Raydium鞏固了其作為Solana的頂級分散交換（DEX）的地位

根據彌賽亞的最新報告，雷迪恩（Raydium）鞏固了其作為索拉納（Solana）連續第四季度的索拉納（Solana）頂級分散交易所（DEX）的地位。

Decentralized exchange (DEXs) protocol Raydium (RAY) maintained its standing as the leading decentralized exchange (DEX) on Solana (CRYPTO: ATOM) for the fourth consecutive quarter in Q1 2025, according to the latest State of Raydium Report by Messari.

根據Messari的最新報告，分散的交換（DEXS）協議Raydium（Ray）在第1季度2025年第1季度連續第四季度，在Solana（Crypto：Atom）上保持了其領先的分散交流（DEX）的地位。

The protocol’s performance was largely shaped by the viral debut of former President Donald Trump’s meme token, TRUMP, which launched on January 15. Its launch sparked a surge in trading activity, which peaked at a single-day high of $16 billion on January 19.

該協議的表現在很大程度上是由前總統唐納德·特朗普（Donald Trump）的模因象徵特朗普（Trump）的病毒式首次亮相。

The protocol’s daily trading volume averaged $3.6 billion, showcasing a 12.7% quarter-over-quarter (Q4) increase. January alone saw an outstanding $195.8 billion in total monthly volume.

該協議的日常交易量平均為36億美元，顯示了季度四分之一（第4季度）的12.7％。僅一月份，每月總量就有1,958億美元。

However, the momentum quickly fizzled out. By March 31, daily volume had dropped sharply to $709.6 million. This decline coincided with a broader market cooldown and was evident in Raydium’s average of $1.1 billion daily in March, a 66% decrease from January’s record.

但是，動力很快消失了。到3月31日，每日數量已急劇下降至7.096億美元。這種下降與更廣泛的市場冷卻率相吻合，在3月份的雷迪姆平均每天11億美元，比一月份的記錄下降了66％。

Despite the setback, Raydium retained a 46.9% share of Solana’s DEX volume, although it was down from 56.0% in Q4 2024.

儘管遇到了挫折，但Raydium仍保留了Solana DEX量的46.9％，儘管它比第4季度2024年的56.0％下降。

It is important to note that Raydium lost its previous majority control of the Solana DEX ecosystem. Its share dropped below 50% for the first time, a shift from previous quarters where it consistently captured a majority share of the Solana DEX volume.

重要的是要注意，Raydium失去了對Solana Dex生態系統的多數控制。它的份額首次下降到50％以下，這是從前幾個季度持續捕獲Solana DEX量的大部分份額的轉變。

Meme Tokens Boost Solana DEX Trading Activity

模因令牌增強索拉納DEX交易活動

The market frenzy witnessed early in the quarter was largely driven by the launches of high-profile meme tokens, including TRUMP, MELANIA, and LIBRA, which sparked unprecedented levels of trading activity.

在本季度初目睹的市場瘋狂，主要是由包括特朗普，梅拉尼亞和天秤座在內的備受矚目的模因令牌推出的，這引發了前所未有的交易活動水平。

In a surprising turn of events, Meteora (MTR) briefly surpassed Orca (ORC) as Solana’s second-largest DEX, reaching a peak of 31.8% of Solana DEX volume on February 14 following the debut of LIBRA. Nevertheless, the project’s collapse amid allegations of insider manipulation led to the resignation of Co-Founder Ben Chow. By the last quarter, Meteora’s share dropped to 11.8%.

在一個令人驚訝的事件中，Meteora（MTR）短暫超過了Orca（ORC）作為Solana的第二大DEX，在2月14日的Libra首次亮相後，2月14日達到了Solana Dex量的31.8％。儘管如此，該項目的崩潰在指控內幕操縱的指控導致聯合創始人本·週（Ben Chow）辭職。到上個季度，埃泰拉的份額下降到11.8％。

Meme tokens contributed 20.0% to Raydium’s trading activity in Q1, up from 14.3% a year ago but down from 27.9% in Q4.

Meme令牌為Raydium在第一季度的交易活動貢獻了20.0％，高於一年前的14.3％，但從第四季度的27.9％下降。

Meanwhile, AI tokens saw a 130% quarter-over-quarter surge in volume share, showcasing a broader narrative-driven hype that significantly influences user activity on Solana DEXs.

同時，AI代幣的體積份額中有130％的四分之一激增，展示了更廣泛的敘事驅動炒作，從而顯著影響了對Solana Dexs的用戶活動。

Beyond memes and AI, the network saw the liquidity pool launches for tokens like SONIC, FDUSD, PORTAL, and zBTC.

除了模因和AI之外，網絡還看到了Sonic，Fdusd，Portal和ZBTC等代幣的流動性池推出。

Raydium Earns $402.8M in Fees in January Alone

Raydium僅在一月份就賺取了4.028億美元的費用

Earlier in January, Raydium launched its beta version of Perpetual Futures, named Raydium Perps, marking its foray into derivatives trading.

1月初，Raydium推出了其Beta版的永久期貨，名為Raydium Perps，標誌著其進入衍生品交易。

The platform, powered by Orderly Network’s liquidity layer, enabled zero-gas and high-leverage trading on over 110 pairs. Initially, the service offered no fees on the first maker trades, and it peaked daily at $116 million in early February before slowing to $11.8 million by the end of the quarter.

該平台由有序的網絡的流動性層提供動力，使零氣和高槓桿交易以110對超過110對。最初，該服務對第一批製造商的交易沒有任何費用，並且在2月初的每天達到1.16億美元的峰值，到本季度末放緩至1,180萬美元。

Despite the challenges faced by its trading volume, Raydium achieved a record-high of $402.8 million in fees last month alone. This drove the quarterly average daily fees to $7.5 million, a 6.4% increase from Q4. At one point, the platform even outpaced Tether (CRYPTO: USDT) in daily fee generation.

儘管其交易量面臨挑戰，但僅上個月，Raydium就達到了創紀錄的4.028億美元。這將季度平均每日費用提高到750萬美元，比第四季度增加6.4％。在某一時刻，該平台甚至超過了每日收費的繫帶（加密：USDT）。