In the evolving landscape of digital finance, the transition from centralized to decentralized trust mechanisms, primarily driven by blockchain technology, plays a critical role in shaping the cryptocurrency ecosystem. This paradigm shift raises questions about the traditional reliance on centralized trust and introduces a novel, decentralized trust framework built upon distributed networks. Our research delves into the consequences of this shift, particularly focusing on how incidents influence trust within cryptocurrency markets, thereby affecting trade behaviors in centralized (CEXs) and decentralized exchanges (DEXs). We conduct a comprehensive analysis of various events, assessing their effects on market dynamics, including token valuation and trading volumes in both CEXs and DEXs. Our findings highlight the pivotal role of trust in directing user preferences and the fluidity of trust transfer between centralized and decentralized platforms. Despite certain anomalies, the results largely align with our initial hypotheses, revealing the intricate nature of user trust in cryptocurrency markets. This study contributes significantly to interdisciplinary research, bridging distributed systems, behavioral finance, and Decentralized Finance (DeFi). It offers valuable insights for the distributed computing community, particularly in understanding and applying distributed trust mechanisms in digital economies, paving the way for future research that could further explore the socio-economic dimensions and leverage blockchain data in this dynamic domain.

翻译：在数字金融不断演变的格局中，以区块链技术为核心驱动的从中心化信任机制向去中心化信任机制的转变，在塑造加密货币生态系统中扮演着关键角色。这一范式转变对传统依赖中心化信任的模式提出了质疑，并引入了一种基于分布式网络的新型去中心化信任框架。本研究深入探讨了这一转变的后果，特别关注事件如何影响加密货币市场内部的信任，进而影响中心化交易所（CEXs）与去中心化交易所（DEXs）的交易行为。我们针对各类事件进行了全面分析，评估其对市场动态的影响，包括CEXs和DEXs中的代币估值与交易量。研究结果凸显了信任在引导用户偏好方面的关键作用，以及信任在中心化与去中心化平台之间转移的流动性。尽管存在某些异常现象，但结果总体上与我们的初始假设高度吻合，揭示了加密货币市场中用户信任的错综复杂本质。本研究对交叉学科研究具有重要意义，桥接了分布式系统、行为金融学与去中心化金融（DeFi）领域。它为分布式计算社区提供了宝贵见解，特别是在理解与应用数字经济中的分布式信任机制方面，为未来进一步探索社会经济学维度以及利用该动态领域中的区块链数据铺平了道路。