{"id":3199,"date":"2026-01-21T09:36:29","date_gmt":"2026-01-21T01:36:29","guid":{"rendered":"http:\/\/www.jineng168.com\/?p=3199"},"modified":"2026-01-21T09:36:29","modified_gmt":"2026-01-21T01:36:29","slug":"2025-%e5%b9%b4-cex-%e5%8d%8e%e8%af%ad%e7%94%a8%e6%88%b7%e8%b0%83%e7%a0%94%e6%8a%a5%e5%91%8a%ef%bc%9a%e8%bf%91-80-%e5%8f%97%e8%ae%bf%e8%80%85%e5%a2%9e%e5%8a%a0%e8%b5%84%e9%87%91%e6%8a%95%e5%85%a5","status":"publish","type":"post","link":"http:\/\/www.jineng168.com\/?p=3199","title":{"rendered":"2025 \u5e74 CEX \u534e\u8bed\u7528\u6237\u8c03\u7814\u62a5\u544a\uff1a\u8fd1 80% \u53d7\u8bbf\u8005\u589e\u52a0\u8d44\u91d1\u6295\u5165\uff0c74% \u53d7\u8bbf\u8005\u5e0c\u671b\u4e0a\u5e01\u6d41\u7a0b\u900f\u660e"},"content":{"rendered":"<h1 class=\"art_tit\">2025 \u5e74 CEX \u534e\u8bed\u7528\u6237\u8c03\u7814\u62a5\u544a\uff1a\u8fd1 80% \u53d7\u8bbf\u8005\u589e\u52a0\u8d44\u91d1\u6295\u5165\uff0c74% \u53d7\u8bbf\u8005\u5e0c\u671b\u4e0a\u5e01\u6d41\u7a0b\u900f\u660e<\/h1>\n<div class=\"content_text\">\n<p><span><em>\u6765\u6e90\uff1aChainCatcher\u3001RootData<\/em><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08CEX\uff09\u6b63\u9762\u4e34\u524d\u6240\u672a\u6709\u7684\u884c\u4e1a\u53d8\u5c40\u3002\u4e00\u65b9\u9762\uff0c\u884c\u4e1a\u5185\u90e8\u9762\u4e34\u591a\u91cd\u6311\u6218\uff0c\u5982\u4e0a\u5e01\u6548\u5e94\u51cf\u5f31\u3001\u5b89\u5168\u4e8b\u4ef6\u9891\u53d1\u3001\u4fe1\u4efb\u5371\u673a\u52a0\u5267\u548c\u94fe\u4e0a\u7ade\u4e89\u7b49\u95ee\u9898\uff1b\u53e6\u4e00\u65b9\u9762\uff0cHyperliquid\u7b49DEX\u51ed\u501f\u6280\u672f\u521b\u65b0\u6301\u7eed\u8695\u98df\u5e02\u573a\u4efd\u989d\u3002\u5728\u8fd9\u4e00\u5173\u952e\u8f6c\u6298\u70b9\uff0c\u534e\u8bed\u7528\u6237\u4f5c\u4e3aCEX\u6838\u5fc3\u5ba2\u7fa4\uff0c\u5176\u884c\u4e3a\u504f\u597d\u5c06\u76f4\u63a5\u5f71\u54cd\u884c\u4e1a\u683c\u5c40\u6f14\u53d8\u3002<\/p>\n<p>ChainCatcher\u8054\u5408RootData\u8fd1\u65e5\u53d1\u8d77\u4e86\u300c2025\u5e74\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u534e\u8bed\u7528\u6237\u8c03\u7814\u300d\uff0c\u572810\u591a\u5929\u5185\u6536\u96c6\u5230\u4e86715\u4efd\u6709\u6548\u95ee\u5377\uff0c\u672c\u62a5\u544a\u5c06\u89e3\u6790\u8fd9\u4e9b\u8d8b\u52bf\u80cc\u540e\u7684\u7528\u6237\u8bc9\u6c42\uff0c\u4e3a\u884c\u4e1a\u53c2\u4e0e\u8005\u63d0\u4f9b\u51b3\u7b56\u53c2\u8003\u3002\uff08\u53ef\u70b9\u51fb\u6b64\u94fe\u63a5\u4e0b\u8f7dPDF\u7248\u672c\uff09<\/p>\n<p><img \/><\/p>\n<p><strong><b>\u6838\u5fc3\u6570\u636e\u8981\u70b9\uff1a<\/b><\/strong><\/p>\n<ul>\n<li>Binance\u548cOKX\u662f\u53d7\u8bbf\u8005\u4f7f\u7528\u9891\u7387\u6700\u9ad8\u3001\u6258\u7ba1\u8d44\u91d1\u6700\u591a\u7684CEX\uff0c\u4f46\u4e5f\u662f\u8fd1\u4e00\u5e74\u7528\u6237\u51cf\u5c11\u4f7f\u7528\u7387\u6700\u9ad8\u7684\u5e73\u53f0\u3002<\/li>\n<li>\u201c\u79ef\u6781\u4e0a\u5e02\u4f18\u8d28\u8d44\u4ea7\u201d\u662f\u53d7\u8bbf\u8005\u6700\u559c\u6b22\u7684\u4e0a\u5e01\u98ce\u683c\uff0c\u4f46\u540c\u65f6\u4e5f\u6709\u5c11\u6570\u53d7\u8bbf\u8005\u5bf9\u4e8e\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u673a\u5236\u5931\u53bb\u4e86\u4fe1\u5fc3\u3002<\/li>\n<li>CEX Web3\u94b1\u5305\u5e02\u573a\u5448\u73b0\u6781\u9ad8\u96c6\u4e2d\u5ea6\uff0c\u8fd1\u4e5d\u6210\u53d7\u8bbf\u8005\u5c06Web3\u94b1\u5305\u670d\u52a1\u9501\u5b9a\u4e8eBinance\u548cOKX\u3002\u5176\u4e2dBinance\u4ee556.5%\u7684\u4f7f\u7528\u7387\u5360\u636e\u9886\u5148\u5730\u4f4d\uff0cOKX\u4ee533.1%\u7684\u5360\u6bd4\u4f4d\u4e8e\u7b2c\u4e8c\u3002<\/li>\n<li>\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u51fa\u5165\u91d1\u95ee\u9898\u6700\u7a81\u51fa\uff0c\u4e0a\u5e01\u673a\u5236\u906d\u8d28\u7591\u300259.3%\u53d7\u8bbf\u8005\u906d\u9047\u51fa\u5165\u91d1\u95ee\u9898\uff0c63.9%\u56e0\u4e0a\u5e01\u95ee\u9898\uff08\u7834\u53d1\u3001\u5185\u5e55\u4ea4\u6613\uff09\u5f03\u7528\u4ea4\u6613\u6240\uff1b74%\u7684\u53d7\u8bbf\u8005\u8981\u6c42\u4e0a\u5e01\u6d41\u7a0b\u900f\u660e\u3002<\/li>\n<li>\u5927\u90e8\u5206\u53d7\u8bbf\u8005\u8fd1\u4e00\u5e74\u4f7f\u7528\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u9891\u6b21\u3001\u6295\u5165\u8d44\u91d1\u91d1\u989d\u90fd\u5728\u589e\u52a0\uff0c\u4e14\u6574\u4f53\u76c8\u5229\u9762\u663e\u8457\u6269\u5927\u3002\u7ea654.4%\u7684\u53d7\u8bbf\u8005\u8868\u793a\u672c\u5468\u671f\u5728CEX\u6295\u8d44\u4ea4\u6613\u4e2d\u76c8\u5229\u8d85\u8fc7\u4e0a\u4e00\u4e2a\u5468\u671f\uff0c\u4ec58.7%\u7684\u53d7\u8bbf\u8005\u4e8f\u635f\u5e45\u5ea6\u6269\u5927\u3002<\/li>\n<li>69.5%\u7684\u53d7\u8bbf\u8005\u8003\u8651\u8f6c\u5411DEX\u7b49\u53bb\u4e2d\u5fc3\u5316\u65b9\u6848\uff0c63.9%\u7684\u53d7\u8bbf\u8005\u8ba4\u4e3aDEX\u5c06\u5b8c\u5168\u53d6\u4ee3CEX\u3002\u4f4677.4%\u7528\u6237\u4ecd\u5728CEX\u589e\u52a0\u8d44\u4ea7\u914d\u7f6e\uff0c\u53cd\u6620\u77ed\u671f\u4f9d\u8d56\u96be\u6539\u53d8\u3002<\/li>\n<\/ul>\n<h3><strong><b>\u4e00\u3001\u8c03\u7814\u4eba\u7fa4\u6982\u51b5<\/b><\/strong><\/h3>\n<p><strong><b>\u53d7\u8bbf\u8005\u5927\u90e8\u5206\u4e3a\u52a0\u5bc6\u9886\u57df\u4ece\u4e1a\u8005\uff1a<\/b><\/strong>\u51e0\u4e4e3\/4\u7684\u53d7\u8bbf\u8005\u662f\u52a0\u5bc6\u9886\u57df\u4ece\u4e1a\u8005\uff0c1\/4\u7684\u53d7\u8bbf\u8005\u4e3a\u975e\u52a0\u5bc6\u4ece\u4e1a\u8005\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>\u53d7\u8bbf\u8005\u4e3b\u8981\u662f\u52a0\u5bc6\u6295\u8d44\u65b0\u624b\u548c\u6709\u4e00\u5b9a\u7ecf\u9a8c\u7684\u6295\u8d44\u8005\uff1a<\/b><\/strong>\u6295\u8d44\u7ecf\u9a8c\u4e0d\u8db31\u5e74\u7684\u65b0\u624b\u5360\u6bd4\u8fbe\u5230\u4e8648.7%\uff1b\u67091-3\u5e74\u6295\u8d44\u7ecf\u9a8c\u4ee5\u53ca3\u5e74\u4ee5\u4e0a\u7684\u8d44\u6df1\u7528\u6237\u5219\u5206\u522b\u5360\u6bd4\u8fbe\u5230\u4e8625.6%\u300125.7%\u3002<\/p>\n<p><img \/><\/p>\n<p><strong>\u53d7\u8bbf\u8005\u5bf9\u52a0\u5bc6\u6295\u8d44\u4fdd\u6301\u8f83\u4e3a\u8c28\u614e\u6001\u5ea6\u3002<\/strong>\u6bcf\u6708\u52a0\u5bc6\u6295\u8d44\u5360\u6536\u5165\u6bd4\u5c0f\u4e8e10%\u7684\u53d7\u8bbf\u8005\u8fd1\u4e00\u534a\uff1b\u5360\u6bd410%-30%\u7684\u53d7\u8bbf\u8005\u4e3a24.2%\uff1b\u5360\u6bd430%-50%\u7684\u53d7\u8bbf\u8005\u4e3a14.7%\uff1b\u4ecd\u670913.3%\u7684\u53d7\u8bbf\u8005\u8f83\u4e3a\u6fc0\u8fdb\uff0c\u5c06\u6708\u6536\u5165\u7684\u4e00\u534a\u53ca\u4ee5\u4e0a\u8d44\u91d1\u7528\u4e8e\u6295\u8d44\u52a0\u5bc6\u8d27\u5e01\u3002<\/p>\n<p><img \/><\/p>\n<h3><strong><b>CEX \u534e\u8bed\u7528\u6237\u4f7f\u7528\u504f\u597d<\/b><\/strong><\/h3>\n<p><strong><b>\u00a01\u3001<\/b><\/strong><strong><b>\u9ad8\u9891\u4f7f\u7528\u7684CEX<\/b><\/strong><\/p>\n<p>\u672c\u6b21\u95ee\u5377\u8c03\u7814\u8ba9\u53d7\u8bbf\u8005\u6700\u591a\u9009\u62e93\u4e2a\u8fd1\u4e00\u5e74\u9891\u7e41\u4f7f\u7528\u7684\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u3002<\/p>\n<p>\u7ed3\u679c\u663e\u793a\uff0c<strong>Binance\u3001OKX\u3001Bitget\u4e3a\u662f\u53d7\u8bbf\u8005\u4f7f\u7528\u6700\u9891\u7e41\u7684\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u524d\u4e09\u540d<\/strong>\u3002<\/p>\n<p>Binance\u88ab85.6%\u7684\u53d7\u8bbf\u8005\u9009\u62e9\uff0c\u8fdc\u8d85\u5176\u4ed6\u5e73\u53f0\uff0c\u8f83\u7b2c\u4e8c\u540d\u7684OKX\uff0843.4%\uff09\u9ad8\u51fa\u8fd1\u4e00\u500d\uff0c\u53cd\u6620\u7528\u6237\u9009\u62e9\u660e\u663e\u5411\u5934\u90e8\u5e73\u53f0\u805a\u96c6\uff0c\u9a6c\u592a\u6548\u5e94\u52a0\u5267\u3002<\/p>\n<p>Bitget\uff0825.9%\uff09\u548cBybit\uff0820%\uff09\u5219\u7ec4\u6210\u7b2c\u4e09\u9635\u8425\uff0c\u4e00\u5b9a\u7a0b\u5ea6\u8bf4\u660e\u4e86\u7b2c\u4e8c\u68af\u961f\u7ade\u4e89\u6fc0\u70c8\uff0c\u683c\u5c40\u96be\u5b9a\u3002<\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>2\u3001\u5b58\u50a8\u6700\u5927\u52a0\u5bc6\u8d44\u4ea7\u4ed3\u4f4d\u7684<\/b><\/strong><strong><b>CEX<\/b><\/strong><\/p>\n<p>\u9664\u4f7f\u7528\u9891\u6b21\u5916\uff0c\u53d7\u8bbf\u8005\u7684\u6700\u5927\u52a0\u5bc6\u8d44\u4ea7\u4ed3\u4f4d\u5b58\u653e\u4f4d\u7f6e\uff0c\u540c\u6837\u8bf4\u660e\u4e86\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u53d7\u7528\u6237\u4fe1\u4efb\u7684\u60c5\u51b5\u3002<\/p>\n<p>\u4ece\u8c03\u7814\u7ed3\u679c\u6765\u770b\uff0c<strong>Binance\u4ecd\u7136\u4e3a\u6700\u591a\u53d7\u8bbf\u8005\u9009\u62e9\u7684\u5b58\u50a8\u6700\u5927\u52a0\u5bc6\u8d44\u4ea7\u4ed3\u4f4d\u7684\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240<\/strong>\uff0c\u6709\u8d85\u8fc760%\u7684\u53d7\u8bbf\u8005\u9009\u62e9\u5c06\u6700\u591a\u7684\u52a0\u5bc6\u8d44\u4ea7\u5b58\u653e\u5728Binance\u3002<\/p>\n<p><strong>\u670918.5%\u7684\u53d7\u8bbf\u8005\u5c06\u6700\u5927\u52a0\u5bc6\u8d44\u4ea7\u4ed3\u4f4d\u653e\u5728OKX<\/strong>\uff0c\u663e\u8457\u4f4e\u4e8e43.4%\u7684\u4f7f\u7528\u9891\u7387\u3002\u53ef\u80fd\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u8bf4\u660e\uff0c\u7528\u6237\u503e\u5411\u5c06\u5176\u4f5c\u4e3a\\&#8221;\u4ea4\u6613\u901a\u9053\\&#8221;\u800c\u975e\\&#8221;\u8d44\u4ea7\u4ed3\u5e93\\&#8221;\u3002<\/p>\n<p><strong>\u9664\u4e86Binance \u548cOKX \u4e4b\u5916\uff0c\u5176\u4ed6\u4ea4\u6613\u6240\u7684\u5e02\u573a\u4efd\u989d\u975e\u5e38\u5206\u6563\u4e14\u5360\u6bd4\u8f83\u4f4e<\/strong>\u3002Bitget \u548c Bybit \u4f5c\u4e3a\u6392\u540d\u7b2c\u4e09\u3001\u7b2c\u56db\u7684\u4ea4\u6613\u6240\uff0c\u5206\u522b\u53ea\u6709 4.8%\u7684\u53d7\u8bbf\u8005\u9009\u62e9\u5c06\u5176\u4f5c\u4e3a\u653e\u7f6e\u6700\u5927\u52a0\u5bc6\u8d44\u4ea7\u4ed3\u4f4d\u7684 CEX\u3002<\/p>\n<p>\u8fd9\u53cd\u6620\u51fa\u5728\u52a0\u5bc6\u8d44\u4ea7\u5b58\u50a8\u5e02\u573a\u4e2d\uff0cBinance \u548c OKX \u5df2\u7ecf\u5360\u636e\u4e86\u7edd\u5927\u90e8\u5206\u5e02\u573a\u4efd\u989d\uff0c\u5176\u4ed6\u4ea4\u6613\u6240\u60f3\u8981\u7a81\u7834\u5e76\u5438\u5f15\u66f4\u591a\u7528\u6237\u5b58\u50a8\u8d44\u4ea7\u9762\u4e34\u4e0d\u5c0f\u6311\u6218\u3002<strong><b>\u00a0<\/b><\/strong><\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>3\u3001\u4e0a\u5e01\u98ce\u683c\u504f\u597d<\/b><\/strong><\/p>\n<p>\u8fd9\u8f6e\u5468\u671f\u4e0b\uff0c\u56e0\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u6548\u5e94\u51cf\u5f31\uff0c\u4ea4\u6613\u6240\u91c7\u53d6\u4ec0\u4e48\u6837\u7684\u4e0a\u5e01\u98ce\u683c\u4e5f\u662f\u5e02\u573a\u5e38\u8ba8\u8bba\u7684\u7126\u70b9\u3002<\/p>\n<p>\u4ece\u8c03\u7814\u7ed3\u679c\u6765\u770b\uff0c<strong>59.2%\u7684\u53d7\u8bbf\u8005\u559c\u6b22\u79ef\u6781\u4e0a\u5e02\u4f18\u8d28\u65b0\u5e01\u7684\u4e0a\u5e01\u98ce\u683c\u3002<\/strong>\u8fd9\u53cd\u6620\u4e86\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4ecd\u5904\u4e8e\u521b\u65b0\u9a71\u52a8\u9636\u6bb5\uff0c\u7528\u6237\u5bf9\u65b0\u5174\u8d44\u4ea7\u4ecd\u6709\u8f83\u9ad8\u671f\u5f85\u3002<\/p>\n<p><strong>15.2%\u7684\u53d7\u8bbf\u8005\u5219\u559c\u6b22\u66f4\u4e3a\u514b\u5236\u7684\u4e0a\u5e01\u98ce\u683c\uff1a<\/strong>\u5e0c\u671b\u505a\u5230\u5c11\u800c\u7cbe\uff0c\u6709\u6240\u7b5b\u9009\u7684\u4e0a\u5c11\u6570\u4f18\u8d28\u8d44\u4ea7\u3002\u8fd9\u53cd\u6620\u4e86\u90e8\u5206\u7528\u6237\u6ce8\u91cd\u957f\u671f\u4ef7\u503c\u6295\u8d44\u3002<\/p>\n<p>12.4%\u7684\u53d7\u8bbf\u8005\u5219\u559c\u6b22\u79ef\u6781\u4e0a\u5e02\u793e\u533a\u70ed\u95e8\u5e01\u79cd\u7684\u4e0a\u5e01\u98ce\u683c\u3002\u8fd9\u8f6e\u5468\u671f\uff0cmeme\u5e01\u7684\u706b\u7206\u518d\u6b21\u9a8c\u8bc1\u4e86\u793e\u533a\u60c5\u7eea\u7684\u529b\u91cf\uff0c\u793e\u533a\u7684\u70ed\u5ea6\u4e5f\u662f\u7528\u6237\u548c\u4ea4\u6613\u6240\u5fc5\u987b\u53c2\u8003\u7684\u65b9\u5411\u3002<\/p>\n<p><strong>\u6b64\u5916\u8fd8\u670910.2%\u7684\u53d7\u8bbf\u8005\u5bf9\u4e8e\u4e0a\u5e01\u98ce\u683c\u5e76\u4e0d\u592a\u5173\u5fc3\uff0c\u66f4\u5728\u610f\u7684\u662f\u8d5a\u94b1\u6548\u5e94<\/strong>\uff1b<strong>\u8fd8\u67092.9%\u7684\u53d7\u8bbf\u8005\u5bf9\u4e8e\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u5931\u53bb\u4e86\u4fe1\u5fc3<\/strong>\u3002\u8fd9\u53cd\u6620\u4e86\u8fc7\u5f80\u4ea4\u6613\u6240\u4e0a\u5e01\u7834\u53d1\u7387\u9ad8\u3001\u5185\u5e55\u4ea4\u6613\u4e11\u95fb\u7b49\u95ee\u9898\uff0c\u786e\u5b9e\u8ba9\u90e8\u5206\u7528\u6237\u53d7\u5230\u56f0\u6270\u3002<\/p>\n<p>\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6216\u9700\u8981\u5728\u52a8\u6001\u5e73\u8861\u4e2d\u5bfb\u627e\u5b9a\u4f4d\u2014\u2014\u65e2\u8981\u6ee1\u8db3\u591a\u6570\u7528\u6237\u5bf9\u201c\u65b0\u8d44\u4ea7\u201d\u7684\u6e34\u6c42\uff0c\u53c8\u8981\u901a\u8fc7\u7b5b\u9009\u673a\u5236\u5efa\u7acb\u4fe1\u4efb\uff0c\u540c\u65f6\u7075\u6d3b\u54cd\u5e94\u793e\u533a\u6587\u5316\u7684\u53d8\u5316\u3002<\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>4\u3001CEX\u4e0a\u5e01\u7b56\u7565\u53ca\u6d41\u7a0b\u6ee1\u610f\u5ea6\u60c5\u51b5<\/b><\/strong><\/p>\n<p><strong>Binance\u4ee536.4%\u7684\u5360\u6bd4\u4ecd\u5c45\u7b2c\u4e00\uff0c\u4f46\u9886\u5148\u4f18\u52bf\u7f29\u5c0f\u3002<\/strong>Binance\u5728\u672c\u8f6e\u5468\u671f\u591a\u6b21\u56e0\u4e0a\u5e01\u95ee\u9898\uff08\u5982\u5185\u5e55\u4ea4\u6613\u8d28\u7591\u3001\u90e8\u5206\u65b0\u5e01\u9ad8\u7834\u53d1\u7387\uff09\u5f15\u53d1\u4e89\u8bae\uff0c\u4f46\u5176\u5728\u9879\u76ee\u7b5b\u9009\u80fd\u529b\u3001\u6d41\u52a8\u6027\u548c\u5168\u7403\u8d44\u6e90\u65b9\u9762\u4ecd\u5177\u4f18\u52bf\uff0c\u4f7f\u5176\u6210\u4e3a\u53d7\u8bbf\u8005\u6700\u6ee1\u610f\u7684\u4ea4\u6613\u6240\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u76f8\u8f83\u4e8e\u5176\u5728\u9ad8\u9891\u4f7f\u7528\u7387\u3001\u8d44\u4ea7\u6258\u7ba1\u7b49\u7ef4\u5ea6\u7684\u7edf\u6cbb\u7ea7\u8868\u73b0\uff0c\u7528\u6237\u5bf9\u5176\u4e0a\u5e01\u7b56\u7565\u7684\u6ee1\u610f\u5ea6\u4ecd\u6709\u660e\u663e\u5dee\u8ddd\uff0c\u8bf4\u660e\u5ba1\u6838\u900f\u660e\u5ea6\u3001\u9879\u76ee\u8d28\u91cf\u628a\u63a7\u7b49\u73af\u8282\u4e9f\u5f85\u4f18\u5316\u3002<\/p>\n<p><strong>KuCoin\u5219\u4ee526.2%\u7684\u5360\u6bd4\u7d27\u968fBinance\u4e4b\u540e\uff0c\u6210\u4e3a\u4e0a\u5e01\u7b56\u7565\u53ca\u6d41\u7a0b\u6ee1\u610f\u5ea6\u6392\u540d\u7b2c\u4e8c\u7684\u5e73\u53f0\u3002<\/strong>\u6839\u636e<span>Klein Labs<\/span>\u62a5\u544a\u7edf\u8ba1\uff0c2024\u5e74KuCoin\u5168\u5e74\u4e0a\u5e01\u6570\u91cf\u8fbe297\u4e2a\uff0c\u8fdc\u9ad8\u4e8eBinance\uff0860\u4e2a\uff09\u548cOKX\uff0864\u4e2a\uff09\uff0c\u4f46\u663e\u8457\u4f4e\u4e8e\u4e0a\u5e01\u6700\u6fc0\u8fdb\u7684Gate.io\uff08629\u4e2a\uff09\u3002\u8fd9\u79cd\\&#8221;\u9002\u5ea6\u79ef\u6781\\&#8221;\u7684\u4e0a\u5e01\u7b56\u7565\u4ee5\u53ca\u793e\u533a\u6295\u7968\u4e0a\u5e01\u673a\u5236\uff0c\u5438\u5f15\u4e86\u90e8\u5206\u6ce8\u91cd\u53c2\u4e0e\u611f\u7684\u6295\u8d44\u8005\u7fa4\u4f53\u3002OKX\u5219\u4ee514.4%\u7684\u5360\u6bd4\u6392\u5728\u7b2c\u4e09\u4f4d\u3002<\/p>\n<p>\u6574\u4f53\u6765\u770b\uff0c\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4ecd\u9762\u4e34\u4e0a\u5e01\u6311\u6218\u3002<strong>\u8d85\u8fc75%\u7684\u7528\u6237\u5bf9\u6240\u6709\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u7b56\u7565\u53ca\u6d41\u7a0b\u8868\u793a\u4e0d\u6ee1\uff0c\u591a\u4f4d\u7528\u6237\u7559\u8a00\u6279\u8bc4\u4ea4\u6613\u6240\u4e0a\u5e01\u540e\u7838\u76d8\u73b0\u8c61\u3002<\/strong><\/p>\n<p><img \/><\/p>\n<p><strong><b>5\u3001CEX Web3\u94b1\u5305\u670d\u52a1\u7684\u53d7\u6b22\u8fce\u60c5\u51b5<\/b><\/strong><\/p>\n<p>\u6839\u636e\u8c03\u7814\u6570\u636e\u663e\u793a\uff0c\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u63d0\u4f9b\u7684Web3\u94b1\u5305\u670d\u52a1\u4e2d\uff0c<strong>Binance\u4ee556.5%\u7684\u4f7f\u7528\u7387\u5360\u636e\u9886\u5148\u5730\u4f4d<\/strong>\uff0c\u5176\u9886\u5148\u4f18\u52bf\u53ef\u80fd\u4e3b\u8981\u5f97\u76ca\u4e8eBinance Alpha\u8ba1\u5212\u7684\u6301\u7eed\u5bfc\u6d41\u3002<\/p>\n<p><strong>OKX\u4ee533.1%\u7684\u5360\u6bd4\u4f4d\u4e8e\u7b2c<\/strong>\u4e8c\uff0c\u5728Web3\u94b1\u5305\u5177\u6709\u5148\u53d1\u4f18\u52bf\u7684OKX\u6216\u53d7\u5230\u6682\u505c\u670d\u52a1\u53caBinance Alpha\u7684\u51b2\u51fb\u5f71\u54cd\u3002<\/p>\n<p>\u6574\u4f53\u6765\u770b\uff0cBinance\u548cOKX\u5408\u8ba1\u88ab90%\u7684\u53d7\u8bbf\u8005\u9009\u62e9\uff0c\u5f62\u6210\u660e\u663e\u7684\u53cc\u5be1\u5934\u683c\u5c40\uff0c\u800c\u5176\u4ed6\u4ea4\u6613\u6240\u7684Web3\u94b1\u5305\u4f7f\u7528\u7387\u5747\u4e0d\u8db33%\u3002\u6b64\u5916\uff0c\u4ecd\u67092%\u7684\u53d7\u8bbf\u8005\u8868\u793a\u5b8c\u5168\u4e0d\u4f7f\u7528\u4efb\u4f55\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684Web3\u94b1\u5305\u3002\uff08\u5907\u6ce8\uff1a\u8c03\u7814\u7ed3\u675f\u540e\uff0cBybit\u5ba3\u5e03\u5173\u95ed\u5927\u90e8\u5206Web3\u94b1\u5305\u670d\u52a1\uff09<\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>6\u3001\u9009\u62e9\u67d0\u5bb6CEX\u7684\u6838\u5fc3\u56e0\u7d20<\/b><\/strong><\/p>\n<p>\u53d7\u8bbf\u8005\u5728\u6311\u9009\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u6700\u770b\u91cd\u4ec0\u4e48\u54ea\u4e9b\u56e0\u7d20\uff1f\u672c\u6b21\u95ee\u5377\u4e5f\u8fdb\u884c\u4e86\u8be6\u7ec6\u7684\u8c03\u67e5\u3002<\/p>\n<p>\u4ece\u8c03\u7814\u7ed3\u679c\u6765\u770b\uff0c\u54c1\u724c\u6548\u5e94\u5360\u636e\u7edd\u5bf9\u4e3b\u5bfc\u3002<strong>69.5%\u7684\u53d7\u8bbf\u8005\u5c06\u201c\u54c1\u724c\u77e5\u540d\u5ea6\u201d\u5217\u4e3a\u9996\u8981\u8003\u91cf<\/strong>\uff0c\u53cd\u6620\u51fa\u884c\u4e1a\u9a6c\u592a\u6548\u5e94\u52a0\u5267\uff0c\u5934\u90e8\u4ea4\u6613\u6240\u51ed\u501f\u5148\u53d1\u4f18\u52bf\u548c\u89c4\u6a21\u6548\u5e94\u5f62\u6210\u8ba4\u77e5\u58c1\u5792\u3002<\/p>\n<p>\u800c<strong>48.8%\u7528\u6237\u5f3a\u8c03\u201c\u5b89\u5168\u6027\u201d\uff0c37.8%\u6ce8\u91cd\u201c\u6d41\u52a8\u6027\u201d\uff0c<\/strong>\u8fd9\u4e24\u5927\u521a\u9700\u6307\u6807\u5171\u540c\u6784\u6210\u4e86\u4ea4\u6613\u6240\u7684\u751f\u5b58\u5e95\u7ebf\u3002<\/p>\n<p><strong>26.3%\u7528\u6237\u5173\u6ce8\u201c\u4ea7\u54c1\u529f\u80fd\u4e30\u5bcc\u5ea6\u201d<\/strong>\uff0c\u4f53\u73b0\u6210\u719f\u6295\u8d44\u8005\u5bf9\u884d\u751f\u54c1\u3001\u7406\u8d22\u7b49\u7efc\u5408\u670d\u52a1\u7684\u9700\u6c42\u3002<\/p>\n<p><strong>19.3%\u504f\u597d\u201c\u4e0a\u65b0\u5e01\u901f\u5ea6\u201d<\/strong>\uff0c\u53cd\u6620\u4e00\u7ea7\u5e02\u573a\u53c2\u4e0e\u9700\u6c42\u3002\u800c<strong>17.6%\u7684\u7528\u6237\u5c06\u201c\u96c6\u6210Web3\u94b1\u5305\u201d\u7eb3\u5165\u8003\u91cf<\/strong>\uff0c\u8fd9\u4e00\u76f8\u5bf9\u65b0\u5174\u7684\u9009\u9879\u5df2\u8d85\u8d8a\u90e8\u5206\u4f20\u7edf\u6307\u6807\uff0c\u9884\u793a\u7740CEX\u4e0eDeFi\u7684\u878d\u5408\u6b63\u5728\u91cd\u5851\u884c\u4e1a\u6807\u51c6\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u5728\u53d7\u8bbf\u8005\u7684\u7559\u8a00\u4e2d\u53ef\u4ee5\u770b\u5230\uff0c\u662f\u5426\u6709\u8f83\u591a\u7684\u7a7a\u6295\u7b49\u798f\u5229\u6d3b\u52a8\u3001\u5e73\u53f0\u5e01\u7684\u8d4b\u80fd\u4ee5\u53caU\u5361\u7684\u4f7f\u7528\u4f53\u9a8c\uff0c\u4e5f\u662f\u53d7\u8bbf\u8005\u9009\u62e9\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u53c2\u8003\u9009\u9879\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>7\u3001<\/b><\/strong><strong><b>CEX \u7528\u6237\u75db\u70b9\u5206\u6790<\/b><\/strong><\/p>\n<p><strong><b>\u51fa\u5165\u91d1\u95ee\u9898\u6210\u4e3a\u6700\u5927\u75db\u70b9<\/b><\/strong>\u300259.3%\u7684\u7528\u6237\u906d\u9047\u8fc7\u51fa\u5165\u91d1\u95ee\u9898\uff0c\u8fdc\u9ad8\u4e8e\u5176\u4ed6\u95ee\u9898\u7c7b\u578b\uff0c\u53cd\u6620\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u751f\u6001\u7684\u8854\u63a5\u4ecd\u5b58\u5728\u7cfb\u7edf\u6027\u969c\u788d\u3002<\/p>\n<p><strong>\u8fd0\u8425\u4e0e\u670d\u52a1\u95ee\u9898\u4e5f\u96c6\u4e2d\u663e\u73b0\u3002<\/strong>\u63d0\u73b0\u5ef6\u8fdf\/\u51bb\u7ed3\uff0820.8%\uff09\u548c\u5ba2\u670d\u54cd\u5e94\u6162\uff0821.8%\uff09\u5408\u8ba1\u5f71\u54cd\u8d8540%\u7528\u6237\uff0c\u66b4\u9732\u51fa\u90e8\u5206\u4ea4\u6613\u6240\u5728\u8d44\u91d1\u5904\u7406\u6548\u7387\u548c\u5ba2\u6237\u670d\u52a1\u4f53\u7cfb\u7684\u4e0d\u8db3\u3002<\/p>\n<p><strong>22.8%\u7684\u7528\u6237\u53d7\u653f\u7b56\u9650\u5236\u5f71\u54cd<\/strong>\uff08\u5982\u5730\u533a\u5c4f\u853d\u3001KYC\u5347\u7ea7\u7b49\uff09\uff0c\u653f\u7b56\u5408\u89c4\u6311\u6218\u65e5\u76ca\u663e\u8457\u3002<\/p>\n<p>\u6b64\u5916\u8fd8\u6709<strong>21.3%\u7684\u53d7\u8bbf\u8005\u8ba4\u4e3a\u754c\u9762\u64cd\u4f5c\u590d\u6742<\/strong>\uff0c\u8fd9\u4e5f\u53cd\u6620\u4e86\u5f53\u524d\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u5728\u7528\u6237\u4f53\u9a8c\u8bbe\u8ba1\u4e0a\u4ecd\u5b58\u5728\u8f83\u5927\u6539\u8fdb\u7a7a\u95f4\u3002<\/p>\n<p><img \/><\/p>\n<h3><strong><b>\u4e09\u3001\u8fd1\u4e00\u5e74<\/b><\/strong><strong><b>CEX<\/b><\/strong><strong><b>\u534e\u8bed\u7528\u6237\u4f7f\u7528\u8d8b\u52bf\u53d8\u5316<\/b><\/strong><\/h3>\n<p><strong><b>1\u3001<\/b><\/strong><strong><b>\u4f7f\u7528\u9891\u6b21\u53d8\u5316<\/b><\/strong><\/p>\n<p>\u95ee\u5377\u8c03\u67e5\u4e86\u7528\u6237\u8fd1\u4e00\u5e74\u4f7f\u7528CEX\u7684\u9891\u6b21\u53d8\u5316\u3002<\/p>\n<p><strong>80.5%\u7684\u7528\u6237\uff0862.7%\u663e\u8457\u589e\u52a0\uff0c17.8%\u7565\u6709\u589e\u52a0\uff09\u8868\u793a\u8fc7\u53bb\u4e00\u5e74\u4f7f\u7528CEX\u7684\u9891\u7387\u4e0a\u5347<\/strong>\uff0c\u8868\u660eCEX\u5728\u534e\u8bed\u7528\u6237\u4e2d\u7684\u9ecf\u6027\u4f9d\u7136\u8f83\u5f3a\u3002\u8fd9\u53ef\u80fd\u4e0e\u5e02\u573a\u884c\u60c5\u6ce2\u52a8\u3001\u52a0\u5bc6\u8d44\u4ea7\u6295\u8d44\u70ed\u6f6e\u4ee5\u53ca\u5934\u90e8CEX\u4e0d\u65ad\u63a8\u51fa\u65b0\u529f\u80fd\uff08\u5982Web3\u94b1\u5305\u3001\u7406\u8d22\u4ea7\u54c1\u7b49\uff09\u6709\u5173\u3002<\/p>\n<p><strong>12.4%\u7684\u7528\u6237\u8868\u793a\u4f7f\u7528\u9891\u7387\u57fa\u672c\u4e0d\u53d8\uff0c<\/strong>\u53cd\u6620\u51fa\u90e8\u5206\u7528\u6237\u5df2\u5f62\u6210\u7a33\u5b9a\u7684\u4ea4\u6613\u4e60\u60ef\u3002\u800c\u4ec5\u67097.1%\u7684\u7528\u6237\uff08\u7565\u6709\u51cf\u5c114.6%\uff0c\u663e\u8457\u51cf\u5c112.5%\uff09\u51cf\u5c11\u4e86CEX\u4f7f\u7528\u9891\u7387\uff0c\u8fd9\u53ef\u80fd\u4e0e\u5b89\u5168\u4e8b\u4ef6\u6216DEX\u7684\u5438\u5f15\u529b\u589e\u5f3a\u6709\u5173\u3002<\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>2\u3001<\/b><\/strong><strong><b>\u8d44\u4ea7<\/b><\/strong><strong><b>\u6295\u5165<\/b><\/strong><strong><b>\u53d8\u5316<\/b><\/strong><\/p>\n<p>\u7ed3\u679c\u663e\u793a\uff0c<strong>77.4%\u7684\u7528\u6237\uff0858.7%\u663e\u8457\u589e\u52a0\uff0c18.7%\u7565\u6709\u589e\u52a0\uff09\u5728CEX\u589e\u52a0\u4e86\u52a0\u5bc6\u8d44\u4ea7\u914d\u7f6e<\/strong>\uff0c\u5176\u4e2d\uff0c\u8d85\u8fc7\u534a\u6570\u53d7\u8bbf\u8005\u5728\u8fc7\u53bb\u4e00\u5e74\u663e\u8457\u589e\u52a0\u8d44\u4ea7\u914d\u7f6e\uff0c\u4ec512%\u7684\u53d7\u8bbf\u8005\u51cf\u5c11\u8d44\u4ea7\u914d\u7f6e\uff089.1%\u7565\u6709\u51cf\u5c11\uff0c2.9%\u663e\u8457\u51cf\u5c11\uff09\u3002<\/p>\n<p>\u6574\u4f53\u53cd\u6620\u4e86\u968f\u7740\u6bd4\u7279\u5e01\u6301\u7eed\u65b0\u9ad8\uff0c\u52a0\u5bc6\u5e02\u573a\u884c\u60c5\u56de\u6696\uff0c\u7528\u6237\u5bf9\u4e8e\u52a0\u5bc6\u8d44\u4ea7\u7684\u6295\u8d44\u9700\u6c42\u4e5f\u5728\u589e\u52a0\uff0c\u800cCEX\u4ecd\u7136\u662f\u7528\u6237\u4eec\u6700\u91cd\u8981\u7684\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u4ea4\u6613\u5165\u53e3\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>3\u3001\u8d44\u4ea7\u589e\u503c\u8d8b\u52bf<\/b><\/strong><\/p>\n<p>\u6211\u4eec\u5728\u95ee\u5377\u8be2\u95ee\u4e86\u53d7\u8bbf\u8005\uff0c\u201c\u76f8\u6bd4\u4e0a\u4e00\u4e2a\u5468\u671f\uff082022\u5e74\u521d\uff5e2023\u5e74\u5e95\uff09\uff0c\u8fd9\u4e2a\u5468\u671f\uff082024\u5e74\u521d\u81f3\u4eca\uff09\u5728\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u8d5a\/\u4e8f\u7684\u66f4\u591a\u8fd8\u662f\u66f4\u5c11\uff1f\u201d<\/p>\n<p>\u7ed3\u679c\u663e\u793a\uff0c\u6574\u4f53\u76c8\u5229\u9762\u663e\u8457\u6269\u5927\uff0c<strong>\u7ea654.4%\u7684\u7528\u6237\u8868\u793a\u672c\u5468\u671f\u5728CEX\u6295\u8d44\u4ea4\u6613\u4e2d\u76c8\u5229\u8d85\u8fc7\u4e0a\u4e2a\u5468\u671f\uff0c\u4ec58.7%\u7684\u7528\u6237\u4e8f\u635f\u5e45\u5ea6\u6269\u5927\u3002<\/strong><\/p>\n<p><strong><b><img \/><\/b><\/strong><\/p>\n<p><strong><b>4\u3001\u663e\u8457\u51cf\u5c11\u4f7f\u7528\u7684CEX\u53ca\u539f\u56e0\u5206\u6790<\/b><\/strong><\/p>\n<p>Binance\u4ee551.9%\u7684\u5360\u6bd4\u6210\u4e3a\u53d7\u8bbf\u8005\u51cf\u5c11\u4f7f\u7528\u6700\u591a\u7684\u4ea4\u6613\u6240\uff0c\u53ef\u80fd\u53d7\u4e0a\u5e01\u6548\u5e94\u51cf\u5f31\u3001\u76d1\u7ba1\u5408\u89c4\u7b49\u56e0\u7d20\u5f71\u54cd\uff0c\u800cOKX\u4ee526.6%\u7684\u5360\u6bd4\u7d27\u968f\u5176\u540e\u3002<\/p>\n<p>Binance\u3001OKX\u4f5c\u4e3a\u53d7\u8bbf\u8005\u6700\u9ad8\u9891\u4f7f\u7528\uff0c\u8d44\u4ea7\u6258\u7ba1\u91d1\u989d\u6700\u5927\u7684\u4ea4\u6613\u6240\uff0c\u4ecd\u7136\u53ef\u80fd\u9762\u4e34\u8f83\u5927\u7684\u7528\u6237\u6d41\u5931\u7387\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>5\u3001\u5f03\u7528\u67d0\u5bb6CEX\u7684\u539f\u56e0\u5206\u6790<\/b><\/strong><\/p>\n<p>\u8c03\u7814\u53d7\u8bbf\u8005\u5f03\u7528\u67d0\u5bb6\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u539f\u56e0\u663e\u793a\uff0c\u4e0a\u5e01\u673a\u5236\u5e26\u6765\u7684\u8d1f\u9762\u6700\u5927\u3002<\/p>\n<p><strong>63.9%\u7684\u7528\u6237\u56e0\u4e0a\u5e01\u95ee\u9898\u5f03\u7528CEX\uff0c\u5360\u6bd4\u6700\u9ad8<\/strong>\uff0c\u53cd\u6620\u51fa\u7528\u6237\u5bf9\u4e0a\u5e01\u673a\u5236\u7684\u4e0d\u6ee1\u5c24\u4e3a\u96c6\u4e2d\u3002\u9ad8\u989d\u4e0a\u5e01\u8d39\u53ef\u80fd\u589e\u52a0\u9879\u76ee\u65b9\u6210\u672c\uff0c\u95f4\u63a5\u63a8\u9ad8\u4ee3\u5e01\u4ef7\u683c\uff0c\u800c\u5e02\u573a\u64cd\u7eb5\u8d28\u7591\u5219\u8fdb\u4e00\u6b65\u52a8\u6447\u4e86\u7528\u6237\u5bf9\u5e73\u53f0\u516c\u5e73\u6027\u7684\u4fe1\u4efb\u3002\u6b64\u5916\uff0c15.4%\u7684\u7528\u6237\u8fd8\u4f1a\u56e0\u201c\u6ca1\u6709\u4e0a\u5e01\u6548\u5e94\u201d\u5f03\u7528CEX\uff0c\u8fd9\u8868\u660eCEX\u4e9f\u9700\u4f18\u5316\u4e0a\u5e01\u673a\u5236\u4ee5\u91cd\u5efa\u7528\u6237\u4fe1\u5fc3\u3002<\/p>\n<p><strong>38.7%\u7684\u7528\u6237\u56e0\u5e73\u53f0\u5b89\u5168\u4e8b\u4ef6\u5f03\u7528CEX\uff0c<\/strong>\u663e\u793a\u5b89\u5168\u95ee\u9898\u4ecd\u662f\u7528\u6237\u6700\u5173\u6ce8\u7684\u75db\u70b9\u4e4b\u4e00\u3002\u4eca\u5e74Bybit\u768415\u4ebf\u7f8e\u5143\u76d7\u7a83\u6848\u518d\u6b21\u4e3a\u52a0\u5bc6CEX\u7528\u6237\u53ca\u884c\u4e1a\u6572\u54cd\u4e86\u8b66\u949f\u3002<\/p>\n<p>\u800c<strong>25.6%\u7684\u7528\u6237\u56e0\u8425\u9500\u4f26\u7406\u4e89\u8bae\u5f03\u7528CEX<\/strong>\uff0c\u8868\u660e\u8fd9\u7c7b\u95ee\u9898\u4e0d\u4ec5\u635f\u5bb3\u5e73\u53f0\u58f0\u8a89\uff0c\u4e5f\u53ef\u80fd\u5f15\u53d1\u7528\u6237\u5bf9\u5e73\u53f0\u6574\u4f53\u8fd0\u8425\u8bda\u4fe1\u7684\u8d28\u7591\u3002<\/p>\n<p><strong>22.7%\u7684\u7528\u6237\u56e0\u4ee3\u5e01\u66b4\u8dcc\u5f15\u53d1\u7684\u6d41\u52a8\u6027\u5371\u673a\u5f03\u7528CEX<\/strong>\uff0c\u53cd\u6620\u51fa\u90e8\u5206\u5e73\u53f0\u5728\u5e02\u573a\u6ce2\u52a8\u4e0b\u7684\u6d41\u52a8\u6027\u7ba1\u7406\u80fd\u529b\u4e0d\u8db3\u3002<\/p>\n<p>\u800c<strong>11%\u7684\u7528\u6237\u56e0\u5408\u89c4\u95ee\u9898\u5f03\u7528CEX<\/strong>\uff0c\u663e\u793a\u90e8\u5206\u5e73\u53f0\u5728\u76d1\u7ba1\u5408\u89c4\u6027\u65b9\u9762\u5b58\u5728\u77ed\u677f\u3002\u968f\u7740\u5168\u7403\u52a0\u5bc6\u76d1\u7ba1\u8d8b\u4e25\uff0c\u7528\u6237\u4e5f\u62c5\u5fc3\u8d44\u4ea7\u5b89\u5168\u53d7\u5230\u5f71\u54cd\u3002CEX\u9700\u79ef\u6781\u9002\u5e94\u76d1\u7ba1\u8981\u6c42\uff0c\u63d0\u5347\u5408\u89c4\u6c34\u5e73\u4ee5\u964d\u4f4e\u7528\u6237\u987e\u8651\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>6\u3001\u51cf\u5c11\u5bf9<\/b><\/strong><strong><b>CEX<\/b><\/strong><strong><b>\u6574\u4f53\u4f7f\u7528\u7684\u6f5c\u5728\u56e0\u7d20\u5206\u6790<\/b><\/strong><\/p>\n<p>\u8c03\u7814\u53d7\u8bbf\u8005\u4f1a\u56e0\u54ea\u4e9b\u56e0\u7d20\u51cf\u5c11\u5bf9\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4f7f\u7528\uff0c\u7ed3\u679c\u663e\u793a\uff0c60%\u7684\u7528\u6237\u56e0\u5e02\u573a\u718a\u5e02\u51cf\u5c11CEX\u4f7f\u7528\uff0c\u5360\u6bd4\u6700\u9ad8\uff0c\u53cd\u6620\u51fa\u5b8f\u89c2\u5e02\u573a\u73af\u5883\u5bf9\u7528\u6237\u884c\u4e3a\u7684\u76f4\u63a5\u5f71\u54cd\u3002<\/p>\n<p>35%\u7684\u7528\u6237\u56e0\u5b89\u5168\u4e8b\u6545\u51cf\u5c11CEX\u4f7f\u7528\uff0c\u663e\u793a\u5b89\u5168\u4ecd\u662fCEX\u7684\u6838\u5fc3\u75db\u70b9\u3002<\/p>\n<p>24.8%\u7684\u7528\u6237\u56e0\u5e02\u573a\u64cd\u7eb5\u5acc\u7591\u51cf\u5c11\u4f7f\u7528\uff0c\u53cd\u6620\u51fa\u7528\u6237\u5bf9CEX\u4ea4\u6613\u516c\u5e73\u6027\u7684\u8d28\u7591\u3002<\/p>\n<p>22.7%\u7684\u7528\u6237\u56e0\u4e0a\u5e01\u8d22\u5bcc\u6548\u5e94\u51cf\u5f31\u51cf\u5c11\u4f7f\u7528\uff0c\u53cd\u6620\u4e86CEX\u82e5\u65e0\u6cd5\u901a\u8fc7\u4f18\u8d28\u9879\u76ee\u5438\u5f15\u7528\u6237\uff0c\u53ef\u80fd\u5bfc\u81f4\u7528\u6237\u6d41\u5931\u3002\u6b64\u5916\u5408\u89c4\u95ee\u9898\u3001DEX\u7684\u521b\u65b0\u90fd\u5bf9CEX\u5438\u5f15\u7528\u6237\u4f7f\u7528\u8fc7\u7a0b\u4e2d\u5e26\u6765\u4e86\u6311\u6218\u3002<\/p>\n<p><img \/><\/p>\n<h3><strong><b>\u56db\u3001\u534e\u8bed\u7528\u6237\u5bf9 CEX \u672a\u6765\u53d1\u5c55\u9884\u671f<\/b><\/strong><\/h3>\n<p><strong><b>1\u3001<\/b><\/strong><strong><b>\u662f\u5426\u8003\u8651\u7528\u53bb\u4e2d\u5fc3\u5316\u65b9\u6848\u66ff\u4ee3<\/b><\/strong><strong><b>CEX<\/b><\/strong><\/p>\n<p><strong>69.5%\u7684\u53d7\u8bbf\u8005\u8868\u793a\u4f1a\u8003\u8651\u7528DEX\u7b49\u66f4\u53bb\u4e2d\u5fc3\u5316\u65b9\u6848\u66ff\u4ee3CEX<\/strong>\uff0c\u5360\u6bd4\u663e\u8457\uff0c\u8fd9\u53cd\u6620\u51fa\u7528\u6237\u5bf9CEX\u7684\u4fe1\u4efb\u5371\u673a\u52a0\u5267\uff0c\u4ee5\u53caDEX\u7684\u5d1b\u8d77\u5bf9\u4e8eCEX\u5e26\u6765\u7684\u7ade\u4e89\u538b\u529b\u3002<\/p>\n<p>\u4f4610.1%\u7684\u53d7\u8bbf\u8005\u4ecd\u8868\u793a\u5728\u89c2\u671b\u4e2d\uff0c\u8fd9\u8868\u660e\u4e86\u90e8\u5206\u7528\u6237\u53ef\u80fd\u5bf9CEX\u7684\u54c1\u724c\u4ecd\u6709\u8f83\u5f3a\u4f9d\u8d56\uff0c\u5bf9DEX\u7b49\u6240\u8c13\u7684\u53bb\u4e2d\u5fc3\u5316\u65b9\u6848\u7684\u6210\u719f\u5ea6\u4e5f\u6301\u6000\u7591\u6001\u5ea6\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>2\u3001\u5bf9<\/b><\/strong><strong><b>CEX<\/b><\/strong><strong><b>\u548c<\/b><\/strong><strong><b>DEX<\/b><\/strong><strong><b>\u672a\u6765\u683c\u5c40\u5224\u65ad<\/b><\/strong><\/p>\n<p>\u5bf9\u4e8e\u201cCEX\u662f\u5426\u672a\u6765\u4f1a\u88abDEX\u5b8c\u5168\u53d6\u4ee3\uff1f\u201d\u8fd9\u4e00\u95ee\u9898\uff0c<strong>63.9%\u7684\u53d7\u8bbf\u8005\u8ba4\u4e3aDEX\u4f1a\u5b8c\u5168\u53d6\u4ee3CEX<\/strong>\uff0c\u53cd\u6620\u4e86\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff08DeFi\uff09\u7684\u7406\u5ff5\u5728\u52a0\u5bc6\u8d27\u5e01\u793e\u533a\u4e2d\u5177\u6709\u8f83\u5f3a\u7684\u5438\u5f15\u529b\uff0c\u4ee5\u53caDEX\u5728\u7528\u6237\u4f53\u9a8c\u4e0a\u9010\u6e10\u7f29\u5c0f\u4e0eCEX\u7684\u5dee\u8ddd\u3002<\/p>\n<p><strong>\u63a5\u8fd130%\u7684\u53d7\u8bbf\u8005\u8ba4\u4e3aCEX\u548cDEX\u4f1a\u957f\u671f\u5171\u5b58<\/strong>\uff0c\u8868\u660e\u4e00\u90e8\u5206\u4eba\u5bf9CEX\u7684\u6301\u7eed\u5b58\u5728\u6301\u4e50\u89c2\u6001\u5ea6\u3002CEX\u7684\u4f18\u52bf\u5728\u4e8e\u4ea4\u6613\u901f\u5ea6\u5feb\u3001\u7528\u6237\u4f53\u9a8c\u53cb\u597d\u3001\u6d41\u52a8\u6027\u9ad8\u3001\u652f\u6301\u6cd5\u5e01\u4ea4\u6613\u7b49\uff0c\u5c24\u5176\u5bf9\u65b0\u624b\u7528\u6237\u548c\u673a\u6784\u6295\u8d44\u8005\u66f4\u5177\u5438\u5f15\u529b\u3002\u5c11\u90e8\u5206\u53d7\u8bbf\u8005\u6301\u89c2\u671b\u6001\u5ea6\uff0c\u53ef\u80fd\u56e0\u4e3a\u4ed6\u4eec\u5bf9\u533a\u5757\u94fe\u6280\u672f\u3001\u5e02\u573a\u76d1\u7ba1\u3001DEX\u6280\u672f\u6210\u719f\u5ea6\uff08\u5982\u4ea4\u6613\u6548\u7387\u3001gas\u8d39\u7528\u95ee\u9898\uff09\u6216CEX\u7684\u8fed\u4ee3\u80fd\u529b\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\u3002\u8fd9\u53cd\u6620\u4e86\u52a0\u5bc6\u5e02\u573a\u7684\u590d\u6742\u6027\u548c\u672a\u6765\u53d1\u5c55\u7684\u591a\u53d8\u6027\u3002<\/p>\n<p><img \/><\/p>\n<p><strong><b>3\u3001\u9488\u5bf9CEX\u63d0\u5347\u4fe1\u4efb\u5ea6\uff0c\u53d7\u8bbf\u8005<strong>\u6700\u671f\u5f85\u7684\u6539\u8fdb\u63aa\u65bd\u5206\u6790<\/strong><\/b><\/strong><\/p>\n<p>\u4e0a\u5e01\u8fc7\u7a0b\u7684\u900f\u660e\u6027\u4ecd\u7136\u6700\u53d7\u5173\u6ce8\u3002<strong>\u8d85\u8fc774%\u7684\u53d7\u8bbf\u8005\u8ba4\u4e3a\u9700\u8981\u8fdb\u4e00\u6b65\u516c\u5f00\u4e0a\u5e01\u6d41\u7a0b<\/strong>\uff0c\u8fd9\u4e5f\u53cd\u6620\u7528\u6237\u666e\u904d\u8ba4\u4e3aCEX\u7684\u4e0a\u5e01\u6d41\u7a0b\u4e0d\u591f\u516c\u5f00\uff0c\u53ef\u80fd\u5b58\u5728\u201c\u6697\u7bb1\u64cd\u4f5c\u201d\u6216\u5229\u76ca\u8f93\u9001\u7684\u7591\u8651\u3002<\/p>\n<p>\u800c<strong>\u8d85\u8fc737%\u7684\u53d7\u8bbf\u8005\u5173\u6ce8CEX\u7684\u8d44\u4ea7\u50a8\u5907\u900f\u660e\u5ea6<\/strong>\uff0c\u53cd\u6620\u4e86\u5bf9\u5e73\u53f0\u8d44\u91d1\u5b89\u5168\u6027\u7684\u62c5\u5fe7\u3002FTX\u7b49\u7834\u4ea7\u4e8b\u4ef6\u5bf9\u4e8e\u90e8\u5206\u7528\u6237\u5e26\u6765\u7684\u9634\u5f71\u53ef\u80fd\u4ecd\u672a\u6d88\u6563<\/p>\n<p>\u6b64\u5916\uff0c<strong>\u8d85\u8fc735%\u7684\u53d7\u8bbf\u8005\u5e0c\u671bCEX\u5efa\u7acb\u884c\u4e1a\u7edf\u4e00\u7684\u98ce\u63a7\u6807\u51c6<\/strong>\uff0c\u6216\u8868\u660e\u5f53\u524dCEX\u7684\u98ce\u63a7\u63aa\u65bd\u53c2\u5dee\u4e0d\u9f50\uff0c\u53ef\u80fd\u5bfc\u81f4\u7cfb\u7edf\u6027\u98ce\u9669\uff1b\u8d8518%\u7684\u53d7\u8bbf\u8005\u5219\u5e0c\u671b\u9650\u5236\u9ad8\u6760\u6746\u4ea4\u6613\u3002<\/p>\n<p><img \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2025 \u5e74 CEX \u534e\u8bed\u7528\u6237\u8c03\u7814\u62a5\u544a\uff1a\u8fd1 80% \u53d7\u8bbf\u8005\u589e\u52a0\u8d44\u91d1\u6295\u5165\uff0c74% \u53d7\u8bbf\u8005\u5e0c\u671b\u4e0a\u5e01\u6d41\u7a0b\u900f\u660e \u6765\u6e90\uff1a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3199","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3199"}],"version-history":[{"count":1,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3199\/revisions"}],"predecessor-version":[{"id":5540,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=\/wp\/v2\/posts\/3199\/revisions\/5540"}],"wp:attachment":[{"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3199"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.jineng168.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}