深色池统治：湿地木在索拉纳dex上的兴起

Humidifi现在是Solana上的顶级DEX，其深色池和Prop Amms吸引了机构和高频交易者。会持续吗？

Dark Pool Domination: HumidiFi's Rise on Solana DEX

深色池统治：湿地木在索拉纳dex上的兴起

Solana's DEX landscape is heating up! HumidiFi, a dark pool protocol, has surged to the top, surpassing rivals with its impressive trading volume. But what's driving this surge, and what does it mean for the future of Solana DEXs?

Solana的Dex景观正在加热！黑池协议Humidifi猛增到顶部，超过了竞争对手，其令人印象深刻的交易量。但是，什么在推动这一激增，这对Solana Dex的未来意味着什么？

HumidiFi's Meteoric Rise

Humidifi的迅速崛起

HumidiFi recently snagged the top spot on Solana's DEX charts, boasting a whopping $8.55 billion in weekly trading volume. This dark pool protocol, leveraging proprietary automated market makers (Prop AMMs), has outpaced established players like Meteora and Raydium. On September 25th alone, HumidiFi processed a record $1.92 billion in trades, a significant chunk of Solana's total daily volume. How did they do it?

Humidifi最近在Solana的Dex排行榜上占据了第一名，每周交易量高达85.5亿美元。该深色池协议利用专有自动化的做市商（Prop AMM）超过了诸如Meteora和Raydium之类的成熟参与者。仅9月25日，Humidifi就处理了创纪录的19.2亿美元交易，这是Solana每日总量的很大一部分。他们是怎么做到的？

The Allure of Dark Pools

黑暗游泳池的魅力

Prop AMMs, often called dark pools, operate a bit differently. They quote prices privately and route trades through aggregators instead of public order books. This offers private execution and reduced slippage, a major draw for large traders who prefer to keep their moves under wraps. Data even suggests these protocols can achieve negative spreads, leading to exceptionally cost-efficient swaps. It’s attracting professional market participants seeking deep liquidity and private routing, allowing whales to execute large trades discreetly.

Prop Amms（通常称为黑池）的运行方式有所不同。他们私下引用价格，并通过汇总者而不是公共秩序书籍进行交易。这提供了私人执行和减少滑移，这是大型交易者的主要吸引力，他们更喜欢将其搬到包裹中。数据甚至表明这些协议可以实现负差，从而导致异常成本效益的掉期。它吸引了寻求深厚流动性和私人路线的专业市场参与者，使鲸鱼可以谨慎地执行大型交易。

Competition and the Broader Landscape

竞争和更广阔的景观

While HumidiFi's numbers are impressive, the competition remains fierce. Raydium continues to be a leader with its robust liquidity and community incentives. Meteora also maintains a strong market share through integrations and partnerships. PumpSwap caters to retail traders chasing the next Solana meme coin. The rise of dark pools is also boosting Jupiter's volumes, as it acts as a key router for these hidden orders.

尽管Humidifi的数字令人印象深刻，但比赛仍然激烈。雷迪恩（Raydium）继续以强大的流动性和社区激励措施成为领导者。 Meteora还通过一体化和合作伙伴关系保持了强大的市场份额。 Pumpswap迎合了追逐下一个Solana Meme Coin的零售交易者。黑暗池的兴起也在增强木星的卷，因为它是这些隐藏订单的关键路由器。

A Shift in the Tide?

潮流转变？

The rise of HumidiFi, alongside other protocols offering similar dark pool services like Aster DEX, suggests a potential shift in preference towards privacy and efficiency. But as one X user pointed out, traders clearly want speed and privacy. Is this the dawn of dark pools in DeFi?

Humidifi的兴起，以及提供类似的黑池服务等其他协议，表明对隐私和效率的偏好可能会转变。但是正如一个X用户指出的那样，交易者显然需要速度和隐私。这是Defi中黑暗游泳池的曙光吗？

The Tradeoffs: Privacy vs. Transparency

权衡：隐私与透明度

While dark pools offer benefits like reduced slippage and front-running protection, they also raise questions about transparency in DeFi. Some argue that these pools could make DeFi less clear, as ordinary retail traders may not be able to see or react to trades made by larger players. It's a balancing act between privacy and fairness.

虽然黑暗的游泳池提供了诸如减少滑移和前进保护之类的好处，但它们也提出了有关DEFI透明度的问题。有人认为，这些池可能会使Defi不太清楚，因为普通的零售交易者可能无法看到或对较大玩家进行的交易做出反应。这是隐私与公平之间的平衡行为。

Final Thoughts

最后的想法

HumidiFi's explosive growth proves that innovation can rapidly reshape the Solana ecosystem. By combining privacy features, advanced liquidity models, and incentives, they've attracted both retail and institutional activity. Raydium and Meteora are still major players, but HumidiFi's rise signals that the DEX race is far from over. The growth of HumidiFi shows how quickly new ideas can change the Solana ecosystem, with a weekly trading volume of $8.55 billion.

Humidifi的爆炸性增长证明，创新可以迅速重塑Solana生态系统。通过结合隐私功能，先进的流动性模型和激励措施，它们吸引了零售和机构活动。 Raydium和Meteora仍然是主要参与者，但Humidifi的Rise表示DEX比赛还远远没有结束。 Humidifi的增长表明，新想法能够迅速改变Solana生态系统，每周的交易量为85.5亿美元。

So, will HumidiFi maintain its reign? Only time will tell. But one thing's for sure: the Solana DEX landscape is more exciting (and slightly more mysterious) than ever before. Buckle up, folks, it's gonna be a wild ride!

那么，Humidifi会维持其统治吗？只有时间会证明。但是可以肯定的是：Solana Dex景观比以往任何时候都更令人兴奋（并且更神秘）。搭扣，伙计们，这将是一个疯狂的旅程！