权益证明 板块
综合强度 7.8实时INFRA · L1
权益证明(PoS)是一种区块链共识机制,在该机制中,验证者根据他们持有的加密货币的数量以及愿意作为抵押品进行质押的金额被选择来创建新块。
板块表现 · 与大盘对比
板块指数(基期:2024-10-01 = 100)
81.07+30.67% (30D)
同期 BTC 涨幅
+21.72% · 跑赢 9.0pp
加载中...
龙头分析 · Top 3 深度

Ethereum
ETH · 基础设施 · Layer1 · 板块占比 55.6%
$2,493.03+0.06% · 24H
市值$304.22B
FDV$304.22B
换手率0%
板块占比55.6%
为什么领先:以太坊是PoS赛道的绝对核心,拥有最大市值、最强开发者生态和最广泛的质押基础,兼具结算层与资产发行平台属性,龙头地位最稳固。
BNB
BNB · CeFi · CEX · 板块占比 18.0%
$740.86-0.89% · 24H
市值$98.66B
FDV$98.66B
换手率0%
板块占比18.0%
为什么领先:BNB依托头部交易所生态形成强需求闭环,质押、手续费折扣与链上应用共同支撑其PoS叙事,在资金效率和用户覆盖上具备独特优势。

Solana
SOL · 基础设施 · Layer1 · 板块占比 11.2%
$104.06-1.85% · 24H
市值$61.01B
FDV$61.01B
换手率0%
板块占比11.2%
为什么领先:Solana凭借高性能和活跃应用生态成为高成长PoS代表,链上交易与应用活跃度高,适合承接风险偏好资金,是弹性最强的龙头之一。
板块成分代币
| # | 代币 | 评级 | |||||
|---|---|---|---|---|---|---|---|
1 | $0.007151 | +43.56% | 0.00% | $1.01M | $1.43 | B | |
2 | $0.02702 | +37.78% | 0.00% | $7.57M | $11.91K | B | |
3 | $0.0009389 | +28.98% | -1.50% | $33.03M | $4.41M | B+ | |
4 | $1.09 | +13.20% | -6.92% | $1.85B | $22.17M | A | |
5 | $5.78 | +12.36% | +8.63% | $584.43M | $15.12M | B+ | |
6 | $0.0003971 | +11.57% | 0.00% | $5.51M | $131.04K | B | |
7 | $0.0005955 | +11.37% | -1.00% | $5.37M | $178.40K | B | |
8 | $0.4315 | +9.24% | -12.61% | $417.24M | $15.14M | B | |
9 | $0.0001867 | +9.19% | 0.00% | $269.16K | $838.55 | C | |
10 | $0.0004961 | +8.64% | 0.00% | $3.23M | $701.86K | B+ |
投资论点 · AI 综合
看多论点 · 4
PoS板块市值占比高,仍是公链资金配置的主战场。
ETH、BNB、SOL三大龙头覆盖安全性、交易生态和高性能叙事。
质押收益与链上应用结合,长期具备稳定资金沉淀能力。
若市场风险偏好回升,PoS龙头通常率先受益。
看空论点 · 3
板块近7日资金净流出,短线情绪偏弱。
整体涨跌动能回落,说明资金更偏防守。
龙头估值与共识较强,但也意味着上涨需要更强增量资金。
情绪 & KOL 立场
AI 综合情绪(最近 7D)看多 72% · 中性 12% · 看空 16%
看多 72%中性 12%看空 16%
vitalik.eth · @VitalikButerin
@VitalikButerin · 6.0M 粉丝
A lot of important progress on Frames (EIP-8141) has been quietly happening over the last few months. Highly recommend reading this, also the updated EIP https://t.co/jYqeS55j6P https://t.co/CPYONKnWZc
vitalik.eth · @VitalikButerin
@VitalikButerin · 6.0M 粉丝
One optimistic and still very-non-consensus belief I have about the far future of cryptography: I think that there is a 33% chance that, for average real-world computation, there exist ways to implement all three of what I call the Egyptian God Protocols (SNARK, FHE, iO) with 1+ε factor overhead (meaning, for large enough instances, the added overhead of cryptographizing a computation becomes arbitrarily small compared to the base cost of doing the computation itself) And a 60% chance that all three can be done with single-digit overhead (ie. <10x, measured in total cost of energy plus amortized compute) I think there's a good chance we'll get one of these (probably SNARKs with single-digit overhead) by the end of this decade. After all, we're already there for specialized hash functions and for some LLM inference.
vitalik.eth · @VitalikButerin
@VitalikButerin · 6.0M 粉丝
One positive consequence of all the recent detailed thinking about transaction formats - not just 8141, also "future of state" discussions eg. UTXOs, PBT, keyed nonces, and also recursive STARK mempool - is that we have a much more explicit understanding of how transactions have "actions" and "dependencies", and we can engineer around optimizing the two separately. An action is an effect that a transaction has. A dependency is a fact about the transaction and/or the state that must be true for the transaction to be valid. eg. a signature is a dependency, a Merkle proof of a UTXO is a dependency, a ZK-SNARK (or STARK) is a dependency, a call that sends ETH is an action Dependencies can be processed in parallel. Dependencies that involve state can be reasoned about by a mempool, especially if the specific state accessed is statically declared. Dependencies that are pure (no state calling allowed) can be processed once at the mempool layer and never need to be processed again - and potentially even replaced with a STARK verifying them, allowing not just execution but also data to be elided. In principle, dependencies and actions can all be expressed as calls (if needed, calls to precompiles). This would make the transaction format itself very bare-bones and minimalist (a list of calls, flags for the type of each call eg. dependencies would be static or pure calls, and origin, nonce, etc) and allows maximum cross-compatibility even if different EVM chains have different features. In 2015-era Ethereum, thinking explicitly about these differences was not very important: execution was execution, there were few enough transactions that we could process them all serially, and single-key ECDSA accounts were good enough for everyone. Ethereum's current scaling strategy, however, requires moving beyond that paradigm. Ethereum is beloved by many developers because the execution and state model is so dynamic and flexible. But dynamic and flexible is not friendly to scaling. Fortunately, >90% of Ethereum's activity by volume does not require anything dynamic and flexible. So, we require contracts, accounts and transactions to more explicitly specify what is dynamic and flexible and what is more statically-analyzable but more restrictive, and more statically-analyzable things get the lowest gas cost and thus scale the most. Effectively, learning from the best of both the 2015-era Ethereum model and a more Bitcoin-like model (reminder: Bitcoin has had what I call account abstraction since the beginning), and making a mixture of both (really, the full spectrum between both) available, with gas costs appropriate for the level of scale involved. New state types, the recursive STARK mempool, keyed nonces, etc all go in this direction. This all relates to transaction types, because a general-purpose transaction type is a very natural interface layer on top of which all of this can be implemented, and the current thinking around the EIP-8141 transaction type is going in this exact direction that is friendly to these kinds of future generalizations. So in that sense, 8141 done well is not just a culmination of 10 years of account abstraction work, it's also preparation for the next few years of responsible decentralization-friendly hyper-scaling.
vitalik.eth · @VitalikButerin
@VitalikButerin · 6.0M 粉丝
Many years of hard work went into the Poseidon family of hashes, and they have provided great real-world value on Ethereum and elsewhere and will continue to do so for several years. They are the reason why it's fast to generate a client-side SNARK for a modern privacy-protocol. The fact that we have ultra-fast general-purpose STARKs (mid-three-digit overhead for basically any batched computation) and may well soon drop to double-digit or even lower is more amazing than anything that we had been hoping for in the early 2020s. Big congratulations to all involved in Poseidon, and all involved in STARKs. https://t.co/cdERDYkj6n
H.E. Justin Sun 👨🚀 🌞 · @justinsuntron
@justinsuntron · 4.0M 粉丝
波场抗量子路线图公布!
CoinDesk · @CoinDesk
@CoinDesk · 3.8M 粉丝
“It's a very creative way for Hyperliquid to move onshore.” @ChainlinkLabs’ @kkirkbos explains how Kraken’s Bitnomial licenses could give Hyperliquid a path into U.S. markets without traders accessing the protocol. Thank you to @realfi_co for being a sponsor of the CoinDesk Media Network.
关键事件时间线 · 板块兴起到当前
2026-08生态扩张
PoS进入成熟配置阶段
当前PoS已从单一共识叙事演变为涵盖质押、再质押、验证者服务和收益管理的成熟板块,资金流更偏向头部资产。
2024-02估值修复
质押赛道重获资金偏好
在收益型叙事回暖和链上活动改善带动下,PoS相关代币与基础设施估值出现修复,市场情绪转强。
2023-04风险点
监管与集中化担忧上升
部分质押服务面临监管审视,市场开始重新评估验证者集中度、流动性锁定和协议治理风险。
2022-09机构入场
合并后机构关注升温
以太坊完成合并后,PoS的能耗与收益特征更受机构关注,质押托管和合规服务成为新看点。
2021-05生态扩张
质押基础设施快速扩张
流动性质押、验证者服务和跨链质押方案加速出现,PoS参与门槛下降,资金开始向收益型资产轮动。
2020-12协议发布
以太坊2.0启动质押
以太坊质押机制正式开启,PoS从概念叙事转向主流基础设施预期,带动验证者和质押服务需求。
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