泵的崛起及其對索拉納的影響

Meme Coin Launchpad Pump.Fun因其能夠向Solana區塊鏈推動大量收入和貿易量的能力而迅速增長。

Solana (CRYPTO: SOL), one of the leading blockchain networks, has gained nearly 2% in the last 24 hours and is currently trading at $118.28 on Thursday.

索拉納（Crypto：Sol）是領先的區塊鍊網絡之一，在過去的24小時內上漲了近2％，目前在周四的交易價格為118.28美元。

While Solana continues its upward momentum, a fierce battle for dominance is unfolding between two prominent projects built on the Solana blockchain — Pump.fun and Raydium.

儘管索拉納（Solana）繼續向上勢頭，但在索拉納區塊鏈上建立的兩個著名項目 - 泵。

The rivalry between these two platforms has led to intense competition for user engagement and transaction volume. However, in this ongoing battle, Solana itself emerges as the ultimate winner, as both protocols drive activity and liquidity on the network.

這兩個平台之間的競爭導致了激烈的競爭用戶參與和交易量。但是，在這場持續的戰鬥中，索拉納本身成為最終的贏家，因為兩種協議都推動了網絡上的活動和流動性。

The Rise of Pump.fun and Its Impact on Solana

泵的崛起及其對索拉納的影響

Pump.fun, a meme coin launchpad, has rapidly grown in popularity for its ability to drive significant revenue and trade volume to the Solana blockchain. The platform’s user-friendly approach and seamless meme coin launches have attracted a large user base, cementing its position as a key player in the Solana ecosystem.

Meme Coin Launchpad Pump.Fun因其能夠向Solana區塊鏈推動大量收入和貿易量的能力而迅速增長。該平台的用戶友好方法和無縫的模因硬幣發布吸引了大型用戶群，鞏固了其作為Solana生態系統中關鍵參與者的地位。

However, its success has also led to strategic changes, particularly in its relationship with Raydium, a decentralized exchange (DEX) also built on Solana.

但是，它的成功也導致了戰略變化，尤其是與Raydium的關係，Raydium（也是基於Solana的分散交易所（DEX））。

Previously, Pump.fun had partnered with Raydium to facilitate the trading of its launched tokens. However, in a surprising move, Pump.fun decided to sever its partnership with Raydium and launch its own DEX — PumpSwap.

此前，Pump.Fun與Raydium合作，促進其發射的代幣的交易。但是，令人驚訝的是，Pump.Fun決定切斷與Raydium的合作夥伴關係，並啟動自己的DEX -Pumpswap。

This strategic shift has resulted in an interesting rivalry between the two platforms as they compete for users, liquidity, and transaction volume.

這種戰略轉變導致兩個平台與用戶競爭，流動性和交易量之間的競爭。

Raydium vs. PumpSwap: The Battle for Market Share

Raydium v​​s. Pumpswap：爭取市場份額的戰鬥

Raydium, which is ranked among the top DEX on Solana, has long been a dominant force in decentralized trading. However, the launch of PumpSwap has threatened Raydium’s market share, forcing it to defend its position in the ecosystem.

Raydium在Solana上排名最高的DEX之列，長期以來一直是分散交易的主要力量。但是，Pumpswap的推出威脅到Raydium的市場份額，迫使其捍衛其在生態系統中的地位。

Pump.fun’s decision to create its own Automated Market Maker (AMM) DEX has allowed it to retain more value within its platform, providing users with a seamless trading experience for meme coins launched on its launchpad.

pump.fun決定創建自己的自動化做市商（AMM）DEX允許其在其平台內保留更多價值，從而為用戶提供了在其Launchpad上推出的Meme Coins的無縫交易體驗。

According to a research report by K33 on Wednesday, PumpSwap has been gradually chipping away at Raydium’s trade volume. The report highlights how Pump.fun’s ecosystem has managed to capture higher value by ensuring that users remain within its infrastructure rather than engaging with external platforms like Raydium.

根據K33週三的一份研究報告，Pumpswap逐漸消除了Raydium的貿易量。該報告強調了pump.fun的生態系統如何通過確保用戶保留在其基礎架構中而不是與Raydium這樣的外部平台互動來捕獲更高的價值。

This shift in user activity and value retention has had a noticeable impact, as evidenced by the decline in Raydium’s trading activity and liquidity dominance.

用戶活動和價值保留的這種轉變產生了明顯的影響，這證明了Raydium的交易活動和流動性優勢的下降。

The Future of Solana’s DEX Landscape

Solana Dex景觀的未來

As the rivalry between Pump.fun and Raydium continues to heat up, both platforms face a common challenge: the need for improved market conditions and user sentiment.

隨著Pump.Fun和Raydium之間的競爭繼續升溫，兩個平台都面臨著一個共同的挑戰：需要改善市場狀況和用戶情緒。

The broader cryptocurrency market has experienced fluctuations in recent times, which could be impacting overall trading activity and liquidity. For both Raydium and PumpSwap to continue their growth trajectories, a market rebound could be pivotal.

近來，更廣泛的加密貨幣市場經歷了波動，這可能會影響整體交易活動和流動性。對於Raydium和Pumpswap都可以繼續其增長軌跡，市場反彈可能是關鍵的。

Despite the competitive rivalry, Solana emerges as the ultimate beneficiary. Increased transaction volume, user engagement, and liquidity on Solana’s blockchain ultimately contribute to its long-term growth and adoption.

儘管有競爭性的競爭，但索拉納還是成為最終受益人。 Solana區塊鏈上的交易量增加，用戶參與度以及流動性最終有助於其長期增長和採用。

As the rivalry between these two platforms unfolds, Solana’s ecosystem continues to expand, offering users a diverse range of decentralized finance (DeFi) solutions.

隨著這兩個平台之間的競爭，Solana的生態系統繼續擴展，為用戶提供了多種分散的財務（DEFI）解決方案。

This competitive landscape is likely to evolve further, with more protocols emerging and vying for attention within the Solana ecosystem.

這種競爭格局可能會進一步發展，隨著索拉納生態系統中的更多方案和爭奪關注的更多協議。

The ongoing battle between Pump.fun and Raydium highlights the dynamic nature of the Solana ecosystem. While Pump.fun’s strategic move to launch PumpSwap has disrupted Raydium’s dominance, the competition ultimately fuels innovation and growth on the Solana blockchain.

pump.fun和Raydium之間的持續戰鬥突出了Solana生態系統的動態性質。儘管Pump.Fun啟動Pumpswap的戰略舉動破壞了Raydium的統治地位，但競爭最終為Solana區塊鏈提供了創新和增長。

With both platforms striving to capture market share and optimize their protocols, the coming months will be crucial in determining which protocol emerges as the leading DEX within Solana’s DeFi landscape.

由於兩個平台都在努力捕獲市場份額並優化其協議，因此未來幾個月對於確定索拉納（Solana）Defi景觀中的領先DEX出現了哪些協議至關重要。

Regardless of the outcome, Solana stands to benefit as the network experiences heightened activity, reinforcing its position as one of the top blockchain ecosystems in the crypto space.

無論結果如何，Solana都將受益，因為網絡經歷了增強的活動，從而加強了其作為加密貨幣空間中頂級區塊鏈生態系統之一的地位。