当我们谈论 Web3 时，究竟在谈论什么？是 "元宇宙" 的虚拟狂欢，是加密的财富神话，还是被过度炒作的技术概念？2025 年，随着以太坊 ETHGas 机制落 地、传统金融巨头密集布局、全球 DAO 管理资产突破 500 亿美元，Web3 已从实验室走向现实应用，成为重塑互联网规则的核心力量。 不同于 Web1 的 "只读互联网" 和 Web2 的 "平台垄断互联网"，Web3 的本质是 "用户主权互联网"—— 它通过区块链、加密经济学、智能合约等技术，让用 户重新掌握数据所有权与价值分配权，构建一个 "代码即规则、价值可流转" 的去中心化生态。本文将穿透概念迷雾，从技术底层、核心特征、生态应用到 未来挑战，带你全面读懂 Web3 的核心逻辑。 区块链是 Web3 的 "骨架"，其核心价值在于 "无需第三方信任的共识机制"。与 Web2 的中心化服务器不同，区块链将数据存储在全球无数个节点上，每一笔 交易都通过加密算法验证，并被永久记录在不可篡改的区块中。这种架构从根本上解决了 Web2 的 "信任危机"—— 用户无需相信平台，只需相信数学算法 与共识规则。 一、Web3 的技术基石：不止是区块链，更是信任 ...

👀✍️Hasu⚡️🤖 (@hasufl):@GeorgeYourself Lido has no equity-token mismatch and never had:- DAO controls all revenue + treasury, from which pool maintainer cos are paid- all maintainer cos are non-profit foundations and their boards are in addition legally controlled by token vote- IP/frontends belong to DAO as well ...

RT MetaDAO (@MetaDAOProject)Just launch your business on @solana instead. https://t.co/hAevWvPrtK ...

Aave founder charts 'master plan' to trillion-dollar scale as DAO tensions mount, SEC ends 4-year probe https://t.co/5KBAGqCtKj ...

AAVE token holder proposes 'poison pill' for DAO to absorb Aave Labs amid contentious revenue debate https://t.co/yOfPkRJPvs ...

aave labs diverts $200k weekly from cow swap fees plus undisclosed horizon rwa revenues from the dao treasury. token trades 21x earnings but actual p/e is 63-81x after accounting for labs revenue capture. $2.85b market cap prices dao control that doesn't exist. stani buying $10m worth doesn't change the math ...

⚡️ NEW: Aave DAO members clash with Aave Labs over CoW Swap fees, questioning why revenue is going to the company instead of the DAO treasury. https://t.co/W00QVn9uK0 ...

DAOs are retarded because they misunderstand democracythe point of democracy and boards of directors is not to lead or make decisions, it is to keep the leader accountablethey are a fallback in case of failurebut DAOs make them the norm in case of successretardio ...

Dash is a fully-decentralized DAO. Anyone can work for it, they just need to get a budget proposal approved by the network.We have many separate teams working together across continents. When they meet in person, it's like reuniting with long-lost family. 💙Web3Daria (@DariaChernozub):Met @bfoss765 at #GlobalBlockchainShowTalked about the real priority rn: getting partners + builders to ship on #Dash Platform and give solid feedbackPS: nothing beats meeting the ppl actually building @DashPay at Dash Core Gro ...

RT Naga Avan-Nomayo (@JeSuisNaga)The Aave community is in open debate after a delegate showed that @CoWSwap partner fees no longer flow to the DAO treasury.@Marczeller / @AaveChan called it “extremely concerning” and warns of “stealth privatization” of revenue via vaults, Horizon & v4.@StaniKulechov said it's “perfectly fine for Aave Labs to monetize its products."Full breakdown on The Block ↓ ...