永续合约 板块

综合强度 7.4实时

DEFI · PERPS

板块DEFIPERPS

永续合约使交易者能够以杠杆方式对资产价格进行投注,而无需持有基础资产。

市值$17.34B7D +4.31%
7D 涨幅+4.31%超 BTC +3pp
代币数112活跃流通中
24H 交易量$495.88M占大盘 1.0%
平均涨幅-1.20%24H 中位数
龙头项目HYPE权重 75.0%
涨幅最高NEMESIS+16.40%
板块强度7.4/10sector
01

板块表现 · 与大盘对比

板块指数(基期:2024-10-01 = 100)
68.9-15.63% (30D)
同期 BTC 涨幅
-0.81% · 跑赢 -14.8pp
加载中...
永续合约-15.63%
BTC-0.81%
ETH+0.55%
SOL-1.25%
智能合约平台-2.64%
一层公链-3.26%
工作量证明-4.22%
World Liberty Financial投资组合-1.44%
权益证明+0.33%
02

龙头分析 · Top 3 深度

板块占比 87.8%
RANK 01

Hyperliquid

HYPE · DeFi · 基础设施 · 板块占比 75.0%

$58.420.00% · 24H
市值$12.99B
FDV$12.99B
换手率2%
板块占比75.0%

为什么领先:Hyperliquid以高性能L1承载永续交易,兼具撮合、流动性与基础设施属性,是板块里最强的交易与叙事双核心,资金关注度最高。

RANK 02

Aster

ASTER · DeFi · DEX · 板块占比 9.4%

$0.6020-0.17% · 24H
市值$1.62B
FDV$1.62B
换手率0%
板块占比9.4%

为什么领先:Aster定位下一代去中心化永续交易所,直接对标板块核心赛道,受益于永续交易扩张与DEX创新预期,具备补涨弹性。

RANK 03

Lighter

LIT · DeFi · 衍生品 · 板块占比 3.5%

$2.40+2.50% · 24H
市值$599.83M
FDV$599.83M
换手率5%
板块占比3.5%

为什么领先:Lighter 具备板块代表性与资金承接能力,是当前赛道的重要龙头观察对象。

03

板块成分代币

112 个项目
#代币评级
1
$0.0003263
+16.40%
-16.54%
$326.14K
$6.40K
B
2
$0.0001571
+8.20%
0.00%
$48.10K
$496.59
C
3
$0.0004222
+7.60%
0.00%
$11.34K
$42.45
C
4
$0.02097
+4.38%
+2.72%
$19.54M
$420.97K
C
5
$0.000753
+4.30%
-43.79%
$352.39K
$41.15
C
6
$0.05406
+4.20%
0.00%
$4.86M
$198.76
C
7
$0.01188
+2.80%
+1.33%
$8.50M
$1.75M
B+
8
$0.001663
+2.70%
-14.15%
$4.82M
$4.31M
B+
9
$0.2831
+2.60%
0.00%
$32.38M
$11.70M
B+
10
$0.004376
+2.60%
0.00%
$76.19K
$3.08K
C
04

投资论点 · AI 综合

基于 WOOFUN AI 分析

看多论点 · 4

  • 板块市占率高,永续合约仍是加密交易最核心的高频需求之一。

  • 龙头具备交易量、流动性和产品迭代优势,容易形成资金集中效应。

  • 高性能链与DEX聚合入口叠加,提升用户留存和交易深度。

  • 当前板块热度不算极端,若市场风险偏好回升,弹性仍在。

看空论点 · 3

  • 近7日资金净流出,说明板块短线承压,反弹需要增量资金确认。

  • 龙头间估值与流动性分化明显,部分中小标的更容易被边缘化。

  • 永续赛道竞争激烈,产品同质化会压缩中长期超额收益。

AI 综合结论:板块仍属交易主线,但短线资金偏谨慎,宜优先配置龙头,等待资金回流再加仓。
05

情绪 & KOL 立场

看多占比 58%
AI 综合情绪(最近 7D)看多 58% · 中性 25% · 看空 17%
看多 58%中性 25%看空 17%

Cointelegraph · @Cointelegraph

@Cointelegraph · 2.9M 粉丝

看多

🔥 LATEST: Bitwise CIO Matt Hougan says crypto is entering a revenue-driven era, with protocols like Hyperliquid, Uniswap, and Aave funneling revenue into buybacks and burns. He argues token prices haven't caught up to that shift yet. https://t.co/YTj40dOvAb

63776

Cointelegraph · @Cointelegraph

@Cointelegraph · 2.9M 粉丝

看多

🔥 UPDATE: Hyperliquid has expanded HIP-1 with deployer-controlled scaleWei, enabling balance adjustments for token repricing. https://t.co/4RimNKI2Ha

31730

Crypto Rover · @cryptorover

@cryptorover · 1.6M 粉丝

看多

Which of these will happen first after the CLARITY Act passes? 🚀 $BTC: $150,000 $ETH: $8,000 $BNB: $1,000 $SOL: $500 $LINK: $80 $HYPE: $500 $XRP: $5 $DOGE: $1 In my opinion, all of these are easily achievable.

677174

Crypto Rover · @cryptorover

@cryptorover · 1.6M 粉丝

看空

5 years of pain for 0 months of glory. RIP Altcoin Holders.

13156

Lark Davis · @LarkDavis

@LarkDavis · 1.5M 粉丝

看多

Crypto valuations could double or more, says Bitwise CIO Matt Hougan. His reasoning: crypto is quietly turning into an actual revenue market. Hyperliquid, Uniswap, Aave, Pump. fun are all taking real protocol fees and using them to buy back and burn their own tokens. Hyperliquid alone did $169M in Q2 revenue and sent $141M of it straight into HYPE buybacks. Most investors still think crypto tokens don't earn anything. That was true for years, thanks to a regulatory climate that basically punished projects for sharing revenue. Under a friendlier SEC, that's flipped. If the money keeps flowing to token holders like this, Hougan thinks the market hasn't caught up yet, and that's the gap.

5821

The Crypto Dog 📈 · @TheCryptoDog

@TheCryptoDog · 858.7K 粉丝

看多

If you can't hold for months thru the ups and downs you will miss it. You won't be able to react fast enough when the time comes and these coins go to billions. The biggest winners of this cycle are already live, position yourself accordingly. This is the stealth launch cycle.

32467
06

关键事件时间线 · 板块兴起到当前

7 个节点
2025-06风险点

高杠杆与清算风险再受关注

在波动加剧阶段,永续板块再次暴露高杠杆、清算连锁和流动性分层问题,市场对风险管理更为谨慎。

2024-02生态扩张

L2与新公链带动增量流量

随着 Layer 2 和新公链交易环境改善,永续协议在更低成本环境中获得新的用户与流动性。

2023-03机构入场

机构级交易基础设施增强

更成熟的撮合、风控和流动性方案提升了专业交易者参与度,板块开始向机构化交易场景靠拢。

2022-09协议发布

链上订单簿与新架构落地

新一代永续协议陆续上线,围绕链上订单簿、资金效率和低滑点体验展开竞争。

2021-11估值修复

牛市带动板块估值上修

市场风险偏好上升,永续合约因高杠杆、高频交易属性获得更强关注,相关代币估值快速抬升。

2021-03生态扩张

多协议竞争加速

dYdX、Perpetual Protocol 等项目持续迭代,永续交易深度、做市机制和资产覆盖范围明显扩张。

2020-07板块兴起

永续合约叙事开始成形

去中心化永续合约开始被视为可替代现货杠杆交易的核心赛道,早期协议推动板块进入视野。

07

新闻动态

实时同步
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