Solana，Axiom Exchange和收入：导航Defi的未来

深入了解Solana的收入格局，重点是公理交易所的上升以及液体含有令牌（LST）对Solana ETF的潜在影响。

Solana, Axiom Exchange, and Revenue: Navigating the Future of DeFi

Solana，Axiom Exchange和收入：导航Defi的未来

The Solana ecosystem is buzzing, and at the forefront of innovation are platforms like Axiom Exchange and the evolving regulatory landscape surrounding Solana ETFs. Let's break down the key trends and insights shaping Solana's revenue streams.

Solana生态系统正在嗡嗡作响，在创新的最前沿，是Axiom Exchange和Solana ETF周围不断发展的监管景观等平台。让我们打破塑造Solana的收入来源的关键趋势和见解。

Axiom Exchange: A Rising Star on Solana

公理交换：Solana上的后起之秀

Launched in 2024, Axiom Exchange has quickly become a significant player in the decentralized trading space. Founded by Henry Zhang and Preston Ellis, this platform has not only secured backing from Y Combinator and $500,000 in seed funding, but it also boasts impressive user engagement, with 4.3 million monthly visitors as of February 2025. According to DefiLlama, Axiom is now the top revenue-generating protocol on Solana. Not too shabby!

Axiom Exchange于2024年推出，已迅速成为分散交易领域的重要参与者。该平台由亨利·张（Henry Zhang）和普雷斯顿·埃利斯（Preston Ellis）创立，不仅为Y Combinator提供了支持和500,000美元的种子资金支持，而且还具有令人印象深刻的用户参与度，截至2025年2月，每月的访客430万。不太破旧！

What Makes Axiom Stand Out?

是什么使Axiom脱颖而出？

Axiom's cross-chain functionality is a major draw. It allows traders to access various blockchains like Ethereum, Solana, and Polkadot without the hassle of moving assets between platforms. Plus, it supports a wide range of digital assets and offers tools like real-time market data, automated trading systems, and yield farming options. The platform even offers up to 20x leverage for perpetual contracts. Talk about options!

Axiom的跨链功能是一个主要吸引力。它允许交易者访问各种区块链，例如以太坊，Solana和Polkadot，而不会在平台之间进行移动资产的麻烦。另外，它支持广泛的数字资产，并提供诸如实时市场数据，自动交易系统以及产生耕作选择之类的工具。该平台甚至为永久合同提供多达20倍的杠杆作用。谈论选项！

Rewarding Users and Fostering Growth

奖励用户并促进增长

Axiom's reward system incentivizes trading activity and referrals. Traders earn points based on their trading volume, and those who refer others benefit from a tiered reward structure. While there's no guarantee of a token airdrop just yet, the potential for future benefits keeps users engaged and actively participating in the platform's growth.

Axiom的奖励系统激励交易活动和推荐。贸易商根据其交易量获得积分，而推荐他人的人则从分层的奖励结构中受益。虽然尚无保证象征性的空投，但未来利益的潜力使用户参与并积极参与该平台的增长。

The Push for Solana ETFs and Liquid Staking Tokens (LSTs)

推动Solana ETF和液体占有代币（LSTS）的推动力

The financial world is eyeing Solana, with firms like Bitwise and VanEck actively lobbying the SEC to approve the inclusion of liquid staking tokens (LSTs) in potential Solana exchange-traded products (ETPs), including ETFs. This move could revolutionize how investors interact with Solana.

金融界正在关注Solana，像Bitwise和Vaneck这样的公司积极游说SEC批准将液体含有令牌（LSTS）纳入潜在的Solana Exchange-Fraded产品（ETP），包括ETF，包括ETF。这一举动可以彻底改变投资者与Solana的互动方式。

Why LSTs Matter

为什么LST很重要

LSTs, such as JitoSOL, allow investors to stake their assets while maintaining liquidity. This means potentially higher returns without locking up funds – a win-win! Integrating LSTs into ETPs could enhance liquidity, reduce risk, and offer higher yields, potentially setting a regulatory precedent for future ETPs.

LST，例如Jitosol，允许投资者在维持流动性的同时存放其资产。这意味着在不锁定资金的情况下可能会获得更高的回报 - 双赢！将LST整合到ETP中可以提高流动性，降低风险并提供更高的收益率，并有可能为将来的ETP设定监管先例。

Navigating the Regulatory Landscape

导航监管景观

The SEC's decision is the linchpin. The debate centers on whether staking should be classified as a securities transaction. With seven asset managers, including Grayscale and Fidelity, submitting revised S-1 registration statements, the industry is clearly pushing for regulatory alignment. While approval isn't a done deal, analysts estimate a high likelihood of spot Solana ETFs, though the inclusion of LSTs remains the big question mark.

SEC的决定是Linchpin。辩论集中于是否应将其分类为证券交易。有七位资产经理，包括灰度和忠诚度，提交了修订后的S-1注册表，该行业显然正在推动监管一致性。尽管批准不是完成交易的，但分析师估计，尽管包含LST仍然是一个很大的问号，但分析师估计了现货Solana ETF的可能性很高。

The Bigger Picture: Coinbase's Recent Struggles

大局：Coinbase最近的挣扎

While Solana and Axiom Exchange are showing promise, it's worth noting that not everyone in the crypto space is having a smooth ride. Coinbase's recent earnings miss, resulting in a significant drop in share price, highlights the volatility and challenges in the broader crypto market. While Coinbase is working on new initiatives, the market is currently focused on trading performance and operational costs.

尽管Solana和Axiom Exchange表现出希望，但值得注意的是，并非加密货币空间中的每个人都在顺利进行。 Coinbase最近的收益失误，导致股价大幅下跌，突出了更广泛的加密市场的波动性和挑战。尽管Coinbase正在开展新计划，但市场目前专注于交易绩效和运营成本。

Final Thoughts

最后的想法

The Solana ecosystem is a dynamic and exciting space. Axiom Exchange's success demonstrates the potential for innovative DeFi platforms, while the push for Solana ETFs with LSTs signals a growing acceptance from institutional finance. Despite broader market fluctuations, the future looks bright for Solana. So, keep your eyes peeled, stay informed, and maybe throw a little SOL into the mix. Who knows what tomorrow might bring in the wild world of crypto?

Solana生态系统是一个充满活力而令人兴奋的空间。 Axiom Exchange的成功证明了创新的Defi平台的潜力，而对LSTS的Solana ETF的推动信号表明机构金融越来越接受。尽管市场波动更大，但Solana的未来看起来光明。因此，请保持眼睛剥皮，保持知情，并可能将一些Sol扔进混合物中。谁知道明天会带来加密世界的野生世界？