Raydium 引領 Solana DeFi 交易量成長

Solana DeFi 正在上升到新的高度，但它仍然是模因幣。

Benefit from the Lightspeed e-newsletter on Blockworks.co. Get the information delivered on to your inbox tomorrow.

受益於 Blockworks.co 上的 Lightspeed 電子報。明天將訊息發送到您的收件匣。

Subscribe to the Lightspeed newsletter.

訂閱光速通訊。

Howdy!

你好！

My bike received stolen from in entrance of my condo final evening, which — and I promise this isn’t simply me coping — I had form of been hoping would occur, as a result of the bike actually doesn’t have brakes and its seat was caught on the lowest peak.

昨晚，我的自行車在我的公寓門口被偷了，我保證這不僅僅是我要應對的事情，我本來希望會發生這種情況，因為這輛自行車實際上沒有煞車和座椅被困在最低的山峰上。

So, your ill-gotten new bike sucks. Get pranked, thief. In any case:

所以，你那輛來路不明的新車很糟糕。惡作劇吧，小偷。任何狀況之下：

Raydium leads the best way as Solana DeFi volumes develop

隨著 Solana DeFi 交易量的發展，Raydium 處於領先地位

Solana DeFi is reaching new heights — and it’s nonetheless memecoins all the best way down.

Solana DeFi 正在達到新的高度，但它仍然是模因幣，並且一路走低。

For the primary time in its historical past, Solana seems poised to surpass Ethereum in trailing 30-day quantity for decentralized alternate buying and selling. Put one other means, Solana seems close to outpacing the Ethereum blockchain in DeFi buying and selling for a complete month — somewhat than the occasional 24-hour window that Solana boosters are wont to publish about. 

Solana 在去中心化替代交易的過去 30 天交易量方面似乎首次超越以太坊。換句話說，Solana 在整整一個月的 DeFi 交易中似乎接近超過以太坊區塊鏈，而不是 Solana 支持者偶爾發布的 24 小時窗口。

(Additionally, notably: the Ethereum determine cited above doesn’t account for layer-2s.)

（此外，值得注意的是：上面引用的以太坊模型不考慮第 2 層。）

The story of Solana’s current DeFi progress appears to closely contain the decentralized alternate Raydium, which has made itself the sector’s buying and selling big. 

Solana 目前 DeFi 進展的故事似乎與去中心化替代品 Raydium 密切相關，後者已使該行業的買賣規模擴大。

A 12 months in the past, Raydium accounted for roughly 25% of Solana DeFi quantity. At this time, Raydium accounts for greater than 60% of Solana DEX quantity, in keeping with a Dune Analytics dashboard. 

12 個月前，Raydium 約佔 Solana DeFi 數量的 25%。根據 Dune Analytics 儀表板的數據，目前 Raydium 佔 Solana DEX 數量的 60% 以上。

This has largely come on the expense of Orca, which has seen its share fall from over 60% final August to round 20% immediately. A unique dashboard exhibits that Raydium has additionally lately surpassed the favored DEX aggregator Jupiter in buying and selling quantity share.

這很大程度上是 Orca 的損失造成的，Orca 的份額從去年 8 月的 60% 以上下降到了 20% 左右。一個獨特的儀表板顯示，Raydium 最近在交易量份額方面也超過了受歡迎的 DEX 聚合商 Jupiter。

A lot of Raydium’s quantity comes from memecoins. CoinGecko information shows the Popcat token accounted for over 10% of Raydium spot quantity prior to the past 24 hours. Michi and dogwifhat were second and third, respectively.

Raydium 的大量數量來自模因幣。 CoinGecko資料顯示，過去24小時之前，Popcat代幣佔Raydium現貨數量的10%以上。 Michi 和 Dogwifhat 分別排名第二和第三。

Marginfi co-founder MacBrennan Peet told me that he, too, has been seeing “a ton of long-tail tokens seize a ton of consideration lately.” (Lengthy-tail tokens seek advice from lesser-known cryptos.) It seems that Solana’s DeFi summer season is broadly nonetheless being pushed by memecoins.

Marginfi 聯合創始人 MacBrennan Peet 告訴我，他也看到「大量的長尾代幣最近吸引了大量的關注」。 （長尾代幣向鮮為人知的加密貨幣尋求建議。）Solana 的 DeFi 夏季似乎仍然是由模因幣推動的。

Curiously, Raydium’s use was partly helped alongside by its partnership with memecoin launch pad Pump.enjoyable, which would ship sufficiently-liquid tokens to commerce on Raydium. However Pump.enjoyable’s fee revenue has considerably stagnated in current weeks whereas Raydium’s revenue has grown. 

奇怪的是，Raydium 的使用在一定程度上得益於其與 memecoin 啟動平台 Pump.enjoyable 的合作，後者將向 Raydium 上的商業提供足夠流動的代幣。然而，Pump.enjoyable 的費用收入在最近幾週大幅停滯，而 Raydium 的收入卻在增加。

If you wished to tug a narrative out of this, it might be that Pump.enjoyable’s splattering of longshot memecoins didn’t prove to be very fun in comparison with betting on more-established memecoins — the place your probabilities would possibly nonetheless be low, however at the very least there are quite a lot of different buyers in it with you. 

如果你想從中扯出一個故事，那麼與押注於更成熟的 memecoin 相比，Pump.enjoyable 的遠景 memecoin 的散佈可能並沒有那麼有趣——你的機率可能仍然很低，但至少有很多不同的買家和你在一起。

However I’d take heed earlier than making an excessive amount of of those figures, as a result of they’re notoriously gameable and topic to vary.

但在製作過多的這些人物之前，我會小心謹慎，因為眾所周知，它們具有可玩性並且主題各不相同。

The memecoin regime might not final without end although. Jito’s Andrew Thurman identified that there are “quite a lot of attention-grabbing merchandise that don’t have a brilliant dominant equal but” on Solana, pointing to Ethereum’s “artificial greenback” Ethena and yield tokenization platform Pendle as a pair examples. 

不過，迷因幣政權可能不會永遠結束。 Jito 的 Andrew Thurman 指出，Solana 上有“相當多引人注目的產品，但沒有出色的主導地位”，並以以太坊的“人造美元”Ethena 和收益代幣化平台 Pendle 為例。

Thurman additionally identified Solana’s wholesome stage of stablecoin motion relative to the quantity of stables onchain, or the entire worth locked (TVL). Solana’s stablecoin provide is in between that of Arbitrum and Base, however Solana noticed greater than triple the stablecoin switch quantity of both layer-2 over the previous 24 hours, in keeping with Artemis. 

Thurman 還確定了 Solana 相對於鏈上穩定幣數量或鎖定總價值 (TVL) 的穩定幣運行狀況。 Solana 的穩定幣供應量介於 Arbitrum 和 Base 之間，但根據 Artemis 的說法，Solana 注意到在過去 24 小時內這兩個 Layer-2 的穩定幣切換數量增加了三倍以上。

“Complete lot extra velocity, and ultimately the TVL sums will comply with,” Thurman wrote.

「完全提高速度，最終 TVL 金額將符合要求，」瑟曼寫道。

— Jack Kubinec

— 傑克·庫比內克

Zero In 

歸零

20%

20%

That’s how a lot of the entire PYUSD provide has been deposited into Kamino Finance, in keeping with information from Artemis and Kamino — an eye-popping proportion enabled by incentives spending.

根據 Artemis 和 Kamino 的訊息，PYUSD 的大部分資金就是這樣存入 Kamino Finance 的——激勵支出帶來的比例令人瞠目結舌。

PayPal deployed its stablecoin on Solana in late Might. On July 1, Kamino announced an incentivized PYUSD launch the place customers would obtain boosted rewards for depositing the stablecoin on Kamino. 

PayPal 於 5 月下旬在 Solana 上部署了其穩定幣。 7 月 1 日，Kamino 宣布推出激勵性 PYUSD，客戶將穩定幣存入 Kamino 可以獲得更高的獎勵。

These supplying PYUSD on the platform are at present incomes 16.43% APY, in keeping with Kamino’s web site. 

據卡米諾網站稱，這些在平台上提供 PYUSD 的目前年化收入為 16.43%。

We’ve reported that PYUSD on Solana is supposed for funds use circumstances, however for now, it appears to be discovering product-market match amongst

我們已經報導過 Solana 上的 PYUSD 旨在用於資金使用情況，但目前，它似乎正在發現產品與市場的匹配