Raydium巩固了其作为Solana的顶级分散交换（DEX）的地位

根据弥赛亚的最新报告，雷迪恩（Raydium）巩固了其作为索拉纳（Solana）连续第四季度的索拉纳（Solana）顶级分散交易所（DEX）的地位。

Decentralized exchange (DEXs) protocol Raydium (RAY) maintained its standing as the leading decentralized exchange (DEX) on Solana (CRYPTO: ATOM) for the fourth consecutive quarter in Q1 2025, according to the latest State of Raydium Report by Messari.

根据Messari的最新报告，分散的交换（DEXS）协议Raydium（Ray）在第1季度2025年第1季度连续第四季度，在Solana（Crypto：Atom）上保持了其领先的分散交流（DEX）的地位。

The protocol’s performance was largely shaped by the viral debut of former President Donald Trump’s meme token, TRUMP, which launched on January 15. Its launch sparked a surge in trading activity, which peaked at a single-day high of $16 billion on January 19.

该协议的表现在很大程度上是由前总统唐纳德·特朗普（Donald Trump）的模因象征特朗普（Trump）的病毒式首次亮相。

The protocol’s daily trading volume averaged $3.6 billion, showcasing a 12.7% quarter-over-quarter (Q4) increase. January alone saw an outstanding $195.8 billion in total monthly volume.

该协议的日常交易量平均为36亿美元，显示了季度四分之一（第4季度）的12.7％。仅一月份，每月总量就有1,958亿美元。

However, the momentum quickly fizzled out. By March 31, daily volume had dropped sharply to $709.6 million. This decline coincided with a broader market cooldown and was evident in Raydium’s average of $1.1 billion daily in March, a 66% decrease from January’s record.

但是，动力很快消失了。到3月31日，每日数量已急剧下降至7.096亿美元。这种下降与更广泛的市场冷却率相吻合，在3月份的雷迪姆平均每天11亿美元，比一月份的记录下降了66％。

Despite the setback, Raydium retained a 46.9% share of Solana’s DEX volume, although it was down from 56.0% in Q4 2024.

尽管遇到了挫折，但Raydium仍保留了Solana DEX量的46.9％，尽管它比第4季度2024年的56.0％下降。

It is important to note that Raydium lost its previous majority control of the Solana DEX ecosystem. Its share dropped below 50% for the first time, a shift from previous quarters where it consistently captured a majority share of the Solana DEX volume.

重要的是要注意，Raydium失去了对Solana Dex生态系统的多数控制。它的份额首次下降到50％以下，这是从前几个季度持续捕获Solana DEX量的大部分份额的转变。

Meme Tokens Boost Solana DEX Trading Activity

模因令牌增强索拉纳DEX交易活动

The market frenzy witnessed early in the quarter was largely driven by the launches of high-profile meme tokens, including TRUMP, MELANIA, and LIBRA, which sparked unprecedented levels of trading activity.

在本季度初目睹的市场疯狂，主要是由包括特朗普，梅拉尼亚和天秤座在内的备受瞩目的模因令牌推出的，这引发了前所未有的交易活动水平。

In a surprising turn of events, Meteora (MTR) briefly surpassed Orca (ORC) as Solana’s second-largest DEX, reaching a peak of 31.8% of Solana DEX volume on February 14 following the debut of LIBRA. Nevertheless, the project’s collapse amid allegations of insider manipulation led to the resignation of Co-Founder Ben Chow. By the last quarter, Meteora’s share dropped to 11.8%.

在一个令人惊讶的事件中，Meteora（MTR）短暂超过了Orca（ORC）作为Solana的第二大DEX，在2月14日的Libra首次亮相后，2月14日达到了Solana Dex量的31.8％。尽管如此，该项目的崩溃在指控内幕操纵的指控导致联合创始人本·周（Ben Chow）辞职。到上个季度，埃泰拉的份额下降到11.8％。

Meme tokens contributed 20.0% to Raydium’s trading activity in Q1, up from 14.3% a year ago but down from 27.9% in Q4.

Meme令牌为Raydium在第一季度的交易活动贡献了20.0％，高于一年前的14.3％，但从第四季度的27.9％下降。

Meanwhile, AI tokens saw a 130% quarter-over-quarter surge in volume share, showcasing a broader narrative-driven hype that significantly influences user activity on Solana DEXs.

同时，AI代币的体积份额中有130％的四分之一激增，展示了更广泛的叙事驱动炒作，从而显着影响了对Solana Dexs的用户活动。

Beyond memes and AI, the network saw the liquidity pool launches for tokens like SONIC, FDUSD, PORTAL, and zBTC.

除了模因和AI之外，网络还看到了Sonic，Fdusd，Portal和ZBTC等代币的流动性池推出。

Raydium Earns $402.8M in Fees in January Alone

Raydium仅在一月份就赚取了4.028亿美元的费用

Earlier in January, Raydium launched its beta version of Perpetual Futures, named Raydium Perps, marking its foray into derivatives trading.

1月初，Raydium推出了其Beta版的永久期货，名为Raydium Perps，标志着其进入衍生品交易。

The platform, powered by Orderly Network’s liquidity layer, enabled zero-gas and high-leverage trading on over 110 pairs. Initially, the service offered no fees on the first maker trades, and it peaked daily at $116 million in early February before slowing to $11.8 million by the end of the quarter.

该平台由有序的网络的流动性层提供动力，使零气和高杠杆交易以110对超过110对。最初，该服务对第一批制造商的交易没有任何费用，并且在2月初的每天达到1.16亿美元的峰值，到本季度末放缓至1,180万美元。

Despite the challenges faced by its trading volume, Raydium achieved a record-high of $402.8 million in fees last month alone. This drove the quarterly average daily fees to $7.5 million, a 6.4% increase from Q4. At one point, the platform even outpaced Tether (CRYPTO: USDT) in daily fee generation.

尽管其交易量面临挑战，但仅上个月，Raydium就达到了创纪录的4.028亿美元。这将季度平均每日费用提高到750万美元，比第四季度增加6.4％。在某一时刻，该平台甚至超过了每日收费的系带（加密：USDT）。