Raydium 引领 Solana DeFi 交易量增长

Solana DeFi 正在上升到新的高度，但它仍然是模因币。

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受益于 Blockworks.co 上的 Lightspeed 电子通讯。明天将信息发送到您的收件箱。

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订阅光速通讯。

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My bike received stolen from in entrance of my condo final evening, which — and I promise this isn’t simply me coping — I had form of been hoping would occur, as a result of the bike actually doesn’t have brakes and its seat was caught on the lowest peak.

昨晚，我的自行车在我的公寓门口被偷了，我保证这不仅仅是我要应对的事情，我本来希望会发生这种情况，因为这辆自行车实际上没有刹车和座椅被困在最低的山峰上。

So, your ill-gotten new bike sucks. Get pranked, thief. In any case:

所以，你那辆来路不明的新自行车很糟糕。恶作剧吧，小偷。任何状况之下：

Raydium leads the best way as Solana DeFi volumes develop

随着 Solana DeFi 交易量的发展，Raydium 处于领先地位

Solana DeFi is reaching new heights — and it’s nonetheless memecoins all the best way down.

Solana DeFi 正在达到新的高度，但它仍然是模因币，一路走低。

For the primary time in its historical past, Solana seems poised to surpass Ethereum in trailing 30-day quantity for decentralized alternate buying and selling. Put one other means, Solana seems close to outpacing the Ethereum blockchain in DeFi buying and selling for a complete month — somewhat than the occasional 24-hour window that Solana boosters are wont to publish about. 

Solana 在去中心化替代交易的过去 30 天交易量方面似乎首次超越以太坊。换句话说，Solana 在整整一个月的 DeFi 交易中似乎接近超过以太坊区块链，而不是 Solana 支持者偶尔发布的 24 小时窗口。

(Additionally, notably: the Ethereum determine cited above doesn’t account for layer-2s.)

（此外，值得注意的是：上面引用的以太坊模型不考虑第 2 层。）

The story of Solana’s current DeFi progress appears to closely contain the decentralized alternate Raydium, which has made itself the sector’s buying and selling big. 

Solana 当前 DeFi 进展的故事似乎与去中心化替代品 Raydium 密切相关，后者已使该行业的买卖规模扩大。

A 12 months in the past, Raydium accounted for roughly 25% of Solana DeFi quantity. At this time, Raydium accounts for greater than 60% of Solana DEX quantity, in keeping with a Dune Analytics dashboard. 

12 个月前，Raydium 约占 Solana DeFi 数量的 25%。根据 Dune Analytics 仪表板的数据，目前 Raydium 占 Solana DEX 数量的 60% 以上。

This has largely come on the expense of Orca, which has seen its share fall from over 60% final August to round 20% immediately. A unique dashboard exhibits that Raydium has additionally lately surpassed the favored DEX aggregator Jupiter in buying and selling quantity share.

这很大程度上是 Orca 的损失造成的，Orca 的份额从去年 8 月份的 60% 以上下降到了 20% 左右。一个独特的仪表板显示，Raydium 最近在交易量份额方面也超过了受欢迎的 DEX 聚合商 Jupiter。

A lot of Raydium’s quantity comes from memecoins. CoinGecko information shows the Popcat token accounted for over 10% of Raydium spot quantity prior to the past 24 hours. Michi and dogwifhat were second and third, respectively.

Raydium 的大量数量来自模因币。 CoinGecko信息显示，过去24小时之前，Popcat代币占Raydium现货数量的10%以上。 Michi 和 Dogwifhat 分别排名第二和第三。

Marginfi co-founder MacBrennan Peet told me that he, too, has been seeing “a ton of long-tail tokens seize a ton of consideration lately.” (Lengthy-tail tokens seek advice from lesser-known cryptos.) It seems that Solana’s DeFi summer season is broadly nonetheless being pushed by memecoins.

Marginfi 联合创始人 MacBrennan Peet 告诉我，他也看到“大量的长尾代币最近吸引了大量的关注”。 （长尾代币向鲜为人知的加密货币寻求建议。）Solana 的 DeFi 夏季似乎仍然是由模因币推动的。

Curiously, Raydium’s use was partly helped alongside by its partnership with memecoin launch pad Pump.enjoyable, which would ship sufficiently-liquid tokens to commerce on Raydium. However Pump.enjoyable’s fee revenue has considerably stagnated in current weeks whereas Raydium’s revenue has grown. 

奇怪的是，Raydium 的使用在一定程度上得益于其与 memecoin 启动平台 Pump.enjoyable 的合作，后者将向 Raydium 上的商业提供足够流动的代币。然而，Pump.enjoyable 的费用收入在最近几周大幅停滞，而 Raydium 的收入却在增长。

If you wished to tug a narrative out of this, it might be that Pump.enjoyable’s splattering of longshot memecoins didn’t prove to be very fun in comparison with betting on more-established memecoins — the place your probabilities would possibly nonetheless be low, however at the very least there are quite a lot of different buyers in it with you. 

如果你想从中扯出一个故事，那么与押注于更成熟的 memecoin 相比，Pump.enjoyable 的远景 memecoin 的散布可能并没有那么有趣——你的概率可能仍然很低，但至少有很多不同的买家和你在一起。

However I’d take heed earlier than making an excessive amount of of those figures, as a result of they’re notoriously gameable and topic to vary.

但在制作过多的这些人物之前，我会小心谨慎，因为众所周知，它们具有可玩性并且主题各不相同。

The memecoin regime might not final without end although. Jito’s Andrew Thurman identified that there are “quite a lot of attention-grabbing merchandise that don’t have a brilliant dominant equal but” on Solana, pointing to Ethereum’s “artificial greenback” Ethena and yield tokenization platform Pendle as a pair examples. 

不过，模因币政权可能不会永远结束。 Jito 的 Andrew Thurman 指出，Solana 上有“相当多引人注目的产品，但没有出色的主导地位”，并以以太坊的“人造美元”Ethena 和收益代币化平台 Pendle 为例。

Thurman additionally identified Solana’s wholesome stage of stablecoin motion relative to the quantity of stables onchain, or the entire worth locked (TVL). Solana’s stablecoin provide is in between that of Arbitrum and Base, however Solana noticed greater than triple the stablecoin switch quantity of both layer-2 over the previous 24 hours, in keeping with Artemis. 

Thurman 还确定了 Solana 相对于链上稳定币数量或锁定总价值 (TVL) 的稳定币运行状况。 Solana 的稳定币供应量介于 Arbitrum 和 Base 之间，但根据 Artemis 的说法，Solana 注意到在过去 24 小时内这两个 Layer-2 的稳定币切换数量增加了三倍以上。

“Complete lot extra velocity, and ultimately the TVL sums will comply with,” Thurman wrote.

“完全提高速度，最终 TVL 金额将符合要求，”瑟曼写道。

— Jack Kubinec

— 杰克·库比内克

Zero In 

归零

20%

20%

That’s how a lot of the entire PYUSD provide has been deposited into Kamino Finance, in keeping with information from Artemis and Kamino — an eye-popping proportion enabled by incentives spending.

根据 Artemis 和 Kamino 的信息，PYUSD 的大部分资金就是这样存入 Kamino Finance 的——激励支出带来的比例令人瞠目结舌。

PayPal deployed its stablecoin on Solana in late Might. On July 1, Kamino announced an incentivized PYUSD launch the place customers would obtain boosted rewards for depositing the stablecoin on Kamino. 

PayPal 于 5 月下旬在 Solana 上部署了其稳定币。 7 月 1 日，Kamino 宣布推出激励性 PYUSD，客户将稳定币存入 Kamino 可以获得更高的奖励。

These supplying PYUSD on the platform are at present incomes 16.43% APY, in keeping with Kamino’s web site. 

据卡米诺网站称，这些在平台上提供 PYUSD 的目前年化收入为 16.43%。

We’ve reported that PYUSD on Solana is supposed for funds use circumstances, however for now, it appears to be discovering product-market match amongst

我们已经报道过 Solana 上的 PYUSD 旨在用于资金使用情况，但目前，它似乎正在发现产品与市场的匹配