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THORChain 分析与评估

Shayon Sengupta
Tushar Jain
2021年2月23日 | 20 minute read

Multicoin Capital持有大量THORChain原生代币RUNE的头寸,THORChain是一个去中心化跨链自动做市商(AMM)。同时,RUNE是我们最大的公开持仓之一。

我们相信THORChain——一个通过最小化信任交易现货代币(不仅仅局限于衍生品)跨链——是加密交易基础设施的一个基本版块。随着加密生态的不断发展壮大和更加多样化,THORChain将在其中扮演越来越重要的角色。

因此,一个信任最小化、支持跨链交易的产品存在着巨大的机会。在一个多链并存、代币泛滥的世界,交易员自然存在着以最小化信任方式进行跨链交易的需求。

在跨链交易领域,第一个这样的产品是Tier Nolan原子交换。此后,市场中相继出现了像简单支付验证中继和合并共识等其他的方式。然而,尽管出发点很好,但是由于各种原因(例如交易速度太慢、自由选择问题、成本太高等),它们都没能成功获得市场的广泛关注。

从几年前首个跨链兑换产品出现以来,加密生态变得越来越多样化:CoinGecko市值排名前25的代币中,有80%属于一层区块链的代币。区块链之间的多样性很自然地产生了的这个需求:通过最小化信任、去中心化的方式进行跨链交易现货代币。

随着Solana、Polkadot、Near和Avalanche等新型智能合约平台的成熟,区块链的数量也在不断增加。而这些生态成熟以后,整体的加密技术构成将变得越发多样化,而不是越来越同质。

大多数投资者都持有他们看好的区块链的仓位;然而,他们当中很少有人能真正接触到整个生态日益增长的多样化。这是一个巨大的机会,我们相信持有THORChain原生代币RUNE是践行该投资理念的最佳方式。

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