月之暗面（Kimi）半年多估值涨超10倍，K2.5后融资开始踩着模型发

【月之暗面（Kimi）半年多估值涨超10倍，K2.5后融资开始踩着模型发】7月29日消息，月之暗面完成F轮融资，金额超过35亿美元，投后估值达到350亿美元。这轮融资原计划最多募集20亿美元，估值约300亿美元，最终金额和估值都超过目标。公司已经开始启动Pre-IPO轮，投前估值达到500亿美元。去年12月底，月之暗面完成5亿美元融资，投后估值为43亿美元。若下一轮顺利完成，半年多时间里，公司估值将达到当时的11.6倍。这轮估值上涨从K2.5后明显加速。K2.5于1月底发布，随后完成超过7亿美元D轮融资；K2.6于4月发布，E轮20亿美元融资将估值推过200亿美元；K2.7Code于6月12日发布，同月F轮启动；K3于7月16日上线，F轮最终超额完成，估值升至350亿美元。从K2.5开始，月之暗面几乎每发布一代模型，就紧接着启动或完成一轮融资。模型升级也成了投资人重新给公司定价的直接筹码。(2026-07-29 18:33:42)

排名	#	交易平台	24H成交额	成交涨跌幅	活跃度
1	OKX 欧易OKX	$182.23亿	-11.24%	86.7%	86.7%
2	HTX 火币huobi	$25.69亿	0.44%	68.6%	68.6%
3	Binance 币安网	$410.69亿	-8.11%	85.4%	85.4%
4	Coinbase Coinbase	$9.24亿	-15.58%	69.3%	69.3%
5	Bybit Bybit	$111.24亿	-6.88%	65.3%	65.3%
6	Crypto.com Crypto.com	$12.61亿	-8.49%	53.3%	53.3%
7	Bitfinex Bitfinex	$2.07亿	19.38%	65.3%	65.3%
8	Kraken K网(Kraken)	$7.38亿	-8.72%	68.4%	68.4%
9	Upbit Upbit	$2.89亿	-21.23%	56.9%	56.9%
10	Bitget Bitget	$73.58亿	0.5%	71.1%	71.1%
11	Deribit Deribit	$4.36亿	5.26%	36.2%	36.2%
12	Gemini 双子星（Gemini）	$3,035.75万	-18.01%	59.5%	59.5%
13	BiKing 币王	$214.09亿	-0.42%	31%	31%
14	MEXC MEXC	$110.91亿	1.3%	76.2%	76.2%
15	Bithumb Bithumb	$1.41亿	-9.36%	66.9%	66.9%
16	gate.io 大门	$106.07亿	-12.67%	55.2%	55.2%
17	BitTap 币泰	$11.81亿	-6.32%	26%	26%
18	Hyperliquid Hyperliquid	$16.61亿	26.15%	46.9%	46.9%
19	Uniswap v3 (Base) Uniswap v3 (Base)	$1.10亿	-10.52%	31.5%	31.5%
20	bitFlyer bitFlyer	$1,707.68万	-21.57%	58.2%	58.2%

排名	#	币种	最新价	24H最高	24H最低	24H量	流通市值	24H涨跌幅
1	BTC 比特币	$ 62578.2	$6.31万	$6.23万	$1.57亿	$1.25兆	-0.67%	-0.67%
2	ETH 以太坊	$ 1833.74	$1,875.49	$1,822.05	$8,957.06万	$2,213.21亿	-1.72%	-1.72%
3	XRP 瑞波币	$ 1.0541	$1.07	$1.05	$881.43万	$642.13亿	-0.92%	-0.92%
4	BNB 币安币	$ 575.1	$592.80	$573.60	$1,596.72万	$784.21亿	-2.16%	-2.16%
5	USDC USD Coin	$ 1.0008	$1.00	$1.00	$1,832.68万	$707.71亿	0%	0%
6	SOL Solana	$ 71.44	$73.21	$70.59	$2,905.00万	$404.74亿	-2.16%	-2.16%
7	TRX 波场	$ 0.3273	$0.33	$0.33	$201.43万	$310.01亿	0.36%	0.36%
8	DOGE 狗狗币	$ 0.06853	$0.07	$0.07	$753.41万	$115.28亿	-1.69%	-1.69%
9	BCH 比特现金	$ 206.8	$212.49	$205.81	$13.54万	$41.31亿	-0.88%	-0.88%
10	HYPE Hyperliquid	$ 51.94	$52.96	$51.51	$1,217.23万	$176.26亿	-1.81%	-1.81%
11	ADA 艾达币	$ 0.17234	$0.18	$0.17	$795.98万	$61.96亿	1.83%	1.83%
12	WBTC Wrapped Bitcoin	$ 62504.6	$6.32万	$6.24万	$9,482.45	$80.58亿	-0.6%	-0.6%
13	LEO UNUS SED LEO	$ 9.759	$9.81	$9.64	$436.01	$89.95亿	0.66%	0.66%
14	LINK ChainLink	$ 8.011	$8.25	$7.89	$15.61万	$54.32亿	-1.89%	-1.89%
15	XLM 恒星币	$ 0.16963	$0.17	$0.17	$20.88万	$54.98亿	-1.69%	-1.69%
16	LTC 莱特币	$ 43.97	$44.84	$43.62	$212.69万	$33.73亿	-1.83%	-1.83%
17	HBAR Hedera Hashgraph	$ 0.06908	$0.07	$0.07	$26.90万	$29.56亿	1.18%	1.18%
18	ZEC 大零币	$ 461.61	$473.64	$453.56	$291.25万	$76.06亿	0.72%	0.72%
19	AVAX Avalanche	$ 6.132	$6.45	$6.04	$68.25万	$26.38亿	-4.56%	-4.56%
20	SHIB Shiba Inu	$ 0.000004827	$0.00	$0.00	$358.13万	$28.44亿	2.2%	2.2%
21	SUI Sui	$ 0.6718	$0.69	$0.66	$154.66万	$25.48亿	-1.52%	-1.52%
22	CRO Cronos	$ 0.05423	$0.06	$0.05	$4.61万	$20.93亿	-0.05%	-0.05%
23	WLFI worldlibertyfinancial-education	$ 0.05455	$0.06	$0.05	$26.55万	$14.59亿	-0.94%	-0.94%
24	UNI Uniswap	$ 4.049	$4.38	$4.02	$493.95万	$25.72亿	-5.83%	-5.83%
25	DOT 波卡币	$ 0.7697	$0.79	$0.76	$23.76万	$12.72亿	0.91%	0.91%
26	MNT Mantle	$ 0.394	$0.40	$0.39	$6.64万	$12.82亿	0.71%	0.71%
27	PAXG PAX Gold	$ 4047.67	$4,052.73	$4,038.80	$37.65万	$15.42亿	-0.05%	-0.05%
28	ASTER Aster	$ 0.6003	$0.60	$0.60	$9.93万	$14.98亿	-0.14%	-0.14%
29	AAVE Aave	$ 89.31	$95.85	$89.23	$772.17万	$13.68亿	-6.76%	-6.76%
30	HTX HTX	$ 0.0000017842	$0.00	$0.00	$1,096.13	$17.84亿	-0.03%	-0.03%
31	TAO Bittensor	$ 190.65	$199.73	$189.60	$181.41万	$20.15亿	-1.71%	-1.71%
32	OKB OK币	$ 86.16	$86.51	$85.58	$10.60万	$18.09亿	-0.04%	-0.04%
33	PEPE Pepe	$ 0.000002752	$0.00	$0.00	$355.14万	$11.58亿	-0.28%	-0.28%
34	ETC 以太经典	$ 6.464	$6.74	$6.41	$17.08万	$10.02亿	-2.13%	-2.13%
35	NEAR NEAR Protocol	$ 1.656	$1.69	$1.65	$281.72万	$21.27亿	-1.36%	-1.36%
36	ICP Internet Computer(Dfinity)	$ 2.011	$2.09	$2.00	$16.17万	$10.98亿	-2.7%	-2.7%
37	PI Pi Network	$ 0.08552	$0.09	$0.08	$153.15万	$7.17亿	3.88%	3.88%
38	WLD Worldcoin	$ 0.3002	$0.31	$0.30	$423.61万	$8.12亿	0.06%	0.06%
39	ATOM 阿童木	$ 1.218	$1.24	$1.21	$3.96万	$5.93亿	-0.73%	-0.73%
40	FDUSD First Digital USD	$ 0.9979	$1.00	$1.00	$2,244.83万	$9.81亿	0.01%	0.01%
41	ENA Ethena	$ 0.07945	$0.08	$0.08	$525.58万	$6.32亿	-1.31%	-1.31%
42	USDD USDD	$ 0.9985	$1.00	$1.00	$2,007.97	$8.54亿	0%	0%
43	KAS Kaspa	$ 0.02665	$0.03	$0.03	$54.12万	$7.22亿	-2.34%	-2.34%
44	QNT Quant	$ 60.99	$62.99	$59.99	$1.68万	$7.36亿	1.36%	1.36%
45	ALGO Algorand	$ 0.07883	$0.08	$0.08	$3.83万	$6.97亿	0.68%	0.68%
46	FLR Flare	$ 0.006174	$0.01	$0.01	$6.57万	$5.10亿	-1.7%	-1.7%
47	XDC XDC Network	$ 0.02592	$0.03	$0.03	$13.46万	$4.95亿	-0.68%	-0.68%
48	APT Aptos	$ 0.5473	$0.56	$0.54	$13.83万	$4.11亿	-2.54%	-2.54%

月之暗面（Kimi）半年多估值涨超10倍，K2.5后融资开始踩着模型发

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