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src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756264464211736.jpg\"><\/p>\n<p>\u7136\u800c\uff0c\u8fd9\u6b21\u5c1d\u8bd5\u5e76\u672a\u9020\u6210\u50cfXPL\u90a3\u6837\u663e\u8457\u7684\u8fde\u73af\u6e05\u7b97\u3002\u6216\u8bb8\u662fXPL\u7684\u60e8\u6848\u8ba9\u5e02\u573a\u4e0a\u7684\u7a7a\u5934\u4eec\u53d8\u5f97\u8b66\u89c9\uff0c\u63d0\u524d\u964d\u4f4e\u4e86\u98ce\u9669\u655e\u53e3\uff1b\u53c8\u6216\u8bb8\u662fWLFI\u7684\u5e02\u573a\u6d41\u52a8\u6027\u7ed3\u6784\u4e0eXPL\u4e0d\u540c\u3002\u4f46\u65e0\u8bba\u5982\u4f55\uff0c\u8fd9\u6b21\u672a\u9042\u7684\u201c\u6a21\u4eff\u4f5c\u6848\u201d\u8fdb\u4e00\u6b65\u8bc1\u5b9e\u4e86\u653b\u51fb\u7684\u6a21\u5f0f\u5316\uff0c\u5e76\u53cd\u886c\u51fa\u5e73\u53f0\u6cbb\u7406\u7684\u7f3a\u4f4d\u2014\u2014<strong>\u6f0f\u6d1e\u4f9d\u7136\u5b58\u5728\uff0c\u53ea\u662f\u730e\u7269\u53d8\u5f97\u66f4\u52a0\u8b66\u60d5\u4e86\u3002<\/strong><\/p>\n<p>\u4e3a\u4f55\u540c\u4e00\u4e2a\u5e73\u53f0\uff0c\u5728\u9762\u5bf9\u4e24\u6b21\u6027\u8d28\u76f8\u4f3c\u7684\u5e02\u573a\u64cd\u7eb5\u65f6\uff0c\u4f1a\u505a\u51fa\u5982\u6b64\u622a\u7136\u4e0d\u540c\u7684\u53cd\u5e94\uff1f\u7b54\u6848\u53ef\u80fd\u5728\u4e8e\u4e24\u6b21\u4e8b\u4ef6\u4e2d\u201c\u53d7\u5bb3\u8005\u201d\u8eab\u4efd\u7684\u4e0d\u540c\u3002JELLYJELLY 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\u653b\u51fb\u7684\u635f\u5931\u4e3b\u8981\u7531\u7528\u6237\u627f\u62c5\u3002<\/p>\n<p>\u8fd9\u79cd\u201c\u9009\u62e9\u6027\u6267\u6cd5\u201d\uff0c\u6bd4\u653b\u51fb\u672c\u8eab\u66f4\u4ee4\u4eba\u5bd2\u5fc3\u3002\u5b83\u6253\u7834\u4e86\u5e02\u573a\u5bf9\u4e00\u4e2a\u516c\u5e73\u3001\u4e2d\u7acb\u5e73\u53f0\u7684\u5e7b\u60f3\uff0c\u63ed\u793a\u4e86\u6240\u8c13\u201c\u53bb\u4e2d\u5fc3\u5316\u201d\u80cc\u540e\uff0c\u90a3\u82e5\u9690\u82e5\u73b0\u7684\u4e2d\u5fc3\u5316\u6743\u529b\u9b45\u5f71\u3002\u5e73\u53f0\u7684\u5e72\u9884\u9608\u503c\u4f3c\u4e4e\u662f\u57fa\u4e8e\u81ea\u8eab\u8d22\u52a1\u98ce\u9669\uff0c\u800c\u975e\u666e\u904d\u7684\u5e02\u573a\u516c\u5e73\u6027\u3002<\/p>\n<h3><\/h3>\n<h3><strong>\u7b2c\u4e94\u7ae0\uff1a\u6295\u8d44\u8005\u7684\u751f\u5b58\u6cd5\u5219<\/strong><\/h3>\n<p>\u5bf9\u4e8e\u666e\u901a\u6295\u8d44\u8005\u6765\u8bf4\uff0c\u5b8c\u5168\u907f\u5f00\u6240\u6709\u98ce\u9669\u4e0d\u73b0\u5b9e\uff0c\u4f46\u53ef\u4ee5\u901a\u8fc7\u66f4\u5ba1\u614e\u7684\u201c\u6295\u524d\u5c3d\u8c03\u201d\u6765\u8bc6\u522b\u5e76\u89c4\u907f\u8fd9\u7c7b\u201c\u9677\u9631\u201d\u3002\u5173\u952e\u5728\u4e8e\uff0c<strong>\u4e0d\u8981\u53ea\u5206\u6790\u8d44\u4ea7\u672c\u8eab\uff0c\u66f4\u8981\u5206\u6790\u8d44\u4ea7\u6240\u5728\u7684\u201c\u5e02\u573a\u5fae\u89c2\u7ed3\u6784\u201d<\/strong>\u3002\u5728\u8e0f\u5165\u4efb\u4f55\u4e00\u4e2aDeFi\u884d\u751f\u54c1\u730e\u573a\u524d\uff0c\u81f3\u5c11\u8981\u5b8c\u6210\u4e09\u9879\u4fa6\u5bdf\uff1a<\/p>\n<ol>\n<li><strong>\u8bc6\u522b\u201c\u5b64\u5c9b\u5e02\u573a\u201d<\/strong>\uff1a\u5728\u4ea4\u6613\u4e00\u4e2a\u884d\u751f\u54c1\u524d\uff0c\u5148\u95ee\u81ea\u5df1\uff1a\u5b83\u7684\u4ef7\u683c\u951a\u5b9a\u4e8e\u4ec0\u4e48\uff1fXPL\u548cWLFI\u5728Hyperliquid\u4e0a\u90fd\u662f\u5178\u578b\u7684\u201c\u5b64\u5c9b\u201d\uff0c\u5176\u4ef7\u683c\u53ea\u53cd\u6620\u5e73\u53f0\u5185\u90e8\u7684\u591a\u7a7a\u535a\u5f08\uff0c\u6ca1\u6709\u4efb\u4f55\u5916\u90e8\u73b0\u8d27\u5e02\u573a\u53ef\u4ee5\u901a\u8fc7\u5957\u5229\u6765\u4fee\u6b63\u5176\u4ef7\u683c\u3002\u5bf9\u4e8e\u8fd9\u79cd\u5b64\u7acb\u5e02\u573a\uff0c\u4efb\u4f55\u6240\u8c13\u7684\u201c\u5957\u4fdd\u201d\u7b56\u7565\u90fd\u662f\u4f2a\u547d\u9898\uff0c\u56e0\u4e3a\u4f60\u5bf9\u51b2\u7684\u4e0d\u662f\u8d44\u4ea7\u7684\u516c\u5141\u4ef7\u503c\uff0c\u800c\u662f\u5728\u548c\u5e73\u53f0\u5185\u6240\u6709\u5bf9\u624b\u76d8\u7684\u8d44\u91d1\u8fdb\u884c\u4e00\u573a\u8c6a\u8d4c\u3002<\/li>\n<li><strong>\u5ba1\u67e5\u9884\u8a00\u673a\u673a\u5236<\/strong>\uff1a\u8fd9\u662fDeFi\u884d\u751f\u54c1\u7684\u6838\u5fc3\u3002\u8981\u8b66\u60d5**\u201c\u81ea\u6211\u53c2\u7167\u201d<strong>\u7684\u9884\u8a00\u673a\u3002\u50cfHyperp\u8fd9\u79cd\u4ef7\u683c\u7531\u81ea\u8eab\u5386\u53f2\u4ef7\u683c\u51b3\u5b9a\u7684\u673a\u5236\uff0c\u7b49\u4e8e\u662f\u5728\u4e00\u4e2a\u5c01\u95ed\u623f\u95f4\u91cc\uff0c\u7528\u8fc7\u53bb\u7684\u6e29\u5ea6\u6765\u5b9a\u4e49\u73b0\u5728\u7684\u6807\u51c6\u6e29\u5ea6\uff0c\u8fd9\u6781\u6613\u88ab\u5927\u8d44\u91d1\u201c\u52a0\u70ed\u201d\u64cd-\u7eb5\u3002\u4e00\u4e2a\u5065\u5eb7\u7684\u9884\u8a00\u673a\uff0c\u5fc5\u987b\u4f9d\u8d56\u591a\u4e2a\u3001\u72ec\u7acb\u7684\u3001\u6709\u6df1\u5ea6\u7684<\/strong>\u5916\u90e8\u6570\u636e\u6e90**\uff08\u6bd4\u5982Chainlink\u7efc\u5408\u591a\u5bb6\u4e3b\u6d41\u4ea4\u6613\u6240\u7684\u73b0\u8d27\u4ef7\u683c\uff09\u3002<\/li>\n<li><strong>\u5bfb\u627e\u5e73\u53f0\u7684\u201c\u5b89\u5168\u57ab\u201d<\/strong>\uff1a\u4e00\u4e2a\u8d1f\u8d23\u4efb\u7684\u5e73\u53f0\uff0c\u4f1a\u4e3a\u4f4e\u6d41\u52a8\u6027\u3001\u9ad8\u98ce\u9669\u7684\u8d44\u4ea7\u8bbe\u7f6e\u660e\u786e\u7684\u98ce\u9669\u53c2\u6570\u3002\u6295\u8d44\u8005\u5e94\u8be5\u4e3b\u52a8\u53bb\u67e5\u627e\u548c\u786e\u8ba4\uff1a<\/li>\n<\/ol>\n<ul>\n<li class=\"ql-indent-1\"><strong>\u662f\u5426\u6709\u6301\u4ed3\u603b\u91cf\u4e0a\u9650\uff08Open Interest Caps\uff09\uff1f<\/strong> \u8fd9\u80fd\u4ece\u6839\u672c\u4e0a\u9650\u5236\u5355\u4e2a\u5e02\u573a\u53ef\u4ee5\u7d2f\u79ef\u7684\u98ce\u9669\u89c4\u6a21\u3002<\/li>\n<li class=\"ql-indent-1\"><strong>\u662f\u5426\u6709\u5355\u4e2a\u8d26\u6237\u7684\u5934\u5bf8\u9650\u5236\uff1f<\/strong> \u8fd9\u80fd\u9632\u6b62\u5de8\u9cb8\u201c\u63a7\u76d8\u201d\u3002<\/li>\n<li class=\"ql-indent-1\"><strong>\u6e05\u7b97\u673a\u5236\u662f\u5426\u5e73\u6ed1\uff1f<\/strong> \u662f\u4e00\u6b21\u6027\u5e02\u4ef7\u7838\u76d8\uff08\u5bb9\u6613\u5bfc\u81f4\u8fde\u73af\u7206\u4ed3\uff09\uff0c\u8fd8\u662f\u901a\u8fc7TWAP\/VWAP\uff08\u65f6\u95f4\/\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u4ef7\uff09\u7b49\u65b9\u5f0f\u5e73\u7a33\u5904\u7406\uff1f<\/li>\n<\/ul>\n<p>\u5982\u679c\u4e00\u4e2a\u5e73\u53f0\u5728\u4e00\u4e2a\u5168\u65b0\u7684\u3001\u6ca1\u6709\u5916\u90e8\u4ef7\u683c\u951a\u7684\u8d44\u4ea7\u4e0a\uff0c\u6ca1\u6709\u8bbe\u7f6e\u4ee5\u4e0a\u4efb\u4f55\u98ce\u63a7\u63aa\u65bd\uff0c\u90a3\u5bf9\u666e\u901a\u6295\u8d44\u8005\u800c\u8a00\uff0c\u5b83\u5c31\u4e0d\u662f\u4e00\u4e2a\u516c\u5e73\u7684\u8d4c\u573a\uff0c\u800c\u662f\u4e00\u4e2a\u7cbe\u5fc3\u8bbe\u8ba1\u7684\u201c\u730e\u573a\u201d\u3002<\/p>\n<h3><\/h3>\n<h3><strong>\u5c3e\u58f0\uff1a\u901a\u5f80\u5f39\u6027\u5e02\u573a\u4e4b\u8def<\/strong><\/h3>\n<p>Hyperliquid XPL 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