5 dex令牌在2025年观看：uniswap（uni），寿司瓦普（寿司），煎饼（蛋糕），1英寸网络（1英寸）和Stabull Finance（Stabul）

加密货币的世界一直在移动，分散的交流（DEX）正是行动的核心。

Decentralized Exchanges (DEXs) are a booming area of Decentralized Finance (DeFi). These platforms, powered by blockchain technology, allow users to trade digital assets directly with each other without needing a central authority. This stands in contrast to traditional exchanges, such as the stock market or centralized crypto platforms, which act as intermediaries.

分散交换（DEX）是分散融资（DEFI）的蓬勃发展的领域。这些平台由区块链技术提供支持，允许用户直接彼此交易数字资产而无需中央权威。这与传统交流（例如股票市场或集中的加密平台）相反，这些平台充当中介。

DEXs are a core part of Web3, the decentralized vision of the internet. They offer more control, greater access, and new opportunities for participation in the financial system. However, they also come with their own set of challenges and opportunities.

DEX是Web3的核心部分，Web3是Internet的分散视野。他们提供了更多的控制权，更大的访问权限和新的参与金融系统的机会。但是，他们还带有自己的一系列挑战和机遇。

At the heart of these DEX platforms are their native tokens. These tokens often confer voting rights on the platform’s future, potential rewards, and other benefits to their holders. As DeFi continues its growth trajectory, picking the right DEX token could be a key move for crypto enthusiasts. But which ones show the most promise heading into the rest of 2025 and beyond?

这些DEX平台的核心是它们的本地令牌。这些代币通常会授予平台未来，潜在的奖励和其他利益的投票权。随着Defi继续其增长轨迹，选择合适的DEX令牌可能是加密爱好者的关键举措。但是，哪些人表现出进入2025年及以后其余时间的最有望？

Here’s a look at five DEX tokens that are grabbing attention for their ecosystems, innovative features, and potential for gains in the latter half of 2025 and beyond. They are: Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), 1inch Network (1INCH), and the newer contender, Stabull (STABUL).

这是五个Dex令牌，它们引起了其生态系统的关注，创新的特征以及2025年后期及以后的增长潜力。它们是：Uniswap（Uni），Sushiswap（寿司），pancakeswap（蛋糕），1英寸网络（1英寸）和更新的竞争者Stabull（Stabul）。

1. Uniswap (UNI): The DeFi Pioneer

1。UNISWAP（UNI）：Defi Pioneer

The Story: Launched in 2018 by Hayden Adams, Uniswap is credited with truly changing the game by introducing the Automated Market Maker (AMM) model on the Ethereum blockchain in 2019. An AMM is a system that uses mathematical formulas and pools of tokens, supplied by users, to automatically set prices and allow trades, compared to traditional exchanges that match individual buy and sell orders. In 2020, Uniswap deployed its UNI token, distributing it to early users of the platform and enabling community governance.

故事：由海顿·亚当斯（Hayden Adams）于2018年推出，Uniswap通过在2019年在以太坊区块链上介绍自动化的做市商（AMM）模型来真正改变游戏。 2020年，UnisWap部署了其Uni代币，将其分发给了平台的早期用户并实现了社区治理。

Where it Stands: As of April 2025, UNI is currently trading around $6.00 (CoinMarketCap). It’s seen highs and lows, but considering its role in the nascent stages of DeFi, it's notable that it's still in triple digits despite the crypto winter and market downturn.

它的位置：截至2025年4月，UNI目前的交易约为6.00美元（CoinMarketCap）。它已经看到了高潮和低点，但是考虑到它在Defi的新生阶段中的作用，尽管加密冬季和市场低迷，但值得注意的是，它仍然处于三位数。

Why it’s Promising: Uniswap is a recognized giant in the DEX space, known for its high liquidity (lots of tokens available for trading) and large trading volume. It’s also a central node in the Ethereum DeFi ecosystem.

为什么这是有希望的：Uniswap是DEX领域公认的巨人，以其高流动性（可用于交易的大量代币）和大型交易量而闻名。它也是以太坊除生态系统中的中心节点。

It’s constantly innovating with updates like Uniswap V3, which allows liquidity providers (LPs, who lend their tokens to the pools) to concentrate their funds in specific price ranges, potentially earning more fees. This, combined with its strong reputation and role in the rapidly growing DeFi sector, suggests it could be well-positioned for long-term growth. Some analysts predict significant gains, with forecasts suggesting triple-digit potential by the early 2030s as broader DeFi adoption drives demand for major platforms like Uniswap.

它不断地通过Uniswap V3等更新进行创新，该更新允许流动性提供商（LPS，将其令牌借给游泳池）以将其资金集中在特定的价格范围内，并有可能赚取更多费用。这加上了其在快速增长的防御部门中的强烈声誉和作用，这表明它可以很好地定位长期增长。一些分析师预测了显着的收益，预测表明2030年代初期的三位数潜力是更广泛的偏式采用推动了对诸如UNISWAP等主要平台的需求。

Key Features: Peer-to-peer token swaps, liquidity pools where users earn fees, community governance with UNI tokens.

主要特征：点对点令牌掉期，用户获得费用的流动性池，使用Uni代币的社区治理。

2. SushiSwap (SUSHI): The Community-Driven Innovator

2。Sushiswap（寿司）：社区驱动的创新者

The Story: SushiSwap burst onto the scene in 2020. It began as a “fork” (a copy with modifications) of Uniswap but added extra incentives, particularly “yield farming,” where users could accrue generous SUSHI token rewards for providing liquidity. It had a turbulent start with the involvement of its anonymous founder, “Chef Nomi,” who drained funds before transferring control to community members. But the community quickly took over, expanding its features and turning it into a community-governed protocol.

故事：Sushiswap于2020年爆发出现场。它最初是“叉子”（具有修改的副本），但增加了额外的激励措施，尤其是“产生耕作”，用户可以在其中获得慷慨的寿司代币奖励，以提供流动性。它的匿名创始人“ Nomi”的参与开始了动荡的开端，他们在将控制权转移给社区成员之前耗尽了资金。但是社区很快接管了，扩大了其功能，并将其转变为社区政府的协议。

Where it Stands: SUSHI is currently priced around $0.67 (CoinMarketCap). It faced challenges with the broader market crash and encountered difficulties with its early fundraising structure, leading to some setbacks. However, it remains a multi-chain DEX with a dedicated community.

它的位置：寿司目前的价格约为0.67美元（CoinMarketCap）。它面临着更广泛的市场崩溃面临的挑战，并在早期的筹款结构中遇到了困难，导致了一些挫折。但是，它仍然是具有专门社区的多链DEX。

Why it’s Promising: SushiSwap isn’t just a Uniswap clone. It has developed unique features like BentoBox, which is a kind of vault that helps manage liquidity more efficiently and reduces gas fees for certain actions. It has also expanded to operate on multiple blockchains, starting with Ethereum and later deploying on Binance Smart Chain (B.S.C.) and aiming for Solana, aiming to attract a wider range of users. While its price history has been volatile, long-term predictions suggest potential for recovery and growth as it continues its multi-chain expansion and develops new revenue streams.

为什么这是有希望的：SushisWap不仅是单辆克隆。它开发了诸如Bentobox之类的独特功能，这是一种保险库，可帮助更有效地管理流动性，并减少某些动作的汽油费用。它还扩展了以在以太坊开始，然后在Binance Smart Chain（BSC）上部署并旨在吸引更广泛的用户。尽管它的价格历史持续了，但长期的预测表明，随着其延续其多链扩展并发展新的收入来源，恢复和增长的潜力。

Key Features: DEX trading, yield farming, staking SUSHI for rewards, BentoBox for efficient liquidity, multi-chain support.

关键特征：DEX交易，产生耕作，寿司以获得奖励，Bentobox的有效流动性，多链支持。

3. PancakeSwap (CAKE): The Binance Smart Chain Leader

3. pancakeswap（蛋糕）：Binance智能连锁领导者

The Story: Launched in 2020 on the BNB Chain (formerly Binance Smart Chain), PancakeSwap quickly became the dominant DEX on that network. Its

故事：pancakeswap于2020年在BNB链（以前是Binance Smart Chain）上推出，很快就成为该网络上的主要DEX。它是