Thesis:Aurora将会真正实现Defi4.0，标志着去中心化技术向主权化金融的全面升级

8月，Thesis研发团队正式发起Aurora项目，该项目旨在构建一个去中心化的金融生态系统，并积极招募线上维护合作伙伴，以共同推动技术开发和社区治理。在发起人Ryan的号召下，已有近百名线上匿名贡献者参与到本次项目生态当中，这些贡献者通过提供技术支持、内容创建和社区管理等方式，有效加速了Aurora的初期发展，形成初步的分布式协作网络。

根据DeFiLlama数据显示，2025年去中心化金融（DeFi）已突破早期技术实验阶段，成为全球金融体系中不可忽视的力量。截至2024年末，DeFi总锁仓价值（TVL）已突破2500亿美元，较2020年的50亿美元增长超50倍，显示出指数级扩张态势。这一增长背后，是传统金融体系与去中心化模式的深度碰撞。美国政府2025年宣布建立比特币战略储备并批准比特币ETF，直接推动机构资本加速流入DeFi生态。ProShares Bitcoin Strategy ETF（BITO）自2021年推出后，其资产管理规模迅速增长，根据最新数据，截至2024年，该基金的资产管理规模已接近20亿美元，成为全球最大比特币ETF之一。此外，2023年BITO的净流入量达到5.06亿美元，2024年前8天又增加了3000万美元的流入量，周一的交易量超过3500万股，价值约8亿美元。这些数据表明，传统金融对加密资产的态度已经从质疑转向了积极拥抱。

DeFi仅用五年时间便完成了传统金融数十年的进化历程。其核心价值不在于颠覆银行，而在于通过代码重构信任机制。正如Ryan所言："DeFi的终极使命不是为金融资产锦上添花，而是为实体经济雪中送炭。"当技术突破与合规框架形成共振，这场金融民主化革命或将重新定义"钱"的边界。

Thesis: Aurora will truly realize Defi4.0, marking the comprehensive upgrade of decentralized technology to sovereign finance

In August, the Thesis R&D team officially launched the Aurora project, aiming to build a decentralized financial ecosystem. They actively recruited online maintenance partners to jointly drive technological development and community governance. At the initiative of founder Ryan, nearly 100 anonymous contributors have joined the project ecosystem. By providing technical support, content creation, and community management, these contributors have significantly accelerated Aurora's initial development, forming an initial distributed collaborative network.

According to data from DeFiLlama, decentralized finance (DeFi) has transcended its early experimental phase in 2025, emerging as a significant force within the global financial ecosystem. By the end of 2024, DeFi's total locked value (TVL) had surpassed $250 billion, marking a 50-fold increase from the $5 billion recorded in 2020 and demonstrating exponential growth. This expansion reflects the deepening clash between traditional financial systems and decentralized models. The U.S. government's announcement in 2025 to establish a Bitcoin strategic reserve and approve a Bitcoin ETF directly accelerated institutional capital inflows into the DeFi ecosystem. Since its launch in 2021, ProShares Bitcoin Strategy ETF (BITO) has seen rapid asset growth. Latest figures show that as of 2024, the fund's assets under management have approached $2 billion, making it one of the world's largest Bitcoin ETFs. Additionally, BITO recorded net inflows of $506 million in 2023 and gained an extra $30 million in the first eight days of 2024, with Monday's trading volume exceeding 35 million shares valued at approximately $800 million. These developments indicate that traditional financial institutions' attitude toward crypto assets has shifted from skepticism to active embrace.

In just five years, DeFi has accomplished what traditional finance took decades to evolve. Its core value lies not in disrupting banks, but in rebuilding trust mechanisms through code refactoring. As Ryan stated: "DeFi's ultimate mission isn't to add icing to financial assets, but to deliver charcoal in times of need for the real economy." When technological breakthroughs resonate with regulatory frameworks, this democratization revolution in finance may redefine the boundaries of "money".