Solana上的加密生态系统正在经历前所未有的竞争

Raydium是一个分散交流的巨人，揭开了一个代币的创建平台，旨在应对泵的快速上升。

The crypto ecosystem on Solana is heating up as we observe an unprecedented rivalry between two major players: Raydium and Pump.fun. Both platforms are rolling out new features in a bid to capture the speculative energy of DeFi.

当我们观察到两个主要参与者之间的前所未有的竞争：Raydium和Pump.Fun之间，Solana上的加密生态系统正在加热。这两个平台都在推出新功能，以捕获Defi的投机能量。

As a giant in decentralized exchanges, Raydium has just unveiled LaunchLab, a token creation platform designed to counter the rapid rise of Pump.fun. The new tool is already showing promising results with an 8% surge in RAY's value and a 680 million dollar market capitalization.

作为分散交流的巨人，Raydium刚刚揭开了一个旨在应对泵的快速上升的代币创建平台。新工具已经显示出令人鼓舞的结果，雷的价值增长了8％和6.8亿美元的市值。

The battle for crypto supremacy on Solana

在Solana上争取加密至高无上的战斗

Raydium is striking back with its new LaunchLab platform. The platform allows launching cryptos directly integrated into its liquidity pools, a key advantage to attract creators. But the true breakthrough lies in its economic model: 25% of transaction fees are used to buy back the RAY crypto, Raydium's native token. A deflationary mechanism that immediately boosted its value by 8%, raising its market capitalization to 680 million dollars.

Raydium正在使用其新的LaunchLab平台进行回击。该平台允许启动加密货币直接集成到其流动性池中，这是吸引创建者的关键优势。但是真正的突破在于其经济模式：25％的交易费用用于回购Raydium的原始代币Ray Crypto。一种通缩机制，立即将其价值提高了8％，将其市值提高到了6.8亿美元。

This move comes in response to the March launch of PumpSwap, a DEX by Pump.fun, breaking its historical partnership with Raydium. The result? Explosive crypto transaction volume with 31.7 billion dollars in a few weeks. A performance that clearly spurred Raydium, now determined to reclaim its territory.

此举是为了响应泵。结果？爆炸性加密交易量，几周内为317亿美元。这项表演明显刺激了Raydium，现在决定收回其领土。

The numbers tell the story. While volume on Raydium jumped by 187% following the announcement of LaunchLab, Pump.fun continues to dominate the memecoin segment with 95% of its activity dedicated to this category versus 20% for Raydium.

数字讲述了这个故事。虽然Raydium的数量在发布LaunchLab宣布后增长了187％，但Pump.Fun继续在Memecoin细分市场中占据主导地位，其活动的95％用于该类别，而Raydium的活动为20％。

However, Raydium relies on a master asset: its mature infrastructure. By natively integrating tokens into its pools, it offers instant liquidity — a strong argument against the technical delays of PumpSwap.

但是，Raydium依靠主要资产：其成熟的基础设施。通过将令牌本地整合到其池中，它提供了即时的流动性，这是针对泵送的技术延迟的强烈论点。

End of a symbiosis, birth of a cold war

共生的结束，冷战的诞生

Until now, Raydium and Pump.fun maintained a symbiotic relationship. Cryptos created on Pump.fun automatically migrated to Raydium once their capitalization exceeded $69,000. A mechanism that fueled the volume of both platforms. But the arrival of PumpSwap broke this dynamic, pushing Raydium to rethink its strategy.

到目前为止，Raydium and Pump.Fun保持了共生关系。一旦资本超过69,000美元，在Pump.Fun上创建的加密货币将自动迁移到Raydium。一种助长了这两个平台体积的机制。但是，泵种的到来打破了这种动态，推动了Raydium重新考虑其策略。

Moreover, LaunchLab does not just replicate Pump.fun. It introduces strategic nuances, such as the possibility for developers to set custom transaction fees.

此外，launchlab不仅复制泵。它引入了战略差异，例如开发人员设定自定义交易费用的可能性。

A flexibility that could attract projects looking to monetize their community. Above all, Raydium bets on the network effect: by channeling part of the revenue toward buying back the RAY crypto, it strengthens the commitment of its holders, creating a virtuous circle.

灵活性，可以吸引希望使社区获利的项目。最重要的是，Raydium对网络效应的押注：通过将部分收入转移到回购Ray Crypto中，它可以增强其持有人的承诺，从而创造出良性的圈子。

This rivalry crystallizes the tensions of a Solana ecosystem in full mutation. While users oscillate between loyalty and opportunism, both platforms must innovate to survive.

这种竞争使Solana生态系统的紧张局势完全突变。当用户在忠诚度和机会主义之间振荡时，两个平台都必须创新才能生存。

Pump.fun thus plans to launch its own crypto, a risky but necessary step to consolidate its independence. Raydium, meanwhile, plays the experience card — its status as Solana's most liquid DEX remains a powerful marketing argument. There remains, however, a question: will this frantic race lead to sustainable growth or yet another speculative bubble? Awaiting the answer the upcoming months will provide, Binance hit hard with a record burn.

因此，Fump.Fun计划推出自己的加密货币，这是巩固其独立性的冒险但必要的步骤。同时，Raydium扮演体验卡 - 其作为Solana最液体DEX的地位仍然是一个有力的营销论点。但是，仍然存在一个问题：这场疯狂的种族会导致可持续增长还是另一个投机性泡沫？等待接下来几个月的答案将提供的答案，binance遭受了创纪录的燃烧。

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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

自2017年以来，Evariste着迷于比特币，不断研究该主题。尽管他最初的兴趣是交易，但他现在积极寻求了解以加密货币为中心的所有进步。作为一名编辑，他努力始终如一地提供反映整个行业状态的高质量工作。