{"id":6667,"date":"2026-04-10T08:07:16","date_gmt":"2026-04-10T00:07:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=6667"},"modified":"2026-04-10T08:07:16","modified_gmt":"2026-04-10T00:07:16","slug":"%e9%93%be%e4%b8%8a%e6%b5%81%e5%8a%a8%e6%80%a7%e7%9a%84%e8%bf%81%e7%a7%bb%ef%bc%9a%e8%b5%b7%e8%90%bd-15-%e4%b8%aa%e6%9c%88%ef%bc%8c%e8%b0%81%e5%9c%a8%e7%82%92%e4%bd%9c%e9%80%80%e6%bd%ae%e5%90%8e","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=6667","title":{"rendered":"\u94fe\u4e0a\u6d41\u52a8\u6027\u7684\u8fc1\u79fb\uff1a\u8d77\u843d 15 \u4e2a\u6708\uff0c\u8c01\u5728\u7092\u4f5c\u9000\u6f6e\u540e\u5c79\u7acb\u4e0d\u5012\uff1f"},"content":{"rendered":"<p> \u5728\u8fc7\u53bb\u768415\u4e2a\u6708\u91cc\uff0cDeFi\u7684\u6d41\u52a8\u7248\u56fe\u5df2\u5728\u5404\u94fe\u95f4\u91cd\u5851\uff0c\u90a3\u4e9b\u7531\u7092\u4f5c\u70ed\u6f6e\u9a71\u52a8\u7684\u9879\u76ee\u9010\u6e10\u9000\u51fa\u821e\u53f0\uff0c\u6d41\u52a8\u6027\u5df2\u6084\u7136\u96c6\u4e2d\u5230\u57fa\u672c\u9762\u5f3a\u52b2\u800c\u975e\u5e02\u573a\u7092\u4f5c\u4e3a\u4e3b\u7684\u5730\u65b9\u3002DeFi\u7684\u672a\u6765\u4e0d\u5728\u4e8e\u591a\u94fe\u6269\u5c55\uff0c\u800c\u5c5e\u4e8e\u90a3\u4e9b\u80fd\u5c06\u4ea7\u4e1a\u53d9\u4e8b\u8f6c\u5316\u4e3a\u4f7f\u7528\u8005\u4e60\u60ef\u7684\u534f\u8bae\u3002<br \/>\n<BR \/> <\/p>\n<p>\u4f5c\u8005\uff1aStacy Muur<\/p>\n<p>\u7f16\u8bd1\uff1aTim\uff0cPANews<\/p>\n<p>\u5728\u8fc7\u53bb\u7684 15 \u4e2a\u6708\u91cc\uff0cDeFi \u7684\u6d41\u52a8\u7248\u56fe\u5df2\u5728\u5404\u94fe\u95f4\u91cd\u5851\uff0c\u90a3\u4e9b\u7531\u7092\u4f5c\u70ed\u6f6e\u9a71\u52a8\u7684\u9879\u76ee\u9010\u6e10\u9000\u51fa\u821e\u53f0\uff0c\u6d41\u52a8\u6027\u5df2\u6084\u7136\u96c6\u4e2d\u5230\u57fa\u672c\u9762\u5f3a\u52b2\u800c\u975e\u5e02\u573a\u7092\u4f5c\u4e3a\u4e3b\u7684\u5730\u65b9\u3002<\/p>\n<p>DEX \u4ea4\u6613\u91cf\u5728 2025 \u5e74 1 \u6708\u521b\u4e0b 3800 \u4ebf\u7f8e\u5143\u7684\u5386\u53f2\u65b0\u9ad8\u540e\uff0c\u968f\u540e\u4e24\u4e2a\u6708\u5185\u4e0b\u8dcc\u4e86 35%\uff0c\u7531\u6b64\u53ef\u63a8\u6d4b 1 \u6708\u53ef\u80fd\u5f62\u6210\u4e86\u77ed\u671f\u9876\u90e8\u3002<br \/>\n\u76ee\u524d\uff0c\u6392\u540d\u524d\u5341\u7684 DEX \u5360\u636e\u4e86\u603b\u4ea4\u6613\u91cf\u7684\u8fd1 80%\uff1b\u4ec5 Uniswap \u548c PancakeSwap \u4e24\u5bb6\u5c31\u5360\u636e\u4e86\u7ea6 40% \u7684\u4efd\u989d\u3002<br \/>\n\u57fa\u4e8e Solana \u7684 DEX \u5df2\u6084\u6084\u5360\u636e\u6392\u884c\u699c\u4e3b\u5bfc\u5730\u4f4d\uff0c\u524d 10 \u540d\u4e2d\u5360\u636e 5 \u5e2d\uff0c\u5176\u5e02\u573a\u4efd\u989d\u7684\u6210\u957f\u4e3b\u8981\u7531 Meme \u5e01\u70ed\u6f6e\u6240\u5e26\u6765\u7684\u4ea4\u6613\u91cf\u9a71\u52a8\u3002<br \/>\nHyperliquid \u5f7b\u5e95\u6539\u53d8\u4e86\u6c38\u7eed\u5408\u7ea6\u9886\u57df\u7684\u683c\u5c40\uff0c\u4ece\u884c\u4e1a\u65b0\u79c0\u5d1b\u8d77\uff0c\u5230 2025 \u5e74 3 \u6708\u5df2\u5360\u636e\u8d85\u8fc7 60% \u7684\u5e02\u573a\u4efd\u989d\u3002<\/p>\n<p>\u6587\u4e2d\u6240\u6709\u89c1\u89e3\u5747\u4ee5\u516c\u5f00\u6570\u636e\u4e3a\u4e3b\u3002\u7279\u522b\u611f\u8c22 DefiLlama \u6301\u7eed\u63d0\u4f9b\u7684\u9ad8\u54c1\u8d28\u7edf\u8ba1\u200b\u200b\u6570\u636e\u3002<\/p>\n<p>\u7531\u6fc0\u589e\u4e0e\u653e\u7f13\u5b9a\u4e49\u7684\u5468\u671f<\/p>\n<p>2024 \u5e74\u521d\uff0cDEX \u4ea4\u6613\u91cf\u5728 3 \u6708\u548c 5 \u6708\u8868\u73b0\u5f3a\u52b2\uff0c\u968f\u540e\u5728\u5e74\u4e2d\u4e4b\u524d\u9010\u6e10\u653e\u7f13\u3002<\/p>\n<p>\u60c5\u51b5\u5728\u7b2c\u56db\u5b63\u53d1\u751f\u5267\u53d8\uff0c\u5341\u4e00\u6708\u548c\u5341\u4e8c\u6708\u4ea4\u6613\u91cf\u6fc0\u589e\uff0c\u8fd9\u4e00\u52bf\u5934\u5ef6\u7eed\u81f3 2025 \u5e74 1 \u6708\uff0c\u5e76\u8fbe\u5230 3800 \u4ebf\u7f8e\u5143\u7684\u7206\u53d1\u5f0f\u9ad8\u5cf0\u3002<\/p>\n<p>\u7136\u800c\uff0c\u8fd9\u573a\u53cd\u5f39\u4ec5\u662f\u6619\u82b1\u4e00\u73b0\u3002\u5230\u4e86\u4e8c\u6708\uff0c\u5e02\u573a\u6210\u4ea4\u91cf\u5df2\u9aa4\u964d\u81f3 2,450 \u4ebf\u7f8e\u5143\uff0c35% \u7684\u65ad\u5d16\u5f0f\u4e0b\u8dcc\u4e3a\u6301\u7eed\u4e09\u4e2a\u6708\u7684\u5782\u76f4\u98d9\u5347\u753b\u4e0a\u4e86\u53e5\u70b9\u3002\u6b64\u6b21\u56de\u843d\u4e3a\u66f4\u4e3a\u5ba1\u614e\u7684\u7b2c\u4e8c\u5b63\u5960\u5b9a\u4e86\u57fa\u8c03\u3002<\/p>\n<p><img alt=\"\" width=\"680\" height=\"292\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/ead12d2621289f15a2c820cb007d9cae.png\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/ead12d2621289f15a2c820cb007d9cae.png\" alt=\"\" width=\"680\" height=\"292\" \/><\/p>\n<p>DEX \u4e3b\u5bfc\u5730\u4f4d\uff1a\u5934\u90e8\u534f\u8bae\u6267\u638c\u5927\u6743<\/p>\n<p>DEX \u7684\u5e02\u573a\u683c\u5c40\u4ecd\u7136\u9ad8\u5ea6\u96c6\u4e2d\u3002\u76ee\u524d\uff0c\u524d\u5341\u540d\u7684\u534f\u8bae\u5360\u4e86\u65e5\u4ea4\u6613\u91cf\u7684 79.5%\uff0c\u800c\u4ec5\u524d\u4e94\u540d\u5c31\u5360\u4e86 59.1% \u3002<\/p>\n<p>Uniswap \u548c PancakeSwap \u5360\u636e\u4e86 DEX \u7ea6 40% \u7684\u4ea4\u6613\u91cf\uff0c\u662f\u8fc4\u4eca\u4e3a\u6b62\u4ec5\u6709\u7684\u4e24\u5bb6\u7d2f\u8ba1\u4ea4\u6613\u91cf\u7a81\u7834\u4e07\u4ebf\u7f8e\u5143\u7684\u5e73\u53f0\u3002\u5b83\u4eec\u7684\u9886\u5148\u5730\u4f4d\u6e90\u4e8e\u5148\u53d1\u4f18\u52bf\u3001\u5bf9\u591a\u94fe\u751f\u6001\u7684\u5e7f\u6cdb\u652f\u6301\u4ee5\u53ca\u6df1\u539a\u7684\u6d41\u52a8\u6027\u3002<\/p>\n<p>Uniswap Labs \u4e5f\u63a8\u51fa\u4e86 Unichain\uff0c\u8fd9\u662f\u4e00\u4e2a\u57fa\u4e8e Optimism Superchain \u5efa\u6784\u7684\u4ee5\u592a\u574a\u7b2c\u4e8c\u5c42\u7f51\u8def\u3002\u8be5\u94fe\u65e8\u5728\u900f\u8fc7\u539f\u751f\u591a\u94fe\u4e92\u901a\u6027\u5b9e\u73b0\u5feb\u901f\u3001\u4f4e\u6210\u672c\u7684\u4ea4\u6613\u3002<\/p>\n<p><img alt=\"\" width=\"680\" height=\"539\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/2340533fc59ff76de2fee489a398369a.png\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/2340533fc59ff76de2fee489a398369a.png\" alt=\"\" width=\"680\" height=\"539\" \/><\/p>\n<p>Solana \u7684\u6084\u6084\u5d1b\u8d77<\/p>\n<p>\u5f15\u4eba\u6ce8\u76ee\u7684\u662f\uff0cSolana \u5728 DEX \u9886\u57df\u7684\u5730\u4f4d\u65e5\u76ca\u7a81\u51fa\u3002\u5728\u76ee\u524d\u6392\u540d\u524d\u5341\u7684 DEX \u4e2d\uff0c\u6709\u4e94\u4e2a\uff1a\u5305\u62ec Orca \u3001 Meteora \u3001 Raydium \u3001 Lifinity \u548c Pump.fun \u3002\u90fd\u662f\u57fa\u4e8e Solana \u539f\u751f\u5f00\u53d1\u7684\u3002<\/p>\n<p>Orca\uff088.02%\uff09\u548c Meteora\uff086.70%\uff09\u4ec5\u4e24\u8005\u5c31\u5360\u4e86\u5168\u7403\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6d3b\u52a8\u7ea6 15% \u7684\u4efd\u989d\u3002<\/p>\n<p>\u8fd9\u4e00\u6210\u957f\u6e90\u81ea\u4e8e\u4f4e GAS \u8d39\u7528\u3001\u5feb\u901f\u7684\u533a\u5757\u65f6\u95f4\u4ee5\u53ca Solana Meme \u5e01\u70ed\u6f6e\u3002 Pump.fun \u98d9\u5347\u81f3\u524d\u5341\u540d\uff0c\u6b63\u662f\u8fd9\u79cd\u706b\u70ed\u7684\u660e\u8bc1\u3002<\/p>\n<p><img alt=\"\" width=\"626\" height=\"900\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/0d57223f6014e92e87fdca9e6c7ee5b3.jpg\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/0d57223f6014e92e87fdca9e6c7ee5b3.jpg\" alt=\"\" width=\"626\" height=\"900\" \/><\/p>\n<p>\u65b0\u5174\u534f\u8bae\uff1aFluid \u4e0e Aerodrome<\/p>\n<p>Fluid\uff087.09%\uff09\u662f\u6392\u540d\u524d\u4e94\u540d\u7684 DEX \u4e2d\u8d44\u672c\u6548\u7387\u6700\u9ad8\u7684\u5e73\u53f0\u3002\u8be5\u534f\u8bae\u5728\u4ee5\u592a\u574a\u4e0a\u8868\u73b0\u6d3b\u8dc3\uff0c\u6bcf\u6708\u6e05\u7b97\u989d\u8d85\u8fc7 100 \u4ebf\u7f8e\u5143\u3002\u5176\u5728 Arbitrum \u751f\u6001\u542f\u52a8\u540e\u5c24\u4e3a\u4eae\u773c\uff1a\u4ea4\u6613\u91cf\u4ece 2 \u6708\u7684 4.26 \u4ebf\u7f8e\u5143\u6fc0\u589e\u81f3 3 \u6708\u7684 16 \u4ebf\u7f8e\u5143\uff0c\u5145\u5206\u8bc1\u660e\u5176\u91c7\u7528\u901f\u5ea6\u8fdc\u8d85\u884c\u4e1a\u5e73\u5747\u6c34\u5e73\u3002<\/p>\n<p>Aerodrome \u4f5c\u4e3a Base \u7684\u539f\u751f\u9879\u76ee\uff0c\u5c55\u73b0\u4e86 Base L2 \u4e0a\u6d41\u52a8\u6027\u7684\u6301\u7eed\u6210\u957f\u3002<\/p>\n<p>\u5c3d\u7ba1 Hyperliquid \u5728\u73b0\u8d27\u5e02\u573a\u6392\u540d\u5e76\u4e0d\u9760\u524d\uff0c\u4f46\u5728\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5176\u5e02\u5360\u7387\u8d85\u8fc7 60% \u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"680\" height=\"239\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/b8644995088bb8ad6141e28885e2d90a.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/b8644995088bb8ad6141e28885e2d90a.png\" alt=\"\" width=\"680\" height=\"239\" \/><\/p>\n<p>\u5404\u94fe DEX \u5e02\u5360\u7387\uff1a\u6210\u957f\u6613\uff0c\u7559\u5b58\u96be<\/p>\n<p>\u8fc7\u53bb 15 \u4e2a\u6708\u6e05\u695a\u5730\u8868\u660e\u4e86\u4e00\u4e2a\u73b0\u8c61\uff1a\u5927\u591a\u6570\u533a\u5757\u94fe\u9879\u76ee\u80fd\u591f\u5438\u5f15\u5173\u6ce8\uff0c\u4f46\u53ea\u6709\u5c11\u6570\u80fd\u6301\u7eed\u4fdd\u6301\u5438\u5f15\u529b\u3002\u4ece 2024 \u5e74 1 \u6708\u5230 2025 \u5e74 3 \u6708\uff0c\u94fe\u7ea7\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u5e02\u5360\u7387\u53d8\u5316\u8fc5\u901f\uff0c\u4ec5\u6709\u6781\u5c11\u6570\u4e13\u6848\u771f\u6b63\u5177\u6709\u4f7f\u7528\u8005\u9ecf\u6027\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"680\" height=\"239\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/4a6fbb45d44cd9c3a28d714d283a0e0d.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/4a6fbb45d44cd9c3a28d714d283a0e0d.png\" alt=\"\" width=\"680\" height=\"239\" \/><\/p>\n<p>Solana \u53d6\u5f97\u4e86\u6700\u5927\u7684\u7a81\u7834\u3002\u5b83\u5728 2024 \u5e74\u7a33\u6b65\u6500\u5347\uff0c\u53d7 TRUMP \u548c MELANIA Meme \u5e01\u70ed\u6f6e\u63a8\u52a8\uff0c\u4e8e 2025 \u5e74 1 \u6708\u8fbe\u5230 45.8% \u7684\u5e02\u5360\u7387\u9ad8\u5cf0\u3002\u4f46\u5230 3 \u6708\u4efd\uff0c\u5176\u5e02\u5360\u7387\u8170\u65a9\u81f3 21.5%\uff0c\u4e0d\u8fc7\u4ecd\u4ee5 25.1% \u7684\u5e73\u5747\u5360\u6bd4\u7a33\u5c45\u5404\u516c\u94fe\u4e4b\u9996\u3002<\/p>\n<p>\u4ee5\u592a\u574a\u5219\u5b8c\u5168\u76f8\u53cd\u3002 2024 \u5e74\u521d\u4ee5\u7ea6 32% \u7684\u4efd\u989d\u5f00\u5c40\uff0c2025 \u5e74 1 \u6708\u8dcc\u81f3 15.3%\uff0c\u968f\u540e\u5728 3 \u6708\u53cd\u5f39\u81f3 26.4% \u3002\u5f53\u7136\uff0c\u5373\u4fbf\u4ee5\u592a\u574a\u5931\u53bb\u6210\u957f\u52a8\u80fd\uff0c\u4f46\u5176\u751f\u6001\u97e7\u6027\u4ecd\u5728\u3002<\/p>\n<p>Base \u582a\u79f0\u6700\u7a33\u5065\u7684\u8ffd\u8d76\u8005\u3002\u4ece 2024 \u5e74 3 \u6708\u7684 3% \u6301\u7eed\u6210\u957f\u81f3 12 \u6708\u7684 12.4%\uff0c2025 \u5e74 3 \u6708\u56de\u843d\u81f3 7.4%\uff0c\u671f\u95f4\u7ef4\u6301 6.6% \u7684\u5e73\u5747\u5360\u6bd4\u3002\u6ca1\u6709\u7092\u4f5c\u52a0\u6301\uff0c\u53ea\u6709\u7f13\u6162\u5374\u6709\u9ecf\u6027\u7684\u6210\u957f\u3002<\/p>\n<p>BNB Chain \u4ee5 14.7% \u7684\u5e73\u5747\u4efd\u989d\u4fdd\u6301\u7a33\u5b9a\u3002\u65e2\u65e0\u66b4\u6da8\u4e5f\u65e0\u66b4\u8dcc\uff0c\u59cb\u7ec8\u7ef4\u6301\u8457\u7a33\u5b9a\u7684\u6563\u6237\u8d44\u91d1\u6d41\u52a8\u3002<\/p>\n<p>Arbitrum \u5f00\u5c40\u5f3a\u52b2\uff0816% \u4efd\u989d\uff09\u5374\u540e\u7ee7\u75b2\u8f6f\uff0c\u81f3 2025 \u5e74 1 \u6708\u5df2\u6ed1\u843d\u81f3 4.8%\uff0c\u88ab Base \u548c Solana \u53cc\u53cc\u8d85\u8d8a\u3002<\/p>\n<p>Blast \u5728 2024 \u5e74 6 \u6708\u521b\u4e0b 42.3% \u7684\u5e02\u5360\u7387\u9ad8\u5cf0\u540e\uff0c\u7b2c\u4e8c\u4e2a\u6708\u5c31\u6d88\u5931\u4e0d\u89c1\u3002\u8fd9\u662f\u660e\u663e\u7684\u6fc0\u52b1\u9a71\u52a8\u578b\u4ea4\u6613\u91cf\u3001\u7528\u6237\u7559\u5b58\u7387\u4e3a\u96f6\u7684\u5178\u578b\u6848\u4f8b\u3002<\/p>\n<p>\u603b\u7ed3\uff1a\u5404\u516c\u94fe\u7684 DEX \u4e3b\u5bfc\u5730\u4f4d\u5177\u6709\u5f3a\u70c8\u6ce2\u52a8\u6027\u3002 Solana \u66fe\u5f02\u519b\u7a81\u8d77\uff0cEthereum \u5b9e\u73b0\u4ef7\u503c\u4fee\u590d\uff0cBase \u9010\u6b65\u62d3\u5c55\u751f\u6001\uff0c\u5e02\u573a\u7092\u4f5c\u5468\u671f\u5448\u73b0\u5927\u8d77\u5927\u843d\u7684\u7279\u5f81\u3002\u6700\u7ec8\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u7684\u516c\u94fe\u5e76\u975e\u58f0\u91cf\u6700\u5927\u8005\uff0c\u800c\u662f\u5b9e\u9645\u4f7f\u7528\u7387\u6700\u9ad8\u7684\u7f51\u8def\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"680\" height=\"246\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/c94ea49f4ed1b4f5a574b4382ee5cb44.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/c94ea49f4ed1b4f5a574b4382ee5cb44.png\" alt=\"\" width=\"680\" height=\"246\" \/><\/p>\n<p>\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4ecd\u4e3b\u5bfc\u73b0\u8d27\u4ea4\u6613\u91cf<\/p>\n<p>\u5c3d\u7ba1 DEX \u5728 2025 \u5e74\u521d\u51fa\u73b0\u7206\u70b8\u6027\u6210\u957f\uff0c\u4f46\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4ecd\u5728\u73b0\u8d27\u5e02\u573a\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002\u5373\u4f7f\u5728 DEX \u4ea4\u6613\u91cf\u8fbe\u5230\u9ad8\u5cf0\u7684 1 \u6708\u4efd\uff0cCEX \u4ecd\u5360\u636e\u4e86\u603b\u4ea4\u6613\u91cf\u7684\u8fd1 80% \u3002<\/p>\n<p>\u5c3d\u7ba1\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4e3b\u5bfc\u5730\u4f4d\u4ece 2024 \u5e74\u521d\u7684 90% \u4e00\u5ea6\u4e0b\u6ed1\u81f3\u6700\u4f4e\u70b9 79%\uff0c\u4f46\u66f4\u5e7f\u6cdb\u7684\u8d8b\u52bf\u663e\u800c\u6613\u89c1\uff1aDEX \u867d\u7136\u6301\u7eed\u6210\u957f\uff0c\u4f46 CEX \u4ecd\u7136\u662f\u5927\u591a\u6570\u4ea4\u6613\u8005\u7684\u9884\u8bbe\u9009\u62e9\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"680\" height=\"186\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/e984b26e07349fd5e0f9f5be0349160f.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/e984b26e07349fd5e0f9f5be0349160f.png\" alt=\"\" width=\"680\" height=\"186\" \/><\/p>\n<p>\u6c38\u7eed\u534f\u8bae\u5e02\u5360\u7387<\/p>\n<p>\u94fe\u4e0a\u6c38\u7eed\u5408\u7ea6\u7684\u683c\u5c40\u5728 2024 \u5e74\u53d1\u751f\u4e86\u6839\u672c\u6027\u8f6c\u53d8\u3002<\/p>\n<p>\u5728 dYdX \u7a33\u5750\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u5934\u628a\u4ea4\u6905\u4e24\u5e74\u591a\u540e\uff0cHyperliquid \u6a2a\u7a7a\u51fa\u4e16\uff0c\u91cd\u65b0\u5b9a\u4e49\u4e86\u4f55\u8c13\u4e3b\u5bfc\u5730\u4f4d\u3002\u8be5\u5e73\u53f0\u5728 2 \u6708\u9996\u6b21\u767b\u9876\uff0c\u4f46\u5728\u5e74\u4e2d\u77ed\u6682\u88ab SynFutures \u8d85\u8d8a\uff0c8 \u6708\u91cd\u593a\u699c\u9996\u540e\u4fbf\u4e00\u9a91\u7edd\u5c18\u3002\u622a\u81f3 2025 \u5e74 3 \u6708\uff0cHyperliquid \u5df2\u5360\u636e\u6c38\u7eed\u5408\u7ea6\u603b\u4ea4\u6613\u91cf\u8fd1 59% \u7684\u4efd\u989d\uff0c\u5f7b\u5e95\u5de9\u56fa\u4e86\u81ea\u8eab\u4f5c\u4e3a\u4e13\u4e1a\u4ea4\u6613\u8005\u9996\u9009\u5e73\u53f0\u7684\u5730\u4f4d\u3002<\/p>\n<p>\u8fd9\u4e00\u5d1b\u8d77\u52bf\u5934\u5438\u5f15\u4e86\u5927\u91cf\u7684\u5e02\u573a\u5173\u6ce8\uff0c\u5176\u4ea7\u54c1\u4f53\u9a8c\u6bd4\u4ee5\u5f80\u4efb\u4f55\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u90fd\u66f4\u63a5\u8fd1\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u3002\u76f8\u8f83\u4e4b\u4e0b\uff0cdYdX \u7684\u5e02\u5360\u7387\u5219\u8fc5\u901f\u4e0b\u6ed1\u3002\u4ece 2024 \u5e74\u521d\u5360 13.2% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u5230 2025 \u5e74 3 \u6708\u5df2\u66b4\u8dcc\u81f3\u4ec5 2.7%\uff0c\u7528\u6237\u7eb7\u7eb7\u8f6c\u5411\u66f4\u5feb\u3001\u4ecb\u9762\u66f4\u7b80\u6d01\u3001\u66f4\u5177\u73b0\u4ee3\u611f\u7684\u66ff\u4ee3\u5e73\u53f0\u3002<\/p>\n<p>Jupiter \u7684\u6c38\u7eed\u5408\u7ea6\u5219\u53e6\u8f9f\u8e4a\u5f84\uff0c\u51ed\u501f\u8457 Solana \u539f\u751f\u7684\u6d41\u52a8\u6027\u548c\u5176\u73b0\u8d27 DEX \u7684\u5bfc\u6d41\u4f5c\u7528\uff0c\u4ee5 8.8% \u7684\u5e02\u5360\u7387\u6500\u5347\u81f3\u7b2c\u4e8c\u4f4d\u3002\u867d\u7136\u8fc5\u901f\u5d1b\u8d77\uff0c\u4f46\u540e\u52b2\u4e0d\u8db3\uff0c\u6700\u7ec8\u5c48\u5c45 Hyperliquid \u4e4b\u540e\u3002\u5176\u4ed6\u5982 SynFutures \u3001 Vertex Protocol \u548c Paradex \u7b49\u9879\u76ee\u4e5f\u66fe\u77ed\u6682\u5d2d\u9732\u5934\u89d2\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"679\" height=\"236\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/b47a7b05b726f0821be8f95e330d68c0.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/b47a7b05b726f0821be8f95e330d68c0.png\" alt=\"\" width=\"679\" height=\"236\" \/><\/p>\n<p>\u6c38\u7eed\u5408\u7ea6\u94fe\uff1a\u6267\u884c\u5c42\u5728\u4e00\u4e2a\u5468\u671f\u5185\u5b8c\u6210\u91cd\u6784<\/p>\n<p>\u8fc7\u53bb\u4e00\u5e74\u6c38\u7eed\u5408\u7ea6\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u7684\u6700\u5927\u8f6c\u53d8\uff0c\u5e76\u975e\u7528\u6237\u504f\u597d\u54ea\u4e9b\u534f\u8bae\uff0c\u800c\u662f\u8f6c\u800c\u4fe1\u4efb\u54ea\u4e9b\u94fe\u6765\u6267\u884c\u4ea4\u6613\u3002<\/p>\n<p>\u5230 2025 \u5e74 3 \u6708\u65f6\uff0c\u4ee5\u592a\u574a\u548c Arbitrum \u7684\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u91cf\u4efd\u989d\u5df2\u66b4\u8dcc\u81f3 11.8%\uff0c\u8f83 2024 \u5e74 1 \u6708\u4e24\u5bb6\u5408\u8ba1\u8d85 65% \u7684\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\u5f62\u6210\u9c9c\u660e\u5bf9\u6bd4\uff0c\u66f4\u65b0\u3001\u66f4\u5feb\u7684\u6267\u884c\u5c42\u6b64\u65f6\u5df2\u5168\u9762\u5360\u636e\u4e3b\u5bfc\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"679\" height=\"248\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/6ccd7e9f04b3fc6b0228b781ef3ee601.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/6ccd7e9f04b3fc6b0228b781ef3ee601.png\" alt=\"\" width=\"679\" height=\"248\" \/><\/p>\n<p>\u63a8\u52a8\u8fd9\u9879\u8f6c\u53d8\u7684\u6838\u5fc3\u529b\u91cf\u662f Hyperliquid \u81ea\u4e3b\u7814\u53d1\u7684\u533a\u5757\u94fe\u3002\u8be5\u94fe\u5728\u540c\u671f\u5185\u5c06\u5176\u5e02\u573a\u4efd\u989d\u4ece 13.6% \u5927\u5e45\u63d0\u5347\u81f3 58.9%\uff0c\u5728\u4e0d\u5230\u4e00\u5e74\u65f6\u95f4\u91cc\u5c31\u53d6\u4ee3\u4e86\u66fe\u5b9a\u4e49\u884c\u4e1a\u6807\u51c6\u7684\u5404\u7c7b Layer1 \u548c Layer2 \u89e3\u51b3\u65b9\u6848\uff0c\u6210\u4e3a\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u7684\u9ed8\u8ba4\u6267\u884c\u73af\u5883\u3002\u5176\u4f18\u52bf\u4e0d\u4ec5\u4f53\u73b0\u5728\u66f4\u5feb\u7684\u4ea4\u6613\u901f\u5ea6\uff0c\u66f4\u91cd\u8981\u7684\u662f\u5b83\u63d0\u4f9b\u4e86\u4e13\u4e1a\u4ea4\u6613\u8005\u6240\u8981\u6c42\u7684\u53ef\u9760\u6027\u548c\u4f4e\u5ef6\u8fdf\u4fdd\u969c\u3002<\/p>\n<p>Solana \u4e5f\u66fe\u7ecf\u5386\u4e86\u4e00\u8f6e\u5f3a\u52b2\u4e0a\u6da8\uff0c\u5728 2024 \u5e74\u672b\u7531 Jupiter \u548c Phoenix \u9879\u76ee\u63a8\u52a8\uff0c\u5176\u5e02\u5360\u7387\u4e00\u5ea6\u6500\u5347\u81f3\u8fd1 16% \u3002\u4f46\u6700\u7ec8\u7a33\u5b9a\u5728 10-11% \u533a\u95f4\uff0c\u672a\u80fd\u5ef6\u7eed\u7a81\u7834\u6027\u6210\u957f\u52a8\u80fd\u3002\u800c Base \u548c ZKsync \u751f\u6001\u867d\u663e\u73b0\u6d3b\u529b\uff08\u5e02\u5360\u7387\u5cf0\u503c\u8fbe 6-7%\uff09\uff0c\u4f46\u59cb\u7ec8\u672a\u80fd\u8dfb\u8eab\u9876\u7ea7\u516c\u94fe\u884c\u5217\u3002<\/p>\n<p>\u540c\u65f6\uff0cBlast \u6210\u4e3a\u4e86\u4e00\u4e2a\u8b66\u793a\u6027\u7684\u6848\u4f8b\uff1a\u8fd9\u4e2a\u6619\u82b1\u4e00\u73b0\u7684\u9879\u76ee\u5728 2024 \u5e74 6 \u6708\u66fe\u8fbe\u5230 18.8% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u5374\u53c8\u4ee5\u540c\u6837\u60ca\u4eba\u7684\u901f\u5ea6\u9500\u58f0\u533f\u8ff9\u3002\u5728\u4e00\u4e2a\u7531\u4ea7\u54c1\u54c1\u8d28\u548c\u7528\u6237\u7559\u5b58\u9a71\u52a8\u7684\u9886\u57df\uff0c\u5355\u7eaf\u7684\u7092\u4f5c\u7ec8\u96be\u957f\u4e45\u3002\u65b0\u7684\u4ea7\u4e1a\u6267\u884c\u6807\u51c6\u5df2\u7136\u660e\u786e\uff1a\u4ee5\u6548\u80fd\u4e3a\u6838\u5fc3\u7684\u516c\u94fe\u91cd\u65b0\u5b9a\u4e49\u4e86\u7ade\u4e89\u57fa\u51c6\uff0c\u4f20\u7edf\u57fa\u7840\u8bbe\u65bd\u4e0d\u518d\u5360\u636e\u9884\u8bbe\u4f18\u52bf\u5730\u4f4d\u3002<\/p>\n<p><img loading=\"lazy\" alt=\"\" width=\"680\" height=\"250\" data-cfsrc=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/d96b0b1b6f5c3741deaab2e2b2d13b05.png\" \/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/04\/d96b0b1b6f5c3741deaab2e2b2d13b05.png\" alt=\"\" width=\"680\" height=\"250\" \/><\/p>\n<p>DeFi \u7684\u672a\u6765\u4e0d\u5728\u4e8e\u591a\u94fe\u6269\u5c55\uff0c\u800c\u5c5e\u4e8e\u90a3\u4e9b\u80fd\u5c06\u4ea7\u4e1a\u53d9\u4e8b\u8f6c\u5316\u4e3a\u4f7f\u7528\u8005\u4e60\u60ef\u7684\u534f\u8bae\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\uff08\u4ee5\u4e0a\u5185\u5bb9\u83b7\u5408\u4f5c\u4f19\u4f34 PANews\u00a0\u6388\u6743\u8282\u5f55\u53ca\u8f6c\u8f7d\uff0c\u539f\u6587\u8fde\u7ed3 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