以太坊恢復了區塊鏈排名中的頭把交椅

2025年3月標誌著Defi生態系統中一個重要的轉折點：以太坊重新獲得區塊鏈排名

March 2025 marks an important turning point in the DeFi ecosystem: Ethereum regains the top spot in the blockchain ranking in terms of trading volume on DEXs, surpassing Solana for the first time since September 2024. A turnaround that occurs in a pressured market, with a notable decline in activity on Solana, particularly on its flagship platforms.

2025年3月標誌著Defi生態系統中的一個重要轉折點：以太坊在DEX的交易量中重新獲得了區塊鏈排名中的排名，自2024年9月以來，這是第一次超過Solana。在索爾納（Solana）的活動中，其旗艦平台上的活動卻顯著下降，尤其是在壓力的市場中發生的轉變。

Ethereum regains the first place in DEX volume

以太坊恢復了DEX量的第一名

In March 2025, Ethereum recorded a DEX trading volume of $63 billion, compared to $51 billion for Solana. Just a few months ago, it was Solana that was leading the dance thanks to its speed and low fees. But this time, the performance of major decentralized platforms like Uniswap and Curve Finance has helped to put Ethereum back in the lead.

2025年3月，以太坊的DEX交易銷量為630億美元，而Solana的交易量為510億美元。就在幾個月前，索拉納（Solana）憑藉其速度和低收入而引領了舞蹈。但是這次，諸如Uniswap和Curve Finance之類的主要分散平台的性能有助於使以太坊重返領先。

This performance is also favored by Layer 2 solutions, which lighten the load on the main chain while ensuring better scalability. These innovations allow Ethereum to remain competitive against blockchains like Solana, which, despite its low latency and minimal fees, has not been able to contain the erosion of its activity on DEXs.

該性能也受到第2層解決方案的青睞，該解決方案減輕了主鏈上的負載，同時確保更好的可擴展性。這些創新使以太坊能夠與諸如Solana這樣的區塊鏈保持競爭力，儘管該區塊鏈的潛伏期很低，而且費用很少，但仍無法遏制其對DEX的活動的侵蝕。

The Drop of Solana

索拉納的滴

Indeed, trading activity on Solana's DEXs, notably Raydium and Pump.fun, has experienced a significant drop. Pump.fun's trading volume fell from $7.75 billion in January to $2.53 billion in March, a decline of 67%. This decrease is notably linked to the decline in the graduation rate of tokens, a key indicator showing that fewer new tokens reach sufficiently high capitalization levels to migrate to Solana's major platforms.

確實，索拉納（Solana）Dex的交易活動，尤其是Raydium and Pump.Fun，經歷了很大的下降。 Pump.Fun的交易量從1月份的77.5億美元下降到3月的25.3億美元，下降了67％。這種下降特別與代幣畢業率下降有關，這是一個關鍵指標，表明更少的新令牌達到足夠高的資本化水平，可以遷移到Solana的主要平台。

Solana, which was once established as the preferred blockchain for memecoins, has seen the appeal for this sector wane, exacerbated by an overall bearish market sentiment. This contributes to its decline.

Solana曾經被確立為Memecoins首選區塊鏈，它已經看到了這一行業減弱的吸引力，這對總體看跌市場的情緒加劇了。這有助於其下降。

As a result, it will face considerable challenges to reactivate its trading volumes. Its future success will depend on its ability to reinvent itself and attract new investors and users into its network.

結果，它將面臨重新激活其交易量的挑戰。它的未來成功將取決於其重塑自己並吸引新的投資者和用戶進入其網絡的能力。

The emergence and consolidation of Ethereum as the leader of DEXs is not only due to a temporary turnaround. While Solana struggles to maintain its momentum, Ethereum appears to be solidly anchored in the DeFi ecosystem, thanks to its ability to evolve and adapt to market needs. However, will this performance be enough to pull Ethereum out of the major economic crisis it is currently facing?

以太坊作為DEX的領導者的出現和鞏固不僅是由於暫時的周轉。儘管索拉納（Solana）努力保持其勢頭，但以太坊似乎在Defi生態系統中堅固地錨定，這要歸功於其發展和適應市場需求的能力。但是，這種表現是否足以將以太坊從目前面臨的重大經濟危機中撤出？

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