深色池統治：濕地木在索拉納dex上的興起

Humidifi現在是Solana上的頂級DEX，其深色池和Prop Amms吸引了機構和高頻交易者。會持續嗎？

Dark Pool Domination: HumidiFi's Rise on Solana DEX

深色池統治：濕地木在索拉納dex上的興起

Solana's DEX landscape is heating up! HumidiFi, a dark pool protocol, has surged to the top, surpassing rivals with its impressive trading volume. But what's driving this surge, and what does it mean for the future of Solana DEXs?

Solana的Dex景觀正在加熱！黑池協議Humidifi猛增到頂部，超過了競爭對手，其令人印象深刻的交易量。但是，什麼在推動這一激增，這對Solana Dex的未來意味著什麼？

HumidiFi's Meteoric Rise

Humidifi的迅速崛起

HumidiFi recently snagged the top spot on Solana's DEX charts, boasting a whopping $8.55 billion in weekly trading volume. This dark pool protocol, leveraging proprietary automated market makers (Prop AMMs), has outpaced established players like Meteora and Raydium. On September 25th alone, HumidiFi processed a record $1.92 billion in trades, a significant chunk of Solana's total daily volume. How did they do it?

Humidifi最近在Solana的Dex排行榜上佔據了第一名，每週交易量高達85.5億美元。該深色池協議利用專有自動化的做市商（Prop AMM）超過了諸如Meteora和Raydium之類的成熟參與者。僅9月25日，Humidifi就處理了創紀錄的19.2億美元交易，這是Solana每日總量的很大一部分。他們是怎麼做到的？

The Allure of Dark Pools

黑暗游泳池的魅力

Prop AMMs, often called dark pools, operate a bit differently. They quote prices privately and route trades through aggregators instead of public order books. This offers private execution and reduced slippage, a major draw for large traders who prefer to keep their moves under wraps. Data even suggests these protocols can achieve negative spreads, leading to exceptionally cost-efficient swaps. It’s attracting professional market participants seeking deep liquidity and private routing, allowing whales to execute large trades discreetly.

Prop Amms（通常稱為黑池）的運行方式有所不同。他們私下引用價格，並通過匯總者而不是公共秩序書籍進行交易。這提供了私人執行和減少滑移，這是大型交易者的主要吸引力，他們更喜歡將其搬到包裹中。數據甚至表明這些協議可以實現負差，從而導致異常成本效益的掉期。它吸引了尋求深厚流動性和私人路線的專業市場參與者，使鯨魚可以謹慎地執行大型交易。

Competition and the Broader Landscape

競爭和更廣闊的景觀

While HumidiFi's numbers are impressive, the competition remains fierce. Raydium continues to be a leader with its robust liquidity and community incentives. Meteora also maintains a strong market share through integrations and partnerships. PumpSwap caters to retail traders chasing the next Solana meme coin. The rise of dark pools is also boosting Jupiter's volumes, as it acts as a key router for these hidden orders.

儘管Humidifi的數字令人印象深刻，但比賽仍然激烈。雷迪恩（Raydium）繼續以強大的流動性和社區激勵措施成為領導者。 Meteora還通過一體化和合作夥伴關係保持了強大的市場份額。 Pumpswap迎合了追逐下一個Solana Meme Coin的零售交易者。黑暗池的興起也在增強木星的捲，因為它是這些隱藏訂單的關鍵路由器。

A Shift in the Tide?

潮流轉變？

The rise of HumidiFi, alongside other protocols offering similar dark pool services like Aster DEX, suggests a potential shift in preference towards privacy and efficiency. But as one X user pointed out, traders clearly want speed and privacy. Is this the dawn of dark pools in DeFi?

Humidifi的興起，以及提供類似的黑池服務等其他協議，表明對隱私和效率的偏好可能會轉變。但是正如一個X用戶指出的那樣，交易者顯然需要速度和隱私。這是Defi中黑暗游泳池的曙光嗎？

The Tradeoffs: Privacy vs. Transparency

權衡：隱私與透明度

While dark pools offer benefits like reduced slippage and front-running protection, they also raise questions about transparency in DeFi. Some argue that these pools could make DeFi less clear, as ordinary retail traders may not be able to see or react to trades made by larger players. It's a balancing act between privacy and fairness.

雖然黑暗的游泳池提供了諸如減少滑移和前進保護之類的好處，但它們也提出了有關DEFI透明度的問題。有人認為，這些池可能會使Defi不太清楚，因為普通的零售交易者可能無法看到或對較大玩家進行的交易做出反應。這是隱私與公平之間的平衡行為。

Final Thoughts

最後的想法

HumidiFi's explosive growth proves that innovation can rapidly reshape the Solana ecosystem. By combining privacy features, advanced liquidity models, and incentives, they've attracted both retail and institutional activity. Raydium and Meteora are still major players, but HumidiFi's rise signals that the DEX race is far from over. The growth of HumidiFi shows how quickly new ideas can change the Solana ecosystem, with a weekly trading volume of $8.55 billion.

Humidifi的爆炸性增長證明，創新可以迅速重塑Solana生態系統。通過結合隱私功能，先進的流動性模型和激勵措施，它們吸引了零售和機構活動。 Raydium和Meteora仍然是主要參與者，但Humidifi的Rise表示DEX比賽還遠遠沒有結束。 Humidifi的增長表明，新想法能夠迅速改變Solana生態系統，每週的交易量為85.5億美元。

So, will HumidiFi maintain its reign? Only time will tell. But one thing's for sure: the Solana DEX landscape is more exciting (and slightly more mysterious) than ever before. Buckle up, folks, it's gonna be a wild ride!

那麼，Humidifi會維持其統治嗎？只有時間會證明。但是可以肯定的是：Solana Dex景觀比以往任何時候都更令人興奮（並且更神秘）。搭扣，伙計們，這將是一個瘋狂的旅程！