5 dex令牌在2025年觀看：uniswap（uni），壽司瓦普（壽司），煎餅（蛋糕），1英寸網絡（1英寸）和Stabull Finance（Stabul）

加密貨幣的世界一直在移動，分散的交流（DEX）正是行動的核心。

Decentralized Exchanges (DEXs) are a booming area of Decentralized Finance (DeFi). These platforms, powered by blockchain technology, allow users to trade digital assets directly with each other without needing a central authority. This stands in contrast to traditional exchanges, such as the stock market or centralized crypto platforms, which act as intermediaries.

分散交換（DEX）是分散融資（DEFI）的蓬勃發展的領域。這些平台由區塊鏈技術提供支持，允許用戶直接彼此交易數字資產而無需中央權威。這與傳統交流（例如股票市場或集中的加密平台）相反，這些平台充當中介。

DEXs are a core part of Web3, the decentralized vision of the internet. They offer more control, greater access, and new opportunities for participation in the financial system. However, they also come with their own set of challenges and opportunities.

DEX是Web3的核心部分，Web3是Internet的分散視野。他們提供了更多的控制權，更大的訪問權限和新的參與金融系統的機會。但是，他們還帶有自己的一系列挑戰和機遇。

At the heart of these DEX platforms are their native tokens. These tokens often confer voting rights on the platform’s future, potential rewards, and other benefits to their holders. As DeFi continues its growth trajectory, picking the right DEX token could be a key move for crypto enthusiasts. But which ones show the most promise heading into the rest of 2025 and beyond?

這些DEX平台的核心是它們的本地令牌。這些代幣通常會授予平台未來，潛在的獎勵和其他利益的投票權。隨著Defi繼續其增長軌跡，選擇合適的DEX令牌可能是加密愛好者的關鍵舉措。但是，哪些人表現出進入2025年及以後其餘時間的最有望？

Here’s a look at five DEX tokens that are grabbing attention for their ecosystems, innovative features, and potential for gains in the latter half of 2025 and beyond. They are: Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), 1inch Network (1INCH), and the newer contender, Stabull (STABUL).

這是五個Dex令牌，它們引起了其生態系統的關注，創新的特徵以及2025年後期及以後的增長潛力。它們是：Uniswap（Uni），Sushiswap（壽司），pancakeswap（蛋糕），1英寸網絡（1英寸）和更新的競爭者Stabull（Stabul）。

1. Uniswap (UNI): The DeFi Pioneer

1。 UNISWAP（UNI）：Defi Pioneer

The Story: Launched in 2018 by Hayden Adams, Uniswap is credited with truly changing the game by introducing the Automated Market Maker (AMM) model on the Ethereum blockchain in 2019. An AMM is a system that uses mathematical formulas and pools of tokens, supplied by users, to automatically set prices and allow trades, compared to traditional exchanges that match individual buy and sell orders. In 2020, Uniswap deployed its UNI token, distributing it to early users of the platform and enabling community governance.

故事：由海頓·亞當斯（Hayden Adams）於2018年推出，Uniswap通過在2019年在以太坊區塊鏈上介紹自動化的做市商（AMM）模型來真正改變遊戲。 2020年，UnisWap部署了其Uni代幣，將其分發給了平台的早期用戶並實現了社區治理。

Where it Stands: As of April 2025, UNI is currently trading around $6.00 (CoinMarketCap). It’s seen highs and lows, but considering its role in the nascent stages of DeFi, it's notable that it's still in triple digits despite the crypto winter and market downturn.

它的位置：截至2025年4月，UNI目前的交易約為6.00美元（CoinMarketCap）。它已經看到了高潮和低點，但是考慮到它在Defi的新生階段中的作用，儘管加密冬季和市場低迷，但值得注意的是，它仍然處於三位數。

Why it’s Promising: Uniswap is a recognized giant in the DEX space, known for its high liquidity (lots of tokens available for trading) and large trading volume. It’s also a central node in the Ethereum DeFi ecosystem.

為什麼這是有希望的：Uniswap是DEX領域公認的巨人，以其高流動性（可用於交易的大量代幣）和大型交易量而聞名。它也是以太坊除生態系統中的中心節點。

It’s constantly innovating with updates like Uniswap V3, which allows liquidity providers (LPs, who lend their tokens to the pools) to concentrate their funds in specific price ranges, potentially earning more fees. This, combined with its strong reputation and role in the rapidly growing DeFi sector, suggests it could be well-positioned for long-term growth. Some analysts predict significant gains, with forecasts suggesting triple-digit potential by the early 2030s as broader DeFi adoption drives demand for major platforms like Uniswap.

它不斷地通過Uniswap V3等更新進行創新，該更新允許流動性提供商（LPS，將其令牌借給游泳池）以將其資金集中在特定的價格範圍內，並有可能賺取更多費用。這加上了其在快速增長的防禦部門中的強烈聲譽和作用，這表明它可以很好地定位長期增長。一些分析師預測了顯著的收益，預測表明2030年代初期的三位數潛力是更廣泛的偏式採用推動了對諸如UNISWAP等主要平台的需求。

Key Features: Peer-to-peer token swaps, liquidity pools where users earn fees, community governance with UNI tokens.

主要特徵：點對點令牌掉期，用戶獲得費用的流動性池，使用Uni代幣的社區治理。

2. SushiSwap (SUSHI): The Community-Driven Innovator

2。 Sushiswap（壽司）：社區驅動的創新者

The Story: SushiSwap burst onto the scene in 2020. It began as a “fork” (a copy with modifications) of Uniswap but added extra incentives, particularly “yield farming,” where users could accrue generous SUSHI token rewards for providing liquidity. It had a turbulent start with the involvement of its anonymous founder, “Chef Nomi,” who drained funds before transferring control to community members. But the community quickly took over, expanding its features and turning it into a community-governed protocol.

故事：Sushiswap於2020年爆發出現場。它最初是“叉子”（具有修改的副本），但增加了額外的激勵措施，尤其是“產生耕作”，用戶可以在其中獲得慷慨的壽司代幣獎勵，以提供流動性。它的匿名創始人“ Nomi”的參與開始了動蕩的開端，他們在將控制權轉移給社區成員之前耗盡了資金。但是社區很快接管了，擴大了其功能，並將其轉變為社區政府的協議。

Where it Stands: SUSHI is currently priced around $0.67 (CoinMarketCap). It faced challenges with the broader market crash and encountered difficulties with its early fundraising structure, leading to some setbacks. However, it remains a multi-chain DEX with a dedicated community.

它的位置：壽司目前的價格約為0.67美元（CoinMarketCap）。它面臨著更廣泛的市場崩潰面臨的挑戰，並在早期的籌款結構中遇到了困難，導致了一些挫折。但是，它仍然是具有專門社區的多鏈DEX。

Why it’s Promising: SushiSwap isn’t just a Uniswap clone. It has developed unique features like BentoBox, which is a kind of vault that helps manage liquidity more efficiently and reduces gas fees for certain actions. It has also expanded to operate on multiple blockchains, starting with Ethereum and later deploying on Binance Smart Chain (B.S.C.) and aiming for Solana, aiming to attract a wider range of users. While its price history has been volatile, long-term predictions suggest potential for recovery and growth as it continues its multi-chain expansion and develops new revenue streams.

為什麼這是有希望的：SushisWap不僅是單輛克隆。它開發了諸如Bentobox之類的獨特功能，這是一種保險庫，可幫助更有效地管理流動性，並減少某些動作的汽油費用。它還擴展了以在以太坊開始，然後在Binance Smart Chain（BSC）上部署並旨在吸引更廣泛的用戶。儘管它的價格歷史持續了，但長期的預測表明，隨著其延續其多鏈擴展並發展新的收入來源，恢復和增長的潛力。

Key Features: DEX trading, yield farming, staking SUSHI for rewards, BentoBox for efficient liquidity, multi-chain support.

關鍵特徵：DEX交易，產生耕作，壽司以獲得獎勵，Bentobox的有效流動性，多鏈支持。

3. PancakeSwap (CAKE): The Binance Smart Chain Leader

3. pancakeswap（蛋糕）：Binance智能連鎖領導者

The Story: Launched in 2020 on the BNB Chain (formerly Binance Smart Chain), PancakeSwap quickly became the dominant DEX on that network. Its

故事：pancakeswap於2020年在BNB鏈（以前是Binance Smart Chain）上推出，很快就成為該網絡上的主要DEX。它是