Pumpfun vs. Hyproliquid：加密西部野外收入的戰鬥

pumpfun正在偷雜種的雷聲。這是模因硬幣躁狂症還是加密收入產生的戰略轉變？

PumpFun and Hyperliquid have become synonymous with revenue generation. Buckle up, because things are moving fast in the cryptosphere. PumpFun, a Solana-based meme coin launchpad, has been making waves, even surpassing decentralized exchange (DEX) Hyperliquid in daily revenue. Let's dive into this dynamic and see what it means for the future of crypto revenue.

Pumpfun和Hyproliquid已成為收入產生的代名詞。系扣，因為在加密層中情況正在快速移動。 Pumpfun是一家位於索拉納的Meme Coin Launchpad，一直在浪潮，甚至超過了日常收入中的分散交易所（DEX）超流動性。讓我們深入研究這種動態，看看它對加密貨幣收入的未來意味著什麼。

PumpFun Overtakes Hyperliquid: A Meme Coin Moment?

pumpfun超過了超流動性：模因硬幣時刻？

PumpFun has recently outpaced Hyperliquid in daily revenue. According to DeFiLlama, PumpFun generated $2.55 million in 24-hour revenue, edging out Hyperliquid's $2.21 million. While Tether and Circle still lead the pack, PumpFun's surge is noteworthy.

Pumpfun最近在每日收入中超過了超級流動。根據Defillama的說法，Pumpfun的收入為255萬美元，籌集了超流動性的221萬美元。雖然繫繩和圓圈仍然領先，但Pumpfun的激增值得注意。

PumpFun's cumulative revenue sits at $784.56 million, fueled by a flat 0.05% swap fee. Since its January 2024 launch, it has facilitated the creation of over 12.69 million meme coins. This begs the question: are we witnessing a resurgence of meme coin mania, or is there more to the story?

Pumpfun的累計收入為7.8456億美元，並以0.05％的交換費為推動。自2024年1月推出以來，它促進了超過1,269萬個模因硬幣的創造。這就引出了一個問題：我們是目睹模因硬幣狂熱的複興，還是故事還有更多？

Project Ascend: PumpFun's Strategy for Longevity

項目上升：Pumpfun的壽命策略

PumpFun's recent success is partly attributed to Project Ascend, unveiled on September 2nd. This initiative aims to foster long-term sustainability for meme coins launched on the platform. A key component is Dynamic Fees V1, a tiered model that reduces creator fees as a token's market cap grows. This discourages pump-and-dump schemes and rewards developers who build community-backed tokens.

Pumpfun最近的成功部分歸因於9月2日揭幕的Project Ascend。該計劃旨在為在平台上發起的模因硬幣促進長期可持續性。一個關鍵組件是動態費用V1，這是一個分層模型，它隨著代幣的市值的增長而降低創建者費用。這阻止了建立社區支持的代幣的泵送和降低計劃和獎勵開發人員。

Buyback initiatives have also played a role, with total buybacks reaching $69.5 million. These buybacks, funded by platform revenue, support PUMP token value. The number of unique PUMP holders has grown to 72,082, indicating increased adoption.

回購計劃也發揮了作用，總回購達到6950萬美元。這些回購由平台收入資助，支持泵令牌價值。獨特的泵持有人的數量已增長到72,082，表明採用率增加。

Hyperliquid: Still a Force to Be Reckoned With

超級流動：仍然是一支不可忽視的力量

Hyperliquid, a decentralized derivative platform built on its Layer-1 blockchain, has garnered significant investor interest. Its features in decentralized perpetuals have led to $651 million in cumulative revenue. While PumpFun has temporarily surpassed it, Hyperliquid remains a key player in the DeFi space.

Hyperliquid是一個基於其1層區塊鏈的分散衍生化平台，它引起了極大的投資者的興趣。它在分散的永久性中的特徵導致了6.51億美元的累計收入。儘管Pumpfun暫時超過了它，但超流動仍然是Defi空間中的關鍵參與者。

Hyperliquid is up 2% since yesterday – one of the few altcoins in the green – and is now the 12th-largest crypto, almost overtaking Chainlink. This custom Layer-1 built for decentralized derivatives offers near-instant execution, gas-free trading, and deep order books that feel CEX-like but live on-chain.

自昨天以來，Hyproliquid上漲了2％ - 綠色的少數山寨幣之一 - 現在是第12大加密貨幣，幾乎超過了連鎖鏈接。為分散衍生品製造的這一定制層1提供了近乎固有的執行，無氣交易和深訂單的書籍，這些書籍感覺像Cex一樣，但可以實現鍊鍊。

edgeX: The Dark Horse in the Perp DEX Race

Edgex：Perp Dex種族中的黑馬

Another contender in the decentralized exchange arena is edgeX, a perp DEX built on a ZK (Zero-Knowledge) architecture. Despite operating for only a year, edgeX has surpassed major blockchain platforms in 24-hour revenue. Its revenue is more than double that of GMX and more than five times that of dYdX.

分散交換領域中的另一個競爭者是Edgex，這是建立在ZK（零知識）體系結構上的PERP DEX。儘管僅運行了一年，但Edgex還是超過了24小時收入的主要區塊鏈平台。它的收入是GMX的兩倍以上，是DYDX的五倍以上。

edgeX offers competitive trading depth and fees, making it an attractive option for traders. Within a 0.01% price range, edgeX's order book can support up to $6M in BTC orders. Makers pay only 0.015%, and Takers pay 0.038%, lower than Hyperliquid's 0.045%.

Edgex提供有競爭力的交易深度和費用，使其成為交易者的吸引人選擇。在0.01％的價格範圍內，Edgex的訂單簿可支持高達600萬美元的BTC訂單。製造商僅支付0.015％的費用，而接受者則支付0.038％的費用，低於超級流動性的0.045％。

The Big Picture: Revenue Generation in Crypto

大局：加密貨幣的收入產生

The competition between PumpFun, Hyperliquid, and edgeX highlights the dynamic nature of crypto revenue generation. PumpFun's meme coin focus has proven lucrative, while Hyperliquid's decentralized derivatives platform continues to attract traders. edgeX is emerging as a strong contender with its innovative ZK architecture and competitive fees.

Pumpfun，Hyproliquid和Edgex之間的競爭突出了加密收入產生的動態性質。 Pumpfun的Meme硬幣焦點已證明是有利可圖的，而Hyproliquid的分散衍生品平台繼續吸引交易者。 Edgex以創新的ZK架構和競爭性費用成為強大的競爭者。

My Take: A Sign of Shifting Sands

我的看法：變化沙子的跡象

Personally, I think PumpFun's recent surge is more than just a meme coin moment. It reflects a growing demand for accessible and engaging crypto platforms. While meme coins are inherently risky, PumpFun's Project Ascend shows a commitment to long-term sustainability, aiming to 100x the pump fun ecosystem and boost long-term sustainability for memecoins launched on the platform.

就個人而言，我認為Pumpfun最近的激增不僅僅是模因硬幣時刻。它反映了對可訪問且引人入勝的加密平台的需求不斷增長。儘管Meme硬幣本質上是風險的，但Pumpfun的項目上升表現出對長期可持續性的承諾，旨在使100倍泵有趣的生態系統和在平台上推出的Memecoins的長期可持續性。

The rise of platforms like PumpFun, Hyperliquid, and edgeX underscores the need for innovation and adaptability in the crypto space. The future of revenue generation will likely be shaped by platforms that can cater to diverse user needs while fostering sustainable ecosystems.

諸如Pumpfun，Hyproliquid和Edgex之類的平台的崛起強調了加密空間中對創新和適應性的需求。收入產生的未來可能會由可以滿足各種用戶需求的平台來塑造，同時促進可持續的生態系統。

Wrapping Up

總結

So, there you have it! The battle for crypto revenue supremacy is heating up, and it's anyone's game. Whether you're a meme coin enthusiast, a DeFi devotee, or just a curious observer, there's never a dull moment in the world of crypto. Keep your eyes peeled, because who knows what tomorrow will bring? Maybe Doge will fly to the moon. Now, if you'll excuse me, I'm off to research the next big thing (probably involving cats and laser eyes). Later!

所以，你有！加密收入至高無上的戰鬥正在加熱，這是任何人的遊戲。無論您是模因硬幣愛好者，奉獻者還是一個好奇的觀察者，在加密貨幣世界中，從來都不是一個沉悶的時刻。讓您的眼睛剝皮，因為誰知道明天會帶來什麼？也許Doge會飛到月球。現在，如果您原諒我，我要去研究下一件大事（可能涉及貓和激光眼）。之後！