摩根大通：DeFi和资产代币化市场增长速度仍然令人失望

Odaily

08/07

Odaily星球日报讯摩根大通分析师 Nikolaos Panigirtzoglou 在最新研究报告中表示，DeFi 和资产代币化市场增长速度仍然令人失望并指出自 2022 年加密货币寒冬以来复苏的速度并不快，目前 DeFi 总锁仓量（TVL）仍低于 2021 年的高点，大多数活动仍然由加密原生用户和散户推动，机构采用仍然滞后。在资产代币化市场，代币化资产规模达 250 亿美元，代币化债券规模达 80 亿美元，货币市场基金的采用率也在不断提高，但大多数项目规模仍然较小、流动性不足或处于实验阶段。（CoinDesk）

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2557565622"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2557565622\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2557565622?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":false,"pubTime":"2025-08-07 20:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2557565622","market":"fut","top_or_hot":-1,"title":"摩根大通：DeFi和资产代币化市场增长速度仍然令人失望","media":"Odaily","content":"<html><body><div><p>Odaily星球日报讯 <a href=\"https://laohu8.com/S/JPM\">摩根大通</a>分析师 Nikolaos Panigirtzoglou 在最新研究报告中表示，DeFi 和资产代币化市场增长速度仍然令人失望并指出自 2022 年加密货币寒冬以来复苏的速度并不快，目前 DeFi 总锁仓量（TVL）仍低于 2021 年的高点，大多数活动仍然由加密原生用户和散户推动，机构采用仍然滞后。在资产代币化市场，代币化资产规模达 250 亿美元，代币化债券规模达 80 亿美元，货币市场基金的采用率也在不断提高，但大多数项目规模仍然较小、流动性不足或处于实验阶段。（CoinDesk）</p></div></body></html>","source":"odaily_live","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>摩根大通：DeFi和资产代币化市场增长速度仍然令人失望</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n摩根大通：DeFi和资产代币化市场增长速度仍然令人失望\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-07 20:49 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.odaily.news/zh-CN/newsflash/442327><strong>Odaily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Odaily星球日报讯 摩根大通分析师 Nikolaos Panigirtzoglou 在最新研究报告中表示，DeFi 和资产代币化市场增长速度仍然令人失望并指出自 2022 年加密货币寒冬以来复苏的速度并不快，目前 DeFi 总锁仓量（TVL）仍低于 2021 年的高点，大多数活动仍然由加密原生用户和散户推动，机构采用仍然滞后。在资产代币化市场，代币化资产规模达 250 亿美元，代币化债券规模达...</p>\n\n<a href=\"https://www.odaily.news/zh-CN/newsflash/442327\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://www.odaily.news/zh-CN/newsflash/442327","article_id":"2557565622","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557565622","pubTimestamp":1754570973,"columns":[],"sourceInfo":{"source_id":"odaily_live","name":"Odaily"},"weMediaInfo":null,"summary":"<div class=\"line-clamp-4 text-custom-000000/70 dark:text-custom-FFFFFF/60 text-18 font-400 tracking-1 leading-40 whitespace-pre-line\"><p>Odaily星球日报讯 摩根大通分析师 Nikolaos Panigirtzoglou 在最新研究报告中表示，DeFi 和资产代币化市场增长速度仍然令人失望并指出自 2022 年加密货币寒冬以来复苏的速度并不快，目前 DeFi 总锁仓量（TVL）仍低于 2021 年的高点，大多数活动仍然由加密原生用户和散户推动，机构采用仍然滞后。在资产代币化市场，代币化资产规模达 250 亿美元，代币化债券规模达 80 亿美元，货币市场基金的采用率也在不断提高，但大多数项目规模仍然较小、流动性不足或处于实验阶段。（CoinDesk）</p></div>","collect":0,"end_time":0,"defaultTopTitle":"odaily.news","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4534":"瑞士信贷持仓","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","HODL":"VanEck Bitcoin ETF","SG9999002232.USD":"Allianz Global High Payout USD","DEFI":"Hashdex Bitcoin ETF","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0971096721.USD":"富达环球金融服务 A","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","BRRR":"CoinShares Valkyrie Bitcoin Fund","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","FBTC":"Fidelity Wise Origin Bitcoin Fund","GBTC":"Grayscale Bitcoin Trust ETF","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","BTCO":"Invesco Galaxy Bitcoin ETF","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","EZBC":"Franklin Bitcoin ETF","IBIT":"iShares Bitcoin Trust ETF","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4207":"综合性银行","BTCW":"WisdomTree Bitcoin Fund","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","JPM":"摩根大通","BITO":"ProShares Bitcoin ETF","BK4581":"高盛持仓","VBTC.AU":"Vaneck Bitcoin Etf"},"translate_title":"DeFi and Asset Tokenization Market Growth Still Disappointing: JPMorgan","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":1,"BRRR":1,"BTCO":1,"BTCW":1,"DEFI":1,"EZBC":1,"FBTC":1,"GBTC":1,"HODL":1,"IBIT":1,"JPM":1,"VBTC.AU":1},"content_text":"Odaily星球日报讯 摩根大通分析师 Nikolaos Panigirtzoglou 在最新研究报告中表示，DeFi 和资产代币化市场增长速度仍然令人失望并指出自 2022 年加密货币寒冬以来复苏的速度并不快，目前 DeFi 总锁仓量（TVL）仍低于 2021 年的高点，大多数活动仍然由加密原生用户和散户推动，机构采用仍然滞后。在资产代币化市场，代币化资产规模达 250 亿美元，代币化债券规模达 80 亿美元，货币市场基金的采用率也在不断提高，但大多数项目规模仍然较小、流动性不足或处于实验阶段。（CoinDesk）","kind":"live","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}