自動化做市商（AMM），BNB生態系統硬幣和AI是本週觀看的前三名加密詩歌敘事

AMM面臨著一個具有挑戰性的一周，所有前七個硬幣都是紅色的，但是像Unichain的增長和在Solana的Dex空間中的競爭之類的潛在催化劑使它們具有重要意義。

Automated Market Makers (AMMs) had a challenging week, with all seven top seven coins showing red.

自動化的做市商（AMM）的一周充滿了挑戰，所有七個前七個硬幣均呈現紅色。

However, potential catalysts, such as Unichain’s growth and competition in Solana’s DEX space, keep AMMs relevant in the broader crypto narrative.

但是，潛在的催化劑，例如Unichain在Solana的Dex空間中的增長和競爭，使AMMS保持在更廣泛的加密敘事中。

The BNB ecosystem is gaining momentum with CZ’s renewed advocacy, an AI-focused roadmap, and surging activity on PancakeSwap. Meanwhile, the AI narrative is showing mixed signals. While the broader AI crypto market struggles, projects like Story (IP), CLANKER, FORT, and BNKR are capitalizing on niche use cases.

BNB生態系統正在通過CZ的新倡導，以AI為重點的路線圖以及對PancakesWap的活動激增。同時，AI敘述顯示出混合的信號。儘管更廣泛的AI加密市場掙扎，但Story（IP），Clanker，Fort和BNKR等項目正在利用利基用例。

Automated Market Makers (AMMs)

自動做市商（AMM）

This week, AMMs coins had a tough time, with all seven top seven coins showing red.

本週，AMMS硬幣經歷了艱難的時期，所有七個前七個硬幣均顯示出紅色。

Automated Market Makers are decentralized exchanges that enable users to trade digital assets without using a traditional order book. Instead, they rely on liquidity pools, where users can provide funds that facilitate trading and earn fees in return.

自動化的做市商是分散的交流，可使用戶在不使用傳統訂單書的情況下交易數字資產。相反，他們依靠流動性池，用戶可以提供促進交易並賺取費用的資金。

This model enhances liquidity and removes the need for centralized intermediaries, making AMMs a crucial part of decentralized finance (DeFi).

該模型增強了流動性並消除了對中央介質的需求，使AMM成為分散融資（DEFI）的關鍵部分。

Among the top AMMs, RAY is the biggest loser. Rumors about Pumpfun launching their own AMM solution could impact Raydium’s usage and fee generation, causing its price to fall almost 30% in just 24 hours.

在頂級AMM中，雷是最大的失敗者。關於PumpFun推出自己的AMM解決方案的謠言可能會影響Raydium的使用和收費的產生，從而導致其價格在24小時內降低了近30％。

Meanwhile, UNI and CAKE are both down 15%, as the market doesn’t seem excited about Uniswap’s new chain, Unichain. Additionally, CAKE is correcting after its recent surge alongside the rising BNB ecosystem.

同時，Uni和Cake都下跌了15％，因為市場似乎對Uniswap的新連鎖店Unichain並不感到興奮。此外，Cake最近在BNB生態系統上升後進行了糾正。

However, it’s worth noting that RAY still remains a dominant force in Solana, which could lead some users to question whether the recent drop isn’t an overreaction.

但是，值得注意的是，雷仍然是索拉納（Solana）的主導力量，這可能會導致一些用戶質疑最近的下降是否不是過度反應。

According to Chris Chung, founder of Solana decentralized exchange aggregator Titan, this development could ultimately be beneficial for the Solana ecosystem.

根據Solana分散交易所聚合泰坦的創始人Chris Chung的說法，這一發展最終可能對Solana生態系統有益。

Chung told BeInCrypto:

Chung告訴Beincrypto：

“The fact that pump.fun is developing its own automated market maker (AMM) is no surprise – it’s an obvious business move. They’ve created so much volume with meme coin trading that it was only a matter of time before they built infrastructure to take advantage of the fees. This creates competition for Jupiter and Meteora, but Raydium is the most affected, given meme coins make up the majority of the volume on Raydium.”

“ Pump.Fun正在開發自己的自動化做市商（AMM）這一事實並不奇怪 - 這是一個明顯的業務舉動。他們通過Meme Coin交易創造瞭如此多的交易，以至於他們建立基礎設施以利用費用只是時間問題。這會引起木星和流星的競爭，但雷迪姆是受影響最大的競爭，因為模因硬幣構成了雷迪恩的大部分。”

Moreover, Unichain is still in its early days, and a new altcoin season could boost its usage. Furthermore, the BNB ecosystem appears to have built good momentum in the last few weeks, which could set the stage for a CAKE price recovery.

此外，Unichain仍處於早期，新的Altcoin季節可以提高其使用情況。此外，BNB生態系統似乎在過去幾週內建立了良好的動力，這可能為蛋糕價格恢復奠定了基礎。

All that combined makes AMMs one of the most interesting crypto narratives for this week.

所有這些結合使AMM成為本週最有趣的加密敘事之一。

“Now that competition in the Solana DEX space is heating up, exchanges will likely start competing for token listings. Some expect this to lead to lower fees, but I believe we’re more likely to see other incentives, like revenue sharing, token allocations beyond liquidity pool fees, or advertising support. DEXs have large treasuries and we’re going to see them dipping into these to make their offering stand out,” Chung added.

“既然Solana Dex領域的競爭正在加熱，交流可能會開始爭奪令牌清單。有些人希望這會導致較低的費用，但我相信我們更有可能看到其他激勵措施，例如收入共享，超出流動性池費用的代幣分配或廣告支持。 DEX有大量的國庫券，我們將看到他們浸入其中以使他們的產品脫穎而出。” Chung補充說。

BNB Ecosystem Coins

BNB生態系統硬幣

Recently, BNB chain has been in the spotlight as CZ has increased his advocacy for the network. The chain also introduced an AI-focused roadmap and a new solution to make it easier for users to launch new coins.

最近，由於CZ增加了他對網絡的倡導，BNB連鎖店一直引起人們的關注。該連鎖店還引入了以AI為中心的路線圖和新解決方案，以使用戶更容易推出新硬幣。

These developments for the BNB chain also align with other crypto narratives, such as meme coins and artificial intelligence.

BNB鏈的這些發展也與其他加密敘事（例如模因硬幣和人工智能）保持一致。

On the BNB ecosystem, PancakeSwap, the largest decentralized exchange, experienced a surge in fees, jumping from $2 to $3 million in early January to consistently staying above $4 million and even reaching $18 million on some days since January 16.

在BNB生態系統上，最大的分散交易所Pancakeswap經歷了收費激增，一月初從2美元躍升至300萬美元，以自1月16日以來的某些日子一直保持在400萬美元以上，甚至達到1800萬美元。

This growth reflects increased activity and interest in the BNB chain.

這種增長反映了對BNB鏈的活動和興趣的增加。

The chain has also seen the rise of trending meme coins, such as BROCCOLI, inspired by CZ’s dog, and TST, which has become one of the biggest native meme coins on the BNB chain.

該連鎖店還看到了受到CZ的狗和TST的啟發的趨勢模因硬幣的興起，這些硬幣已經成為BNB鏈上最大的本地模因硬幣之一。

If this momentum continues, it could attract more builders and new coins to the chain, benefiting existing products and altcoins within the ecosystem.

如果這種勢頭繼續下去，它可能會吸引更多的建築商和新硬幣進入鏈條，從而使生態系統中的現有產品和山寨幣受益。

Artificial Intelligence

人工智慧

Although several AI coins are struggling, with RENDER, FET, and VIRTUAL all registering double-digit losses in the last seven days, some specific segments are managing to rise despite the overall narrative correction.

儘管在過去的七天中，有幾枚AI硬幣陷入困境，渲染，FET和虛擬都在呈現兩位數的損失，但儘管進行了整​​體敘述校正，但一些具體的細分市場仍在設法上升。

Story (IP) is a standout performer, up roughly 120% in the last week and becoming one of the most trending altcoins, quickly reaching a $1 billion market cap. Similarly, CLANKER, one of Base’s biggest coin launchpads, is up 111%, reaching its highest price levels since early January 2025.

Story（IP）是一位出色的表演者，在上週上漲了約120％，並成為最流行的Altcoins之一，迅速達到了10億美元的市值。同樣，Clanker是Base最大的硬幣發射台之一，上漲了111％，自2025年1月初以來達到了最高的價格水平。

FORT is up 49%, leveraging on its security crypto firewall following the Bybit hack. BNKR has also gained 43%, capitalizing on the narrative around crypto AI agents and crypto companions.

在Bybit Hack之後，Fort上漲了49％，利用其安全加密防火牆。 BNKR也獲得了43％的獎勵，利用了有關加密AI代理商和加密貨幣同伴的敘述。