Solana，Axiom Exchange和收入：導航Defi的未來

深入了解Solana的收入格局，重點是公理交易所的上升以及液體含有令牌（LST）對Solana ETF的潛在影響。

Solana, Axiom Exchange, and Revenue: Navigating the Future of DeFi

Solana，Axiom Exchange和收入：導航Defi的未來

The Solana ecosystem is buzzing, and at the forefront of innovation are platforms like Axiom Exchange and the evolving regulatory landscape surrounding Solana ETFs. Let's break down the key trends and insights shaping Solana's revenue streams.

Solana生態系統正在嗡嗡作響，在創新的最前沿，是Axiom Exchange和Solana ETF周圍不斷發展的監管景觀等平台。讓我們打破塑造Solana的收入來源的關鍵趨勢和見解。

Axiom Exchange: A Rising Star on Solana

公理交換：Solana上的後起之秀

Launched in 2024, Axiom Exchange has quickly become a significant player in the decentralized trading space. Founded by Henry Zhang and Preston Ellis, this platform has not only secured backing from Y Combinator and $500,000 in seed funding, but it also boasts impressive user engagement, with 4.3 million monthly visitors as of February 2025. According to DefiLlama, Axiom is now the top revenue-generating protocol on Solana. Not too shabby!

Axiom Exchange於2024年推出，已迅速成為分散交易領域的重要參與者。該平台由亨利·張（Henry Zhang）和普雷斯頓·埃利斯（Preston Ellis）創立，不僅為Y Combinator提供了支持和500,000美元的種子資金支持，而且還具有令人印象深刻的用戶參與度，截至2025年2月，每月的訪客430萬。不太破舊！

What Makes Axiom Stand Out?

是什麼使Axiom脫穎而出？

Axiom's cross-chain functionality is a major draw. It allows traders to access various blockchains like Ethereum, Solana, and Polkadot without the hassle of moving assets between platforms. Plus, it supports a wide range of digital assets and offers tools like real-time market data, automated trading systems, and yield farming options. The platform even offers up to 20x leverage for perpetual contracts. Talk about options!

Axiom的跨鏈功能是一個主要吸引力。它允許交易者訪問各種區塊鏈，例如以太坊，Solana和Polkadot，而不會在平台之間進行移動資產的麻煩。另外，它支持廣泛的數字資產，並提供諸如實時市場數據，自動交易系統以及產生耕作選擇之類的工具。該平台甚至為永久合同提供多達20倍的槓桿作用。談論選項！

Rewarding Users and Fostering Growth

獎勵用戶並促進增長

Axiom's reward system incentivizes trading activity and referrals. Traders earn points based on their trading volume, and those who refer others benefit from a tiered reward structure. While there's no guarantee of a token airdrop just yet, the potential for future benefits keeps users engaged and actively participating in the platform's growth.

Axiom的獎勵系統激勵交易活動和推薦。貿易商根據其交易量獲得積分，而推薦他人的人則從分層的獎勵結構中受益。雖然尚無保證象徵性的空投，但未來利益的潛力使用戶參與並積極參與該平台的增長。

The Push for Solana ETFs and Liquid Staking Tokens (LSTs)

推動Solana ETF和液體佔有代幣（LSTS）的推動力

The financial world is eyeing Solana, with firms like Bitwise and VanEck actively lobbying the SEC to approve the inclusion of liquid staking tokens (LSTs) in potential Solana exchange-traded products (ETPs), including ETFs. This move could revolutionize how investors interact with Solana.

金融界正在關注Solana，像Bitwise和Vaneck這樣的公司積極遊說SEC批准將液體含有令牌（LSTS）納入潛在的Solana Exchange-Fraded產品（ETP），包括ETF，包括ETF。這一舉動可以徹底改變投資者與Solana的互動方式。

Why LSTs Matter

為什麼LST很重要

LSTs, such as JitoSOL, allow investors to stake their assets while maintaining liquidity. This means potentially higher returns without locking up funds – a win-win! Integrating LSTs into ETPs could enhance liquidity, reduce risk, and offer higher yields, potentially setting a regulatory precedent for future ETPs.

LST，例如Jitosol，允許投資者在維持流動性的同時存放其資產。這意味著在不鎖定資金的情況下可能會獲得更高的回報 - 雙贏！將LST整合到ETP中可以提高流動性，降低風險並提供更高的收益率，並有可能為將來的ETP設定監管先例。

Navigating the Regulatory Landscape

導航監管景觀

The SEC's decision is the linchpin. The debate centers on whether staking should be classified as a securities transaction. With seven asset managers, including Grayscale and Fidelity, submitting revised S-1 registration statements, the industry is clearly pushing for regulatory alignment. While approval isn't a done deal, analysts estimate a high likelihood of spot Solana ETFs, though the inclusion of LSTs remains the big question mark.

SEC的決定是Linchpin。辯論集中於是否應將其分類為證券交易。有七位資產經理，包括灰度和忠誠度，提交了修訂後的S-1註冊表，該行業顯然正在推動監管一致性。儘管批准不是完成交易的，但分析師估計，儘管包含LST仍然是一個很大的問號，但分析師估計了現貨Solana ETF的可能性很高。

The Bigger Picture: Coinbase's Recent Struggles

大局：Coinbase最近的掙扎

While Solana and Axiom Exchange are showing promise, it's worth noting that not everyone in the crypto space is having a smooth ride. Coinbase's recent earnings miss, resulting in a significant drop in share price, highlights the volatility and challenges in the broader crypto market. While Coinbase is working on new initiatives, the market is currently focused on trading performance and operational costs.

儘管Solana和Axiom Exchange表現出希望，但值得注意的是，並非加密貨幣空間中的每個人都在順利進行。 Coinbase最近的收益失誤，導致股價大幅下跌，突出了更廣泛的加密市場的波動性和挑戰。儘管Coinbase正在開展新計劃，但市場目前專注於交易績效和運營成本。

Final Thoughts

最後的想法

The Solana ecosystem is a dynamic and exciting space. Axiom Exchange's success demonstrates the potential for innovative DeFi platforms, while the push for Solana ETFs with LSTs signals a growing acceptance from institutional finance. Despite broader market fluctuations, the future looks bright for Solana. So, keep your eyes peeled, stay informed, and maybe throw a little SOL into the mix. Who knows what tomorrow might bring in the wild world of crypto?

Solana生態系統是一個充滿活力而令人興奮的空間。 Axiom Exchange的成功證明了創新的Defi平台的潛力，而對LSTS的Solana ETF的推動信號表明機構金融越來越接受。儘管市場波動更大，但Solana的未來看起來光明。因此，請保持眼睛剝皮，保持知情，並可能將一些Sol扔進混合物中。誰知道明天會帶來加密世界的野生世界？