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crypto_pumpman
泵泵超人 | Pumpman 🔶
@crypto_pumpman

🦖 解读一下:CoinGecko 对各大交易所 TradFi 赛道的交易数据报告 股票、贵金属、大宗商品 已成为加密货币交易所差异化竞争的新战场,报告覆盖六大 CEX 在过去半年的 TradFi 战绩 1️⃣ Crypto TradFi 市值增长近5倍 总市值从 2025年初 的 $14.1亿 增长至 6月30日 的 $65.9亿,涨幅 366.7% 2月初受金价创纪录推动,市值一度触及峰值 $75亿,随后随金属行情降温回落 2️⃣ 交易量爆发式增长 2026年上半年总交易量约 $1.45万亿,约为2025年全年的10倍,仅2月单月就录得 $1,863.2亿,轻松超越 2025全年 总量 美股交易量6月激增 337.4% 至 $1,898.4亿,首次超越贵金属,市占率达 48.3% 主要驱动力为:半导体股,如 美光 $MU、闪迪 SanDisk $SNDK 等的强劲需求,以及 SpaceX pre-IPO 代币化股票的投机热 3️⃣ 合约板块:未平仓合约 激增 77 倍 六大交易所总 OI 从2025年1月1日的 $6,000万 增长至2026年6月30日的峰值 $46.7 亿,增长 77 倍 4️⃣ CEX TradFi 交易量格局 Binance @binancezh 与 MEXC @MEXC 领跑2026年大部分时间 2025年早期阶段格局尚不稳定,MEXC、Gate、Bitget 曾短暂轮流领先月度交易量,直到2026年初 Binance 确立持续领先地位 Binance 增速最猛:1月 $396亿 → 6月 $2,314.9亿,占六所总量($3,931.5亿)一半以上 MEXC 从 1月 ~ 5月 连续五个月保持第二,MEXC 在 TradFi 交易量上和 OKX、Bitget 属于同一量级,在贵金属板块交易量表现也还不错 👉 补充一个洞察: 现在的 CEX,美股品类的交易量甚至超过了加密货币品类,TradFi 已经不是加密交易所的「附加功能」,而是新的主战场

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Stocks, precious metals, commodities, and forex have now become the battlegrounds for crypto exchange differentiation. Here are 4 highlights you shouldn't miss about how crypto exchanges are reshaping traditional asset trading. Thread below. 🧵 https://x.com/coingecko/status/2082405879614521435/photo/1

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86 replies collected of 129 X reports
Miss tang 🐬TermMax @Misstang1102 · 12K

@crypto_pumpman Once NVDA tokenization is launched, I won't need my US stock account anymore.

original · zh

@crypto_pumpman 等哪天 NVDA 代币化上线,我就不用美股账户了

1
A @A_meiz96 ·

@crypto_pumpman It's so convenient to trade US stocks and gold now, all you need is an exchange account.

original · zh

@crypto_pumpman 现在玩美股 黄金真方便有个交易所账户就行了

dong @bzxdong ·

@crypto_pumpman A CoinGecko report shows that trading on the crypto platform TradFi has exploded, with market capitalization, trading volume and open interest soaring. Binance is leading the pack, and trading volume in US stocks has surpassed that of crypto assets, making it a new main battleground for exchanges.

original · zh

@crypto_pumpman CoinGecko报告显示加密平台TradFi交易爆发式增长,市值、交易量与持仓大幅飙升,币安领跑赛道,美股交易量反超加密资产,已成交易所竞争新主战场。

凌川Crypto(大周期) @0x888w ·

@crypto_pumpman The US stock market is now the main source of our strength.

original · zh

@crypto_pumpman 现在美股才是主要的战斗力来源

1
milly.hl @milly_rock7 ·

@crypto_pumpman The part where US stock trading volume surpassed precious metals was the most unexpected Semiconductor stocks and SpaceX pre-IPO tokens directly turned TradeFi into the main battleground.

original · zh

@crypto_pumpman 美股交易量超贵金属那段最意外 半导体股和SpaceX pre-IPO代币直接把TradFi卷成主战场了

雾已散声声慢 @HuGhosttiger ·

@crypto_pumpman Stocks, precious metals, and commodities don't easily go to zero, but some cryptocurrencies will 🤣🤣🤣

original · zh

@crypto_pumpman 股票,贵金属,大宗商品不会轻易归零,但是有的币会🤣🤣🤣

沐兮 @bieberscootch ·

@crypto_pumpman 📈 The crypto market is entering a new phase of competition. Crypto is no longer just about trading single assets; the tokenization of stocks, gold, and commodities may become an important growth direction for CEXs in the future.

original · zh

@crypto_pumpman 📈 加密市场正在进入新的竞争阶段,Crypto 不再只是单一资产交易,股票、黄金、商品代币化可能成为未来 CEX 的重要增长方向。

1
小泽 @xiaob888o ·

@crypto_pumpman US stocks have indeed become the main fighting force. What should we do about crypto? 😭

original · zh

@crypto_pumpman 美股确实成为主要战斗力了,我们加密该何去何从😭。

晚叙 @Michell11950304 ·

@crypto_pumpman The surge in trading volume indicates a significant increase in market activity, but behind this rapid growth, we also need to pay attention to liquidity, regulation, and changes in market cycles; opportunities and risks coexist.

original · zh

@crypto_pumpman 交易量暴涨说明市场资金活跃度明显提升,但高速增长背后也需要关注流动性、监管以及行情周期变化,机会和风险并存。

小包大大 @pumnister61 ·

@crypto_pumpman The trading volume of US stock categories has even surpassed that of cryptocurrency categories. This is a trend that I feel will continue until traditional finance goes on-chain, and only Bitcoin will survive.

original · zh

@crypto_pumpman 美股品类的交易量甚至超过了加密货币品类这个是趋势感觉 以后传统金融都上链也只有btc能活下来

遇事不决,可问春风。 @Qiang011267 ·

@crypto_pumpman Stocks. Precious metals. Play around. No way you'll run away with the money. I'll be back anytime if I buy in.

original · zh

@crypto_pumpman 股票。贵金属。随便玩。没得跑路一说。冲土狗随时归o

James @JamesWantCat ·

@crypto_pumpman In this bear market, the crypto market and the US stock market are mutually saving each other.

original · zh

@crypto_pumpman 这个熊市,币圈和美股相互救赎

MYMYMY @mengyun0823 ·

@crypto_pumpman It's so convenient to trade US stocks and gold now, all you need is an exchange account.

original · zh

@crypto_pumpman 现在玩美股 黄金真方便有个交易所账户就行了

春风 @Nicolas668829 ·

@crypto_pumpman All the liquidity in the crypto market has been drained by the US stock market, this bear market is probably going to be even tougher.

original · zh

@crypto_pumpman 币圈的流动性全让美股抽走了,这个熊市估计更难了

龟龟不吃青菜 @kishi_is_takara ·

@crypto_pumpman Is it a good time to buy SPX? It's down 50% from its peak, but it feels like the big move is yet to come.

original · zh

@crypto_pumpman SPX能上车了吗?从高点下来50%了,但是又感觉大的还没来

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仰望风 @wastherewhen ·

@crypto_pumpman How are copycats supposed to survive now, hahaha? They're all going to play the US stock market.

original · zh

@crypto_pumpman 这让山寨咋活哈哈哈都去玩美股

yushen @pD3wvjbQlDLGv0F ·

@crypto_pumpman User growth was indeed rapid, but compliance opportunities gradually decreased.

original · zh

@crypto_pumpman 用户增长得确实快后面慢慢合规 机会就少了

nam9290 @nam921990 ·

@crypto_pumpman Everyone is investing in the US stock market now.

original · zh

@crypto_pumpman 现在人人都投资美国股市。

0xMomo @0xmomonifty ·

@crypto_pumpman Pumpman's images are absolutely fantastic!

original · zh

@crypto_pumpman 泵哥做的这些图片实在是太好了

1
Gisele @gilubas ·

@crypto_pumpman Binance is truly formidable; no wonder it's the industry leader.

original · zh

@crypto_pumpman binance真猛不愧是行业老大

WorldPeace天下太平 @WorldPeace_520 ·

@crypto_pumpman This growth rate is outrageous, a 366% increase in just six months. TradFi is making CEXs its main battleground.

original · zh

@crypto_pumpman 这增速太夸张了,半年涨366%,TradFi这是直接把CEX当主战场了。

1
Eric @lngwn16 ·

@crypto_pumpman Biance is still the leader, it's really strong.

original · zh

@crypto_pumpman biance还是龙头,猛啊

做你滴喵 @CryptoGGbond ·

@crypto_pumpman This is too difficult. All the money in the crypto world is now flowing into US stocks.

original · zh

@crypto_pumpman 太难了,现在币圈的资金都冲到美股了

zhiwen xu @huahuatiny ·

@crypto_pumpman TradFi is no longer an "add-on feature" for crypto exchanges, but a new main battleground.

original · zh

@crypto_pumpman TradFi 已经不是加密交易所的「附加功能」,而是新的主战场

KiM X自助饭堂 @Tigerooo319 ·

@crypto_pumpman On current CEXs, trading volume for US stock instruments has even surpassed that for cryptocurrencies. TradeFi is no longer an "add-on feature" for crypto exchanges, but a new main battleground.

original · zh

@crypto_pumpman 现在的 CEX,美股品类的交易量甚至超过了加密货币品类,TradFi 已经不是加密交易所的「附加功能」,而是新的主战场

liang nie @liangnie323328 ·

@crypto_pumpman There are many more tracks this year, and therefore many more ways to lose money.

original · zh

@crypto_pumpman 今年赛道多,亏钱的渠道也多了

Marisa @Marisabe_i_ ·

@crypto_pumpman The US stock market's ability to drain liquidity is too powerful!!!

original · zh

@crypto_pumpman 美股的抽血能力太强悍了!!!

sanhe @3heeeeee ·

@crypto_pumpman SpaceX's tokenization of stocks is the biggest catalyst; retail investors are just after Musk.

original · zh

@crypto_pumpman SpaceX代币化股票才是最大引信 散户就是冲着马斯克来的

Brenda Walsh @BrendaWals41305 ·

@crypto_pumpman I didn't expect US stock trading volume to surpass that of precious metals; the driving effect of semiconductors and SpaceX is indeed strong.

original · zh

@crypto_pumpman 没想到美股交易量能反超贵金属,半导体和SpaceX的带动效应确实猛。

立志做钓鱼佬 @Lingium ·

@crypto_pumpman In the long run, precious metals remain the consensus.

original · zh

@crypto_pumpman 长期来看贵金属还是共识所在

QueenB @QueenB3rry ·

@crypto_pumpman Commodities look fun, you should try it!

original · zh

@crypto_pumpman 大宗商品好玩,可以尝试一下!

莫得感情的杀手 @divyeshshahptnt ·

@crypto_pumpman The trend is too clear. The era of simply speculating on cryptocurrencies is slowly coming to an end. TradeFi is the track that major exchanges will fight for next, and funds are flocking to it.

original · zh

@crypto_pumpman 趋势太清晰了,单纯炒币的时代慢慢过去了,TradFi才是接下来各大交易所必争的赛道,资金都在往这边扎堆。

1
小赟大王 | ETHGas ⛽ @zxy2003bf ·

@crypto_pumpman The article is very well written, I hope you continue your efforts.

original · zh

@crypto_pumpman 文章写的非常好 希望继续努力

Megan 👑👑👑 @guy_megan6483 ·

@crypto_pumpman The 77-fold increase in open interest is more than just an added feature; it's practically a second growth curve.

original · zh

@crypto_pumpman 未平仓合约77倍的增长,这哪是附加功能,简直是第二增长曲线。

小叮当 @msaad1200 ·

@crypto_pumpman It's hard not to take this report seriously. Trading volumes in US stocks and precious metals have skyrocketed, crypto and traditional finance have become intertwined, and the way the market operates has completely changed.

original · zh

@crypto_pumpman 很难不重视这份报告,美股、贵金属交易量狂飙,加密和传统金融打通,市场玩法彻底变天了。

win k @wvntfx ·

@crypto_pumpman Is it still worth buying into storage? It dropped back down on Friday.

original · zh

@crypto_pumpman 存储还能进吗,周五又跌回去了

chenliang @chenlia3776025 ·

@crypto_pumpman The liquidity in the US stock market is still acceptable; that's our only hope!

original · zh

@crypto_pumpman 美股的流动性还是可以的,唯一的希望了!

1
猛踹瘸子那条好腿 @dinisebirdow ·

@crypto_pumpman Sigh, the boundaries between old and new markets are becoming increasingly blurred. Crypto platforms launching traditional categories are experiencing explosive growth, and a new window of opportunity is right here.

original · zh

@crypto_pumpman 哎,新旧市场边界越来越模糊,加密平台上线传统品类爆发增长,新一轮的机会窗口就在这

1
阿奎因 l 猪猪侠 🌸 @Apumondol1 ·

@crypto_pumpman Binance alone accounted for more than half of the total revenue of six institutions, demonstrating a clear Matthew effect where the strong get stronger.

original · zh

@crypto_pumpman Binance这一家就吃了六所总量一半多,强者恒强的马太效应很明显了。

白日梦想家 @caomengde611 ·

@crypto_pumpman Binance has captured more than half the market, while MEXC firmly holds its position in the second tier. This arms race is about who can become the "global comprehensive exchange" first.

original · zh

@crypto_pumpman Binance吃下过半江山,MEXC稳坐第二梯队,这轮军备竞赛,拼的是谁先把自己变成“全球综合交易所”

铂略打 @zxybf2003 ·

@crypto_pumpman US stocks are indeed performing very well. The crypto market is not doing so well.

original · zh

@crypto_pumpman 美股确实非常可以。币圈不太行了

万般苦闷于红豆 @KBVXdkfk ·

@crypto_pumpman Now everyone's going into stocks, that's keeping up with the times.

original · zh

@crypto_pumpman 现在都往股上面走了,也是与时俱进的了

甜茶*Tea ⭐⭐⭐ 香港⭐⭐⭐ 🌿 @Loving_SweetTea ·

@crypto_pumpman February's trading volume alone exceeded the entire previous year's volume; the record-breaking gold price surge was truly a perfect storm of favorable timing and circumstances.

original · zh

@crypto_pumpman 2月单月交易量就超去年全年,金价创纪录那波行情真是天时地利。

Gloria Poppins @PoppinsGloria ·

@crypto_pumpman When will the cows return? This is agonizing!

original · zh

@crypto_pumpman 什么时候牛可以回归啊,太煎熬了!

1
兔兔辣么可爱 ❤️ @TTombaga17937 ·

@crypto_pumpman I remember last year Gate and Bitget took turns dominating, but now the landscape is completely locked in by Binance.

original · zh

@crypto_pumpman 记得去年还是Gate和Bitget轮流坐庄,现在格局彻底被Binance锁死了。

dyeing泰葛 @hjh2008208820 ·

@crypto_pumpman TradeFi's market capitalization increased fivefold in six months, and its trading volume reached ten times that of the entire previous year. It's not that TradeFi is invading crypto; it's that crypto is devouring TradeFi's liquidity.

original · zh

@crypto_pumpman 半年市值涨5倍,交易量干到去年全年的10倍。不是TradFi入侵加密,是加密在吞噬TradFi的流动性。

B612号小行星 @dizon_jomari ·

@crypto_pumpman I feel the next crypto bull market will be fueled by US stocks, but I'm not sure if that's right.

original · zh

@crypto_pumpman 感觉下一轮加密牛市的热点在美股,不知道对不对

南方小土豆 @AmbroseItz42970 ·

@crypto_pumpman Micron and SanDisk have indeed boosted the US stock market; crypto users are really sensitive to semiconductor stocks.

original · zh

@crypto_pumpman 美光和闪迪这波确实带火美股板块,加密用户对半导体股票敏感度真高。

单身大哥 @HeidiCeden30388 ·

@crypto_pumpman MEXC has managed to maintain its second-place position in the precious metals sector, demonstrating a clever strategy of differentiated positioning.

original · zh

@crypto_pumpman MEXC能在贵金属板块稳住第二把交椅,差异化定位玩得挺明白。

1 replies whose parent comment X withheld

Supers🔶 BNB🦅 @Supers6061 · 96K

@crypto_pumpman Post more, love to watch

original · zh

@crypto_pumpman 多发 爱看

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