Solana Dex的數量激增，超級流動性的上升和Sol的價格搖擺：有什麼問題？

Solana Dex量超過以太坊，超級流動性的優勢使SOL投資者和Sol價格下跌。恢復是否正在地平線上？

Solana's DEX scene is buzzing, but not without its drama. While Solana's DEX volume has recently surpassed Ethereum's, Hyperliquid's rise and a SOL price decline are causing jitters. Let's dive in.

Solana的Dex場景嗡嗡作響，但並非沒有戲劇。儘管Solana的DEX量最近超過了以太坊的量，但Hyperliquid的上升和Sol價格下跌正在引起令人不快的震動。讓我們潛水。

Solana's DEX Volume: A Short-Lived Victory?

Solana的DEX卷：短暫的勝利？

Hold up, did Solana just flip Ethereum in DEX volume? Yep, for a moment there, Solana clocked in $64.1 billion in DEX volume over 30 days, edging past Ethereum's $61.4 billion, according to DefiLlama. Raydium, Pump.fun, and Orca are the main players driving this growth. But before you pop the champagne, remember that overall DEX activity on Solana is still way below (91%!) its January peak.

舉起，Solana只是在DEX量中翻轉以太坊嗎？ Yep在那兒，Solana在30天內的DEX量為641億美元，超過以太坊的614億美元。 Raydium，Pump.Fun和Orca是推動這一增長的主要參與者。但是在您彈出香檳之前，請記住，Solana上的總體DEX活動仍低於（91％！）。

Memecoin Mania Meltdown

Memecoin Mania崩潰

The memecoin frenzy that once fueled Solana's growth is fading faster than a summer tan. Tokens like Giga, Popcat, Fartcoin, PNUT, Bonk, and WIF have all taken a nosedive, losing 25% or more in value. This memecoin slump is casting a shadow on Solana's DEX market share gains.

曾經加劇索拉納（Solana）增長的紀念瘋狂比夏季棕褐色的速度快。諸如Giga，Popcat，Fartcoin，Pnut，Bonk和Wif之類的代幣都毫無疑問，價值25％或更多。這種模因低迷正在對Solana的DEX市場份額收益蒙上陰影。

Hyperliquid's Power Play

超流動的力量發揮

Here's where things get interesting (and a little concerning for SOL bulls). Hyperliquid is emerging as the king of perpetual futures trading. Its 30-day trading volume is a whopping 84% higher than its five largest competitors combined. This shift is making some investors question Solana's long-term dominance. The fear? Other projects might follow Hyperliquid's lead and launch their own independent blockchains, potentially luring away major Solana-based DApps like Pump.fun.

這是事情變得有趣的地方（對於Sol Bulls來說，有點關注）。雜種正在成為永久期貨交易的國王。它的30天交易量比其五個最大競爭對手總和高出84％。這種轉變使一些投資者質疑Solana的長期優勢。恐懼？其他項目可能會跟隨超級流動性的鉛，並推出自己的獨立區塊鏈，並有可能引誘基於Solana的主要DAPP，例如Pump.Fun。

SOL's Price: A Rocky Ride

索爾的價格：艱難的旅程

All this uncertainty is reflected in SOL's price, which has dropped 15% since failing to reclaim the $168 level on June 12. Derivatives data shows a lack of sustained optimism, with perpetual futures showing no sustained optimism for SOL over the past 30 days.

所有這些不確定性都反映在索爾的價格上，自6月12日未能收回168美元以來，它已經下降了15％。衍生品數據表明缺乏持續的樂觀情緒，永恆的期貨在過去30天內對SOL沒有持續的樂觀情緒。

Hope on the Horizon?

希望上場？

It's not all doom and gloom. The potential approval of a Solana spot ETF by the SEC in October could be a game-changer. In the meantime, Solana's technical strengths, like its robust base layer and lack of an offchain matching engine, offer some support. Plus, Solana's low fees and high scalability could pave the way for a price recovery to the $180 mark, even before the ETF decision.

這並不是厄運和憂鬱。 SEC在10月份獲得SOLANA斑點ETF的潛在認可可能會改變遊戲規則。同時，Solana的技術優勢，例如其強大的基礎層和缺乏截緣匹配的引擎，提供了一些支持。另外，甚至在ETF決定之前，Solana的低費用和高可伸縮性都可以為價格恢復到180美元的道路鋪平道路。

Final Thoughts: Solana's Balancing Act

最終想法：Solana的平衡行為

Solana's in a bit of a tightrope walk right now. It's gotta balance the hype of memecoins with building a solid ecosystem. Hyperliquid's a wildcard, but Solana's got the tech to bounce back. Will it reclaim its throne? Only time will tell. But one thing's for sure: the Solana story is far from over, and it is going to be a fun ride!

索拉納（Solana）現在正處於繩索步行路程中。必須通過建立堅實的生態系統來平衡模因的炒作。超級流動性是通配符，但索拉納（Solana）使技術反彈。它會收回其寶座嗎？只有時間會證明。但是可以肯定的是：《索拉納故事》還遠遠沒有結束，這將是一個有趣的旅程！