Solana的Raydium在一月份超過Uniswap作為頂級DEX

總部位於Solana的分散交換Raydium在1月份以所有DEX量佔27.1％。這比12月的18.8％大幅增加

Solana-based decentralized exchange Raydium has taken the number one spot among DEXes in terms of trading volume for the month of January, according to data from The Block. The Block’s analysis of centralized and decentralized exchange volumes showed that Raydium led the pack with 27.1% of all DEX trading volume. This marks a significant increase from Raydium’s 18.8% share in December.

根據該街區的數據，總部位於Solana的分散交易所Raydium在1月份的交易量方面已在Dexes中排名第一。該塊對集中式交換量的分析表明，Raydium以所有DEX交易量的27.1％領先。這標誌著12月Raydium的18.8％份額有了顯著增長。

Meanwhile, Uniswap, which has historically dominated the DEX market, saw its market share shrink substantially over the same period. Commencing the year with an impressive 34.5% of the market, Uniswap experienced a decline in its market share, which dropped to 22% by January. Several factors have contributed to this shift, including increased competition from Solana-based DEXes and growing dissatisfaction within the Ethereum community regarding the perceived lack of development and innovation within the Ethereum ecosystem.

同時，歷史上占主導地位的DEX市場的Uniswap在同一時期看到其市場份額大大縮小。 UNISWAP以令人印象深刻的市場佔34.5％的年份開始，其市場份額下降，到一月份下降到22％。有幾個因素導致了這一轉變，包括從基於Solana的Dexes和以太坊社區中對以太坊生態系統中缺乏發展和創新的競爭加劇。

The Rise of Raydium and the Solana Ecosystem索拉纳链上DEX交易所 Raydium，上个月一举超越了去中心化交易所龙头 Uniswap，成为了新的 DEX 冠军。

The Rise of Raydium and the Solana Ecosystem索拉納鏈上DEX交易所Raydium，上個月一舉超越了去中心化交易所龍頭Uniswap，成為了新的DEX 冠軍。

According to The Block, Raydium had 27.1% of all DEX trading volume for the month of January. This was up from 18.8% of DEX trading volume in December 2024, marking a substantial month-over-month growth for the Solana-based DEX.

根據該街區的數據，Raydium在一月份的所有DEX交易量中的27.1％。這是2024年12月DEX交易量的18.8％，標誌著基於Solana的DEX的月份增長幅度很高。

Uniswap, which has historically been the clear leader in the decentralized exchange market, experienced a significant shrinking of its market share over this very same window. By January, the share of the Ethereum-based platform had dropped to 22%, down from an impressive 34.5% in December. Several elements accounted for this dip in Uniswap’s supremacy, most notably the platform’s increased rivalry with Solana-based decentralized exchanges and a nascent unhappiness in the Ethereum community over what was perceived as insufficient development and innovation in the Ethereum ecosystem.

從歷史上看，Uniswap一直是分散的交易市場中明確的領導者，它在同一窗口上經歷了其市場份額的大幅縮小。到一月份，基於以太坊的平台的份額已降至22％，低於12月的34.5％。 Uniswap的至高無上的幾個要素造成了這種傾向，最值得注意的是該平台與基於Solana的分散交易所的競爭增加，以及以太坊社區對以太坊生態系統中不足的發展和創新的不足。

Multiple factors are driving Raydium’s rapid ascent to the top, with two of the most prominent being the soaring popularity of meme coins and the rapid expansion of the Solana network. Throughout January, Solana-based exchanges, including Raydium, were not just performing well—they were performing exceptionally well. They processed five times more weekly transactions than Ethereum-based exchanges. “Given the efficient architecture of Solana’s blockchain, its decentralized exchange [Raydium] has a great chance at succeeding,” wrote Erwin M. on users.raydium.io.

多種因素將Raydium的迅速上升推向頂部，其中兩個最突出的是Meme Coins的飆升和Solana網絡的快速擴張。在整個1月，包括Raydium在內的基於Solana的交流不僅表現良好，而且表現出色。他們處理的每週交易是基於以太坊的交易的五倍。 “鑑於Solana區塊鏈的有效架構，其分散的交易所[Raydium]很有機會取得成功，” Erwin M. On Users.Raydium.io。

Raydium’s soaring share of the market also stems from the Solana network’s surreal explosion of meme coins. One of the big winners was the official Trump token (TRUMP), which rode a wave of notoriety and turned up the volume on Raydium’s trading activities. As meme coin bashers and enthusiasts piled into the platform, Raydium served up the Solana network’s number one meme coin token and further cemented its status as the district’s trading hub for January 2023.

Raydium在市場上的飆升也源於Solana網絡對Meme硬幣的超現實爆炸。最大的贏家之一是官方的特朗普代幣（特朗普），該官員宣揚了一波臭名昭著，並提高了Raydium的貿易活動的數量。當Meme Coin Bashers和發燒友堆入該平台時，Raydium為Solana Network的第一枚Meme Coin代幣提供了服務，並進一步鞏固了其作為該地區2023年1月的交易中心的地位。

There are many reasons why the platform is successful, not least of which are its distinct characteristics. These combine to create a trading environment that is almost the antithesis of an “exchange.” In fact, there are features that make it faster, cheaper, and better in various respects than a DEX (decentralized exchange) operating on the Ethereum blockchain. One of these features, which is comparatively rare among DEXes, especially those built on Ethereum, is what Raydium calls “robust liquidity pools.”

該平台成功的原因有很多，尤其是其獨特的特徵。這些結合起來創造了幾乎是“交換”的對立面的交易環境。實際上，與在以太坊區塊鏈上運行的DEX（分散交換）相比，在各個方面都可以使其更快，更便宜且更好。這些功能之一，在Dexes中相對罕見，尤其是基於以太坊的功能，是Raydium所說的“強大的流動性池”。

Ethereum’s Struggles and the Broader DEX LandscapeEven as Raydium took its turn in the spotlight, Ethereum-based exchanges such as Uniswap struggled in January to hold onto their market share. The growing frustration expressed by the Ethereum community over the perceived stagnation of its development seems only to have intensified in recent weeks. Upgrades to the network, including the much-anticipated transition to Ethereum 2.0, have not resolved the core issues of scalability and transaction speed. As a result, gas prices on the network continue to hover in the stratosphere.

以太坊的掙扎和更廣泛的Dex landscapeeven隨著Raydium的焦點轉移，基於以太坊的交流（例如Uniswap）在一月份掙扎，以保持其市場份額。以太坊社區對其發展的停滯越來越大的挫敗感似乎只是在最近幾週加劇了。升級到網絡，包括備受期待的以太坊2.0的過渡，尚未解決可擴展性和交易速度的核心問題。結果，網絡上的汽油價格繼續在平流層中懸停。

Some users of DeFi have sought alternatives on faster and cheaper blockchains because of these challenges. Solana—fast, cheap, reliable—offered a viable solution and an attractive new home for DeFi traders and liquidity providers. That was a double-win for Raydium since, as it turns out, a number of those Solana-based DeFi folks also like to use Raydium. But it’s not just Raydium ranked 3rd in DEXs with performance like this; other Solana-based DEXs—Orca and Meteora—have jumped in line for 4th and 5th place, respectively.

由於這些挑戰，一些Defi的用戶在更快，更便宜的區塊鏈上尋求替代方案。 Solana（快速，便宜，可靠）為Defi貿易商和流動性提供商提供了可行的解決方案和有吸引力的新家。這是Raydium的雙贏，因為事實證明，許多基於Solana的Defi人也喜歡使用Raydium。但這不僅僅是Raydium在Dex中排名第三，具有這樣的性能。其他基於Solana的DEX（Orca和Meteora）分別排名第四和第五。

The main decentralized exchange (DEX) on the Binance Smart Chain (BSC), PancakeSwap, continued to hold a 17% share of the market. On the other hand, pressure was seen from the increasing presence of platforms based on Solana, with Raydium, in particular, coming to the fore.

Binance Smart Chain（BSC）（Pancakeswap）上的主要分散交易所（DEX）繼續持有17％的市場份額。另一方面，從基於Solana的平台的增加中看到了壓力，尤其是Raydium脫穎而出。

Uniswap’s Market Decline and the Future of

UNISWAP的市場下降和未來