自动化做市商（AMM），BNB生态系统硬币和AI是本周观看的前三名加密诗歌叙事

AMM面临着一个具有挑战性的一周，所有前七个硬币都是红色的，但是像Unichain的增长和在Solana的Dex空间中的竞争之类的潜在催化剂使它们具有重要意义。

Automated Market Makers (AMMs) had a challenging week, with all seven top seven coins showing red.

自动化的做市商（AMM）的一周充满了挑战，所有七个前七个硬币均呈现红色。

However, potential catalysts, such as Unichain’s growth and competition in Solana’s DEX space, keep AMMs relevant in the broader crypto narrative.

但是，潜在的催化剂，例如Unichain在Solana的Dex空间中的增长和竞争，使AMMS保持在更广泛的加密叙事中。

The BNB ecosystem is gaining momentum with CZ’s renewed advocacy, an AI-focused roadmap, and surging activity on PancakeSwap. Meanwhile, the AI narrative is showing mixed signals. While the broader AI crypto market struggles, projects like Story (IP), CLANKER, FORT, and BNKR are capitalizing on niche use cases.

BNB生态系统正在通过CZ的新倡导，以AI为重点的路线图以及对PancakesWap的活动激增。同时，AI叙述显示出混合的信号。尽管更广泛的AI加密市场挣扎，但Story（IP），Clanker，Fort和BNKR等项目正在利用利基用例。

Automated Market Makers (AMMs)

自动做市商（AMM）

This week, AMMs coins had a tough time, with all seven top seven coins showing red.

本周，AMMS硬币经历了艰难的时期，所有七个前七个硬币均显示出红色。

Automated Market Makers are decentralized exchanges that enable users to trade digital assets without using a traditional order book. Instead, they rely on liquidity pools, where users can provide funds that facilitate trading and earn fees in return.

自动化的做市商是分散的交流，可使用户在不使用传统订单书的情况下交易数字资产。相反，他们依靠流动性池，用户可以提供促进交易并赚取费用的资金。

This model enhances liquidity and removes the need for centralized intermediaries, making AMMs a crucial part of decentralized finance (DeFi).

该模型增强了流动性并消除了对中央介质的需求，使AMM成为分散融资（DEFI）的关键部分。

Among the top AMMs, RAY is the biggest loser. Rumors about Pumpfun launching their own AMM solution could impact Raydium’s usage and fee generation, causing its price to fall almost 30% in just 24 hours.

在顶级AMM中，雷是最大的失败者。关于PumpFun推出自己的AMM解决方案的谣言可能会影响Raydium的使用和收费的产生，从而导致其价格在24小时内降低了近30％。

Meanwhile, UNI and CAKE are both down 15%, as the market doesn’t seem excited about Uniswap’s new chain, Unichain. Additionally, CAKE is correcting after its recent surge alongside the rising BNB ecosystem.

同时，Uni和Cake都下跌了15％，因为市场似乎对Uniswap的新连锁店Unichain并不感到兴奋。此外，Cake最近在BNB生态系统上升后进行了纠正。

However, it’s worth noting that RAY still remains a dominant force in Solana, which could lead some users to question whether the recent drop isn’t an overreaction.

但是，值得注意的是，雷仍然是索拉纳（Solana）的主导力量，这可能会导致一些用户质疑最近的下降是否不是过度反应。

According to Chris Chung, founder of Solana decentralized exchange aggregator Titan, this development could ultimately be beneficial for the Solana ecosystem.

根据Solana分散交易所聚合泰坦的创始人Chris Chung的说法，这一发展最终可能对Solana生态系统有益。

Chung told BeInCrypto:

Chung告诉Beincrypto：

“The fact that pump.fun is developing its own automated market maker (AMM) is no surprise – it’s an obvious business move. They’ve created so much volume with meme coin trading that it was only a matter of time before they built infrastructure to take advantage of the fees. This creates competition for Jupiter and Meteora, but Raydium is the most affected, given meme coins make up the majority of the volume on Raydium.”

“ Pump.Fun正在开发自己的自动化做市商（AMM）这一事实并不奇怪 - 这是一个明显的业务举动。他们通过Meme Coin交易创造了如此多的交易，以至于他们建立基础设施以利用费用只是时间问题。这会引起木星和流星的竞争，但雷迪姆是受影响最大的竞争，因为模因硬币构成了雷迪恩的大部分。”

Moreover, Unichain is still in its early days, and a new altcoin season could boost its usage. Furthermore, the BNB ecosystem appears to have built good momentum in the last few weeks, which could set the stage for a CAKE price recovery.

此外，Unichain仍处于早期，新的Altcoin季节可以提高其使用情况。此外，BNB生态系统似乎在过去几周内建立了良好的动力，这可能为蛋糕价格恢复奠定了基础。

All that combined makes AMMs one of the most interesting crypto narratives for this week.

所有这些结合使AMM成为本周最有趣的加密叙事之一。

“Now that competition in the Solana DEX space is heating up, exchanges will likely start competing for token listings. Some expect this to lead to lower fees, but I believe we’re more likely to see other incentives, like revenue sharing, token allocations beyond liquidity pool fees, or advertising support. DEXs have large treasuries and we’re going to see them dipping into these to make their offering stand out,” Chung added.

“既然Solana Dex领域的竞争正在加热，交流可能会开始争夺令牌清单。有些人希望这会导致较低的费用，但我相信我们更有可能看到其他激励措施，例如收入共享，超出流动性池费用的代币分配或广告支持。 DEX有大量的国库券，我们将看到他们浸入其中以使他们的产品脱颖而出。” Chung补充说。

BNB Ecosystem Coins

BNB生态系统硬币

Recently, BNB chain has been in the spotlight as CZ has increased his advocacy for the network. The chain also introduced an AI-focused roadmap and a new solution to make it easier for users to launch new coins.

最近，由于CZ增加了他对网络的倡导，BNB连锁店一直引起人们的关注。该连锁店还引入了以AI为中心的路线图和新解决方案，以使用户更容易推出新硬币。

These developments for the BNB chain also align with other crypto narratives, such as meme coins and artificial intelligence.

BNB链的这些发展也与其他加密叙事（例如模因硬币和人工智能）保持一致。

On the BNB ecosystem, PancakeSwap, the largest decentralized exchange, experienced a surge in fees, jumping from $2 to $3 million in early January to consistently staying above $4 million and even reaching $18 million on some days since January 16.

在BNB生态系统上，最大的分散交易所Pancakeswap经历了收费激增，一月初从2美元跃升至300万美元，以自1月16日以来的某些日子一直保持在400万美元以上，甚至达到1800万美元。

This growth reflects increased activity and interest in the BNB chain.

这种增长反映了对BNB链的活动和兴趣的增加。

The chain has also seen the rise of trending meme coins, such as BROCCOLI, inspired by CZ’s dog, and TST, which has become one of the biggest native meme coins on the BNB chain.

该连锁店还看到了受到CZ的狗和TST的启发的趋势模因硬币的兴起，这些硬币已经成为BNB链上最大的本地模因硬币之一。

If this momentum continues, it could attract more builders and new coins to the chain, benefiting existing products and altcoins within the ecosystem.

如果这种势头继续下去，它可能会吸引更多的建筑商和新硬币进入链条，从而使生态系统中的现有产品和山寨币受益。

Artificial Intelligence

人工智能

Although several AI coins are struggling, with RENDER, FET, and VIRTUAL all registering double-digit losses in the last seven days, some specific segments are managing to rise despite the overall narrative correction.

尽管在过去的七天中，有几枚AI硬币陷入困境，渲染，FET和虚拟都在呈现两位数的损失，但尽管进行了整​​体叙述校正，但一些具体的细分市场仍在设法上升。

Story (IP) is a standout performer, up roughly 120% in the last week and becoming one of the most trending altcoins, quickly reaching a $1 billion market cap. Similarly, CLANKER, one of Base’s biggest coin launchpads, is up 111%, reaching its highest price levels since early January 2025.

Story（IP）是一位出色的表演者，在上周上涨了约120％，并成为最流行的Altcoins之一，迅速达到了10亿美元的市值。同样，Clanker是Base最大的硬币发射台之一，上涨了111％，自2025年1月初以来达到了最高的价格水平。

FORT is up 49%, leveraging on its security crypto firewall following the Bybit hack. BNKR has also gained 43%, capitalizing on the narrative around crypto AI agents and crypto companions.

在Bybit Hack之后，Fort上涨了49％，利用其安全加密防火墙。 BNKR也获得了43％的奖励，利用了有关加密AI代理商和加密货币同伴的叙述。