Solana飲用以太坊的奶昔，捕獲了Dex市場的50％

在不斷發展的分散金融世界（DEFI）的世界中，索拉納（Defi）通過捕捉分散交易所（DEX）市場的很大一部分來浪潮。

output: As the decentralized finance (DeFi) landscape continues to evolve at a rapid pace, Solana has emerged as a major player, capturing a significant portion of the decentralized exchange (DEX) market. According to a recent report by crypto exchange OKX, Solana has managed to achieve an impressive feat by contributing to nearly 50% of the total DEX volume, even surpassing Ethereum's trading activity during certain periods. This surge in market share has led to Solana being described as “drinking Ethereum's milkshake,” highlighting its swift ascent in the DeFi ecosystem.

輸出：隨著分散的金融（DEFI）景觀繼續以快速發展，索拉納（Solana）成為了主要參與者，捕獲了分散交易所（DEX）市場的很大一部分。根據Crypto Exchange OKX的最新報告，Solana通過貢獻了近50％的DEX數量，甚至超過了以太坊在某些時期的交易活動，從而實現了令人印象深刻的壯舉。市場份額的激增導致索拉納被描述為“飲用以太坊的奶昔”，強調了其在Defi生態系統中的迅速上升。

Solana's Unstoppable Surge: Memecoins and Trading Activity

Solana的不可阻擋的激增：Memecoins和交易活動

A key factor driving Solana's impressive DEX performance is the launch of the memecoin platform Pump.fun. This trading hub has played a pivotal role in the recent surge of trading activity, pushing Solana's market share to extraordinary levels. During the last week of December 2024, Solana achieved an astonishing 89.7% market share in DEX activity, outpacing Ethereum and signaling a major shift in retail trading preferences.

推動Solana令人印象深刻的DEX性能的關鍵因素是Memecoin Platform Pump.Fun的推出。這個交易中心在最近的交易活動激增中發揮了關鍵作用，將索拉納的市場份額提高到了非凡的水平。在2024年12月的最後一周，Solana在DEX活動中獲得了驚人的89.7％的市場份額，超過以太坊的股份，並表示零售交易偏好的重大轉變。

For five consecutive weeks, Solana's share in DEX trading has remained above 50%, reflecting its increasing influence in the DeFi landscape. Solana's success can also be attributed to its high transaction speeds, low fees, and developer-friendly tools. These features have made the blockchain platform especially attractive to retail traders.

連續五個星期，Solana在DEX交易中的份額一直以於50％以上，這反映了其在Defi景觀中的影響不斷增加。 Solana的成功也可以歸因於其高交易速度，低費用和對開發人員友好的工具。這些功能使區塊鏈平台對零售商人特別有吸引力。

The decentralized exchange aggregator Jupiter, which is native to Solana, also plays a crucial role in this surge. Jupiter accounts for nearly 70% of Solana's DEX volume, optimizing slippage and providing real-time pricing data, further contributing to the platform's growth.

Solana本地的分散交換聚合器木星在這次激增中也起著至關重要的作用。木星占SOLANA DEX量的近70％，優化滑倒並提供實時定價數據，進一步促進了該平台的增長。

Ethereum's Ongoing Market Dominance

以太坊持續的市場主導地位

Despite Solana's surge in DEX market share, Ethereum continues to lead in high-value transactions. Ethereum is the clear leader in tokenizing real-world assets, accounting for 82% of over $5 billion in tokenized assets across blockchains. Ethereum's liquidity pools are also far superior to Solana's, and the network benefits from the support of layer 2 solutions that facilitate large trades, catering to institutional investors.

儘管Solana在DEX市場份額方面激增，但以太坊仍在高價值交易中領先。以太坊是代幣化現實世界中的明確領導者，占區塊鏈跨越50億美元超過50億美元的標記資產的82％。以太坊的流動性池也比Solana的流動性池也優於Solana的流動性，並且該網絡受益於第二層解決方案，這些解決方案促進了大型行業，可滿足機構投資者的需求。

OKX's report emphasizes that while Solana excels in retail trading with low-cost, fast transactions, Ethereum's ecosystem remains the preferred platform for large traders or whales due to its higher liquidity and robust infrastructure for high-value transactions.

OKX的報告強調，儘管Solana在零售交易中以低成本，快速交易的速度出色，但以太坊的生態系統仍然是大型貿易商或鯨魚的首選平台，因為其流動性較高和高價值交易的強大基礎設施。

Challenges Ahead for Solana's Growth

Solana增長面臨的挑戰

While Solana's DEX market share surge is certainly impressive, there are concerns about the sustainability of its growth. Solana's total value locked (TVL) lags behind Ethereum, raising questions about its long-term ability to maintain high transaction volumes. Solana's success thus far has been largely driven by its affordable transaction costs and high-speed operations, attracting retail traders. However, the network's liquidity is still smaller compared to Ethereum, and this may hinder its ability to sustain such high volumes over time.

儘管Solana的DEX市場份額激增肯定令人印象深刻，但人們擔心其增長的可持續性。 Solana的總價值鎖定（TVL）落後於以太坊，引發了有關其長期維持高交易量的能力的疑問。到目前為止，索拉納的成功主要是由於其負擔得起的交易成本和高速業務所驅動的，吸引了零售商人。但是，與以太坊相比，網絡的流動性仍然更小，這可能會阻礙其隨著時間的推移維持如此大量的能力。

Solana's next few months will be crucial as it attempts to scale its infrastructure to meet the demands of an expanding user base and ensure its market share remains stable.

Solana接下來的幾個月將是至關重要的，因為它試圖擴展其基礎設施以滿足擴大用戶群的需求並確保其市場份額保持穩定。

Solana's Price Performance and Market Outlook

Solana的價格表現和市場前景

Solana's impressive market activity is also reflected in its price performance. Following a three-day losing streak in January 2025, Solana's price recovered by 4.5%, stabilizing around $240. This recovery has sparked a rise in leveraged long positions, indicating growing investor confidence in Solana's continued growth potential.

Solana令人印象深刻的市場活動也反映在其價格績效中。在2025年1月的三天失敗之後，索拉納的價格恢復了4.5％，穩定在240美元左右。這種恢復引發了長期利用的提高，這表明投資者對Solana持續增長潛力的信心不斷增加。

Looking ahead, Solana seems poised for further upside. With increasing leverage in the derivatives market and growing retail interest, Solana's price could continue to experience a rebound if its DEX market share remains strong.

展望未來，Solana似乎有望進一步上升。隨著衍生品市場的槓桿率不斷提高並增加了零售利息，如果其DEX市場份額仍然很強，Solana的價格可能會繼續經歷反彈。

Solana's Role in the Future of DeFi

Solana在Defi的未來中的作用

Solana's rise in the DEX market showcases a significant shift in the decentralized finance (DeFi) ecosystem. Its high-speed transactions, low fees, and developer-focused tools have positioned it as a strong challenger to Ethereum's dominance. While Ethereum still leads in high-value transactions and institutional support, Solana's rapid growth in DEX volume shows that it is carving out its place in the decentralized world.

Solana在DEX市場上的增長展示了分散的金融（DEFI）生態系統的重大轉變。它的高速交易，低費用和以開發人員為中心的工具將其定位為以太坊統治力的強大挑戰者。儘管以太坊仍在高價值交易和機構支持中，但索拉納在DEX量中的快速增長表明，它正在分散世界中的地位。

Whether Solana can maintain its market share, scale its liquidity, and sustain its growth will unfold in the coming months. However, its upward trajectory in the DeFi space is undeniable, and the competition with Ethereum is only just beginning.

Solana能否維持其市場份額，擴展其流動性並維持其增長，將在未來幾個月內展開。但是，它在Defi空間中的向上軌跡是不可否認的，與以太坊的競爭只是剛剛開始。