Solana上的加密生態系統正在經歷前所未有的競爭

Raydium是一個分散交流的巨人，揭開了一個代幣的創建平台，旨在應對泵的快速上升。

The crypto ecosystem on Solana is heating up as we observe an unprecedented rivalry between two major players: Raydium and Pump.fun. Both platforms are rolling out new features in a bid to capture the speculative energy of DeFi.

當我們觀察到兩個主要參與者之間的前所未有的競爭：Raydium和Pump.Fun之間，Solana上的加密生態系統正在加熱。這兩個平台都在推出新功能，以捕獲Defi的投機能量。

As a giant in decentralized exchanges, Raydium has just unveiled LaunchLab, a token creation platform designed to counter the rapid rise of Pump.fun. The new tool is already showing promising results with an 8% surge in RAY's value and a 680 million dollar market capitalization.

作為分散交流的巨人，Raydium剛剛揭開了一個旨在應對泵的快速上升的代幣創建平台。新工具已經顯示出令人鼓舞的結果，雷的價值增長了8％和6.8億美元的市值。

The battle for crypto supremacy on Solana

在Solana上爭取加密至高無上的戰鬥

Raydium is striking back with its new LaunchLab platform. The platform allows launching cryptos directly integrated into its liquidity pools, a key advantage to attract creators. But the true breakthrough lies in its economic model: 25% of transaction fees are used to buy back the RAY crypto, Raydium's native token. A deflationary mechanism that immediately boosted its value by 8%, raising its market capitalization to 680 million dollars.

Raydium正在使用其新的LaunchLab平台進行回擊。該平台允許啟動加密貨幣直接集成到其流動性池中，這是吸引創建者的關鍵優勢。但是真正的突破在於其經濟模式：25％的交易費用用於回購Raydium的原始代幣Ray Crypto。一種通縮機制，立即將其價值提高了8％，將其市值提高到了6.8億美元。

This move comes in response to the March launch of PumpSwap, a DEX by Pump.fun, breaking its historical partnership with Raydium. The result? Explosive crypto transaction volume with 31.7 billion dollars in a few weeks. A performance that clearly spurred Raydium, now determined to reclaim its territory.

此舉是為了響應泵。結果？爆炸性加密交易量，幾週內為317億美元。這項表演明顯刺激了Raydium，現在決定收回其領土。

The numbers tell the story. While volume on Raydium jumped by 187% following the announcement of LaunchLab, Pump.fun continues to dominate the memecoin segment with 95% of its activity dedicated to this category versus 20% for Raydium.

數字講述了這個故事。雖然Raydium的數量在發布LaunchLab宣布後增長了187％，但Pump.Fun繼續在Memecoin細分市場中佔據主導地位，其活動的95％用於該類別，而Raydium的活動為20％。

However, Raydium relies on a master asset: its mature infrastructure. By natively integrating tokens into its pools, it offers instant liquidity — a strong argument against the technical delays of PumpSwap.

但是，Raydium依靠主要資產：其成熟的基礎設施。通過將令牌本地整合到其池中，它提供了即時的流動性，這是針對泵送的技術延遲的強烈論點。

End of a symbiosis, birth of a cold war

共生的結束，冷戰的誕生

Until now, Raydium and Pump.fun maintained a symbiotic relationship. Cryptos created on Pump.fun automatically migrated to Raydium once their capitalization exceeded $69,000. A mechanism that fueled the volume of both platforms. But the arrival of PumpSwap broke this dynamic, pushing Raydium to rethink its strategy.

到目前為止，Raydium and Pump.Fun保持了共生關係。一旦資本超過69,000美元，在Pump.Fun上創建的加密貨幣將自動遷移到Raydium。一種助長了這兩個平台體積的機制。但是，泵種的到來打破了這種動態，推動了Raydium重新考慮其策略。

Moreover, LaunchLab does not just replicate Pump.fun. It introduces strategic nuances, such as the possibility for developers to set custom transaction fees.

此外，launchlab不僅複製泵。它引入了戰略差異，例如開發人員設定自定義交易費用的可能性。

A flexibility that could attract projects looking to monetize their community. Above all, Raydium bets on the network effect: by channeling part of the revenue toward buying back the RAY crypto, it strengthens the commitment of its holders, creating a virtuous circle.

靈活性，可以吸引希望使社區獲利的項目。最重要的是，Raydium對網絡效應的押注：通過將部分收入轉移到回購Ray Crypto中，它可以增強其持有人的承諾，從而創造出良性的圈子。

This rivalry crystallizes the tensions of a Solana ecosystem in full mutation. While users oscillate between loyalty and opportunism, both platforms must innovate to survive.

這種競爭使Solana生態系統的緊張局勢完全突變。當用戶在忠誠度和機會主義之間振盪時，兩個平台都必須創新才能生存。

Pump.fun thus plans to launch its own crypto, a risky but necessary step to consolidate its independence. Raydium, meanwhile, plays the experience card — its status as Solana's most liquid DEX remains a powerful marketing argument. There remains, however, a question: will this frantic race lead to sustainable growth or yet another speculative bubble? Awaiting the answer the upcoming months will provide, Binance hit hard with a record burn.

因此，Fump.Fun計劃推出自己的加密貨幣，這是鞏固其獨立性的冒險但必要的步驟。同時，Raydium扮演體驗卡 - 其作為Solana最液體DEX的地位仍然是一個有力的營銷論點。但是，仍然存在一個問題：這場瘋狂的種族會導致可持續增長還是另一個投機性泡沫？等待接下來幾個月的答案將提供的答案，binance遭受了創紀錄的燃燒。

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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

自2017年以來，Evariste著迷於比特幣，不斷研究該主題。儘管他最初的興趣是交易，但他現在積極尋求了解以加密貨幣為中心的所有進步。作為一名編輯，他努力始終如一地提供反映整個行業狀態的高質量工作。