Raydium競標了Solana的數十億美元永久市場

分散的加密貨幣交易引擎Raydium正在競標Solana的數十億美元永久市場，並迅速獲得了吸引力。

Decentralized crypto trading engine Raydium is making a bid for Solana's multibillion dollar perpetuals market – and gaining traction fast.

分散的加密貨幣交易引擎Raydium正在競標Solana的數十億美元永久市場，並迅速獲得了吸引力。

Raydium's weeks-old foray into offering these hyper-popular derivatives contracts – they allow crypto traders to speculate on price swings without holding the actual token – is already racking up $100 million in daily trading volume.

Raydium數周大的嘗試提供了這些超廣泛的衍生品合同 - 它們允許加密貨幣交易者推測價格波動而無需持有實際令牌 - 已經在每日交易量中增加了1億美元。

It's now Solana's third most popular venue for trading perps, behind Jupiter and Drift, this ecosystem's trading heavyweights. The growth comes despite Raydium perps' nascency; its builders haven't poured marketing capital on promoting a trading tool that's yet to officially launch.

現在，這是Solana的交易PERP的第三個最受歡迎的場所，僅次於木星和漂流，這是該生態系統的重量級交易。儘管Raydium perps的納斯奇（Nascency），但增長仍在。它的建築商並沒有為促進尚未正式推出的交易工具而投入營銷資本。

"Raydium brand still packs a punch," said InfraRAY, a core contributor to the project.

該項目的核心貢獻者Infraray說：“ Raydium Brand仍然很受歡迎。”

The push caps Raydium's ascendence to the top of Solana's decentralized crypto trading landscape. Its automated market maker (AMM) setup, which enables anyone to spin up a trading pool of any asset, has been a difference-maker in Solana's memecoin era.

Push Caps Raydium的上升升至Solana分散的加密貨幣交易景觀的頂部。它的自動化做市商（AMM）設置使任何人都可以旋轉任何資產的交易池，一直是Solana Memecoin時代的差異。

And yet, most traders who use Raydium's swap rails never visit its website. Instead, they access its services through trading aggregators that split orders across multiple venues. This means potentially less activity for Raydium and, crucially, a weaker relationship with direct users, the traders.

但是，大多數使用Raydium's掉期鐵路的交易者從未訪問其網站。取而代之的是，他們通過交易匯總器訪問其服務，這些匯總器將訂單分配在多個場所中。這意味著與直接用戶，交易者的關係較少的活動可能會更少。

In industry parlance, these traders are the "takers," the ones who execute a trade. Makers, meanwhile, are the ones providing liquidity, perhaps by funneling assets into Raydium's AMM.

在行業的說法中，這些交易者是“接受者”，是執行貿易的人。同時，可能是通過將資產匯入Raydium的AMM來提供流動性的製造商。

"Raydium has done well on the maker-side," said InfraRAY, "But greater network effects exist when you own the relationship with the taker."

Infraray說：“ Raydium在製造商方面做得很好，但是當您與Taker擁有關係時，會有更大的網絡效應。”

Behind the scenes, Raydium's perps trading is being supported by Orderly Network, a trading project with roots outside the Solana ecosystem. Orderly allows perps traders working from multiple blockchains to trade assets on a unified order book. This provides smoother sailing for all orders.

在幕後，Raydium的PERPS交易得到了有序網絡的支持，這是一個貿易項目，這是一個根源，其根源是Solana生態系統之外的。有序的允許從多個區塊鏈工作的PERPS交易者在統一訂單簿上交易資產。這為所有訂單提供了更平穩的航行。

Orderly's month-old Raydium rollout is proving to be a major boon. Perps traders on Solana are now driving 25 percent of Orderly's total volume.

有序的一個月大的Raydium推出被證明是一個主要的福音。現在，索拉納（Solana）的PERPS交易者正在佔據有序總數的25％。

"We're trading anywhere from $200 to $400 million a day in volumes" across the couple dozen projects that offer Orderly-supported perps trading, said CEO Ran Yi.

首席執行官Ran Yi說：“我們每天的交易價格從200美元到4億美元之間的交易量不等。

Facilitating trades via Orderly – in lieu of executing perps transactions on-chain, as many of Raydium's more entrenched competitors do – can save the protocol money and better ensure transactions process correctly, InfraRAY said. But it also comes with its own cross-chain complexities that he said are still being worked through.

Infraray說，通過有序的促進交易 - 代替雷迪安（Raydium）更根深蒂固的競爭對手的許多鏈上執行PERPS交易 - 可以節省協議貨幣，並更好地確保交易正確地處理。但這也帶有他自己的跨鏈複雜性，他說仍在解決。

Next stop: full launch. In a few weeks Raydium's perps service will be ready for a proper debut and shake off the "public beta" training wheels. Once it does, the teams behind it plan to push harder on marketing and outreach.

下一站：完整髮射。在幾週內，Raydium的PERPS服務將準備好首次亮相，並擺脫“公共Beta”訓練輪。一旦這樣做，它背後的團隊計劃更加努力地進行營銷和宣傳。

Even at $100 million in daily volumes, Raydium's perps service is far from displacing the Solana DeFi ecosystem's top on-chain perps service, Jupiter. The best-known swaps aggregator's derivatives exchange sees nearly $2 billion in daily volume; the runner-up, Drift, sees double the volume of Raydium.

Raydium的PERPS服務即使是每日1億美元的銷量，也遠遠不能取代Solana Defi生態系統的頂級鏈上PERPS服務Jupiter。最著名的掉期聚合商的衍生工具交換的每日量近20億美元。亞軍，漂移，看到了射線的音量的兩倍。

But InfraRAY is confident Raydium can chip away at the bigger protocols' respective leads. For one, its perps service offers trading in vastly more assets than either competitor. Orderly allows for speedy listings of new contracts, meaning Raydium can move fast to capture, and potentially corner, new markets.

但是，Infraray確信Raydium可以在更大的協議各自的潛在客戶中消失。首先，其PERPS服務提供的交易比任何一個競爭對手都多得多。有序地允許快速列出新合同，這意味著Raydium可以快速移動以捕獲，並可能成為新市場。

He thinks the total addressable market for Solana-based perps is only set to grow.

他認為，基於Solana的PERP的總可尋址市場只會增長。

"I expect there to be more competition and innovation. But currently Raydium has a seat at the 'table."

“我希望會有更多的競爭和創新。但是目前，雷迪恩在'桌子上都有一個席位。”