{"id":3418,"date":"2026-09-23T22:16:07","date_gmt":"2026-09-23T14:16:07","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=3418"},"modified":"2026-09-23T22:16:07","modified_gmt":"2026-09-23T14:16:07","slug":"%e6%b7%b1%e5%ba%a6%e6%8b%86%e8%a7%a3solana-dex%ef%bc%9a%e8%b0%81%e5%9c%a8%e7%93%9c%e5%88%86%e8%ae%a2%e5%8d%95%e6%b5%81%ef%bc%8c%e8%b0%81%e8%a2%ab%e6%b7%98%e6%b1%b0%e5%87%ba%e5%b1%80%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.zaixinjiang.com\/?p=3418","title":{"rendered":"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;"},"content":{"rendered":"<p>\u539f\u6587\u6807\u9898\uff1aSolana DEX Winners: All About Order Flow<\/p><\/blockquote>\n<blockquote><p>\u539f\u6587\u4f5c\u8005\uff1aCarlos Gonzalez Campo\uff0cBlockworks Research<\/p><\/blockquote>\n<blockquote><p>\u539f\u6587\u7f16\u8bd1\uff1aBitpushNews<\/p><\/blockquote>\n<h1>\u6838\u5fc3\u89c2\u70b9<\/h1>\n<p><strong>&#8211; Solana DEX \u7684\u4e3b\u5bfc\u683c\u5c40\u5c06\u6309\u8d44\u4ea7\u6210\u719f\u5ea6\u5206\u5316\uff1a<\/strong>\u4e3b\u52a8\u505a\u5e02 AMM \u5c06\u6301\u7eed\u4e3b\u5bfc\u77ed\u5c3e\u9ad8\u6d41\u52a8\u6027\u5e02\u573a\uff0c\u800c\u88ab\u52a8 AMM \u5c06\u65e5\u76ca\u4e13\u6ce8\u4e8e\u957f\u5c3e\u8d44\u4ea7\u548c\u65b0\u4ee3\u5e01\u53d1\u884c\u3002<\/p>\n<p><strong>&#8211; \u4e24\u7c7b AMM \u7684\u81f4\u80dc\u7b56\u7565\u622a\u7136\u4e0d\u540c\uff1a<\/strong>\u5b83\u4eec\u5747\u53ef\u53d7\u76ca\u4e8e\u5782\u76f4\u6574\u5408\uff0c\u4f46\u65b9\u5411\u76f8\u53cd\u3002\u88ab\u52a8 AMM \u6b63\u901a\u8fc7\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\uff08\u5982 Pump-PumpSwap\u3001MetaDAO-Futarchy AMM\uff09\u8d34\u8fd1\u7528\u6237\uff0c\u800c\u4e3b\u52a8\u505a\u5e02 AMM \u5219\u5411\u4e0b\u6e38\u5ef6\u4f38\uff0c\u4e13\u6ce8\u4e8e\u4ea4\u6613\u843d\u5730\u670d\u52a1\uff08\u5982 HumidiFi-Nozomi\uff09\u3002<\/p>\n<p><strong>&#8211; HumidiFi \u5728\u4e3b\u52a8\u505a\u5e02 AMM \u7c7b\u522b\u4e2d\u9886\u5148<\/strong>\uff0c\u5360\u636e\u7ea6 65% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u5176\u5927\u90e8\u5206\u4ea4\u6613\u91cf\u96c6\u4e2d\u5728 SOL-USDC \u548c SOL-USDT \u4ea4\u6613\u5bf9\u3002\u5176\u9884\u8a00\u673a\u66f4\u65b0\u6307\u4ee4\u6210\u672c\u5728\u540c\u7c7b\u4e2d\u6700\u4f18\uff0c\u76f8\u5bf9\u4e8e SolFi\u3001Tessera \u7b49\u540c\u884c\u4ee5\u53ca\u88ab\u52a8 AMM\uff0c\u5c55\u73b0\u51fa\u66f4\u51fa\u8272\u7684\u6807\u8bb0\u4ef7\u5dee\u8868\u73b0\u3002<\/p>\n<p><strong>&#8211; \u72ec\u7acb\u7684\u88ab\u52a8 AMM \u6a21\u5f0f\u5df2\u7ecf\u8fc7\u65f6\u3002<\/strong>\u672a\u6765\u7684\u8d62\u5bb6\u578b\u300c\u88ab\u52a8 AMM\u300d\u5c06\u4e0d\u518d\u88ab\u89c6\u4f5c\u7eaf\u7cb9\u7684 AMM\uff0c\u800c\u662f\u4f1a\u6210\u4e3a\u5782\u76f4\u6574\u5408\u4e86 AMM \u4f5c\u4e3a\u76c8\u5229\u5c42\u7684\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\u2014\u2014\u4f8b\u5982\u50cf Pump \u90a3\u6837\u6210\u4e3a\u542f\u52a8\u677f\uff0c\u6216\u50cf MetaDAO \u90a3\u6837\u6210\u4e3a ICO \u5e73\u53f0\u3002<\/p>\n<p><strong>&#8211; \u4e0d\u5c5e\u4e8e\u4e0a\u8ff0\u4efb\u4e00\u7c7b\u578b\u7684 DEX \u5c06\u9762\u4e34\u7ed3\u6784\u6027\u589e\u957f\u4e0b\u6ed1\u3002<\/strong>\u65e2\u975e\u4e3b\u52a8\u505a\u5e02 AMM \u4e5f\u975e\u5782\u76f4\u6574\u5408\u53d1\u884c\u5e73\u53f0\u7684\u534f\u8bae\uff08\u6700\u663e\u8457\u7684\u662f Raydium \u548c Orca\uff09\u5904\u4e8e\u7ed3\u6784\u6027\u52a3\u52bf\uff0c\u53ef\u80fd\u6210\u4e3a\u8fd9\u4e00\u8d8b\u52bf\u7684\u8f93\u5bb6\u3002<\/p>\n<p><strong>&#8211; \u4f30\u503c\u5e94\u540c\u65f6\u53cd\u6620\u4e1a\u52a1\u8d28\u91cf\u548c\u4ee3\u5e01\u4ef7\u503c\u7d2f\u79ef\u3002<\/strong>\u8bf8\u5982\u5e02\u9500\u7387\uff08P\/S\uff09\u7b49\u500d\u6570\u53ea\u6709\u5728\u589e\u957f\u524d\u666f\u548c\u53ef\u4fe1\u7684\u4ee3\u5e01\u6301\u6709\u4eba\u4ef7\u503c\u6355\u83b7\u80cc\u666f\u4e0b\u624d\u6709\u610f\u4e49\u3002WET \u5c31\u662f\u4e00\u4e2a\u6743\u8861\u6848\u4f8b\uff1a\u76f8\u8f83\u4e8e\u540c\u884c\u4f3c\u4e4e\u88ab\u4f4e\u4f30\uff0c\u4f46\u7531\u4e8e\u957f\u671f\u4ee3\u5e01\u8d4b\u80fd\u7684\u4e0d\u786e\u5b9a\u6027\uff0c\u5176\u4ea4\u6613\u4ef7\u683c\u4ecd\u5b58\u5728\u6298\u4ef7\u3002<\/p>\n<h3>\u524d\u8a00<\/h3>\n<p>2025 \u5e74 2 \u6708\uff0c\u6211\u4eec\u66fe\u53d1\u5e03\u5173\u4e8e Solana DEX \u7ade\u4e89\u683c\u5c40\u7684\u62a5\u544a\u3002\u5f7c\u65f6\uff0cDEX \u4ea4\u6613\u91cf\u6b63\u5904\u4e8e\u5386\u53f2\u9ad8\u4f4d\uff0c\u800c\u6211\u4eec\uff08\u4e8b\u540e\u770b\u6765\uff09\u8fc7\u4e8e\u951a\u5b9a\u4e86\u4e00\u4e2a\u5305\u542b\u4e86\u5f02\u5e38\u72c2\u70ed\u65f6\u671f\u7684 90 \u5929\u6eda\u52a8\u7a97\u53e3\uff1a2024 \u5e74\u7b2c\u56db\u5b63\u5ea6\u7684\u7f8e\u56fd\u5927\u9009\u540e\u53cd\u5f39\u30011 \u6708\u7684 TRUMP \u8ff7\u56e0\u5e01\u72c2\u6f6e\u4ee5\u53ca 2 \u6708 LIBRA \u63a8\u52a8\u7684\u6d3b\u8dc3\u671f\u3002\u5f53\u65f6\uff0cRaydium \u662f\u9886\u5148\u7684 DEX\uff0c\u5360\u636e\u7ea6 50% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u4e14 Solana \u4e0a\u5927\u90e8\u5206 DEX \u4ea4\u6613\u91cf\u6765\u81ea meme \u5e01\u3002<\/p>\n<p>\u5982\u4eca\uff0c\u683c\u5c40\u5df2\u53d1\u751f\u6839\u672c\u6027\u53d8\u5316\u3002\u4e3b\u52a8\u505a\u5e02 AMM \u7684\u5174\u8d77\u91cd\u5851\u4e86\u5e02\u573a\u7ed3\u6784\uff0c\u4ea4\u6613\u91cf\u96c6\u4e2d\u5ea6\u5df2\u4ece\u8ff7\u56e0\u5e01\u8f6c\u5411 SOL-\u7f8e\u5143\u4ea4\u6613\u5bf9\u3002\u5c3d\u7ba1 Lifinity \u5f00\u521b\u4e86\u4e3b\u52a8\u505a\u5e02 AMM \u6a21\u578b\uff0c\u4f46\u76f4\u5230 2024 \u5e74 10 \u6708\u5e95 SolFi \u63a8\u51fa\u540e\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u624d\u5f00\u59cb\u6fc0\u589e\uff0c\u5e76\u5728\u9ad8\u6d41\u52a8\u6027\u4ea4\u6613\u5bf9\u7684\u4ea4\u6613\u91cf\u4e2d\u5360\u636e\u91cd\u8981\u4efd\u989d\u3002<\/p>\n<p>\u968f\u7740\u4e3b\u52a8\u505a\u5e02 AMM \u6301\u7eed\u4e3b\u5bfc\u77ed\u5c3e\u8d44\u4ea7\u7684\u8d44\u91d1\u6d41\uff0c\u88ab\u52a8 AMM \u5904\u5883\u8270\u96be\uff0c\u65e5\u76ca\u88ab\u63a8\u5411\u957f\u5c3e\u8d44\u4ea7\u548c\u4f9d\u8d56\u53d1\u884c\u7684\u4ea4\u6613\u91cf\u3002Pump \u5728 2025 \u5e74 3 \u6708\u63a8\u51fa AMM \u4fbf\u8bc1\u660e\u4e86\u8fd9\u79cd\u4f9d\u8d56\u6027\uff1a\u4e00\u65e6 Pump \u5c06\u6bd5\u4e1a\u4ee3\u5e01\u5f15\u5bfc\u81f3\u5176\u81ea\u6709 AMM\uff0cRaydium \u4fbf\u5931\u53bb\u4e86\u5176\u6700\u5927\u7684\u4ea4\u6613\u91cf\u548c\u6536\u5165\u6765\u6e90\uff0c\u5e02\u573a\u4efd\u989d\u81ea\u6b64\u4e0d\u65ad\u4e0b\u964d\u3002\u7531\u4e8e\u88ab\u52a8 AMM \u7684\u6d41\u52a8\u6027\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5df2\u5546\u54c1\u5316\uff0c\u6700\u6709\u53ef\u80fd\u5b58\u7eed\u7684 AMM \u5c06\u662f\u90a3\u4e9b\u63a7\u5236\u53d1\u884c\u548c\u8ba2\u5355\u6d41\u7684\u534f\u8bae\u3002<\/p>\n<p>\u672c\u62a5\u544a\u57fa\u4e8e\u8fd9\u4e00\u65b0\u7684\u5e02\u573a\u7ed3\u6784\uff0c\u91cd\u65b0\u5ba1\u89c6 Solana \u7684 DEX \u683c\u5c40\uff0c\u66f4\u65b0\u7ade\u4e89\u5b9a\u4f4d\u3001\u4f30\u503c\uff0c\u5e76\u9610\u8ff0\u6211\u4eec\u5bf9\u6700\u6709\u6f5c\u529b\u4ece\u4e2d\u80dc\u51fa\u7684\u534f\u8bae\u7684\u770b\u6cd5\u3002<\/p>\n<h3>\u4e13\u4e1a\u5316\uff1a\u77ed\u5c3e\u8d44\u4ea7 vs. \u957f\u5c3e\u8d44\u4ea7<\/h3>\n<p>Solana \u7684 DEX \u4e3b\u5bfc\u5730\u4f4d\u5c06\u7ee7\u7eed\u6839\u636e\u8d44\u4ea7\u6210\u719f\u5ea6\u5206\u5316\u3002<\/p>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u5c06\u4e3b\u5bfc\u77ed\u5c3e\u8d44\u4ea7\uff08\u5373\u9ad8\u6d41\u52a8\u6027\u5e02\u573a\uff09\uff0c\u5305\u62ec SOL-\u7a33\u5b9a\u5e01\u548c\u7a33\u5b9a\u5e01\u95f4\u4ea4\u6613\u5bf9\u3002<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0cMeteora \u548c Raydium \u7b49\u88ab\u52a8 AMM \u5728\u7ba1\u7406\u957f\u5c3e\u8d44\u4ea7\u7684\u6d41\u52a8\u6027\u65b9\u9762\u4ecd\u5c06\u66f4\u9ad8\u6548\u3002\u4e3b\u52a8\u505a\u5e02 AMM \u5728\u8fd9\u4e00\u5782\u76f4\u9886\u57df\u51e0\u4e4e\u4e0d\u5b58\u5728\uff0c\u56e0\u4e3a\u4e3a\u6ca1\u6709\u5b9e\u65f6\u9884\u8a00\u673a\u4ef7\u683c\u7684\u65b0\u8d44\u4ea7\u4e3b\u52a8\u7ba1\u7406\u6d41\u52a8\u6027\u5bf9\u5b83\u4eec\u800c\u8a00\u98ce\u9669\u8fc7\u9ad8\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827790102273.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe\" \/><\/p>\n<h1>\u8ba2\u5355\u6d41\uff1a\u6267\u884c vs. \u53d1\u884c<\/h1>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u6ca1\u6709\u524d\u7aef\uff0c\u56e0\u6b64\u4f9d\u8d56 Jupiter \u548c DFlow \u7b49\u805a\u5408\u5668\u4e0e\u5176\u5408\u7ea6\u4ea4\u4e92\u5e76\u901a\u8fc7\u5176\u8d44\u91d1\u6c60\u6267\u884c\u4ea4\u6613\u3002\u6362\u8a00\u4e4b\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u9700\u8981\u805a\u5408\u5668\u6765\u83b7\u5f97\u8ba2\u5355\u6d41\u3002<\/p>\n<p>\u4e0b\u56fe\u663e\u793a\uff0cHumidiFi \u8d85\u8fc7 95% \u7684\u4ea4\u6613\u91cf\u6765\u81ea DEX \u805a\u5408\u5668\uff0cTessera\u3001GoonFi \u548c SolFi \u7b49\u5176\u4ed6\u4e3b\u52a8\u505a\u5e02 AMM \u4e5f\u5448\u73b0\u51fa\u7c7b\u4f3c\u6a21\u5f0f\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827790288927.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe1\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe1\" \/><\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u88ab\u52a8 AMM \u6765\u81ea\u805a\u5408\u5668\u7684\u4ea4\u6613\u91cf\u5360\u6bd4\u4e0d\u5230\u4e09\u5206\u4e4b\u4e00\u3002<\/p>\n<p>\u88ab\u52a8 AMM \u5728\u4e3b\u8981\u8d44\u4ea7\u7684\u4ef7\u683c\u6267\u884c\u4e0a\u65e0\u6cd5\u4e0e\u4e3b\u52a8\u505a\u5e02 AMM \u7ade\u4e89\uff0c\u5e76\u4e14\u7531\u4e8e\u957f\u5c3e\u8d44\u4ea7\u7684\u6d41\u52a8\u6027\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5df2\u5546\u54c1\u5316\uff0c\u5b83\u4eec\u5fc5\u987b\u5728<strong>\u53d1\u884c\u6e20\u9053<\/strong>\u4e0a\u7ade\u4e89\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827790467748.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe2\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe2\" \/><\/p>\n<p>\u7efc\u4e0a\u6240\u8ff0\uff1a<\/p>\n<p>&#8211; \u4e3b\u52a8\u505a\u5e02 AMM \u5fc5\u987b\u5728\u4ef7\u683c\u6267\u884c\u4e0a\u7ade\u4e89\uff0c\u805a\u5408\u5668\u4f1a\u5c06\u8ba2\u5355\u8def\u7531\u81f3\u63d0\u4f9b\u6700\u4f4e\u6ed1\u70b9\u7684\u573a\u6240\u3002\u5982\u62a5\u544a\u540e\u6587\u5c06\u8be6\u8ff0\uff0c\u4ea4\u6613\u6392\u5e8f\u5bf9\u4e3b\u52a8\u505a\u5e02 AMM\uff08\u53ef\u88ab\u89c6\u4e3a\u505a\u5e02\u5546\uff09\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u4eec\u9700\u8981\u4e89\u76f8\u5728\u5403\u5355\u8005\u5957\u5229\u524d\u66f4\u65b0\u62a5\u4ef7\u3002\u56e0\u6b64\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u53ef\u4ee5\u53d7\u76ca\u4e8e\u5411\u4e0b\u6e38\u8fc1\u79fb\uff0c\u5e76\u4e13\u6ce8\u4e8e\u4ea4\u6613\u843d\u5730\u670d\u52a1\u3002<\/p>\n<p>&#8211; \u88ab\u52a8 AMM \u5fc5\u987b\u5728\u53d1\u884c\u6e20\u9053\u4e0a\u7ade\u4e89\uff0c\u8fd9\u610f\u5473\u7740\u5b83\u4eec\u9700\u8981\u8fdb\u884c\u5782\u76f4\u6574\u5408\uff0c\u5426\u5219\u5c06\u9010\u6e10\u5931\u53bb\u76f8\u5173\u6027\u3002\u4e0e\u4e3b\u52a8\u505a\u5e02 AMM \u76f8\u53cd\uff0c\u88ab\u52a8 AMM \u9700\u8981\u901a\u8fc7\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\uff08\u4f8b\u5982 Pump-PumpSwap\u3001MetaDAO-Futarchy AMM\uff09\u6765\u8d34\u8fd1\u7528\u6237\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827790659438.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe3\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe3\" \/><\/p>\n<p>\u6211\u4eec\u8ba4\u4e3a\uff0c<strong>\u80fd\u591f\u957f\u4e45\u5b58\u6d3b\u7684\u88ab\u52a8 AMM\uff0c\u6700\u7ec8\u5c06\u4e0d\u518d\u88ab\u4eba\u4eec\u89c6\u4e3a\u7eaf\u7cb9\u7684 AMM<\/strong>\u3002\u5b83\u4eec\u7684\u4e3b\u8981\u529f\u80fd\u4f1a\u8f6c\u5411\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\u2014\u2014\u6bd4\u5982\u542f\u52a8\u677f\u6216 ICO \u5e73\u53f0\uff0c\u800c AMM \u672c\u8eab\uff0c\u5219\u53ea\u662f\u4e3a\u4ee3\u5e01\u53d1\u884c\u63d0\u4f9b\u53d8\u73b0\u7684\u5e95\u5c42\u5de5\u5177\u3002Meteora \u7b97\u662f\u4e00\u4e2a\u53ef\u80fd\u7684\u4f8b\u5916\uff0c\u4e0d\u8fc7\u5b83\u7684\u6210\u529f\u5f88\u5927\u7a0b\u5ea6\u4e0a\u8fd8\u662f\u4f9d\u8d56 Jupiter \u5e26\u6765\u7684\u6d41\u91cf\u5206\u53d1\u3002\u4ee5\u4e0b\u662f\u8fd9\u4e00\u8d8b\u52bf\u4e2d\u6700\u5178\u578b\u7684\u51e0\u4e2a\u4f8b\u5b50\uff1a<\/p>\n<p>&#8211; Pump\uff08\u542f\u52a8\u677f\uff09\u2014\u2014PumpSwap<\/p>\n<p>&#8211; MetaDAO\uff08ICO \u5e73\u53f0\uff09\u2014\u2014Futarchy AMM<\/p>\n<p>&#8211; Jupiter \u7684 DTF\uff08ICO \u5e73\u53f0\uff09\u2014\u2014Meteora<\/p>\n<p>HumidiFi \u662f\u5782\u76f4\u6574\u5408\u7684\u4e3b\u52a8\u505a\u5e02 AMM \u6700\u6e05\u6670\u7684\u4f8b\u5b50\uff0c\u5b83\u53d7\u76ca\u4e8e\u7531\u540c\u4e00\u6838\u5fc3\u56e2\u961f\uff08Temporal\uff09\u6784\u5efa\u7684\u4ea4\u6613\u843d\u5730\u670d\u52a1 Nozomi\u3002<\/p>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u4e0e\u4f20\u7edf AMM \u4e4b\u95f4\u7684\u6839\u672c\u5dee\u5f02\u9700\u8981\u8fdb\u884c\u72ec\u7acb\u7684\u7ade\u4e89\u5206\u6790\u3002<\/p>\n<h3>\u4e3b\u52a8\u505a\u5e02 AMM\uff1aHumidiFi \u7684\u7edf\u6cbb\u5730\u4f4d<\/h3>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u662f\u901a\u8fc7\u9884\u8a00\u673a\u66f4\u65b0\u8fdb\u884c\u4e3b\u52a8\u6d41\u52a8\u6027\u7ba1\u7406\u7684\u73b0\u8d27\u4ea4\u6613\u6240\u3002\u6bcf\u4e2a\u4e3b\u52a8\u505a\u5e02 AMM \u7531\u4e00\u4e2a\u72ec\u7acb\u7684\u505a\u5e02\u5546\u8fd0\u8425\uff08\u65e0\u5916\u90e8\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff09\uff0c\u5176\u4f7f\u7528\u9ad8\u5ea6\u4f18\u5316\u7684\u4ea4\u6613\u6765\u66f4\u65b0\u9884\u8a00\u673a\u4ef7\u683c\uff0c\u4ece\u800c\u5b9e\u73b0\u6bcf\u79d2\u591a\u6b21\u8c03\u6574\u62a5\u4ef7\u3002\u968f\u7740\u76ee\u524d Solana \u4e0a\u5df2\u6709\u8d85\u8fc7\u5341\u4e2a\u4e3b\u52a8\u505a\u5e02 AMM \u4e0a\u7ebf\uff0c\u5b83\u4eec\u73b0\u5df2\u5360\u636e\u8be5\u94fe\u6240\u6709\u73b0\u8d27\u4ea4\u6613\u91cf\u7684 50% \u4ee5\u4e0a\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827790841249.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe4\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe4\" \/><\/p>\n<p>\u5982\u524d\u6240\u8ff0\uff0cLifinity \u662f\u9996\u4e2a\u4e3b\u52a8\u505a\u5e02 AMM\uff0c\u5f00\u521b\u4e86\u534f\u8bae\u81ea\u6709\u6d41\u52a8\u6027\u548c\u57fa\u4e8e\u9884\u8a00\u673a\u4ef7\u683c\u8c03\u6574\u62a5\u4ef7\u7684\u7406\u5ff5\u3002\u7136\u800c\uff0c\u5728 Ellipsis Labs\uff08Phoenix \u80cc\u540e\u7684\u56e2\u961f\uff09\u4e8e 2024 \u5e74 10 \u6708\u5e95\u63a8\u51fa SolFi \u540e\uff0cLifinity \u5e02\u573a\u4efd\u989d\u8fc5\u901f\u6d41\u5931\uff0c\u4ea4\u6613\u91cf\u6301\u7eed\u4e0b\u964d\u3002Lifinity \u4e8e 2025 \u5e74 11 \u6708 20 \u65e5\u505c\u6b62\u8fd0\u8425\uff0c\u8fd9\u4e00\u51b3\u5b9a\u663e\u793a\u4e86\u4e3b\u52a8\u505a\u5e02 AMM \u9886\u57df\u7684\u7ade\u4e89\u6709\u591a\u4e48\u6fc0\u70c8\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791009485.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe5\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe5\" \/><\/p>\n<p>\u5982\u4e0a\u56fe\u6240\u793a\uff0cSolFi \u5728 2025 \u5e74\u7b2c\u4e00\u548c\u7b2c\u4e8c\u5b63\u5ea6\u5360\u636e\u4e86\u8fd1\u4e00\u534a\u7684\u4e3b\u52a8\u505a\u5e02 AMM \u4ea4\u6613\u91cf\uff0c\u4f46 HumidiFi \u5728 2025 \u5e74 6 \u6708\u63a8\u51fa\u540e\u8fc5\u901f\u5d1b\u8d77\u81f3\u699c\u9996\u3002HumidiFi \u76ee\u524d\u4ee5<strong> 65% \u7684\u5e02\u573a\u4efd\u989d<\/strong>\u5f15\u9886\u4e3b\u52a8\u505a\u5e02 AMM \u4ea4\u6613\u91cf\uff0c\u5176\u6b21\u662f Tessera\uff0818%\uff09\u548c GoonFi\uff087%\uff09\u3002<\/p>\n<p>HumidiFi \u80cc\u540e\u7684\u6838\u5fc3\u5de5\u7a0b\u56e2\u961f\u662f Temporal\uff0c\u8fd9\u662f Solana \u4e0a\u6280\u672f\u5b9e\u529b\u6700\u5f3a\u7684\u56e2\u961f\u4e4b\u4e00\u3002<\/p>\n<p>Temporal \u8fd8\u5728\u57fa\u7840\u8bbe\u65bd\u5c42\u9762\u8fd0\u8425\u5176\u4ed6\u4ea7\u54c1\uff0c\u5305\u62ec Nozomi\uff08\u4ea4\u6613\u843d\u5730\u670d\u52a1\uff09\u548c Harmonic\uff08\u65e8\u5728\u4e0e Jito \u7ade\u4e89\u7684\u533a\u57df\u5757\u6784\u5efa\u7cfb\u7edf\uff09\u3002\u9664\u4e86 Temporal \u7684\u8d21\u732e\uff0cHumidiFi \u7684\u8054\u5408\u521b\u59cb\u4eba Kevin Pang \u66fe\u5728 Jump\u3001Paradigm \u548c Symbolic Capital Partners \u5de5\u4f5c\uff0c\u4e3a\u8fd9\u4e2a\u4e3b\u52a8\u505a\u5e02 AMM \u5e26\u6765\u4e86\u4e0d\u53ef\u6216\u7f3a\u7684\u9ad8\u9891\u4ea4\u6613\u4e13\u4e1a\u77e5\u8bc6\u3002<\/p>\n<p>HumidiFi \u4f8b\u8bc1\u4e86\u6211\u4eec\u7684\u89c2\u70b9\uff1a\u4e0e\u9700\u8981\u5411\u4e0b\u6e38\u8fc1\u79fb\u5e76\u638c\u63a7\u7ec8\u7aef\u7528\u6237\u4ee5\u6355\u83b7\u8ba2\u5355\u6d41\u7684\u88ab\u52a8 AMM \u4e0d\u540c\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u66f4\u9002\u5408\u5411\u4e0b\u6e38\u8fc1\u79fb\uff0c\u8fdb\u5165\u4ea4\u6613\u6253\u5305\u548c\u6392\u5e8f\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u3002Temporal \u7684\u57fa\u7840\u8bbe\u65bd\u5806\u6808\u4e0e HumidiFi \u9ad8\u5ea6\u4e92\u8865\uff0c\u63d0\u5347\u4e86\u5176\u4e3a\u9884\u8a00\u673a\u66f4\u65b0\u4f18\u5316\u8ba1\u7b97\u4f7f\u7528\u548c\u4ea4\u6613\u843d\u5730\u7684\u80fd\u529b\u3002<\/p>\n<p>\u5c3d\u7ba1 HumidiFi \u6709 18 \u4e2a\u6d3b\u8dc3\u8d44\u91d1\u6c60\uff0c\u4f46\u5176\u7ea6 98% \u7684\u4ea4\u6613\u91cf\u6765\u81ea SOL-USDC\uff0883.3%\uff09\u548c SOL-USDT\uff0814.4%\uff09\u4ea4\u6613\u5bf9\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791188542.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe6\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe6\" \/><\/p>\n<h3>CEX&gt;DEX \u5957\u5229\u6b63\u5728\u8f6c\u5411\u94fe\u4e0a<\/h3>\n<p>\u6839\u636e Blockworks \u6570\u636e\u4e3b\u7ba1 Dan Smith \u7684\u8bf4\u6cd5\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u4e3b\u5bfc SOL-\u7f8e\u5143\u4ea4\u6613\u91cf\u6700\u6709\u8da3\u7684\u4e8c\u9636\u6548\u5e94\u4e4b\u4e00\u662f\uff0cCEX&gt;DEX \u5957\u5229\u7684 CEX \u73af\u8282\u6b63\u5728\u8f6c\u5411\u94fe\u4e0a\u3002<\/p>\n<p>\u8fc7\u53bb\u7684\u60c5\u51b5\u662f\uff1a<\/p>\n<p>1. \u94fe\u4e0a\u4ef7\u683c\u4e3a 120 \u7f8e\u5143\uff0c\u5e01\u5b89\u4ef7\u683c\u8df3\u6da8\u81f3 125 \u7f8e\u5143\u3002<\/p>\n<p>2. CEX&gt;DEX \u5957\u5229\u673a\u5668\u4eba\u4f1a\u5728\u94fe\u4e0a\u4e70\u5165\uff0c\u5728\u5e01\u5b89\u5356\u51fa\u3002<\/p>\n<p>3. \u5957\u5229\u673a\u5668\u4eba\u6355\u83b7 5 \u7f8e\u5143\u7684\u5dee\u4ef7\u3002<\/p>\n<p>\u73b0\u5728\u7684\u60c5\u51b5\u662f\uff1a<\/p>\n<p>1. \u94fe\u4e0a\u4ef7\u683c\u4e3a 120 \u7f8e\u5143\uff0c\u5e01\u5b89\u4ef7\u683c\u8df3\u6da8\u81f3 125 \u7f8e\u5143\u3002<\/p>\n<p>2. \u4e3b\u52a8\u505a\u5e02 AMM \u8fc5\u901f\u66f4\u65b0\u5176\u62a5\u4ef7\u4ee5\u53cd\u6620\u5e01\u5b89 125 \u7f8e\u5143\u7684\u4ef7\u683c\u3002<\/p>\n<p>3. \u5957\u5229\u673a\u5668\u4eba\u73b0\u5728\u53ef\u4ee5\u539f\u5b50\u5316\u5730\u4ece\u94fe\u4e0a\u62a5\u4ef7\u6ede\u540e\u7684\u573a\u6240\u4e70\u5165\uff0c\u5e76\u5356\u7ed9\u4e3b\u52a8\u505a\u5e02 AMM\u3002<\/p>\n<p>4. \u5957\u5229\u673a\u5668\u4eba\u6355\u83b7 5 \u7f8e\u5143\u7684\u5dee\u4ef7\u3002<\/p>\n<p>\u7531\u4e8e\u62a5\u4ef7\u6ede\u540e\u7684\u94fe\u4e0a\u573a\u6240\u548c\u4e3b\u52a8\u505a\u5e02 AMM \u90fd\u5728\u94fe\u4e0a\uff0c\u73b0\u5728\u5957\u5229\u53ef\u4ee5\u5728\u5355\u7b14\u4ea4\u6613\u4e2d\u539f\u5b50\u5316\u5730\u5b8c\u6210\uff0c\u4ea4\u6613\u8005\u9762\u4e34\u7684\u98ce\u9669\u66f4\u4f4e\u3002\u56e0\u6b64\uff0c\u5229\u7528\u95ea\u7535\u8d37\u6355\u6349\u8fd9\u4e9b\u673a\u4f1a\u7684\u5957\u5229\u673a\u5668\u4eba\u6570\u91cf\u6709\u6240\u589e\u52a0\u3002<\/p>\n<p>\u4e0b\u56fe\u663e\u793a\uff0c\u901a\u8fc7\u4e3b\u52a8\u505a\u5e02 AMM \u7684 DEX \u805a\u5408\u5668\u4ea4\u6613\u91cf\u767e\u5206\u6bd4\uff08\u5de6\u8f74\uff09\u4e0e\u5c5e\u4e8e\u5faa\u73af\u5957\u5229\u7684 DEX \u805a\u5408\u5668\u4ea4\u6613\u91cf\u767e\u5206\u6bd4\uff08\u53f3\u8f74\uff09\u4e4b\u95f4\u5b58\u5728\u6781\u5176\u7d27\u5bc6\u7684\u5173\u7cfb\u3002\u6b64\u5904\uff0c\u6211\u4eec\u5c06\u5faa\u73af\u5957\u754c\u5b9a\u4e3a\u8f93\u5165\u548c\u8f93\u51fa\u4ee3\u5e01\u76f8\u540c\u7684\u4ea4\u6613\uff0c\u8fd9\u6355\u6349\u4e86\u4e0a\u8ff0\u5957\u5229\u4ea4\u6613\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791431200.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe7\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe7\" \/><\/p>\n<p>\u4ece\u8fd9\u4e00\u8d8b\u52bf\u6765\u770b\uff0c<strong>\u4e3b\u52a8\u505a\u5e02 AMM \u76ee\u524d\u5728 SOL-\u7f8e\u5143\u4ea4\u6613\u5bf9\u4e0a\u7684\u4ea4\u6613\u91cf\u5df2\u8d85\u8fc7 CEX\u3002<\/strong>\u4e0b\u56fe\u663e\u793a\uff0c\u8fc7\u53bb\u56db\u5468\uff0cHumidiFi \u7684\u5468\u5747 SOL-\u7f8e\u5143\u4ea4\u6613\u91cf\u8d85\u8fc7 90 \u4ebf\u7f8e\u5143\uff0c\u8d85\u8fc7\u4e86\u5e01\u5b89\uff0c\u6210\u4e3a\u7b2c\u4e00\u5927\u4ea4\u6613\u573a\u6240\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791598849.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe8\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe8\" \/><\/p>\n<h3>\u9884\u8a00\u673a\u8fdb\u5c55<\/h3>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u901a\u8fc7\u9884\u8a00\u673a\u66f4\u65b0\u6765\u8c03\u6574\u5176\u5b9a\u4ef7\u66f2\u7ebf\uff0c\u4f7f\u5176\u62a5\u4ef7\u6bd4\u88ab\u52a8 AMM\u300c\u66f4\u65b0\u9c9c\u300d\u3002\u7531\u4e8e\u9884\u8a00\u673a\u66f4\u65b0\u7684\u8ba1\u7b97\u5f3a\u5ea6\u5927\u7ea6\u6bd4\u4ea4\u6362\u4f4e 100 \u500d\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u4e2d\u7684\u505a\u5e02\u5546\u53ef\u4ee5\u6bcf\u79d2\u591a\u6b21\u5feb\u901f\u66f4\u65b0\u5176\u5185\u90e8\u8d44\u91d1\u6c60\u53c2\u6570\uff0c\u4ece\u800c\u80fd\u591f\u63d0\u4f9b\u6bd4\u62e5\u6709\u805a\u5408\u6d41\u52a8\u6027\u7684\u88ab\u52a8 AMM \u66f4\u7a84\u7684\u4ef7\u5dee\u3002<\/p>\n<p>\u8fd9\u4e9b\u9884\u8a00\u673a\u66f4\u65b0\u4ea4\u6613\u7ecf\u8fc7\u9ad8\u5ea6\u4f18\u5316\uff0c\u4ee5\u6d88\u8017\u5c3d\u53ef\u80fd\u5c11\u7684\u8ba1\u7b97\u5355\u5143\u3002\u7531\u4e8e\u533a\u5757\u4e2d\u7684\u4ea4\u6613\u6309\u6bcf CU \u652f\u4ed8\u7684\u4f18\u5148\u8d39\u7528\u6392\u5e8f\uff0c\u66f4\u8f7b\u91cf\u7ea7\u7684\u9884\u8a00\u673a\u66f4\u65b0\u53ef\u4ee5\u4f7f\u4ea4\u6613\u5728\u533a\u5757\u4e2d\u4ee5\u66f4\u4f4e\u7684\u603b\u4ea4\u6613\u8d39\u83b7\u5f97\u66f4\u9ad8\u7684\u6392\u5e8f\u3002\u4ea4\u6613\u6392\u5e8f\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u5b58\u5728\u5728\u5403\u5355\u8005\u5957\u5229\u524d\u66f4\u65b0\u62a5\u4ef7\u7684\u7ade\u8d5b\u3002\u4e0b\u56fe\u663e\u793a\uff0cHumidiFi \u79ef\u6781\u4f18\u5316\u4e86\u5176\u9884\u8a00\u673a\u66f4\u65b0\u6307\u4ee4\uff0c\u5c06\u8ba1\u7b97\u91cf\u51cf\u5c11\u81f3 47 CU\uff0c\u6bd4 6 \u6708\u63a8\u51fa\u65f6\u4e0b\u964d\u4e86\u8d85\u8fc7 85%\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791775702.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe9\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe9\" \/><\/p>\n<p>\u7136\u800c\uff0c\u4e0a\u56fe\u4ec5\u8003\u8651\u4e86\u9884\u8a00\u673a\u66f4\u65b0\u6307\u4ee4\u672c\u8eab\u6d88\u8017\u7684 CU\u3002\u66f4\u76f8\u5173\u7684\u6307\u6807\u662f\u4ea4\u6613\u603b CU\uff0c\u56e0\u4e3a\u4e3b\u52a8\u505a\u5e02 AMM \u79bb\u4e0d\u5f00\u5b8c\u6574\u7684\u4ea4\u6613\u6765\u66f4\u65b0\u9884\u8a00\u673a\uff0c\u8fd9\u5305\u62ec\u6267\u884c\u66f4\u65b0\u6240\u9700\u7684\u4efb\u4f55\u989d\u5916\u7a0b\u5e8f\u8c03\u7528\u548c\u8d26\u6237\u5904\u7406\u5f00\u9500\u3002<\/p>\n<p>\u4e0b\u8868\u663e\u793a\uff0cHumidiFi \u5df2\u5c06\u5176\u9884\u8a00\u673a\u66f4\u65b0\u4ea4\u6613\u51cf\u5c11\u81f3500 CU\uff0c\u4e3a\u540c\u7c7b\u4e2d\u6700\u4f4e\u3002\u9664\u4e86 HumidiFi\uff0c\u53ea\u6709 Tessera \u548c GoonFi \u4f4e\u4e8e 1000 CU\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827791939709.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe10\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe10\" \/><\/p>\n<p>\u5c3d\u7ba1\u6bcf\u6b21\u9884\u8a00\u673a\u66f4\u65b0\u4ea4\u6613\u5927\u7ea6\u652f\u4ed8 0.0016 \u7f8e\u5143\uff0c\u4f46\u81ea\u5c06\u603b\u8ba1\u7b97\u91cf\u964d\u81f3 500 CU \u4ee5\u4e0b\u4ee5\u6765\uff0cHumidiFi \u5e73\u5747\u6bcf\u5929\u8fdb\u884c\u7ea6 600 \u4e07\u6b21\u66f4\u65b0\uff08\u6bcf\u79d2\u7ea6 70 \u6b21\uff01\uff09\u3002\u6309\u6b64\u901f\u7387\uff0cHumidiFi \u6bcf\u5929\u5728\u4ea4\u6613\u6253\u5305\u8d39\u7528\uff08\u57fa\u7840\u8d39\u7528+\u4f18\u5148\u8d39\u7528+Jito \u5c0f\u8d39\uff09\u4e0a\u7684\u652f\u51fa\u7ea6\u4e3a 9,000 \u81f3 10,000 \u7f8e\u5143\u3002<\/p>\n<h3>HumidiFi \u7684\u6536\u5165<\/h3>\n<p>\u867d\u7136 HumidiFi \u7684\u6536\u5165\u672a\u516c\u5f00\uff0c\u4f46\u6211\u4eec\u53ef\u4ee5\u901a\u8fc7\u89c2\u5bdf\u5176\u81ea\u6210\u7acb\u4ee5\u6765\u7684\u4ee3\u5e01\u5e93\u5b58\u589e\u91cf\u6765\u4f30\u7b97\u3002\u6838\u5fc3\u601d\u8def\u662f\uff0c\u7531\u4e8e HumidiFi \u5b9e\u8d28\u4e0a\u5145\u5f53\u505a\u5e02\u67dc\u53f0\uff08\u4e3b\u52a8\u505a\u5e02 AMM \u4e2d\u53ea\u6709\u4e00\u4e2a LP\uff09\uff0c\u6bcf\u4e00\u7b14\u4e0e\u5176\u8fdb\u884c\u7684\u4ea4\u6613\u90fd\u6709\u8d62\u5bb6\u548c\u8f93\u5bb6\u3002\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u505a\u5e02\u5546\u7684\u51c0\u5e93\u5b58\u53d8\u5316\u53cd\u6620\u4e86\u4ea4\u6613\u76c8\u4e8f\u3002\u56e0\u6b64\uff0c\u6211\u4eec\u53ef\u4ee5\u4ece HumidiFi \u7684\u89d2\u5ea6\u8ffd\u8e2a\u5404\u79cd\u4ee3\u5e01\u7684\u7d2f\u8ba1\u51c0\u4ea4\u6613\u6d41\u91cf\uff0c\u4f5c\u4e3a\u5176\u6536\u5165\u7684\u4ee3\u7406\u6307\u6807\u3002<\/p>\n<p>\u4e0b\u56fe\u663e\u793a\u4e86 HumidiFi \u5728 SOL \u4e0a\u7684\u7d2f\u8ba1\u51c0\u4ea4\u6613\u6d41\u91cf\uff08\u5176 98% \u7684\u4ea4\u6613\u91cf\u6765\u6e90\u4e8e\u6b64\uff09\uff0c\u622a\u81f3 2025 \u5e74 12 \u6708 2 \u65e5\u7ea6\u4e3a 2.5 \u4e07\u679a SOL\u3002\u901a\u8fc7\u6d4b\u91cf HumidiFi SOL \u5e93\u5b58\u7684\u6bcf\u65e5\u53d8\u5316\uff0c\u5e76\u5c06\u8fd9\u4e9b\u4f59\u989d\u4e58\u4ee5\u6bcf\u65e5\u7684 SOL \u4ef7\u683c\uff0c\u6211\u4eec\u4f30\u7b97\u51fa\u81ea 2025 \u5e74 6 \u6708\u6210\u7acb\u81f3 12 \u6708 2 \u65e5\uff0c\u5176\u7d2f\u8ba1\u4ea4\u6613\u6536\u5165\u7ea6\u4e3a 410 \u4e07\u7f8e\u5143\uff0c\u76f8\u5f53\u4e8e\u65e5\u5747\u6bdb\u6536\u5165\u7ea6 2.4 \u4e07\u7f8e\u5143\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827792222140.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe11\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe11\" \/><\/p>\n<p>\u4e0a\u8ff0\u65b9\u6cd5\u4f30\u7b97\u7684\u662f\u94fe\u4e0a\u4ea4\u6613\u76c8\u4e8f\uff0c\u4f46\u5982\u679c HumidiFi \u5728 CEX \u4e0a\u5bf9\u51b2\u5e93\u5b58\uff0c\u4e14\u8d44\u91d1\u8d39\u7387\u3001\u624b\u7eed\u8d39\u548c\u5bf9\u51b2\u76c8\u4e8f\u53d1\u751f\u5728\u94fe\u4e0b\uff0c\u5219\u53ef\u80fd\u4e0e\u771f\u5b9e\u51c0\u6536\u5165\u5b58\u5728\u5dee\u5f02\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827792400245.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe12\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe12\" \/><\/p>\n<p>\u53e6\u4e00\u4e2a\u91cd\u8981\u8b66\u793a\u662f\uff0c\u4e0a\u8ff0\u4f30\u7b97\u53cd\u6620\u7684\u662f\u6bdb\u6536\u5165\u3002\u5728\u51cf\u53bb\u6bcf\u5929 9,000 \u81f3 10,000 \u7f8e\u5143\u7684\u9884\u8a00\u673a\u66f4\u65b0\u8d39\u7528\u540e\uff0cHumidiFi \u7684\u9690\u542b\u51c0\u6536\u5165\u7ea6\u4e3a\u6bcf\u5929 1.4 \u4e07\u81f3 1.5 \u4e07\u7f8e\u5143\u3002\u518d\u6b21\u5f3a\u8c03\uff0c\u8fd9\u53ea\u662f\u57fa\u4e8e\u73b0\u6709\u94fe\u4e0a\u6570\u636e\u7684\u4f30\u7b97\u3002\u66f4\u51c6\u786e\u7684\u6536\u5165\u4f30\u7b97\u9700\u8981\u7eb3\u5165\u4efb\u4f55\u94fe\u4e0b\u5bf9\u51b2\u6d3b\u52a8\uff0c\u5982\u524d\u6240\u8ff0\u3002<\/p>\n<h3>\u6807\u8bb0\u4ef7\u5dee\u5206\u6790\uff1a\u4e3b\u52a8\u6d41\u52a8\u6027 vs. \u88ab\u52a8\u6d41\u52a8\u6027<\/h3>\n<p>\u6807\u8bb0\u4ef7\u5dee\u662f\u8861\u91cf\u6267\u884c\u8d28\u91cf\u548c\u505a\u5e02\u5546\u9006\u5411\u9009\u62e9\u7684\u6307\u6807\uff0c\u5bf9\u4e8e\u91c7\u7528\u76f8\u540c\u7b56\u7565\uff08\u63d0\u4f9b delta \u4e2d\u6027\u8ba2\u5355\u7c3f\u9876\u7aef\u6d41\u52a8\u6027\uff09\u7ade\u4e89\u7684\u4e3b\u52a8\u505a\u5e02 AMM \u800c\u8a00\uff0c\u662f\u4e00\u4e2a\u6709\u7528\u7684\u8bc4\u4f30\u5de5\u5177\u3002<\/p>\n<p>\u5728\u6b64\u5206\u6790\u4e2d\uff0c\u6211\u4eec\u7684\u6570\u636e\u56e2\u961f\u4ec5\u5173\u6ce8\u5728 HumidiFi\u3001SolFi \u548c Tessera \u4e0a\u4ea4\u6613\u7684 SOL-USDC \u4ea4\u6613\u5bf9\u3002\u4f7f\u7528\u6267\u884c\u540e 30 \u79d2\u7684\u65f6\u95f4\u95f4\u9694\uff0c\u5c06\u94fe\u4e0a\u6210\u4ea4\u4ef7\u683c\u4e0e\u5e01\u5b89 SOL-USDC \u4e2d\u95f4\u4ef7\u8fdb\u884c\u6bd4\u5bf9\u3002<\/p>\n<p>\u76c8\u4e8f\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a`((\u5e01\u5b89\u672a\u6765\u4e2d\u95f4\u4ef7 \u2013 \u6267\u884c\u4ef7\u683c) \/ \u6267\u884c\u4ef7\u683c) * \u505a\u5e02\u5546\u65b9\u5411 * \u4ea4\u6613\u91cf\u7f8e\u5143`\u3002<\/p>\n<p>\u6b64\u5904\uff0c\u505a\u5e02\u5546\u65b9\u5411\u4ece\u505a\u5e02\u5546\u89d2\u5ea6\u5b9a\u4e49\uff1a\u5f53\u4e3b\u52a8\u505a\u5e02 AMM \u4e70\u5165 SOL \u65f6\uff08\u5403\u5355\u8005\u5411\u5176\u5356\u51fa SOL\uff09\u4e3a+1\uff0c\u5f53\u4e3b\u52a8\u505a\u5e02 AMM \u5356\u51fa SOL \u65f6\uff08\u5403\u5355\u8005\u4ece\u5176\u4e70\u5165 SOL\uff09\u4e3a-1\u3002\u6b64\u5916\uff0c\u5e94\u6ce8\u610f\u4f7f\u7528\u5e01\u5b89\u4e2d\u95f4\u4ef7\u4f5c\u4e3a\u53c2\u8003\u53ef\u80fd\u4f1a\u5f15\u5165\u8de8\u573a\u6240\u57fa\u5dee\u548c\u4e0e\u94fe\u4e0a\u6267\u884c\u7684\u65f6\u95f4\u9519\u914d\uff0c\u56e0\u6b64\u6807\u8bb0\u4ef7\u5dee\u5e94\u8fdb\u884c\u65b9\u5411\u6027\u89e3\u8bfb\uff0c\u800c\u975e\u4f5c\u4e3a\u5df2\u5b9e\u73b0\u76c8\u4e8f\u7684\u7cbe\u786e\u5206\u89e3\u3002<\/p>\n<p>\u5206\u6790\u65f6\u95f4\u6bb5\u4e3a 2025 \u5e74 10 \u6708 1 \u65e5\u81f3 11 \u6708 22 \u65e5\u3002<\/p>\n<p>\u7d2f\u8ba1\u6b63\u76c8\u4e8f\u8868\u660e\u505a\u5e02\u5546\u6267\u884c\u7684\u662f\u8f6f\u6027\/\u975e\u6bd2\u6027\u6d41\u91cf\uff0c\u4e14\u4ea4\u6613\u540e 30 \u79d2\u5185\u4ef7\u683c\u671d\u7740\u6709\u5229\u4e8e\u505a\u5e02\u5546\u7684\u65b9\u5411\u79fb\u52a8\u3002\u76f8\u53cd\uff0c\u7d2f\u8ba1\u8d1f\u76c8\u4e8f\u5219\u8868\u660e\u5b58\u5728\u9006\u5411\u9009\u62e9\uff0c\u5373\u4ea4\u6613\u540e\u4ef7\u683c\u671d\u7740\u4e0d\u5229\u4e8e\u4e3b\u52a8\u505a\u5e02 AMM \u7684\u65b9\u5411\u79fb\u52a8\u3002<\/p>\n<p>\u4e0b\u56fe\u663e\u793a\uff0c\u5728\u6b64\u671f\u95f4\uff0c\u4e3b\u52a8\u505a\u5e02 AMM \u7684 30 \u79d2\u76c8\u4e8f\u4e3a\u6b63\uff0c\u8fd9\u8868\u660e\u8fd9\u4e9b\u4e3b\u52a8\u505a\u5e02 AMM \u6210\u529f\u907f\u5f00\u4e86\u6bd2\u6027\u6d41\u91cf\uff0c\u5e76\u4ece\u826f\u6027\u7528\u6237\u90a3\u91cc\u6355\u83b7\u4e86\u4ef7\u5dee\u3002\u6211\u4eec\u8fd8\u7eb3\u5165\u4e86 Solana \u4e0a\u88ab\u52a8 AMM \u7684\u6c47\u603b\u6570\u636e\uff0c\u8868\u660e\u4e3b\u52a8\u505a\u5e02 AMM \u7684\u6807\u8bb0\u4ef7\u5dee\u8868\u73b0\u663e\u8457\u4f18\u4e8e\u5176\u524d\u8f88\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827792571328.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe13\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe13\" \/><\/p>\n<h3>SOL-\u7f8e\u5143\u88ab\u52a8\u6d41\u52a8\u6027\uff1a\u4e00\u573a\u5fc5\u8f93\u7684\u6e38\u620f<\/h3>\n<p>\u6211\u4eec\u7684\u6807\u8bb0\u4ef7\u5dee\u5206\u6790\u8868\u660e\uff0c\u4e3b\u52a8\u6d41\u52a8\u6027\u7ba1\u7406\u53ef\u4ee5\u4fdd\u62a4\u8d44\u91d1\u514d\u53d7\u90a3\u4e9b\u8bd5\u56fe\u4ece\u9519\u8bef\u5b9a\u4ef7\u8d44\u4ea7\u4e2d\u83b7\u5229\u7684\u6bd2\u6027\u5403\u5355\u8005\u7684\u4fb5\u5bb3\u3002<\/p>\n<p>\u968f\u4e4b\u800c\u6765\u7684\u7ed3\u8bba\u662f\uff0c\u4f20\u7edf\u88ab\u52a8 AMM \u4e0a SOL-\u7f8e\u5143\u4ea4\u6613\u91cf\u7684\u5927\u90e8\u5206\u5e76\u975e\u300c\u6709\u673a\u300d\u7528\u6237\u6d41\u91cf\uff0c\u800c\u662f\u9488\u5bf9\u8fc7\u65f6\u62a5\u4ef7\u7684\u5957\u5229\u3002\u88ab\u52a8 AMM \u7684\u66f2\u7ebf\u5c06\u59cb\u7ec8\u6ede\u540e\u4e8e\u4e3b\u52a8\u505a\u5e02 AMM \u4e2d\u5feb\u901f\u53d8\u52a8\u7684\u53c2\u8003\u4ef7\u683c\u3002\u8fd9\u79cd\u6ede\u540e\u4e3a\u5957\u5229\u673a\u5668\u4eba\u521b\u9020\u4e86\u4e00\u79cd\u673a\u68b0\u6027\u673a\u4f1a\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u51fa\u73b0\u9519\u8bef\u5b9a\u4ef7\u65f6\u4ecb\u5165\u5e76\u4e0e\u88ab\u52a8\u8d44\u91d1\u6c60\u4ea4\u6613\u3002<\/p>\n<p>\u89c2\u5bdf\u4f20\u7edf AMM \u7684\u4ea4\u6613\u91cf\u6784\u6210\uff0cOrca \u4ecd\u6709\u8d85\u8fc7 50% \u7684\u4ea4\u6613\u91cf\u6765\u81ea SOL-\u7a33\u5b9a\u5e01\u4ea4\u6613\u5bf9\u3002\u4e0e\u6b64\u540c\u65f6\uff0cMeteora \u548c Raydium\uff08\u8fd9\u4e24\u4e2a\u573a\u6240\u7684\u6d3b\u52a8\u66fe\u4e25\u91cd\u504f\u5411\u8ff7\u56e0\u5e01\uff09\u8fd1\u51e0\u4e2a\u6708\u7684 SOL-\u7a33\u5b9a\u5e01\u4ea4\u6613\u91cf\u6709\u6240\u4e0a\u5347\uff0c\u8fd9\u4e0e\u524d\u6587\u63d0\u5230\u7684\u5faa\u73af\u5957\u5229\u4efd\u989d\u589e\u957f\u8d8b\u52bf\u4e00\u81f4\u3002<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8f83\u65b0\u7684 AMM \u5982 Pump \u7684 PumpSwap \u6216 MetaDAO \u7684 Futarchy AMM\uff0c\u5e76\u672a\u4e3a SOL-\u7a33\u5b9a\u5e01\u7b49\u9ad8\u6d41\u52a8\u6027\u4ea4\u6613\u5bf9\u8bbe\u7f6e\u4efb\u4f55\u6d3b\u8dc3\u8d44\u91d1\u6c60\u3002<\/p>\n<p>\u5728\u66f4\u7ec6\u7c92\u5ea6\u5c42\u9762\uff0c\u4e0b\u56fe\u6240\u793a\u7684\u8ba2\u5355\u6d41\u56fe\u8868\u663e\u793a\uff0c<strong>Orca \u7684 SOL-\u7a33\u5b9a\u5e01\u4ea4\u6613\u91cf\u4e2d\u81f3\u5c11\u6709 85% \u53ef\u5f52\u56e0\u4e8e\u300cMEV \u673a\u5668\u4eba\u300d\u6d3b\u52a8\u3002<\/strong>\u4e0d\u8fc7\uff0c\u5927\u90e8\u5206\u6d41\u91cf\u4f3c\u4e4e\u6765\u81ea Wintermute \u7684\u516c\u5171\u505a\u5e02\u673a\u5668\u4eba\uff0c\u800c\u975e\u7eaf\u7cb9\u9488\u5bf9\u8fc7\u65f6\u62a5\u4ef7\u7684\u6295\u673a\u6027\u5957\u5229\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827792740421.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe14\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe14\" \/><\/p>\n<p>\u5728\u7f3a\u4e4f\u6fc0\u52b1\u4e14\u5047\u8bbe\u53c2\u4e0e\u8005\u7406\u6027\u5bfb\u6c42\u5229\u6da6\u7684\u60c5\u51b5\u4e0b\uff0c\u672a\u6765\u51e0\u4e2a\u6708\uff0c\u4f20\u7edf AMM \u4e0a\u7528\u4e8e\u9ad8\u6d41\u52a8\u6027\u4ea4\u6613\u5bf9\uff08SOL-\u7a33\u5b9a\u5e01\u3001\u7a33\u5b9a\u5e01\u95f4\u3001BTC-\u7a33\u5b9a\u5e01\u7b49\uff09\u7684 LP \u8d44\u672c\u81ea\u7136\u4f1a\u6536\u7f29\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827792911892.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe15\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe15\" \/><\/p>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0c\u4f20\u7edf AMM \u5728\u77ed\u5c3e\u8d44\u4ea7\u4e2d\u4ecd\u53ef\u626e\u6f14\u91cd\u8981\u89d2\u8272\u3002\u7279\u522b\u662f\uff0c\u5b83\u4eec\u5145\u5f53\u4e86\u5373\u4f7f\u5728\u538b\u529b\u65f6\u671f\u4e3b\u52a8\u505a\u5e02 AMM \u6d41\u52a8\u6027\u64a4\u51fa\u65f6\u4e5f\u80fd\u59cb\u7ec8\u53ef\u7528\u7684\u540e\u5907\u6d41\u52a8\u6027\u3002<\/p>\n<h3>\u72ec\u7acb DEX \u7684\u7ec8\u7ed3<\/h3>\n<p>\u5c3d\u7ba1\u8fd9\u662f\u4e00\u4efd\u5173\u4e8e DEX \u7684\u62a5\u544a\uff0c\u4f46\u6211\u4eec\u60f3\u8981\u4f20\u8fbe\u7684\u6838\u5fc3\u89c2\u70b9\u4e4b\u4e00\u662f\uff0c<strong>\u9664\u4e86\u4e3b\u52a8\u505a\u5e02 AMM\uff0c\u72ec\u7acb\u7684 DEX \u6a21\u5f0f\u5df2\u7ecf\u6d88\u4ea1\u3002<\/strong>\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u8005\u5386\u6765\u503e\u5411\u4e8e\u5b64\u7acb\u5730\u5206\u6790\u534f\u8bae\uff0c\u90e8\u5206\u539f\u56e0\u662f\u5386\u53f2\u4e0a\u4ee5\u592a\u574a\u4ea7\u751f\u4e86\u660e\u786e\u7684\u7c7b\u522b\u8d62\u5bb6\uff1a\u501f\u8d37\u9886\u57df\u7684 Aave\u3001DEX \u9886\u57df\u7684 Uniswap\u3001LST \u9886\u57df\u7684 Lido \u7b49\u7b49\u3002<\/p>\n<p>\u5f88\u81ea\u7136\u5730\u5c06\u540c\u6837\u7684\u601d\u7ef4\u6a21\u5f0f\u5e94\u7528\u4e8e Solana\uff0c\u4f46\u8fd9\u884c\u4e0d\u901a\u3002\u9996\u5148\uff0cSolana \u7684\u7ade\u4e89\u6fc0\u70c8\u7a0b\u5ea6\u8fdc\u8d85\u4ee5\u592a\u574a\uff0c\u5f88\u5c11\u770b\u5230\u6709\u534f\u8bae\u80fd\u5728\u5176\u5782\u76f4\u9886\u57df\u957f\u671f\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002\u5176\u6b21\uff0c\u6b63\u5982\u6211\u4eec\u5728\u6574\u4e2a\u62a5\u544a\u4e2d\u6240\u793a\uff0cSolana \u7684\u5e02\u573a\u7ed3\u6784\u5df2\u5c06\u4f20\u7edf\u7684\u88ab\u52a8 AMM \u63a8\u5411\u957f\u5c3e\u8d44\u4ea7\uff0c\u5728\u90a3\u91cc\u5b83\u4eec\u53ef\u7528\u4e8e\u652f\u6301\u9996\u65e5\u6d41\u52a8\u6027\u5e76\u5b9e\u73b0\u94fe\u4e0a\u4ef7\u683c\u53d1\u73b0\u3002<\/p>\n<p>\u95ee\u9898\u5728\u4e8e\uff0cDEX \u6ca1\u6709\u62a4\u57ce\u6cb3\uff0c\u6216\u8005\u81f3\u5c11\u4ec5\u9760\u81ea\u8eab\u6ca1\u6709\u3002AMM \u6d41\u52a8\u6027\u65e5\u76ca\u5546\u54c1\u5316\uff0c\u542f\u52a8\u4e00\u4e2a\u5177\u6709\u6052\u5b9a\u6216\u96c6\u4e2d\u6d41\u52a8\u6027\u8d44\u91d1\u6c60\u7684\u65b0 AMM \u662f\u5fae\u4e0d\u8db3\u9053\u7684\u3002\u8981\u4f5c\u4e3a\u4f20\u7edf DEX \u8d62\u5f97\u8ba2\u5355\u6d41\uff0c\u4f60\u5fc5\u987b\u6700\u63a5\u8fd1\u7ec8\u7aef\u7528\u6237\uff0c\u8fd9\u610f\u5473\u7740\u4f60\u5fc5\u987b\u638c\u63a7\u53d1\u884c\u6e20\u9053\uff0c\u4ece\u800c\u6210\u4e3a\u4ee3\u5e01\u53d1\u884c\u5c42\u3002<\/p>\n<p>\u9075\u5faa\u8fd9\u4e00\u903b\u8f91\uff0c\u6211\u4eec\u5c06\u4e0d\u518d\u628a\u300c\u8d62\u5bb6\u73b0\u8d27 DEX\u300d\u89c6\u4e3a DEX\uff0c\u800c\u662f\u89c6\u4e3a\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\u3002\u8fd9\u79cd\u6a21\u5f0f\u53ef\u4ee5\u91c7\u53d6\u4e24\u79cd\u5f62\u5f0f\uff1a<\/p>\n<p>1. \u7528\u4e8e\u8ff7\u56e0\u5e01\u7684\u9ad8\u6d41\u901f\u542f\u52a8\u677f\uff08\u4f8b\u5982 Pump\uff09\u3002<\/p>\n<p>2. \u4e3a\u66f4\u5408\u6cd5\u9879\u76ee\u5b9e\u73b0\u94fe\u4e0a\u8d44\u672c\u5f62\u6210\u7684 ICO \u5e73\u53f0\uff08\u4f8b\u5982 MetaDAO\u3001Jupiter \u7684 DTF\uff09\u3002<\/p>\n<h3>\u542f\u52a8\u677f<\/h3>\n<p>\u6211\u4eec\u8fc7\u53bb\u66fe\u5e7f\u6cdb\u62a5\u9053\u8fc7\u542f\u52a8\u677f\uff0c\u5f3a\u8c03\u901a\u8fc7\u4ee5\u4ea7\u6d88\u8005\u4e3a\u4e2d\u5fc3\u3001\u79fb\u52a8\u4f18\u5148\u7684\u524d\u7aef\u6765\u638c\u63a7\u7528\u6237\u5173\u7cfb\u7684\u91cd\u8981\u6027\u3002\u7136\u800c\uff0c\u6211\u4eec\u672a\u660e\u786e\u63d0\u51fa\u7684\u4e00\u4e2a\u89c2\u70b9\u662f\uff0c\u542f\u52a8\u677f\u7684\u6fc0\u589e\u5bf9\u88ab\u52a8 AMM \u7684\u98a0\u8986\u7a0b\u5ea6\u51e0\u4e4e\u4e0e\u4e3b\u52a8\u505a\u5e02 AMM \u4e00\u6837\u5927\uff0c\u4f46\u901a\u8fc7\u4e0d\u540c\u7684\u9014\u5f84\u3002<\/p>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u5df2\u593a\u53d6\u4e86\u77ed\u5c3e\u8d44\u4ea7\u7684\u5e02\u573a\u4efd\u989d\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u542f\u52a8\u677f\u5df2\u6210\u4e3a\u957f\u5c3e\u8d44\u4ea7\u7684\u4ee3\u5e01\u53d1\u884c\u5c42\uff0c\u638c\u63a7\u4e86\u8fd9\u4e9b\u8d44\u4ea7\u7684\u53d1\u884c\u548c\u8ba2\u5355\u6d41\u3002\u8fd9\u79cd\u98a0\u8986\u7684\u8bc1\u636e\u662f\uff0cSolana \u4e0a\u4e09\u5927\u88ab\u52a8 AMM\uff08Raydium\u3001Orca\u3001Meteora\uff09\u5728\u8fc7\u53bb\u4e00\u5e74\u4e2d\u90fd\u63a8\u51fa\u4e86\u4e0e\u542f\u52a8\u677f\u76f8\u5173\u7684\u4ea7\u54c1\u3002<\/p>\n<p><strong>Raydium\uff1a<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793102964.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe16\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe16\" \/><\/p>\n<p>\u5728 Pump \u63a8\u51fa PumpSwap AMM \u5e76\u5207\u65ad Raydium \u7684\u6bd5\u4e1a\u4ee3\u5e01\u6d41\u540e\uff0cRaydium \u4ee5 LaunchLab \u4f5c\u4e3a\u56de\u5e94\uff0c\u8fd9\u662f\u4e00\u4e2a\u4e3a\u96c6\u6210\u5546\u8f7b\u677e\u521b\u5efa\u81ea\u6709\u542f\u52a8\u677f\u7684\u8d34\u724c\u89e3\u51b3\u65b9\u6848\u3002Raydium \u5bf9\u4f7f\u7528 LaunchLab \u6784\u5efa\u7684\u4efb\u4f55\u7b2c\u4e09\u65b9\u542f\u52a8\u677f\u7684\u4ea4\u6613\u91cf\u6536\u53d6 25 \u4e2a\u57fa\u70b9\u7684\u7a0b\u5e8f\u8d39\u7528\uff0c\u6bd5\u4e1a\u4ee3\u5e01\u88ab\u91cd\u65b0\u5f15\u5bfc\u81f3 Raydium \u7684 AMM\u3002<\/p>\n<p>Raydium \u6700\u8457\u540d\u7684\u5ba2\u6237\u662f Bonk\u3002\u5c3d\u7ba1 LaunchLab \u5728 2025 \u5e74 7 \u6708\u901a\u8fc7 Bonkfun \u77ed\u6682\u593a\u56de\u4e86\u4e00\u4e9b\u4efd\u989d\uff0c\u4f46 Pump \u4ecd\u4fdd\u6301\u7740\u4e3b\u5bfc\u5730\u4f4d\uff0c\u6301\u7eed\u5360\u636e&gt;90% \u7684\u5e02\u573a\u4efd\u989d\u3002LaunchLab \u6700\u8fd1\u51e0\u5929\u91cd\u65b0\u83b7\u5f97\u4e86\u4e00\u4e9b\u4efd\u989d\uff0c\u4f46\u5728\u7f3a\u4e4f\u660e\u786e\u7684\u7ed3\u6784\u6027\u50ac\u5316\u5242\u7684\u60c5\u51b5\u4e0b\uff0c\u5386\u53f2\u6a21\u5f0f\u8868\u660e\u8fd9\u4e9b\u589e\u957f\u66f4\u53ef\u80fd\u662f\u96f6\u661f\u7684\u800c\u975e\u6301\u4e45\u7684\u3002<\/p>\n<p><strong>Orca\uff1a<\/strong><\/p>\n<p>Orca \u5386\u6765\u96be\u4ee5\u5728\u8ff7\u56e0\u5e01\u4ea4\u6613\u91cf\u4e2d\u5360\u636e\u91cd\u8981\u4efd\u989d\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793159255.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe17\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe17\" \/><\/p>\n<p>\u81ea 2023 \u5e74\u4ee5\u6765\uff0c\u5176\u6bcf\u6708\u4ea4\u6613\u91cf\u4e2d\u8d85\u8fc7 50% \u6765\u81ea SOL-\u7f8e\u5143\u4ea4\u6613\u5bf9\uff0c\u5176\u4f59\u90e8\u5206\u65e5\u76ca\u5206\u6563\u5728\u9879\u76ee\u4ee3\u5e01\u3001\u7a33\u5b9a\u5e01\u4e92\u6362\u3001BTC-\u7f8e\u5143\u548c\u590d\u5408\u4ee3\u5e01\u4e4b\u95f4\u3002\u8fd9\u79cd\u5b9a\u4f4d\u4f7f Orca \u4e00\u5e74\u591a\u6765\u5904\u5883\u8270\u96be\uff1a\u968f\u7740 Pump \u9a71\u52a8\u7684\u8ff7\u56e0\u5e01\u53d1\u884c\u5728 2024 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u52a0\u901f\uff0c\u5b83\u8ba9\u4f4d\u7ed9\u4e86 Raydium\uff1b\u800c\u968f\u7740\u4e3b\u52a8\u505a\u5e02 AMM \u63a5\u7ba1\u6240\u6709\u77ed\u5c3e\u6d41\u52a8\u6027\uff0c\u8be5\u534f\u8bae\u7684\u4e3b\u8981\u770b\u6da8\u7406\u7531\u5728 SOL-\u7f8e\u5143\u53ca\u5176\u4ed6\u9ad8\u6d41\u52a8\u6027\u4ea4\u6613\u5bf9\u7684\u4e3b\u5bfc\u5730\u4f4d\uff09\u4e5f\u53d7\u5230\u4e86\u7834\u574f\u30022025 \u5e74 7 \u6708\uff0cOrca \u63a8\u51fa\u4e86 Wavebreak \u542f\u52a8\u677f\uff0c\u4ee5\u300c\u4e13\u6709\u53cd\u673a\u5668\u4eba\u6280\u672f\u300d\u4e3a\u8425\u9500\u70b9\uff0cDeFiTuna \u7684 TUNA \u4f5c\u4e3a\u9996\u6b21\u53d1\u884c\u3002\u7136\u800c\uff0c\u9664\u4e86\u53d1\u5e03\u540e\u7684\u521d\u6b65\u5173\u6ce8\u5916\uff0cWavebreak \u81ea 2025 \u5e74 8 \u6708\u4e0b\u65ec\u4ee5\u6765\u51e0\u4e4e\u6ca1\u6709\u6d3b\u52a8\u3002<\/p>\n<p><strong>Meteora\uff1a<\/strong><\/p>\n<p>Meteora \u4e0e Jupiter \u56e2\u961f\u7d27\u5bc6\u5408\u4f5c\u8fd0\u8425\uff0cJupiter \u5df2\u6210\u4e3a\u5927\u591a\u6570\u96f6\u552e\u7528\u6237\u8fdb\u884c\u94fe\u4e0a\u4ea4\u6613\u7684\u5165\u53e3\u3002\u4e3a\u4e86\u6269\u5c55\u5176\u4ea7\u54c1\u8303\u56f4\uff0cMeteora \u4e8e 2024 \u5e74 8 \u6708\u4e0e Moonshot \u5408\u4f5c\u5f15\u5165\u4e86\u542f\u52a8\u677f\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793237725.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe18\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe18\" \/><\/p>\n<p>2025 \u5e74 4 \u6708\uff0cMeteora \u63a8\u51fa\u4e86\u52a8\u6001\u7ed1\u5b9a\u66f2\u7ebf\uff0c\u8be5\u534f\u8bae\u4ece\u542f\u52a8\u677f\u6d3b\u52a8\u4e2d\u6355\u83b7 20% \u7684\u4ea4\u6613\u8d39\u3002\u6b64\u540e\uff0c\u56e2\u961f\u5f15\u5165\u4e86\u65b0\u7684\u5408\u4f5c\u4f19\u4f34\uff0c\u5305\u62ec Believe\u3001BAGS \u548c Jup Studio\u3002\u5c3d\u7ba1\u5982\u6b64\uff0cMeteora \u7684\u542f\u52a8\u677f\u6d3b\u52a8\u4f3c\u4e4e\u4e5f\u9075\u5faa\u4e0e LaunchLab \u548c Wavebreak \u76f8\u540c\u7684\u6a21\u5f0f\u3002\u5c3d\u7ba1\u5728 2025 \u5e74\u7b2c\u4e8c\u548c\u7b2c\u4e09\u5b63\u5ea6\u901a\u8fc7\u4ee3\u5e01\u53d1\u884c\u6709\u6240\u56de\u5347\uff0c\u4f46\u81ea 9 \u6708\u4ee5\u6765\uff0c\u4f7f\u7528\u91cf\u6025\u5267\u4e0b\u964d\u3002<\/p>\n<p><strong>Pump\uff1a<\/strong><\/p>\n<p>\u5982\u4e0a\u6240\u8ff0\uff0cPump \u4ecd\u7136\u662f\u5360\u4e3b\u5bfc\u5730\u4f4d\u7684\u542f\u52a8\u677f\uff0c\u4f18\u52bf\u5de8\u5927\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793414923.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe19\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe19\" \/><\/p>\n<p>\u6211\u4eec\u5df2\u5728\u5148\u524d\u7684\u7814\u7a76\u4e2d\u8be6\u7ec6\u8ba8\u8bba\u8fc7\u8fd9\u4e00\u70b9\uff0c\u56e0\u6b64\u8fd9\u91cc\u5c06\u4e13\u6ce8\u4e8e\u6700\u6709\u8da3\u7684\u65b9\u9762\u3002Pump \u53ef\u4ee5\u8bf4\u662f\u5782\u76f4\u6574\u5408 DEX \u7406\u8bba\u7684\u9996\u4e2a\u4f53\u73b0\uff0c\u5b83\u662f\u81ea\u4e0a\u800c\u4e0b\u4ece\u53d1\u884c\u5f00\u59cb\u6784\u5efa\u7684\uff0c\u800c\u975e\u76f8\u53cd\u3002\u5728\u901a\u8fc7\u5176\u542f\u52a8\u677f\u786e\u4fdd\u53d1\u884c\u6e20\u9053\u548c\u8ba2\u5355\u6d41\u4e4b\u540e\uff0cPump \u5f15\u5165\u4e86\u5176\u88ab\u52a8 AMM \u4ee5\u6355\u83b7\u4e0b\u6e38\u4ea4\u6613\u6d3b\u52a8\u3002\u8fd9\u79cd\u6574\u5408\u663e\u8457\u5730\u4f7f Pump \u7684\u6536\u5165\u6765\u6e90\u591a\u6837\u5316\uff0c\u4e0d\u518d\u4ec5\u4ec5\u4f9d\u8d56\u7ed1\u5b9a\u66f2\u7ebf\u673a\u5236\u3002\u4e0b\u56fe\u663e\u793a\uff0cPump \u73b0\u5728\u5bf9\u6574\u4e2a\u4ee3\u5e01\u751f\u547d\u5468\u671f\u7684\u6d3b\u52a8\u8fdb\u884c\u8d27\u5e01\u5316\uff0cAMM \u624b\u7eed\u8d39\u73b0\u5df2\u8d21\u732e\u5176\u603b\u6536\u5165\u7684 20% \u4ee5\u4e0a\u3002<\/p>\n<h3>ICO \u5e73\u53f0<\/h3>\n<p>\u8fc7\u53bb\u4e00\u5e74\uff0c\u4f4e\u6d41\u901a\u91cf\u4ee3\u5e01\u5728\u6d41\u52a8\u6027\u5e02\u573a\u53d7\u5230\u60e9\u7f5a\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u76d1\u7ba1\u73af\u5883\uff0c\u5171\u540c\u63a8\u52a8\u4e86 ICO \u7684\u590d\u5174\u3002\u4e0e\u7531\u4ee3\u5e01\u53d1\u884c\u9ad8\u901f\u6d41\u8f6c\u9a71\u52a8\u7684\u8ff7\u56e0\u5e01\u542f\u52a8\u677f\u4e0d\u540c\uff0c\u7ecf\u8fc7\u7b5b\u9009\u7684 ICO \u5e73\u53f0\u867d\u7136\u4e5f\u5e0c\u671b\u6709\u6301\u7eed\u7684\u53d1\u884c\u91cf\uff0c\u4f46\u66f4\u6ce8\u91cd\u521b\u59cb\u4eba\u7d20\u8d28\u3001\u4fe1\u8a89\u4ee5\u53ca\u521b\u59cb\u4eba\u548c\u6295\u8d44\u8005\u7684\u957f\u671f\u7559\u5b58\u3002<\/p>\n<p><strong>MetaDAO\uff1a<\/strong><\/p>\n<p>\u6211\u4eec\u7ee7\u7eed\u575a\u6301\u5bf9 MetaDAO \u7684\u8bba\u70b9\uff0c\u8ba4\u4e3a\u5176\u662f\u8d62\u5f97\u8fd9\u4e2a\u5e02\u573a\u7684\u6700\u4f73\u5b9a\u4f4d\u534f\u8bae\u3002\u6b63\u5982\u6211\u4eec\u5728 9 \u6708\u7684\u62a5\u544a\u4e2d\u6240\u603b\u7ed3\uff1a\u300cMetaDAO \u662f\u4ece\u7b2c\u4e00\u6027\u539f\u7406\u6784\u5efa\u7684\uff0c\u4e0e\u5e02\u573a\u4e0a\u7684\u5176\u4ed6\u89e3\u51b3\u65b9\u6848\u6709\u663e\u8457\u4e0d\u540c\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cMetaDAO \u65e8\u5728\u89e3\u51b3\u5f53\u4eca\u884c\u4e1a\u6700\u91cd\u8981\u7684\u95ee\u9898\u4e4b\u4e00\uff1a\u53ef\u6267\u884c\u7684\u4ee3\u5e01\u6301\u6709\u4eba\u6743\u5229\u3002\u300d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793594664.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe20\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe20\" \/><\/p>\n<p>\u4e0e\u542f\u52a8\u677f\u4e0d\u540c\uff0cMetaDAO \u6ca1\u6709\u7ed1\u5b9a\u66f2\u7ebf\u3002\u76f8\u53cd\uff0c\u5b83\u901a\u8fc7\u5176 Futarchy AMM \u4e0a\u7684\u4e92\u6362\u8d39\u53ca\u5176\u5728 Meteora \u4e0a\u7684 LP \u5934\u5bf8\u6765\u5b9e\u73b0 ICO \u7684\u8d27\u5e01\u5316\u3002Futarchy AMM \u5bf9\u4ea4\u6613\u91cf\u6536\u53d6 0.5% \u7684\u8d39\u7528\uff0c\u6700\u521d\u5728 MetaDAO \u548c\u52df\u8d44\u9879\u76ee\u4e4b\u95f4\u5e73\u5747\u5206\u914d\uff08\u4f8b\u5982\uff0c0.25% \u7ed9 MetaDAO\uff0c0.25% \u7ed9 Avici\uff09\u300212 \u6708 28 \u65e5\uff0c\u7ecf\u4e0e\u56e2\u961f\u5171\u540c\u534f\u8bae\uff0c\u5206\u6210\u6bd4\u4f8b\u88ab\u8ffd\u6eaf\u8c03\u6574\uff0c\u4f7f\u5f97\u5168\u90e8\u7684 0.5% \u73b0\u5728\u90fd\u5f52\u5c5e\u4e8e MetaDAO\u3002<\/p>\n<p>\u81ea Futarchy AMM \u4e8e 10 \u6708 10 \u65e5\u4e0a\u7ebf\u4ee5\u6765\uff0cMetaDAO \u5df2\u4ea7\u751f 240 \u4e07\u7f8e\u5143\u6536\u5165\uff0c\u5176\u4e2d\u7ea6 60% \u6765\u81ea Futarchy AMM\uff0c40% \u6765\u81ea\u5176 Meteora LP \u5934\u5bf8\u3002MetaDAO \u6216\u8bb8\u662f\u6211\u4eec\u300c\u72ec\u7acb AMM \u6d88\u4ea1\u8bba\u300d\u6700\u6e05\u6670\u7684\u4f53\u73b0\u3002\u6ca1\u6709\u4eba\u5c06 MetaDAO \u89c6\u4e3a\u4e00\u4e2a AMM\u3002\u5c3d\u7ba1\u5982\u6b64\uff0cFutarchy AMM \u4f5c\u4e3a\u8be5\u534f\u8bae\u7684\u4e3b\u8981\u76c8\u5229\u5c42\u8fd0\u4f5c\uff0c\u800c\u8fd9\u5f97\u76ca\u4e8e MetaDAO \u5bf9\u4ee3\u5e01\u53d1\u884c\u5c42\u53ca\u5176\u968f\u4e4b\u800c\u6765\u7684\u53d1\u884c\u6e20\u9053\u7684\u63a7\u5236\u3002<\/p>\n<p><strong>Jupiter \u548c Meteora\uff1a<\/strong><\/p>\n<p>12 \u6708 3 \u65e5\uff0cJupiter \u63a8\u51fa\u4e86\u5176\u53bb\u4e2d\u5fc3\u5316\u4ee3\u5e01\u5f62\u6210\u5e73\u53f0\uff0c\u9996\u671f\u9879\u76ee\u4e3a HumidiFi \u7684 WET\u3002\u901a\u8fc7 DTF \u53d1\u884c\u7684\u9879\u76ee\u5fc5\u987b\u7ecf\u8fc7 Jupiter \u56e2\u961f\u7684\u5ba1\u67e5\u548c\u7b5b\u9009\u6d41\u7a0b\uff0c\u8fd9\u51f8\u663e\u4e86\u9ad8\u6d41\u901f\u542f\u52a8\u677f\u4e0e\u7ecf\u8fc7\u7b5b\u9009\u7684 ICO \u5e73\u53f0\u5728\u65b9\u6cd5\u4e0a\u7684\u5dee\u5f02\u3002<\/p>\n<p>WET \u7684\u9500\u552e\u4ee5\u5148\u5230\u5148\u5f97\u7684\u65b9\u5f0f\u5206\u591a\u4e2a\u9636\u6bb5\u8fdb\u884c\uff0c\u524d\u4e24\u4e2a\u9636\u6bb5\u7684\u5b9a\u4ef7\u4e3a 5000 \u4e07\u7f8e\u5143\u5b8c\u5168\u7a00\u91ca\u4f30\u503c\uff0c\u516c\u5f00\u53d1\u552e\u4e3a 6900 \u4e07\u7f8e\u5143\u5b8c\u5168\u7a00\u91ca\u4f30\u503c\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cJupiter \u8868\u793a\u672a\u6765\u7684\u53d1\u884c\u53ef\u80fd\u4f1a\u5c1d\u8bd5\u5176\u4ed6\u9500\u552e\u673a\u5236\u3002\u9500\u552e\u7ed3\u675f\u540e\uff0c\u4efb\u4f55\u5269\u4f59\u7684\u5206\u914d\u4efd\u989d\u5c06\u4f7f\u7528 Jup Lock \u900f\u660e\u9501\u5b9a\uff0c\u5e76\u4e14\u7acb\u5373\u4ece\u90e8\u5206\u9500\u552e\u6536\u76ca\u4e2d\u5728 Meteora \u4e0a\u5efa\u7acb\u6d41\u52a8\u6027\u6c60\uff0c\u4ee5\u786e\u4fdd\u4ee3\u5e01\u7684\u6d41\u52a8\u6027\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827793767408.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe21\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe21\" \/><\/p>\n<p>\u5c3d\u7ba1 Meteora \u5728\u542f\u52a8\u677f\u65b9\u9762\u7684\u52aa\u529b\u672a\u89c1\u6210\u6548\uff0c\u4f46\u6211\u4eec\u8ba4\u4e3a\u7531\u4e8e\u5b83\u4e0e Jupiter \u7684\u5173\u7cfb\uff0c\u5176\u5b9a\u4f4d\u6bd4 Raydium \u548c Orca \u66f4\u597d\uff0c\u62e5\u6709\u66f4\u4f18\u7684\u53d1\u884c\u6e20\u9053\u548c\u4e1a\u52a1\u53d1\u5c55\u80fd\u529b\u3002\u4f8b\u5982\uff0cMeteora \u88ab\u9009\u4e3a TRUMP \u6216 WLFI \u7b49\u9ad8\u5173\u6ce8\u5ea6\u4ee3\u5e01\u53d1\u884c\u7684\u9996\u9009\u573a\u6240\uff0c\u5c3d\u7ba1\u8fd9\u7c7b\u4ee3\u5e01\u4ea7\u751f\u7684\u4ea4\u6613\u91cf\u548c\u6536\u5165\u5177\u6709\u9ad8\u5ea6\u7684\u5468\u671f\u6027\u3002<\/p>\n<h3>\u4f30\u503c\u6846\u67b6<\/h3>\n<p>\u867d\u7136\u5f88\u5bb9\u6613\u6839\u636e\u5386\u53f2\u5e02\u9500\u7387\u5bf9 Solana DEX \u4ee3\u5e01\u8fdb\u884c\u4f30\u503c\uff0c\u4f46\u5b64\u7acb\u5730\u8fdb\u884c\u8fd9\u79cd\u6bd4\u8f83\u7684\u5b9e\u9645\u4ef7\u503c\u6709\u9650\u3002\u7b80\u5355\u5730\u5c06\u67d0\u4e2a\u8d44\u4ea7\u6807\u8bb0\u4e3a\u540c\u7c7b\u4e2d\u300c\u6700\u4fbf\u5b9c\u300d\u7684\uff0c\u5ffd\u7565\u4e86 Solana \u73b0\u8d27\u4ea4\u6613\u683c\u5c40\u4ecd\u5728\u5feb\u901f\u6f14\u53d8\u7684\u4e8b\u5b9e\uff0c\u524d\u77bb\u6027\u589e\u957f\u5c06\u7531\u4ea4\u6613\u91cf\u5728\u4f55\u5904\u5de9\u56fa\u51b3\u5b9a\uff0c\u800c\u975e\u5386\u53f2\u4e0a\u5728\u4f55\u5904\u7d2f\u79ef\u3002\u56e0\u6b64\uff0c\u7406\u89e3\u5e02\u573a\u7ed3\u6784\u7684\u65b9\u5411\u662f\u4efb\u4f55\u6709\u610f\u4e49\u7684\u4f30\u503c\u5206\u6790\u7684\u524d\u63d0\u3002\u6b64\u5916\uff0c\u5e76\u975e\u6240\u6709\u4ee3\u5e01\u90fd\u662f\u5e73\u7b49\u7684\uff0c\u6709\u4e9b\u4ee3\u5e01\u6bd4\u5176\u4ed6\u4ee3\u5e01\u5177\u6709\u66f4\u5f3a\u7684\u4ee3\u5e01\u6301\u6709\u4eba\u4fdd\u969c\u3002<\/p>\n<p>\u5bf9\u4e8e\u5e0c\u671b\u4ece Solana \u73b0\u8d27\u4ea4\u6613\u683c\u5c40\u4e2d\u6355\u83b7\u4e0a\u884c\u6f5c\u529b\u7684\u6295\u8d44\u8005\uff0c\u6211\u4eec\u770b\u5230\u4e24\u6761\u4e3b\u8981\u8def\u5f84\uff1a<\/p>\n<p><strong>1. \u4e3b\u52a8\u505a\u5e02 AMM\uff0c\u5b83\u4eec\u5e94\u7ee7\u7eed\u5de9\u56fa\u5728\u77ed\u5c3e\u8d44\u4ea7\u4e2d\u7684\u4efd\u989d\u3002<\/strong>\u5c3d\u7ba1\u76ee\u524d SOL-\u7f8e\u5143\u4ea4\u6613\u5bf9\u63a8\u52a8\u4e86\u5927\u90e8\u5206\u4ea4\u6613\u91cf\uff0c\u4f46\u6211\u4eec\u9884\u8ba1\u4e3b\u52a8\u505a\u5e02 AMM \u4e5f\u5c06\u4e3b\u5bfc\u672a\u6765\u51e0\u4e2a\u6708\u5bf9 Solana \u53d8\u5f97\u91cd\u8981\u7684\u5176\u4ed6\u7c7b\u522b\uff0c\u4f8b\u5982\u4ee3\u5e01\u5316\u80a1\u7968\u3002<\/p>\n<p><strong>2. \u62e5\u6709\u5782\u76f4\u6574\u5408 AMM \u7684\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\uff0c\u5176\u4e2d AMM \u4e3b\u8981\u4f5c\u4e3a\u53d1\u884c\u7684\u76c8\u5229\u5c42\u3002<\/strong>\u6839\u636e\u6295\u8d44\u8005\u671f\u671b\u7684\u98ce\u9669\u655e\u53e3\uff0c\u8fd9\u4e00\u62bc\u6ce8\u53ef\u4ee5\u901a\u8fc7\u9ad8\u6d41\u901f\u542f\u52a8\u677f\uff08\u5982 Pump\uff09\u6216\u5b9e\u73b0\u94fe\u4e0a\u8d44\u672c\u5f62\u6210\u7684 ICO \u5e73\u53f0\uff08\u5982 MetaDAO\uff09\u6765\u8868\u8fbe\u3002\u9274\u4e8e\u5f53\u524d\u5e02\u573a\u73af\u5883\uff0c\u6211\u4eec\u5bf9\u5408\u6cd5\u9879\u76ee\u7684 ICO \u5e73\u53f0\u7684\u589e\u957f\u524d\u666f\u66f4\u4e3a\u4e50\u89c2\u3002<\/p>\n<p>\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u6211\u4eec\u8d8a\u6765\u8d8a\u96be\u4e3a\u4e0d\u5c5e\u4e8e\u4e0a\u8ff0\u4efb\u4e00\u7c7b\u578b\u7684 DEX\uff08\u6700\u660e\u663e\u7684\u4f8b\u5b50\u662f Raydium \u548c Orca\uff09\u8bc1\u660e\u957f\u671f\u770b\u6da8\u89c2\u70b9\u7684\u5408\u7406\u6027\u3002<\/p>\n<h3>\u5e02\u9500\u7387<\/h3>\n<p>\u4e0b\u56fe\u663e\u793a\u4e86\u672c\u62a5\u544a\u8ba8\u8bba\u7684\u4ee3\u5e01\u7684\u6d41\u901a\u5e02\u503c\u5e02\u9500\u7387\u500d\u6570\u3002\u7b2c\u4e00\u4e2a\u503c\u5f97\u6ce8\u610f\u7684\u7ed3\u8bba\u662f\uff0cRAY \u548c ORCA \u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u53d8\u5f97\u66f4\u8d35\uff08\u6536\u5165\u4e0b\u964d\u901f\u5ea6\u5feb\u4e8e\u4f30\u503c\uff09\uff0c\u5bfc\u81f4\u5b83\u4eec\u76ee\u524d\u7684 P\/S \u6bd4\u7387\u5206\u522b\u4e3a 10 \u500d\u548c 14 \u500d\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0cPUMP \u548c MET \u7684\u4ea4\u6613\u4ef7\u683c\u5206\u522b\u7ea6\u4e3a 4 \u500d\u548c 6 \u500d P\/S\uff0c\u5c3d\u7ba1\u5b83\u4eec\u4ece\u53d1\u884c\u548c\u589e\u957f\u524d\u666f\u6765\u770b\u5b9a\u4f4d\u66f4\u4f18\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827794010537.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe22\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe22\" \/><\/p>\n<p>\u5728\u4f30\u7b97 WET \u7684\u5e02\u9500\u7387\uff08P\/S\uff09\u65f6\uff0c\u6211\u4eec\u901a\u8fc7\u5bf9\u4ea4\u6613\u91cf\u5e94\u7528 0.5 \u4e2a\u57fa\u70b9\uff080.005%\uff09\u7684\u62bd\u6210\u7387\u6765\u63a8\u7b97 HumidiFi \u7684\u6536\u5165\u3002\u5c3d\u7ba1\u8fd9\u4e00\u5047\u8bbe\u5728\u540c\u7c7b\u5bf9\u6bd4\u4e2d\u5177\u6709\u65b9\u5411\u53c2\u8003\u4ef7\u503c\uff0c\u4f46\u7531\u4e8e HumidiFi \u7684\u5b9e\u9645\u4ef7\u5dee\u53ef\u80fd\u968f\u5e02\u573a\u6761\u4ef6\u663e\u8457\u6ce2\u52a8\uff0c\u8be5\u4f30\u7b97\u5e76\u4e0d\u5b8c\u5168\u7cbe\u786e\u3002\u5728\u6b64\u6846\u67b6\u4e0b\uff0cHumidiFi \u7684\u5e02\u9500\u7387\u5927\u7ea6\u5728 2 \u500d\u5de6\u53f3\u3002<\/p>\n<p>\u800c META \u5219\u4ee5\u7ea6 36 \u500d\u7684\u5e02\u9500\u7387\u6210\u4e3a\u540c\u7c7b\u4e2d\u6700\u300c\u6602\u8d35\u300d\u7684\u4ee3\u5e01\u2014\u2014\u8fd9\u4e5f\u6070\u6070\u5370\u8bc1\u4e86\u6211\u4eec\u4e0d\u5e94\u4ec5\u51ed\u5386\u53f2\u500d\u6570\u5c31\u505a\u51fa\u51b3\u65ad\u7684\u89c2\u70b9\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u9274\u4e8e META \u5bf9\u4ee3\u5e01\u6301\u6709\u4eba\u6743\u5229\u6709\u660e\u786e\u4fdd\u969c\uff0c\u4e14\u5177\u5907\u524d\u77bb\u6027\u589e\u957f\u524d\u666f\uff0c\u5176\u76f8\u5bf9\u4e8e\u975e\u6240\u6709\u6743\u7c7b\u4ee3\u5e01\u4eab\u6709\u6ea2\u4ef7\u662f\u5408\u7406\u7684\u3002\u6211\u4eec\u6b64\u524d\u5df2\u9488\u5bf9 META \u53d1\u5e03\u8fc7\u4e00\u5957\u524d\u77bb\u6027\u4f30\u503c\u6a21\u578b\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0cMETA \u5f53\u524d\u7ea6 36 \u500d\u7684\u5e02\u9500\u7387\u8fdc\u9ad8\u4e8e\u5176\u5386\u53f2\u5e73\u5747\u6c34\u5e73\uff08\u7ea6 15 \u500d\uff09\uff0c\u8fd9\u8868\u660e\u5e02\u573a\u6b63\u5728\u63d0\u524d\u6d88\u5316\u4e00\u7cfb\u5217\u8fd1\u671f\u50ac\u5316\u5242\u3002\u8fc7\u53bb\u4e00\u5468 META \u4e0a\u6da8\u7ea6 40%\uff0c\u63a8\u52a8\u4f30\u503c\u500d\u6570\u6269\u5f20\uff0c\u800c\u8fc7\u53bb\u4e00\u4e2a\u6708\u7531\u4e8e ICO \u6d3b\u52a8\u6682\u65f6\u653e\u7f13\uff0c\u5176\u8fd1\u671f\u6536\u5165\u5b9e\u5219\u6709\u6240\u56de\u843d\u3002\u5c55\u671b\u672a\u6765\uff0c\u4ee5\u4e0b\u51e0\u9879\u8fdb\u5c55\u6709\u671b\u63a8\u52a8\u5176\u6536\u5165\u56de\u5347\uff1a<\/p>\n<p>&#8211; Futarchy AMM \u7684\u8d39\u7528\u5206\u6210\u6bd4\u4f8b\u5df2\u4ece 0.25% \u63d0\u5347\u81f3 0.50%\uff1b<\/p>\n<p>&#8211; \u6839\u636e Omnibus \u63d0\u6848\uff0c\u7ea6 90% \u7684 META \u6d41\u52a8\u6027\u6b63\u4ece Meteora DAMM v1 \u8fc1\u79fb\u81f3 Futarchy AMM\uff1b<\/p>\n<p>&#8211; \u5373\u5c06\u63a8\u51fa\u7684 Ranger ICO\uff08\u8ba1\u5212\u4e8e 2026 \u5e74 1 \u6708 6 \u65e5\u542f\u52a8\uff09\u3002<\/p>\n<p>\u8fd9\u4e9b\u50ac\u5316\u5242\uff0c\u8fde\u540c\u5373\u5c06\u5f00\u653e\u7684\u65e0\u8bb8\u53ef\u53d1\u884c\u53ca STAMP \u7b49\u673a\u5236\uff0c\u6709\u671b\u5728\u672a\u6765\u51e0\u4e2a\u6708\u968f\u7740\u6536\u5165\u91cd\u56de\u589e\u957f\u8f68\u9053\uff0c\u5e2e\u52a9\u5176\u5e02\u9500\u7387\u9010\u6b65\u56de\u843d\u81f3\u66f4\u7a33\u5b9a\u7684\u533a\u95f4\u3002<\/p>\n<h3>\u5b8c\u5168\u7a00\u91ca\u4f30\u503c\uff08FDV\uff09\u4e0e\u6536\u5165\u6bd4\u7387<\/h3>\n<p>\u5728\u5b8c\u5168\u7a00\u91ca P\/S \u57fa\u7840\u4e0a\uff0cMETA \u548c RAY \u662f\u540c\u7c7b\u4e2d\u6700\u8d35\u7684\u3002\u5c31 Raydium \u800c\u8a00\uff0c\u9274\u4e8e\u5176\u66f4\u5177\u6311\u6218\u6027\u7684\u672a\u6765\u4ea4\u6613\u91cf\u8f68\u8ff9\u4ee5\u53ca\u5bf9\u53d1\u884c\u5c42\u7f3a\u4e4f\u6301\u4e45\u63a7\u5236\u529b\uff0c\u6211\u4eec\u96be\u4ee5\u8bc1\u660e\u5176\u6ea2\u4ef7\u7684\u5408\u7406\u6027\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0cMET\u3001WET \u548c PUMP \u7684\u500d\u6570\u5728\u540c\u7c7b\u4e2d\u6700\u4f4e\uff0c\u5206\u522b\u4e3a 12 \u500d\u30019 \u500d\u548c 7 \u500d\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827794191960.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe23\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe23\" \/><\/p>\n<h3>\u6d41\u52a8\u6027\u4ee3\u5e01\u7684\u9006\u5411\u9009\u62e9<\/h3>\n<p>\u603b\u4f53\u800c\u8a00\uff0c\u6211\u4eec\u89c2\u5bdf\u5230\u7684\u4e2d\u4f4d\u6570 P\/S \u4e3a 8 \u500d\uff0c\u5b8c\u5168\u7a00\u91ca\u4f30\u503c\/\u6536\u5165\u4e3a 15 \u500d\u3002\u867d\u7136\u8fd9\u4e9b\u500d\u6570\u8868\u9762\u770b\u6765\u53ef\u80fd\u8f83\u4f4e\uff0c\u4f46\u6298\u4ef7\u7684\u4e3b\u8981\u539f\u56e0\u5728\u4e8e\u56f4\u7ed5\u4ee3\u5e01\u6301\u6709\u4eba\u6743\u5229\u548c\u4f9b\u5e94\u52a8\u6001\u7684\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n<p>\u6295\u8d44\u8005\u5e0c\u671b\u6295\u8d44\u4e8e\u57fa\u672c\u9762\u826f\u597d\u7684\u4e1a\u52a1\uff0c\u4f46\u4e5f\u5e0c\u671b\u786e\u4fe1\u6301\u6709\u4ee3\u5e01\u80fd\u63d0\u4f9b\u5bf9\u8be5\u4e1a\u52a1\u7684\u6240\u6709\u6743\u3002\u5177\u4f53\u6765\u8bf4\uff0c\u4ed6\u4eec\u5e0c\u671b\u4fdd\u8bc1\u56e2\u961f\u4f1a\u4e3a\u9879\u76ee\u548c\u4ee3\u5e01\u6301\u6709\u4eba\u7684\u6700\u4f73\u5229\u76ca\u884c\u4e8b\uff0c\u5e76\u4e14\u4ee3\u5e01\u5bf9\u5269\u4f59\u73b0\u91d1\u6d41\u3001\u8d44\u4ea7\u548c\u5408\u6cd5\u8ffd\u7d22\u6743\u62e5\u6709\u53ef\u4fe1\u7684\u7d22\u53d6\u6743\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827794353426.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe24\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe24\" \/><\/p>\n<p>\u6211\u4eec\u8ba4\u4e3a\uff0cMETA \u76f8\u5bf9\u4e8e\u540c\u7c7b\u4eab\u6709\u6ea2\u4ef7\uff0c\u56e0\u4e3a\u5b83\u662f\u5c11\u6570\u540c\u65f6\u6ee1\u8db3\u8fd9\u4e24\u4e2a\u6807\u51c6\u7684\u8d44\u4ea7\u4e4b\u4e00\uff1a\u57fa\u672c\u9762\u826f\u597d\u7684\u4e1a\u52a1\u548c\u5177\u6709\u53ef\u4fe1\u4ef7\u503c\u7d2f\u79ef\u7684\u53ef\u6295\u8d44\u4ee3\u5e01\u3002\u7136\u800c\uff0c\u6211\u4eec\u9884\u8ba1\u968f\u7740\u672a\u6765\u51e0\u5468\u6536\u5165\u91cd\u65b0\u52a0\u901f\u589e\u957f\uff0c\u5f53\u524d~36 \u500d\u7684 P\/S \u5c06\u5411~20 \u500d\u6536\u655b\u3002\u5426\u5219\uff0c\u8fd1\u671f\u7684\u4ef7\u683c\u4e0a\u6da8\u5c06\u66f4\u96be\u4ec5\u51ed\u57fa\u672c\u9762\u8bc1\u660e\u5176\u5408\u7406\u6027\u3002<\/p>\n<p>RAY \u4e5f\u662f\u4e00\u4e2a\u53ef\u6295\u8d44\u4ee3\u5e01\u3002Raydium \u5728\u4ee3\u5e01\u900f\u660e\u5ea6\u6846\u67b6\u4e2d\u5f97\u5206\u4e3a 38\/40 \u5206\uff0c\u8868\u660e\u8be5\u9879\u76ee\u5df2\u5b8c\u5168\u62ab\u9732\u5176\u6536\u5165\u6765\u6e90\u3001\u80a1\u6743\u4e0e\u4ee3\u5e01\u6301\u6709\u4eba\u6743\u5229\u3001\u987e\u95ee\u670d\u52a1\u63d0\u4f9b\u5546\u548c\u6838\u5fc3\u56e2\u961f\u6210\u5458\u3002\u5b83\u8fd8\u5177\u6709\u9ad8\u6d41\u901a\u91cf\uff0c\u5e76\u4e14\u56e2\u961f\u4f7f\u7528 12% \u7684\u4e92\u6362\u8d39\u4ee5\u7a0b\u5e8f\u5316\u65b9\u5f0f\u56de\u8d2d RAY\u3002<\/p>\n<p>Raydium \u7684\u95ee\u9898\u5728\u4e8e\uff0c\u5176\u76f8\u5bf9\u4e8e\u540c\u7c7b\u7684\u9ad8\u500d\u6570\u4e0e\u5176\u589e\u957f\u524d\u666f\u5b58\u5728\u6839\u672c\u6027\u80cc\u79bb\u3002\u6536\u5165\u4e0b\u964d\u901f\u5ea6\u8d85\u8fc7\u5176\u4f30\u503c\u4e0b\u964d\u901f\u5ea6\uff0c\u5e76\u4e14\u5728\u7f3a\u4e4f\u660e\u786e\u7ed3\u6784\u6027\u50ac\u5316\u5242\u7684\u60c5\u51b5\u4e0b\uff0c\u5f88\u96be\u8bf4\u660e\u8fd9\u4e00\u8d8b\u52bf\u4f1a\u9006\u8f6c\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cOrca \u9762\u4e34\u7740\u4e0e Raydium \u7c7b\u4f3c\u7684\u7ed3\u6784\u6027\u95ee\u9898\uff1b\u867d\u7136\u4f60\u53ef\u4ee5\u4e3a ORCA \u4f5c\u4e3a\u53ef\u6295\u8d44\u4ee3\u5e01\u8fa9\u62a4\uff0c\u4f46\u5176\u589e\u957f\u524d\u666f\u540c\u6837\u53d7\u9650\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827794427136.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe25\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe25\" \/><\/p>\n<p>\u4e00\u4e2a\u6709\u8da3\u7684\u89c2\u5bdf\u662f\uff0c\u9664\u4e86\u6240\u6709\u6743\u4ee3\u5e01\uff0c\u56e2\u961f\u5411\u5e02\u573a\u4f20\u8fbe\u4ed6\u4eec\u5173\u5fc3\u4ee3\u5e01\u7684\u552f\u4e00\u53ef\u4fe1\u4fe1\u53f7\u4e00\u76f4\u662f\u56de\u8d2d\uff08RAY\u3001PUMP\u3001ORCA\u3001MET\uff09\u2014\u2014\u5c3d\u7ba1\u8fd9\u4e0d\u662f\u6700\u4f18\u7684\u8d44\u672c\u4f7f\u7528\u65b9\u5f0f\u3002Pump \u5df2\u82b1\u8d39\u7ea6 2.3 \u4ebf\u7f8e\u5143\u56de\u8d2d\u4e86\u7ea6 17% \u7684 PUMP \u6d41\u901a\u4f9b\u5e94\u91cf\uff0c\u7136\u800c\u8be5\u4ee3\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u4ecd\u7ea6\u4e3a 3 \u500d\u5386\u53f2 P\/S\u3002\u4e0e\u6b64\u540c\u65f6\uff0cMeteora \u5df2\u82b1\u8d39\u7ea6 1200 \u4e07\u7f8e\u5143\u56de\u8d2d\u4e86\u8fd1 3% \u7684 MET \u603b\u4f9b\u5e94\u91cf\uff0c\u8be5\u4ee3\u5e01\u7684\u4ea4\u6613 P\/S \u6bd4\u7387\u7565\u9ad8\uff0c\u4e3a 5 \u500d\u3002<\/p>\n<p>\u5373\u4f7f\u4f60\u4e3a Pump \u548c Meteora \u4f5c\u4e3a\u4e1a\u52a1\u7684\u589e\u957f\u524d\u666f\u63d0\u51fa\u4e86\u4ee4\u4eba\u4fe1\u670d\u7684\u7406\u7531\uff0c\u8fd9\u4e24\u79cd\u4ee3\u5e01\u90fd\u9762\u4e34\u53ef\u80fd\u8bc1\u660e\u5176\u6298\u4ef7\u4ea4\u6613\u5408\u7406\u6027\u7684\u6311\u6218\u3002\u5173\u4e8e Pump\uff0c\u5bf9\u4e8e\u516c\u5f00\u5e02\u573a\u53c2\u4e0e\u8005\u6765\u8bf4\uff0c\u4ef7\u503c\u5982\u4f55\u5728\u4ee3\u5e01\u548c\u80a1\u6743\u4e4b\u95f4\u5206\u914d\uff0c\u4ee5\u53ca\u4ee3\u5e01\u6301\u6709\u4eba\u662f\u5426\u5bf9 Pump \u7684\u56fd\u5e93\u62e5\u6709\u6743\u5229\uff0c\u4ecd\u4e0d\u6e05\u695a\u3002\u5173\u4e8e Meteora\uff0c\u4f5c\u4e3a\u56e2\u961f\u548c\u751f\u6001\u7cfb\u7edf\u50a8\u5907\u5206\u914d\u7684\u4e00\u90e8\u5206\uff0c\u6bcf\u6708\u6709\u7ea6 720 \u4e07\u679a MET \u4ee3\u5e01\u89e3\u9501\uff0c\u8fd9\u53ef\u80fd\u8f6c\u5316\u4e3a\u629b\u538b\u3002\u4f8b\u5982\uff0c\u6309\u5f53\u524d 2.8 \u4ebf\u7f8e\u5143\u7684\u4f30\u503c\u8ba1\u7b97\uff0c\u8fd9\u4e9b\u89e3\u9501\u6bcf\u6708\u53ef\u80fd\u8f6c\u5316\u4e3a 200 \u4e07\u7f8e\u5143\u7684\u6f5c\u5728\u629b\u538b\u3002<\/p>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0c\u867d\u7136\u8fd9\u4e24\u79cd\u4ee3\u5e01\u9762\u4e34\u7684\u6311\u6218\u53ef\u80fd\u8bc1\u660e\u5176\u6298\u4ef7\u4ea4\u6613\u7684\u5408\u7406\u6027\uff0c\u4f46 RAY \u548c ORCA \u4ee5\u8d85\u8fc7 PUMP \u548c MET \u4e24\u500d\u4ee5\u4e0a\u7684\u500d\u6570\u4ea4\u6613\uff0c\u800c\u589e\u957f\u524d\u666f\u5374\u66f4\u4f4e\uff0c\u8fd9\u53ef\u80fd\u8868\u660e\u5e02\u573a\u5b58\u5728\u9519\u8bef\u5b9a\u4ef7\uff0c\u5e76\u4e3a\u76f8\u5bf9\u4ef7\u503c\u914d\u5bf9\u4ea4\u6613\u63d0\u4f9b\u4e86\u6709\u5438\u5f15\u529b\u7684\u673a\u4f1a\u3002<\/p>\n<p>\u6700\u540e\uff0cHumidiFi \u7684 WET \u4e5f\u9762\u4e34\u7c7b\u4f3c\u95ee\u9898\u3002HumidiFi \u662f Solana \u4e0a\u5360\u4e3b\u5bfc\u5730\u4f4d\u4e14\u589e\u957f\u6700\u5feb\u7684 DEX\uff0c\u7406\u8bba\u4e0a\uff0cWET \u662f\u83b7\u5f97\u4e3b\u52a8\u505a\u5e02 AMM \u655e\u53e3\u7684\u552f\u4e00\u6d41\u52a8\u6027\u9014\u5f84\u3002\u7136\u800c\uff0c\u6295\u8d44\u8005\u4e0d\u5f97\u4e0d\uff08\u5728\u67d0\u79cd\u7a0b\u5ea6\u4e0a\u76f2\u76ee\u5730\uff09\u76f8\u4fe1\u56e2\u961f\u4e0d\u4f1a\u629b\u5f03\u8be5\u4ee3\u5e01\u3002<\/p>\n<p>\u5c31\u4ee3\u5e01\u6548\u7528\u800c\u8a00\uff0c\u7528\u6237\u5c06\u80fd\u591f\u8d28\u62bc WET \u4ee5\u83b7\u5f97\u624b\u7eed\u8d39\u8fd4\u5229\uff0c\u56e2\u961f\u660e\u786e\u8868\u793a\u300cWET \u4e0d\u662f\u4e5f\u4e0d\u5e94\u88ab\u89c6\u4e3a\u6295\u8d44\u300d\u3002\u5982\u679c\u56e2\u961f\u957f\u671f\u4e0e\u4ee3\u5e01\u5229\u76ca\u4e00\u81f4\uff0c\u90a3\u4e48\u4f60\u53ef\u4ee5\u5f88\u5bb9\u6613\u5730\u8bba\u8bc1 WET \u76ee\u524d\u88ab\u4f4e\u4f30\u4e86\uff0c\u5c3d\u7ba1\u5176\u6d41\u901a\u91cf\u8f83\u4f4e\u3002\u7136\u800c\uff0c\u95ee\u9898\u5728\u4e8e\uff1a\u516c\u5f00\u5e02\u573a\u53c2\u4e0e\u8005\u65e0\u6cd5\u5224\u65ad WET \u662f\u8ff7\u56e0\u5e01\u8fd8\u662f\u5177\u6709\u53ef\u4fe1\u4ef7\u503c\u7d2f\u79ef\u7684\u53ef\u6295\u8d44\u4ee3\u5e01\u3002\u56e0\u6b64\uff0c\u5176\u4ea4\u6613\u4ef7\u683c\u4f4e\u4e8e\u539f\u672c\u53ef\u80fd\u7684\u6c34\u5e73\u3002<\/p>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0c\u8003\u8651\u5230 Temporal \u4f5c\u4e3a Solana \u751f\u6001\u7cfb\u7edf\u4e2d\u957f\u671f\u5efa\u8bbe\u8005\u7684\u8d28\u91cf\u548c\u8bb0\u5f55\uff0c\u6211\u4eec\u8ba4\u4e3a\u8be5\u56e2\u961f\u8ffd\u6c42\u4e0e WET \u4e00\u81f4\u7684\u589e\u957f\u548c\u4ef7\u503c\u7d2f\u79ef\u7684\u53ef\u80fd\u6027\u66f4\u9ad8\u3002\u8fd9\u6700\u7ec8\u662f\u4e00\u4e2a\u4e3b\u89c2\u5224\u65ad\uff0c\u5e94\u6301\u9002\u5f53\u8c28\u614e\u6001\u5ea6\u3002\u5373\u4fbf\u5982\u6b64\uff0c\u5728\u98ce\u9669\/\u56de\u62a5\u57fa\u7840\u4e0a\uff0c\u6211\u4eec\u8ba4\u4e3a\u5728 2026 \u5e74 6 \u6708\u89e3\u9501\u5f00\u59cb\u4e4b\u524d\uff0c\u81f3\u5c11\u5728\u77ed\u671f\u5185\uff0cWET \u6bd4 RAY\u3001ORCA\u3001PUMP \u548c MET \u5177\u6709\u66f4\u5927\u7684\u4e0a\u884c\u6f5c\u529b\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.aicoin.com\/attachment\/article\/20260113\/176827794507958.jpg\"  data-href=\"\" title=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe26\" alt=\"\u6df1\u5ea6\u62c6\u89e3Solana DEX\uff1a\u8c01\u5728\u74dc\u5206\u8ba2\u5355\u6d41\uff0c\u8c01\u88ab\u6dd8\u6c70\u51fa\u5c40\uff1f &#8211;\u63d2\u56fe26\" \/><\/p>\n<h3>\u98ce\u9669<\/h3>\n<p>\u6211\u4eec\u6301\u5efa\u8bbe\u6027\u770b\u6cd5\u7684\u6bcf\u4e2a\u9879\u76ee\u90fd\u6709\u4e00\u5957\u72ec\u7279\u7684\u98ce\u9669\uff0c\u6982\u8ff0\u5982\u4e0b\uff1a<\/p>\n<p><strong>&#8211; HumidiFi\uff1a<\/strong>\u5982\u524d\u6240\u8ff0\uff0c\u4e3b\u8981\u6295\u8d44\u98ce\u9669\u4ecd\u7136\u662f WET \u4ef7\u503c\u7d2f\u79ef\u7f3a\u4e4f\u660e\u786e\u6027\u3002\u9664\u4e86\u4ee3\u5e01\u8bbe\u8ba1\u4e4b\u5916\uff0cHumidiFi \u5728\u4e3b\u52a8\u505a\u5e02 AMM \u9886\u57df\u7684\u7ade\u4e89\u5730\u4f4d\u4e5f\u5b58\u5728\u98ce\u9669\u3002\u8fc4\u4eca\u4e3a\u6b62\uff0cHumidiFi \u53d7\u76ca\u4e8e Temporal \u6df1\u539a\u7684\u6280\u672f\u4e13\u957f\u548c\u5728\u57fa\u7840\u8bbe\u65bd\u5c42\u7684\u5782\u76f4\u6574\u5408\u3002\u7136\u800c\uff0c\u5f53\u4eca\u4e3b\u52a8\u505a\u5e02 AMM \u7684\u4e00\u4e2a\u51b3\u5b9a\u6027\u4f18\u52bf\u662f\u94fe\u4e0a\u53ef\u7ec4\u5408\u6027\uff1a\u7531\u4e8e\u62a5\u4ef7\u6ede\u540e\u7684\u573a\u6240\u548c\u4e3b\u52a8\u505a\u5e02 AMM \u90fd\u5728\u94fe\u4e0a\uff0c\u5957\u5229\u53ef\u4ee5\u5728\u5355\u7b14\u4ea4\u6613\u4e2d\u539f\u5b50\u5316\u6267\u884c\uff0c\u663e\u8457\u964d\u4f4e\u4e86\u6267\u884c\u98ce\u9669\u3002\u5728\u8fd9\u65b9\u9762\uff0cTitan \u6700\u8fd1\u5f15\u5165\u7684\u53ef\u7ec4\u5408 RFQ \u4ea7\u54c1\u53ef\u80fd\u4f1a\u7f29\u5c0f RFQ \u4e0e\u4e3b\u52a8\u505a\u5e02 AMM \u4e4b\u95f4\u7684\u5dee\u8ddd\uff0c\u4ece\u800c\u53ef\u80fd\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5bf9\u4e3b\u52a8\u505a\u5e02 AMM \u7684\u5e02\u573a\u4efd\u989d\u6784\u6210\u538b\u529b\u3002<\/p>\n<p><strong>&#8211; Pump\uff1a<\/strong>\u6487\u5f00\u524d\u9762\u8ba8\u8bba\u7684\u4ee3\u5e01\u95ee\u9898\u4e0d\u8c08\uff0cPump \u5728\u9ad8\u6d41\u901f\u542f\u52a8\u677f\u7c7b\u522b\u4e2d\u7684\u4e3b\u5bfc\u5730\u4f4d\u662f\u65e0\u53ef\u4e89\u8bae\u7684\u3002\u66f4\u76f8\u5173\u7684\u95ee\u9898\u662f\u5176\u6536\u5165\u7684\u6301\u4e45\u6027\uff0c\u4e00\u4e2a\u5e38\u89c1\u7684\u62c5\u5fe7\u662f\u8ff7\u56e0\u5e01\u53ef\u80fd\u5904\u4e8e\u957f\u671f\u8870\u9000\u4e2d\u3002\u94fe\u4e0a\u6570\u636e\u663e\u793a\uff0c\u5c3d\u7ba1\u5e02\u573a\u6574\u4f53\u75b2\u8f6f\uff0c\u4f46\u8fc7\u53bb\u51e0\u5929\u6536\u5165\u4fdd\u6301\u97e7\u6027\uff0c\u6bcf\u5929\u5f98\u5f8a\u5728\u7ea6 90 \u4e07\u7f8e\u5143\u9644\u8fd1\u3002\u7136\u800c\uff0c\u8fd9\u4e5f\u5f15\u53d1\u4e86\u5173\u4e8e\u6570\u636e\u8d28\u91cf\u548c\u53ef\u6301\u7eed\u6027\u7684\u8d28\u7591\u3002\u5f53\u524d\u7684\u7ed1\u5b9a\u66f2\u7ebf\u6d3b\u52a8\u4f3c\u4e4e\u4ecd\u7136\u5065\u5eb7\uff0c\u6bcf\u5929\u5927\u7ea6\u6709 100-200 \u4e07\u7b14\u4ea4\u6613\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u4eba\u4eec\u8d8a\u6765\u8d8a\u6000\u7591\u8fd9\u90e8\u5206\u9700\u6c42\u662f\u5426\u53ef\u80fd\u5f97\u5230\u5916\u90e8\u8865\u8d34\uff0c\u8fd9\u4e00\u8bf4\u6cd5\u867d\u7136\u4ecd\u662f\u63a8\u6d4b\u6027\u7684\uff0c\u4f46\u65e0\u7591\u589e\u52a0\u4e86\u56f4\u7ed5\u957f\u671f\u6536\u5165\u524d\u666f\u7684\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n<p><strong>&#8211; MetaDAO\uff1a<\/strong>\u867d\u7136\u6211\u4eec\u4ecd\u7136\u770b\u597d META\uff0c\u5e76\u8ba4\u4e3a MetaDAO \u662f\u6700\u5177\u5dee\u5f02\u5316\u7684 ICO \u5e73\u53f0\uff0c\u4f46\u6267\u884c\u98ce\u9669\u4f9d\u7136\u5b58\u5728\uff0c\u5c24\u5176\u662f\u5728\u53d1\u884c\u8282\u594f\u65b9\u9762\u3002\u5728\u6211\u4eec 9 \u6708\u4efd\u7684\u57fa\u672c\u5047\u8bbe\u4e2d\uff0c\u6211\u4eec\u9884\u8ba1\u6bcf\u6708\u5927\u7ea6\u6709 5 \u4e2a ICO\u3002\u622a\u81f3\u76ee\u524d\uff0c\u8ddd\u79bb\u4e0a\u4e00\u6b21\u53d1\u884c\u5df2\u8fc7\u53bb\u4e00\u4e2a\u591a\u6708\uff0cMetaDAO \u5728 2025 \u5e74 12 \u6708\u6ca1\u6709\u4efb\u4f55 ICO\u3002\u5c3d\u7ba1\u5982\u6b64\uff0cRanger ICO \u5e94\u80fd\u91cd\u65b0\u52a0\u901f\u6536\u5165\u589e\u957f\u3002MetaDAO \u5185\u90e8\u548c\u516c\u5f00\u8ba8\u8bba\u4e2d\u4e00\u76f4\u5728\u4e89\u8bba\u662f\u4fdd\u6301\u5b8c\u5168\u7b5b\u9009\u6a21\u5f0f\u8fd8\u662f\u5c1d\u8bd5\u65e0\u8bb8\u53ef\u53d1\u884c\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u5c3d\u7ba1\u540e\u8005\u5b58\u5728\u9879\u76ee\u8d28\u91cf\u8f83\u4f4e\u7684\u98ce\u9669\uff0c\u4f46\u8fd9\u662f\u589e\u52a0\u541e\u5410\u91cf\u548c\u9a8c\u8bc1\u5e73\u53f0\u53ef\u6269\u5c55\u6027\u7684\u5fc5\u8981\u5b9e\u9a8c\uff0c\u5e76\u4e14\u5f88\u53ef\u80fd\u662f\u56e2\u961f\u6700\u7ec8\u9009\u62e9\u7684\u65b9\u5411\u3002\u6211\u4eec\u8fd8\u8ba4\u4e3a\uff0cColosseum \u7684 STAMP \u5c06\u4e3a MetaDAO \u5e26\u6765\u6301\u7eed\u3001\u9ad8\u8d28\u91cf\u7684\u53d1\u884c\u91cf\uff0c\u4e0e\u65e0\u8bb8\u53ef\u53d1\u884c\u5f62\u6210\u4e92\u8865\u3002<\/p>\n<p><strong>&#8211; Meteora\uff1a<\/strong>\u867d\u7136 Meteora \u663e\u7136\u53d7\u76ca\u4e8e Jupiter \u7684\u53d1\u884c\u6e20\u9053\uff0c\u4f46\u4e00\u4e2a\u91cd\u8981\u7ec6\u5fae\u5dee\u522b\u5728\u4e8e\uff0c\u8fd9\u4e24\u4e2a\u534f\u8bae\u7ef4\u62a4\u7740\u72ec\u7acb\u7684\u4ee3\u5e01\u3002\u56e0\u6b64\uff0cJupiter \u524d\u7aef\u9a71\u52a8\u7684\u589e\u957f\u6700\u7ec8\u6709\u591a\u5c11\u5f52\u5c5e\u4e8e MET \u800c\u975e JUP\uff0c\u5e76\u4e0d\u660e\u663e\u3002\u5373\u4f7f\u56e2\u961f\u5229\u76ca\u9ad8\u5ea6\u4e00\u81f4\uff0c\u5982\u679c Meteora \u4ecd\u7136\u4e3b\u8981\u5b9a\u4f4d\u4e8e\u540e\u7aef\u6d41\u52a8\u6027\u57fa\u7840\u8bbe\u65bd\uff0c\u800c Jupiter \u6355\u83b7\u4e86\u5927\u90e8\u5206\u7528\u6237\u6d41\u91cf\u548c\u754c\u9762\u5c42\u9762\u7684\u4ef7\u503c\uff0c\u90a3\u4e48 MET \u8f83\u4f4e\u7684\u500d\u6570\u53ef\u80fd\u4e5f\u662f\u5408\u7406\u7684\u3002<\/p>\n<h3>\u6700\u7ec8\u7ed3\u8bba<\/h3>\n<p>\u672c\u62a5\u544a\u5df2\u68b3\u7406\u4e86 Solana \u73b0\u8d27\u4ea4\u6613\u7684\u5f53\u524d\u683c\u5c40\u3002\u6838\u5fc3\u7ed3\u8bba\u662f\uff0c\u6211\u4eec\u9884\u671f\u5e02\u573a\u5c06\u6301\u7eed\u5206\u5316\uff1a\u4e3b\u52a8\u505a\u5e02 AMM \u5c06\u7ee7\u7eed\u4e3b\u5bfc\u77ed\u5c3e\u9ad8\u6d41\u52a8\u6027\u5e02\u573a\uff0c\u800c\u88ab\u52a8 AMM \u5c06\u65e5\u76ca\u4e13\u6ce8\u4e8e\u957f\u5c3e\u8d44\u4ea7\u53ca\u65b0\u4ee3\u5e01\u53d1\u884c\u3002<\/p>\n<p>\u4e3b\u52a8\u505a\u5e02 AMM \u4e0e\u88ab\u52a8 AMM \u5747\u53ef\u4ece\u5782\u76f4\u6574\u5408\u4e2d\u83b7\u76ca\uff0c\u4f46\u65b9\u5411\u622a\u7136\u76f8\u53cd\u3002<\/p>\n<p>\u88ab\u52a8 AMM \u6b63\u901a\u8fc7\u4ee3\u5e01\u53d1\u884c\u5e73\u53f0\uff08\u5982 Pump-PumpSwap\u3001MetaDAO-Futarchy AMM\uff09\u5411\u7528\u6237\u7aef\u9760\u62e2\uff1b\u800c\u4e3b\u52a8\u505a\u5e02 AMM \u5219\u5411\u4f9b\u5e94\u94fe\u4e0a\u6e38\u5ef6\u4f38\uff0c\u805a\u7126\u4e8e\u4ea4\u6613\u843d\u5730\u670d\u52a1\uff08\u5982 HumidiFi-Nozomi\uff09\u3002\u8fd9\u4e00\u8d8b\u52bf\u4e0b\u7684\u8f93\u5bb6\uff0c\u5c06\u662f\u90a3\u4e9b\u5bf9\u7ec8\u7aef\u7528\u6237\u63a7\u5236\u529b\u6709\u9650\u3001\u4e14\u7f3a\u4e4f\u6301\u4e45\u53d1\u884c\u9a71\u52a8\u578b\u8ba2\u5355\u6d41\u7684\u4f20\u7edf AMM\u3002<\/p>\n<p>\u539f\u6587\u94fe\u63a5<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u539f\u6587\u6807\u9898\uff1aSolana DEX Winners: All About Order Flow \u539f\u6587\u4f5c\u8005\uff1aCarl [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3419,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/posts\/3418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3418"}],"version-history":[{"count":1,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/posts\/3418\/revisions"}],"predecessor-version":[{"id":8384,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/posts\/3418\/revisions\/8384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=\/wp\/v2\/media\/3419"}],"wp:attachment":[{"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zaixinjiang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}