032\u884c\u4ea4\u6613\u7684\u4f7f\u7528\u8005\u4e4b\u9593\u5b58\u5728\u660e\u986f\u5340\u5225\u3002<\/p>\n<p><strong>\u73fe\u8ca8\u4ea4\u6613\u3001\u96f6\u552e\u548c\u53c3\u8207<\/strong><\/p>\n<p>\u73fe\u8ca8\u5e02\u5834\u662f\u5728\u7b2c\u4e00\u5b63\u7d50\u675f\u524d\u8207 PURR \u7a7a\u6295\u4e00\u8d77\u63a8\u51fa\u3002\u6700\u521d\uff0c\u6c92\u6709\u8de1\u8c61\u8868\u660e\u73fe\u8ca8\u5e02\u5834\u4ea4\u6613\u6216\u4e00\u822c\u4ea4\u6613\u6703\u9644\u5e36\u6fc0\u52f5\u63aa\u65bd\u3002\u7136\u800c\uff0c5 \u6708\u4e4b\u5f8c\uff0c\u7b2c\u4e8c\u5b63\u7a4d\u5206\u6d3b\u52d5\u555f\u52d5\uff0c\u6a19\u8a8c\u8457\u734e\u52f5\u6a5f\u5236\u7684\u8f49\u8b8a\u3002<\/p>\n<p>\u5728\u7b2c\u4e00\u5b63\u671f\u9593\uff0c\u8cfa\u53d6\u7a4d\u5206\u7684\u552f\u4e00\u65b9\u6cd5\u662f\u4ea4\u6613\u6c38\u7e8c\u5408\u7d04\uff0c\u8a72\u7cfb\u7d71\u81ea\u7136\u6709\u5229\u65bc\u9be8\u9b5a\u3001\u9ad8\u983b\u4ea4\u6613\u8005\u548c\u505a\u5e02\u5546\uff0c\u56e0\u70ba\u5176\u53ef\u4ee5\u7372\u5f97\u66f4\u5927\u7684\u8cc7\u672c\u548c\u5148\u9032\u7684\u4ea4\u6613\u7b56\u7565\u3002\u7b2c\u4e8c\u5b63\u5f15\u5165\u4e86\u66f4\u5177\u5305\u5bb9\u6027\u7684\u7cfb\u7d71\uff0c\u5141\u8a31\u4f7f\u7528\u8005\u4e0d\u50c5\u5728\u73fe\u8ca8\u5e02\u5834\u4ea4\u6613\u8cfa\u53d6\u7a4d\u5206\uff0c\u9084\u53ef\u4ee5\u901a\u904e\u6301\u6709\u8cc7\u7522\u8cfa\u53d6\u7a4d\u5206\u3002\u9019\u4e00\u8b8a\u5316\u4f7f\u7af6\u722d\u74b0\u5883\u66f4\u52a0\u516c\u5e73\uff0c\u56e0\u70ba\u73fe\u8ca8\u5e02\u5834\u7f3a\u4e4f\u6df1\u5ea6\u6d41\u52d5\u6027\uff0c\u8b93\u6563\u6236\u4ea4\u6613\u8005\u548c\u9be8\u9b5a\u8655\u65bc\u5e73\u7b49\u5730\u4f4d\uff0c\u4e26\u4f7f\u8cc7\u672c\u8f03\u5c11\u7684\u53c3\u8207\u8005\u66f4\u5bb9\u6613\u7af6\u722d\u7a4d\u5206\u3002<\/p>\n<p>\u5927\u591a\u6578\u7a7a\u6295\u6a5f\u5236\u4e2d\uff0c\u9be8\u9b5a\u901a\u904e\u8cea\u62bc\u6216\u9ad8\u4ea4\u6613\u91cf\u5229\u7528\u5176\u8cc7\u672c\u5360\u4e3b\u5c0e\u5730\u4f4d\u3002Hyperliquid \u5247\u4e0d\u540c\uff0c\u5176\u5718\u968a\u5be6\u65bd\u4e86\u78ba\u4fdd\u66f4\u516c\u5e73\u5206\u914d\u734e\u52f5\u7684\u6a5f\u5236\u3002\u9019\u7a2e\u8a2d\u8a08\u986f\u8457\u63d0\u9ad8\u4e86\u793e\u7fa4\u5c0d\u8a72\u5e73\u81fa\u7684\u7a4d\u6975\u60c5\u7dd2\u3002<\/p>\n<p>\u5230\u7b2c\u4e8c\u5b63\u958b\u59cb\u6642\uff0c\u7a4d\u5206\u5206\u914d\u5df2\u5206\u6563\u5230\u6c38\u7e8c\u5e02\u5834\u548c\u73fe\u8ca8\u5e02\u5834\u7684\u4f7f\u7528\u8005\u4e2d\u3002\u96d6\u7136\u6bcf\u9031\u7a4d\u5206\u5206\u914d\u7684\u5177\u9ad4\u7d30\u76ee\u4ecd\u672a\u62ab\u9732\uff0c\u4f46\u73fe\u8ca8\u5e02\u5834\u7368\u6709\u7684\u6307\u6a19\uff08\u4f8b\u5982\u4ee3\u5e63\u6301\u6709\u91cf\u6216\u6d41\u52d5\u6027\u8ca2\u737b\uff09\u53ef\u80fd\u6703\u5f71\u97ff\u734e\u52f5\u8a08\u7b97\u3002<\/p>\n<p>\u4fdd\u6301\u9019\u4e9b\u734e\u52f5\u6a5f\u5236\u4e0d\u900f\u660e\u7684\u6c7a\u5b9a\u8981\u6c42\u4f7f\u7528\u8005\u81ea\u5df1\u5617\u8a66\u548c\u767c\u73fe\u6700\u4f73\u7b56\u7565\uff0c\u9632\u6b62\u9be8\u9b5a\u4f5c\u5f0a\u548c\u58df\u65b7\u7a4d\u5206\u5206\u914d\u3002\u9019\u7a2e\u65b9\u6cd5\u7522\u751f\u4e86\u66f4\u516c\u5e73\u7684\u734e\u52f5\u7d50\u69cb\uff0c\u4fc3\u9032\u4e86\u4e0d\u540c\u8cc7\u672c\u6c34\u5e73\u4f7f\u7528\u8005\u7684\u5305\u5bb9\u548c\u53c3\u8207\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"3_%E6%8C%87%E6%A8%99\"><\/span>3. \u6307\u6a19<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-397260 size-large\" src=\"https:\/\/image.blocktempo.com\/2025\/02\/NBNUBZ1LLl.png\" sizes=\"(max-width: 904px) 100vw, 904px\" alt=\"\" width=\"904\" height=\"522\" srcset=\"https:\/\/image.blocktempo.com\/2025\/02\/NBNUBZ1LLl-300x173.png 300w, https:\/\/image.blocktempo.com\/2025\/02\/NBNUBZ1LLl-768x443.png 768w, https:\/\/image.blocktempo.com\/2025\/02\/NBNUBZ1LLl-750x522.png 750w, https:\/\/image.blocktempo.com\/2025\/02\/NBNUBZ1LLl.png 904w\" \/><\/p>\n<p>\u5728\u4e0a\u5716\u5206\u6790\u7684\u6642\u9593\u6bb5\u5167\uff0c\u672a\u5e73\u5009\u5408\u7d04\uff08OI\uff09\u986f\u793a\u51fa\u6301\u7e8c\u7684\u4e0a\u5347\u8da8\u52e2\uff0c\u8207\u4ea4\u6613\u91cf\u6a21\u5f0f\u7dca\u5bc6\u76f8\u95dc\uff0c\u5168\u5e74\u6c92\u6709\u51fa\u73fe\u6d17\u76e4\u4ea4\u6613\u7684\u8de1\u8c61\u3002\u5927\u591a\u6578\u6d3b\u52d5\u4f3c\u4e4e\u662f\u81ea\u7136\u767c\u751f\u7684\uff0c\u5728\u6d3b\u8e8d\u6642\u671f\u5438\u5f15\u4e86\u5e02\u5834\u7684\u6ce8\u610f\u529b\uff0c\u800c\u5728\u8f03\u70ba\u5e73\u975c\u7684\u590f\u5b63\uff0c\u7576\u5927\u76e4\u5448\u6a6b\u76e4\u8da8\u52e2\u4e26\u7565\u6709\u4e0b\u8dcc\u8da8\u52e2\u6642\uff0c\u6d3b\u52d5\u9010\u6f38\u6e1b\u5c11\u3002<\/p>\n<p>\u4e00\u500b\u95dc\u9375\u6642\u523b\u662f PURR \u7a7a\u6295\uff0c\u5176\u63a8\u52d5\u4e86\u5e73\u81fa\u6d3b\u52d5\u986f\u8457\u589e\u9577\u3002\u7b2c\u4e00\u5b63\u6d3b\u52d5\u7d50\u675f\u5f8c\uff0c\u6d3b\u8e8d\u7a0b\u5ea6\u5448\u81ea\u7136\u4e0b\u964d\u614b\u52e2\uff0c\u53ea\u4fdd\u7559\u4e86\u771f\u6b63\u53c3\u8207 dApp \u7684\u4f7f\u7528\u8005\u3002\u96a8\u5f8c\uff0c\u5728\u7b2c 1.5 \u5b63\u63a8\u51fa\u671f\u9593\uff0c\u9019\u4e9b\u4f7f\u7528\u8005\u7372\u5f97\u4e86\u984d\u5916\u7684\u7a4d\u5206\u734e\u52f5\uff0c\u9032\u4e00\u6b65\u6fc0\u52f5\u4e86\u4ed6\u5011\u7684\u53c3\u8207\u3002<\/p>\n<p>\u6700\u521d\u7b2c\u4e00\u5b63\u6d3b\u52d5\u7684\u63a8\u51fa\u5f15\u8d77\u4e86\u8f03\u5c11\u7684\u95dc\u6ce8\uff0c\u4f46\u5728\u63a5\u4e0b\u4f86\u7684\u5e7e\u500b\u6708\u88e1\uff0c\u5373\u4f7f\u5728\u4f4e\u8ff7\u7684\u52a0\u5bc6\u5e02\u5834\u4e2d\uff0c\u6d3b\u52d5\u4e5f\u9010\u6f38\u589e\u52a0\u3002\u5230\u7b2c\u4e8c\u5b63\u7d50\u675f\u6642\uff0c\u7576\u5927\u76e4\u4ecd\u5728\u5fa9\u7526\u6642\uff0cHyperliquid \u5df2\u6210\u70ba\u4e00\u500b\u71b1\u9580\u8a71\u984c\u3002\u5118\u7ba1\u6c92\u6709\u516c\u958b\u734e\u52f5\uff0c\u800c\u4e14\u5e02\u5834\u666e\u904d\u8a8d\u70ba\u8a72\u5e73\u81fa\u7684\u7092\u4f5c\u5df2\u7d93\u6d88\u9000\uff0c\u4f46\u5176\u6307\u6a19\u537b\u51fa\u73fe\u4e86\u5927\u5e45\u4e0a\u5347\u3002\u96a8\u8457\u7f8e\u570b\u5927\u9078\u5f8c\u5e02\u5834\u53cd\u5f48\uff0cHyperliquid \u6210\u70ba\u93c8\u4e0a\u4ea4\u6613\u8005\u7684\u9996\u9078\u5e73\u81fa\uff0c\u8868\u73fe\u4e00\u76f4\u512a\u65bc\u5176\u7af6\u722d\u5c0d\u624b\u3002<\/p>\n<p>Hyperliquid \u57fa\u91d1\u6703\u7684\u6210\u7acb\uff0c\u52a0\u4e0a\u5373\u5c07\u63a8\u51fa\u7684\u7db2\u8def\u4ee3\u5e63\u78ba\u8a8d\uff0c\u978f\u56fa\u4e86\u8a72\u5e73\u81fa\u5728\u5e02\u5834\u4e0a\u7684\u5730\u4f4d\u3002\u9019\u7a2e\u66dd\u5149\u91cf\u7684\u6fc0\u589e\u523a\u6fc0\u4e86\u76f8\u95dc\u6307\u6a19\u5be6\u73fe\u6307\u6578\u7d1a\u589e\u9577\uff0c\u5438\u5f15\u4e86\u65b0\u4f7f\u7528\u8005\uff0c\u65b0\u4f7f\u7528\u8005\u5c0d\u8a72\u5e73\u81fa\u4fdd\u6301\u4e86\u4e00\u5b9a\u7a0b\u5ea6\u7684\u8a8d\u53ef\uff0c\u88ab\u5176\u5f37\u5927\u7684\u6548\u80fd\u548c\u5275\u65b0\u529f\u80fd\u6240\u5438\u5f15\u3002<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"4_%E5%85%B6%E4%BB%96%E5%B0%88%E6%A1%88%E5%81%9A%E4%BA%86%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>4. \u5176\u4ed6\u5c08\u6848\u505a\u4e86\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u70ba\u4e86\u7e3d\u7d50\u4e26\u7406\u89e3\u70ba\u4ec0\u9ebc Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u6210\u529f\u800c\u5176\u4ed6\u5c08\u6848\u7684\u7a4d\u5206\u6c92\u6709\u6210\u529f\uff0c\u4e0b\u8868\u6bd4\u8f03\u4e86\u672c\u8f2a\u9031\u671f\u4e3b\u8981\u7a7a\u6295\u8207\u7a4d\u5206\u7cfb\u7d71\u7684\u4e3b\u8981\u7279\u5fb5\uff1a<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-397258 size-large\" src=\"https:\/\/image.blocktempo.com\/2025\/02\/MeYLtN2GlK.png\" sizes=\"(max-width: 904px) 100vw, 904px\" alt=\"\" width=\"904\" height=\"1012\" srcset=\"https:\/\/image.blocktempo.com\/2025\/02\/MeYLtN2GlK-268x300.png 268w, https:\/\/image.blocktempo.com\/2025\/02\/MeYLtN2GlK-768x860.png 768w, https:\/\/image.blocktempo.com\/2025\/02\/MeYLtN2GlK-750x840.png 750w, https:\/\/image.blocktempo.com\/2025\/02\/MeYLtN2GlK.png 904w\" \/><\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"5_%E6%88%90%E5%8A%9F%E7%A5%95%E8%A8%A3\"><\/span>5. \u6210\u529f\u7955\u8a23<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u7684\u6210\u529f\u4e4b\u8655\u5728\u65bc\u80fd\u5e73\u8861\u4f7f\u7528\u8005\u7c98\u6027\u6a5f\u5236\u548c\u5176\u57fa\u790e\u7522\u54c1\u7684\u54c1\u8cea\u3002\u901a\u904e\u5206\u6790\u5176\u7368\u7279\u6027\u548c\u8207\u5176\u4ed6\u7a7a\u6295\u6d3b\u52d5\u7684\u5171\u540c\u7279\u5fb5\uff0c\u53ef\u4ee5\u5f97\u51fa\u95dc\u65bc\u63d0\u5347\u4f7f\u7528\u8005\u5fe0\u8aa0\u5ea6\u3001\u4ee3\u5e63\u7559\u5b58\u548c\u5c08\u6848\u589e\u9577\u7684\u95dc\u9375\u7d93\u9a57\u6559\u8a13\u3002<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Hyperliquid_%E7%A9%8D%E5%88%86%E7%B3%BB%E7%B5%B1%E7%9A%84%E7%8D%A8%E7%89%B9%E4%B9%8B%E8%99%95\"><\/span>Hyperliquid \u7a4d\u5206\u7cfb\u7d71\u7684\u7368\u7279\u4e4b\u8655<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Hyperliquid \u5f15\u5165\u4e86\u5275\u65b0\u5143\u7d20\uff0c\u4f7f\u5176\u6d3b\u52d5\u8207\u773e\u4e0d\u540c\u3002\u8a72\u7cfb\u7d71\u7684\u6709\u9650\u7a4d\u5206\u5275\u9020\u4e86\u4e00\u500b\u516c\u5e73\u548c\u7af6\u722d\u7684\u74b0\u5883\uff0c\u907f\u514d\u4e86\u7531\u65bc\u7121\u9650\u5236\u7a4d\u5206\u6316\u7926\u800c\u7d93\u5e38\u5f15\u8d77\u7684\u4f7f\u7528\u8005\u4e0d\u6eff\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u4f7f\u7528\u8005\u9084\u53ef\u4ee5\u7372\u5f97\u984d\u5916\u7684\u7a7a\u6295\uff0c\u589e\u52a0\u53c3\u8207\u7684\u611f\u77e5\u50f9\u503c\u3002\u6700\u91cd\u8981\u7684\u662f\uff0c\u7a4d\u5206\u6316\u7926\u9700\u8981\u6280\u80fd\u548c\u52aa\u529b\uff0c\u78ba\u4fdd\u6700\u6295\u5165\u548c\u6700\u6709\u80fd\u529b\u7684\u4f7f\u7528\u8005\u7372\u5f97\u734e\u52f5\uff0c\u540c\u6642\u904e\u6ffe\u6389\u90a3\u4e9b\u5c0b\u6c42\u8f15\u9b06\u7372\u76ca\u7684\u4f7f\u7528\u8005\u3002<\/p>\n<h4><span class=\"ez-toc-section\" id=\"%E7%A9%BA%E6%8A%95%E7%9A%84%E5%85%B1%E5%90%8C%E7%89%B9%E5%BE%B5\"><\/span>\u7a7a\u6295\u7684\u5171\u540c\u7279\u5fb5<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u5118\u7ba1 Hyperliquid \u7684\u6d3b\u52d5\u5177\u5099\u7368\u7279\u6027\uff0c\u4f46\u8207\u5176\u4ed6\u7a7a\u6295\u5177\u6709\u67d0\u4e9b\u5171\u540c\u7279\u5fb5\u3002\u7e3d\u7a4d\u5206\u672a\u63d0\u524d\u62ab\u9732\uff0c\u5f9e\u800c\u4fdd\u6301\u4e86\u5e02\u5834\u7684\u8208\u8da3\u548c\u731c\u6e2c\u3002\u8207\u8a31\u591a\u5176\u4ed6\u6d3b\u52d5\u4e00\u6a23\uff0c\u5b83\u6301\u7e8c\u4e86\u5927\u7d04 10 \u500b\u6708\uff0c\u4e26\u5728\u4ee3\u5e63\u751f\u6210\u6d3b\u52d5\u524d\u63a8\u51fa\u4e00\u500b\u6216\u591a\u500b\u7a4d\u5206\u8cfd\u5b63\u3002\u7136\u800c\uff0c\u7f3a\u4e4f\u660e\u78ba\u7684\u898f\u5247\u662f\u4e00\u500b\u5171\u540c\u7684\u7f3a\u9ede\uff0c\u8b93\u4f7f\u7528\u8005\u81ea\u5df1\u53bb\u6316\u6398\u734e\u52f5\u6a5f\u5236\u3002\u7a4d\u5206\u6316\u7926\u9084\u9700\u8981\u8cc7\u91d1\u6295\u5165\uff0c\u9019\u662f\u985e\u4f3c\u6d3b\u52d5\u4e2d\u7684\u6a19\u6e96\u505a\u6cd5\uff0c\u4f46\u6709\u6642\u662f\u6392\u4ed6\u6027\u505a\u6cd5\u3002<\/p>\n<h4><span class=\"ez-toc-section\" id=\"%E6%9C%AA%E4%BE%86%E7%A9%BA%E6%8A%95%E7%9A%84%E7%B6%93%E9%A9%97%E6%95%99%E8%A8%93\"><\/span>\u672a\u4f86\u7a7a\u6295\u7684\u7d93\u9a57\u6559\u8a13<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u5982\u679c\u76ee\u6a19\u662f\u5c07\u4ee3\u5e63\u5206\u767c\u7d66\u77ad\u89e3\u751f\u614b\u7cfb\u7d71\u7684\u719f\u7df4\u3001\u5fe0\u8aa0\u7684\u6301\u6709\u8005\uff0c\u90a3\u9ebc\u7372\u5f97\u7a7a\u6295\u7684\u4f7f\u7528\u8005\u9700\u8981\u52aa\u529b\u548c\u5c08\u696d\u77e5\u8b58\u3002\u9019\u7a2e\u65b9\u6cd5\u4f7f\u53c3\u8207\u8005\u8207\u5c08\u6848\u7684\u9858\u666f\u4fdd\u6301\u4e00\u81f4\uff0c\u4e26\u6e1b\u5c11\u4e86 TGE \u5f8c\u4ee3\u5e63\u88ab\u62cb\u552e\u7684\u53ef\u80fd\u6027\u3002\u9650\u5236\u7e3d\u7a4d\u5206\u53ef\u4ee5\u9032\u4e00\u6b65\u63d0\u9ad8\u4f7f\u7528\u8005\u6eff\u610f\u5ea6\uff0c\u5f9e\u800c\u57f9\u990a\u4fe1\u4efb\u4e26\u6e1b\u8f15\u904e\u5ea6\u7a4d\u5206\u6316\u7926\u3002\u6b64\u5916\uff0c\u7926\u5de5\u61c9\u8a72\u89ba\u5f97\u4ed6\u5011\u7684\u734e\u52f5\u662f\u901a\u904e\u6642\u9593\u3001\u8cc7\u91d1\u548c\u6280\u80fd\u7684\u7d50\u5408\u800c\u7372\u5f97\u7684\uff0c\u800c\u4e0d\u662f\u514d\u8cbb\u7684\uff0c\u9019\u589e\u52a0\u4e86\u4ee3\u5e63\u7684\u611f\u77e5\u50f9\u503c\u3002<\/p>\n<p>\u7406\u60f3\u7684\u7a4d\u5206\u6316\u7926\u6642\u9593\u4f3c\u4e4e\u5728\u5341\u500b\u6708\u5de6\u53f3\u3002\u6b63\u5982 Hyperliquid \u548c\u5176\u4ed6\u9818\u5148\u7684\u6d3b\u52d5\u6240\u5448\u73fe\u7684\uff0c\u9019\u4e00\u6642\u671f\u5e73\u8861\u4e86\u6301\u7e8c\u53c3\u8207\u548c\u4f7f\u7528\u8005\u75b2\u52de\u3002\u50cf Grass \u9019\u6a23\u9700\u8981\u6700\u5c11\u52aa\u529b\u7684\u7c21\u55ae\u7a0b\u5f0f\u53ef\u4ee5\u627f\u53d7\u8f03\u77ed\u7684\u6642\u9593\uff0c\u4f46\u90a3\u4e9b\u8981\u6c42\u9ad8\u7684\u627f\u8afe\u9700\u8981\u8f03\u9577\u7684\u6642\u9593\u624d\u80fd\u6210\u529f\u3002<\/p>\n<h4><span class=\"ez-toc-section\" id=\"%E6%9B%B4%E5%BB%A3%E9%97%8A%E7%9A%84%E5%9C%96%E6%99%AF%EF%BC%9A%E7%94%A2%E5%93%81%E5%8B%9D%E9%81%8E%E7%A9%8D%E5%88%86\"><\/span>\u66f4\u5ee3\u95ca\u7684\u5716\u666f\uff1a\u7522\u54c1\u52dd\u904e\u7a4d\u5206<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Hyperliquid \u7684\u6210\u529f\u9060\u9060\u8d85\u51fa\u4e86\u5176\u7a4d\u5206\u7cfb\u7d71\u3002\u5b83\u907f\u514d\u4e86\u904e\u9ad8\u7684\u884c\u92b7\u6210\u672c\uff0c\u62d2\u7d55\u5728\u6d3b\u52d5\u671f\u9593\u6536\u53d6\u8cbb\u7528\uff0c\u4e26\u63d0\u4f9b\u4e86\u4e00\u500b\u4ee5\u4f7f\u7528\u8005\u70ba\u4e2d\u5fc3\u7684\u5e73\u81fa\u3002\u5b83\u4e0d\u53d7\u5916\u90e8\u8cc7\u91d1\u548c\u6295\u8cc7\u8005\u9a45\u52d5\u7684\u8def\u7dda\u5716\u7d04\u675f\uff0c\u5f9e\u800c\u5be6\u73fe\u4e86\u4e00\u81f4\u7684\u3001\u793e\u7fa4\u9a45\u52d5\u7684\u6558\u4e8b\u3002\u901a\u904e\u5c08\u6ce8\u65bc\u6c38\u7e8c\u5408\u7d04\u4ea4\u6613\uff0cHyperliquid \u6253\u9020\u4e86\u4e00\u6b3e\u5373\u4f7f\u5728\u5e02\u5834\u4f4e\u8ff7\u6642\u671f\u4e5f\u4ecd\u5fc5\u4e0d\u53ef\u5c11\u7684\u7522\u54c1\uff0c\u78ba\u4fdd\u4e86\u6301\u7e8c\u7684\u4ea4\u6613\u6d3b\u52d5\u3002<\/p>\n<p>\u8a72\u5c08\u6848\u5faa\u5e8f\u6f38\u9032\u7684\u65b9\u6cd5\u57f9\u990a\u4e86\u4e00\u500b\u771f\u6b63\u76f8\u4fe1\u5176\u4f7f\u547d\u7684\u5fe0\u8aa0\u793e\u7fa4\u3002\u7a4d\u5206\u6d3b\u52d5\u4e2d\u5c0d\u52aa\u529b\u548c\u6280\u80fd\u7684\u5f37\u8abf\u4e0d\u50c5\u904e\u6ffe\u6389\u4e86\u6295\u6a5f\u53d6\u5de7\u7684\u7926\u5de5\uff0c\u9084\u5728\u9802\u7d1a\u8ca2\u737b\u8005\u548c\u5c08\u6848\u4e4b\u9593\u5efa\u7acb\u4e86\u7262\u56fa\u7684\u806f\u7d61\u3002<\/p>\n<p><a href=\"https:\/\/t.me\/blocktemponews\/\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-194701 size-full\" src=\"https:\/\/image.blocktempo.com\/2022\/11\/\u52d5\u5340\u5b98\u7db2tg-banner-1116.png\" alt=\"\" width=\"800\" height=\"164\" srcset=\"https:\/\/image.blocktempo.com\/2022\/11\/\u52d5\u5340\u5b98\u7db2tg-banner-1116-300x62.png 300w, https:\/\/image.blocktempo.com\/2022\/11\/\u52d5\u5340\u5b98\u7db2tg-banner-1116-768x157.png 768w, https:\/\/image.blocktempo.com\/2022\/11\/b3hG6umc-\u52d5\u5340\u5b98\u7db2tg-banner-1116-750x164.png 750w, https:\/\/image.blocktempo.com\/2022\/11\/\u52d5\u5340\u5b98\u7db2tg-banner-1116.png 800w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<h5>\ud83d\udccd\u76f8\u95dc\u5831\u5c0e\ud83d\udccd<\/h5>\n<p class=\"jeg_post_title\"><strong><a href=\"https:\/\/www.blocktempo.com\/hyperliquid-bull-market-gold-rush-guide\/\">Hyperliquid \u751f\u614b\u5e63\u66b4\u6f32\uff0c\u4ea4\u6613\u6a5f\u5668\u4eba\u3001\u8ffd\u8e64\u8070\u660e\u9322\u3001\u5206\u6790\u5de5\u5177\u6574\u7406<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.blocktempo.com\/analysis-of-hyperliquid-airdrop-model\/\">\u89e3\u6790\u4eca\u5e74\u6700\u6210\u529f\u7a7a\u6295\uff1aHyperliquid\u300c\u5148\u7522\u54c1\u5f8c\u4ee3\u5e63\u300d\u5982\u4f55\u5f15\u7206\u5e02\u5834\uff1f<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.blocktempo.com\/why-is-this-cycle-so-painful-and-what-can-i-still-do\/\" target=\"_blank\" rel=\"noopener\">\u89c0\u9ede\uff1a\u70ba\u4f55\u9019\u8f2a\u9031\u671f\u5982\u6b64\u96e3\u71ac\uff0c\u6211\u9084\u80fd\u505a\u4ec0\u9ebc\uff1f<\/a><\/strong><\/p>\n<div style=\"display: flex; justify-content: center; padding: 0px;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid \u7684\u7a4d\u5206\u7cfb\u7d71\u6210\u70ba\u53f2\u4e0a\u6700\u6210\u529f\u7684\u7a7a\u6295\u4e4b\u4e00\u3002\u672c\u6587\u63a2\u8a0e\u5176\u7a4d\u5206\u6a5f\u5236\u53ca\u6210\u529f\u539f\u56e0\uff0c\u63ed\u793a\u7528\u6236\u53c3\u8207\u548c\u5fe0\u8aa0\u5ea6 [&hellip;]<\/p>\n","protected":false},"author":98,"featured_media":397268,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4350,3],"tags":[3924,20099,992],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/image.blocktempo.com\/2025\/02\/222b9528858c91ab8c052620b669249c.png","_links":{"self":[{"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/posts\/397256"}],"collection":[{"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/comments?post=397256"}],"version-history":[{"count":5,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/posts\/397256\/revisions"}],"predecessor-version":[{"id":397401,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/posts\/397256\/revisions\/397401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/media\/397268"}],"wp:attachment":[{"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/media?parent=397256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/categories?post=397256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blocktempo.com\/wp-json\/wp\/v2\/tags?post=397256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}