{"id":11209,"date":"2026-05-06T15:07:23","date_gmt":"2026-05-06T07:07:23","guid":{"rendered":"https:\/\/kj17.com\/zh_cn\/2026\/05\/06\/%e6%b7%b1%e5%ba%a6%e8%a7%a3%e6%9e%90%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e4%ba%a4%e6%98%93%e6%89%80%ef%bc%9a2026%e5%b9%b4dex-revolution%e5%a6%82%e4%bd%95%e6%94%b9%e5%8f%98%e5%8a%a0%e5%af%86%e8%b4%a7\/"},"modified":"2026-05-06T15:07:23","modified_gmt":"2026-05-06T07:07:23","slug":"%e6%b7%b1%e5%ba%a6%e8%a7%a3%e6%9e%90%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e4%ba%a4%e6%98%93%e6%89%80%ef%bc%9a2026%e5%b9%b4dex-revolution%e5%a6%82%e4%bd%95%e6%94%b9%e5%8f%98%e5%8a%a0%e5%af%86%e8%b4%a7","status":"publish","type":"post","link":"https:\/\/kj17.com\/en\/2026\/05\/06\/%e6%b7%b1%e5%ba%a6%e8%a7%a3%e6%9e%90%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e4%ba%a4%e6%98%93%e6%89%80%ef%bc%9a2026%e5%b9%b4dex-revolution%e5%a6%82%e4%bd%95%e6%94%b9%e5%8f%98%e5%8a%a0%e5%af%86%e8%b4%a7\/","title":{"rendered":"\u6df1\u5ea6\u89e3\u6790\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff1a2026\u5e74DEX revolution\u5982\u4f55\u6539\u53d8\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u683c\u5c40"},"content":{"rendered":"<p><!-- FAQ JSON-LD Schema --><br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"\u4e3a\u4ec0\u4e48decentralized exchange\u5728\u4eca\u5e74\u7a81\u7136\u53d7\u5230\u5173\u6ce8\uff1f\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"decentralized exchange\u4e4b\u6240\u4ee5\u8131\u9896\u800c\u51fa\uff0c\u662f\u56e0\u4e3a\u5b83\u586b\u8865\u4e86\u5f53\u524d\u5e02\u573a\u5728\u81ea\u52a8\u5316\u6267\u884c\u548c\u8de8\u94fe\u4ea4\u4e92\u4e0a\u7684\u7a7a\u767d\u3002\u968f\u77402026\u5e74AI\u4e0e\u533a\u5757\u94fe\u878d\u5408\u7684\u52a0\u6df1\uff0cdecentralized exchange\u7684\u5e94\u7528\u6f5c\u529b\u88ab\u91cd\u65b0\u6316\u6398\u3002\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"\u65b0\u624b\u6295\u8d44decentralized exchange\u9700\u8981\u6ce8\u610f\u4ec0\u4e48\uff1f\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"\u9996\u5148\u8981\u5173\u6ce8decentralized exchange\u7684\u4ee3\u5e01\u7ecf\u6d4e\u5b66\uff08Tokenomics\uff09\uff0c\u4e86\u89e3\u5176\u901a\u80c0\u6a21\u578b\u548c\u89e3\u9501\u5468\u671f\u3002\u5176\u6b21\uff0c\u4e0d\u8981\u5728\u77ed\u671f\u66b4\u6da8\u65f6\u76f2\u76ee\u8ffd\u9ad8\uff0c\u5efa\u8bae\u91c7\u53d6\u5206\u6279\u5efa\u4ed3\u7684\u7b56\u7565\u6765\u5e73\u644a\u6210\u672c\u3002\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"decentralized exchange\u672a\u6765\u7684\u589e\u957f\u7a7a\u95f4\u6709\u591a\u5927\uff1f\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"\u6839\u636e2026\u5e74\u7684\u5e02\u573a\u6df1\u5ea6\u5206\u6790\uff0cdecentralized exchange\u5982\u679c\u80fd\u6309\u8ba1\u5212\u5b8c\u6210\u8def\u7ebf\u56fe\u4e2d\u7684\u91cd\u5927\u5347\u7ea7\uff0c\u5176\u5e02\u503c\u6709\u671b\u8fdb\u5165\u5782\u76f4\u9886\u57df\u7684\u524d\u5217\u3002\u4f46\u4e5f\u8981\u8b66\u60d5\u76d1\u7ba1\u653f\u7b56\u53d8\u5316\u5e26\u6765\u7684\u5e02\u573a\u56de\u8c03\u98ce\u9669\u3002\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n<p>= \u5f00\u5934\u6458\u8981 =<br \/>\n\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u6b63\u5728\u91cd\u5851\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u751f\u6001\uff0c\u65e0\u9700\u4e2d\u4ecb\u5373\u53ef\u5b9e\u73b0\u70b9\u5bf9\u70b9\u8d44\u4ea7\u4ea4\u6362\u3002\u672c\u6587\u6df1\u5165\u5256\u6790DEX\u7684\u6280\u672f\u539f\u7406\u3001\u4e3b\u6d41\u5e73\u53f0\u5bf9\u6bd4\u53ca\u672a\u6765\u8d8b\u52bf\uff0c\u52a9\u60a8\u5728AI\u4e0e\u53bb\u4e2d\u5fc3\u5316\u8ba1\u7b97\u6df1\u5ea6\u878d\u5408\u76842026\u5e74\u628a\u63e1\u5148\u673a\u3002<\/p>\n<p>= \u5b9a\u4e49 =<br \/>\n\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08Decentralized <a href=\"https:\/\/kj17.com\/en\/2026\/05\/06\/ultimate-guide-to-won-to-php-convert-korean-won-to-philippine-peso-with-best-exchange-rates-in-2026\/\" target=\"_blank\">Exchange<\/a>\uff0c\u7b80\u79f0DEX\uff09\u662f\u4e00\u79cd\u57fa\u4e8e\u533a\u5757\u94fe\u667a\u80fd\u5408\u7ea6\u6784\u5efa\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5e73\u53f0\uff0c\u5176\u6838\u5fc3\u7279\u70b9\u662f\u65e0\u9700\u4f20\u7edf\u91d1\u878d\u673a\u6784\u4f5c\u4e3a\u4e2d\u4ecb\uff0c\u7528\u6237\u53ef\u76f4\u63a5\u901a\u8fc7\u94b1\u5305\u8fdb\u884ctoken\u5151\u6362\u3002DEX\u91c7\u7528\u81ea\u52a8\u505a\u5e02\u5546\uff08AMM\uff09\u7b97\u6cd5\u6216\u8ba2\u5355\u7c3f\u673a\u5236\uff0c\u901a\u8fc7\u6d41\u52a8\u6027\u6c60\u5b9e\u73b0\u5373\u65f6\u4ea4\u6613\uff0c\u5f7b\u5e95\u6539\u53d8\u4e86\u4f20\u7edf\u91d1\u878d\u7684\u4e2d\u5fc3\u5316\u4ea4\u6613\u6a21\u5f0f\u3002<\/p>\n<p>= \u5217\u8868 =<br \/>\n\u2022 \u81ea\u52a8\u505a\u5e02\u5546\uff08AMM\uff09\uff1a\u57fa\u4e8e\u7b97\u6cd5\u5b9a\u4ef7\u7684\u6d41\u52a8\u6027\u673a\u5236<br \/>\n\u2022 \u6d41\u52a8\u6027\u6c60\uff1a\u7528\u6237\u5411\u6c60\u5b50\u6ce8\u5165\u8d44\u91d1\u83b7\u53d6\u4ea4\u6613\u624b\u7eed\u8d39\u5206\u6210<br \/>\n\u2022 \u667a\u80fd\u5408\u7ea6\uff1a\u81ea\u52a8\u6267\u884c\u4ea4\u6613\u903b\u8f91\uff0c\u786e\u4fdd\u900f\u660e\u5ea6<br \/>\n\u2022 \u975e\u6258\u7ba1\u94b1\u5305\u96c6\u6210\uff1aMetaMask\u3001WalletConnect\u7b49<br \/>\n\u2022 \u8de8\u94fe\u6865\u63a5\uff1a\u5b9e\u73b0\u4e0d\u540c\u533a\u5757\u94fe\u8d44\u4ea7\u4e92\u901a<br \/>\n\u2022 \u805a\u5408\u5668\uff1a\u6574\u5408\u591a\u4e2aDEX\u6d41\u52a8\u6027\u4f18\u5316\u4ea4\u6613\u8def\u5f84<\/p>\n<p>= \u6b65\u9aa4 =<br \/>\n**\u5982\u4f55\u5728DEX\u8fdb\u884c\u9996\u6b21\u4ea4\u6613\uff1a**<br \/>\n1. \u51c6\u5907\u517c\u5bb9\u7684\u94b1\u5305\uff08\u5982MetaMask\uff09\u5e76\u786e\u4fdd\u6709\u8db3\u591f\u7684\u57fa\u7840\u94fe\u4ee3\u5e01\uff08<a href=\"https:\/\/kj17.com\/en\/2026\/05\/06\/%e4%bb%a5%e5%a4%aa%e5%9d%8a%e4%bb%b7%e6%a0%bc%e6%9c%80%e6%96%b0%e5%8a%a8%e6%80%81%ef%bc%9a2026%e5%b9%b4%e5%b8%82%e5%9c%ba%e8%b6%8b%e5%8a%bf%e4%b8%8e%e6%8a%95%e8%b5%84%e6%9c%ba%e4%bc%9a%e6%b7%b1\/\" target=\"_blank\">ETH<\/a>\u3001BNB\u7b49\uff09\u4f5c\u4e3aGas\u8d39<br \/>\n2. \u8bbf\u95eeDEX\u5e73\u53f0\uff08\u5982Uniswap\u3001PancakeSwap\uff09<br \/>\n3. \u70b9\u51fb&#8221;Connect Wallet&#8221;\u5e76\u6388\u6743\u8fde\u63a5<br \/>\n4. \u9009\u62e9\u8981\u5151\u6362\u7684\u4ee3\u5e01\u5bf9\uff0c\u8f93\u5165\u6570\u91cf<br \/>\n5. \u786e\u8ba4\u6ed1\u70b9\u8bbe\u7f6e\uff08\u5efa\u8bae0.5%-1%\uff09<br \/>\n6. \u70b9\u51fb&#8221;Swap&#8221;\u786e\u8ba4\u4ea4\u6613<br \/>\n7. \u5728\u533a\u5757\u94fe\u6d4f\u89c8\u5668\u4e0a\u67e5\u770b\u4ea4\u6613\u72b6\u6001<\/p>\n<p>= \u5bf9\u6bd4 =<br \/>\n**\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240 vs \u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff1a**<\/p>\n<p>| \u7ef4\u5ea6 | DEX | CEX |<br \/>\n|&#8212;&#8212;|&#8212;&#8211;|&#8212;&#8211;|<br \/>\n| \u8d44\u4ea7\u63a7\u5236\u6743 | \u7528\u6237\u81ea\u6301\u79c1\u94a5 | \u4ea4\u6613\u6240\u6258\u7ba1 |<br \/>\n| KYC\u8981\u6c42 | \u65e0\u9700\u5b9e\u540d\u8ba4\u8bc1 | \u5fc5\u987b\u8eab\u4efd\u9a8c\u8bc1 |<br \/>\n| \u4ea4\u6613\u901f\u5ea6 | \u53d7\u533a\u5757\u94fe\u786e\u8ba4\u65f6\u95f4\u9650\u5236 | \u79d2\u7ea7\u6210\u4ea4 |<br \/>\n| \u6d41\u52a8\u6027 | \u53d6\u51b3\u4e8e\u6d41\u52a8\u6027\u6c60\u6df1\u5ea6 | \u96c6\u4e2d\u5f0f\u8ba2\u5355\u7c3f |<br \/>\n| \u5b89\u5168\u6027 | \u667a\u80fd\u5408\u7ea6\u98ce\u9669 | \u4ea4\u6613\u6240\u88ab\u76d7\u98ce\u9669 |<br \/>\n| \u8d44\u4ea7\u591a\u6837\u6027 | \u53d7\u94fe\u4e0a\u8d44\u4ea7\u9650\u5236 | \u66f4\u591a\u4e0a\u5e02\u4ee3\u5e01 |<\/p>\n<p>= \u6570\u636e =<br \/>\n\u2022 \u622a\u81f32026\u5e74Q1\uff0cDEX\u603b\u9501\u4ed3\u91cf\uff08TVL\uff09\u7a81\u7834850\u4ebf\u7f8e\u5143<br \/>\n\u2022 \u4ee5\u592a\u574a\u4e3b\u7f51AMM\u4ea4\u6613\u5cf0\u503c\u8fbe\u5230\u6bcf\u79d2120\u7b14\uff08TPS\uff09<br \/>\n\u2022 Uniswap V3\u65e5\u5747\u4ea4\u6613\u91cf\u7a33\u5b9a\u572815-20\u4ebf\u7f8e\u5143\u533a\u95f4<br \/>\n\u2022 BSC\u94fe\u4e0aPancakeSwap\u6708\u6d3b\u8dc3\u7528\u6237\u8d85\u8fc7300\u4e07<br \/>\n\u2022 \u4e3b\u6d41DEX\u5e73\u5747Gas\u8d39\u964d\u81f30.5-2\u7f8e\u5143\u533a\u95f4<br \/>\n\u2022 \u805a\u5408\u5668\u534f\u8bae\u5df2\u4f18\u5316\u81f3\u6bd4\u4ef7\u540e\u53ef\u8282\u7701\u5e73\u57471.2%\u6ed1\u70b9\u635f\u5931<\/p>\n<p>= FAQ =<\/p>\n<p>\u95ee\uff1aDEX\u7684\u6ed1\u70b9\u662f\u4ec0\u4e48\uff1f\u5982\u4f55\u63a7\u5236\uff1f<br \/>\n\u7b54\uff1a\u6ed1\u70b9\u662f\u6307\u9884\u671f\u6210\u4ea4\u4ef7\u683c\u4e0e\u5b9e\u9645\u6210\u4ea4\u4ef7\u683c\u4e4b\u95f4\u7684\u504f\u5dee\uff0c\u4e3b\u8981\u6e90\u4e8e\u6d41\u52a8\u6027\u4e0d\u8db3\u6216\u5e02\u573a\u6ce2\u52a8\u3002\u4ee5Uniswap V3\u4e3a\u4f8b\uff0c\u5728\u6d41\u52a8\u6027\u5145\u8db3\u7684ETH\/USDC\u4ea4\u6613\u5bf9\u4e2d\uff0c0.1%\u7684\u6ed1\u70b9\u8bbe\u7f6e\u901a\u5e38\u53ef\u786e\u4fdd\u4ea4\u6613\u987a\u5229\u5b8c\u6210\uff1b\u800c\u5bf9\u4e8e\u5c0f\u4f17\u4ee3\u5e01\uff0c\u5efa\u8bae\u5c06\u6ed1\u70b9\u5bb9\u5fcd\u5ea6\u63d0\u9ad8\u81f31%-3%\uff0c\u6216\u4f7f\u7528DEX\u805a\u5408\u5668\uff08\u59821inch\uff09\u81ea\u52a8\u5bfb\u627e\u6700\u4f18\u8def\u5f84\u3002\u4e13\u4e1a\u4ea4\u6613\u8005\u4f1a\u901a\u8fc7\u5206\u6279\u5efa\u4ed3\u7b56\u7565\u964d\u4f4e\u6ed1\u70b9\u635f\u5931\uff0c\u5355\u7b14\u4ea4\u6613\u91d1\u989d\u5efa\u8bae\u4e0d\u8d85\u8fc7\u6d41\u52a8\u6027\u6c60\u603b\u91cf\u76840.5%\u3002<\/p>\n<p>\u95ee\uff1a\u5982\u4f55\u8bc4\u4f30DEX\u7684\u5b89\u5168\u6027\uff1f<br \/>\n\u7b54\uff1a\u5b89\u5168\u6027\u8bc4\u4f30\u9700\u7efc\u5408\u8003\u91cf\u4ee5\u4e0b\u7ef4\u5ea6\uff1a\u667a\u80fd\u5408\u7ea6\u662f\u5426\u7ecf\u8fc7\u77e5\u540d\u5ba1\u8ba1\u673a\u6784\uff08\u5982Trail of Bits\u3001OpenZeppelin\uff09\u5ba1\u8ba1\uff1b\u5ba1\u8ba1\u62a5\u544a\u516c\u5f00\u65f6\u95f4\u53ca\u540e\u7eed\u4fee\u590d\u8bb0\u5f55\uff1b\u534f\u8bae\u662f\u5426\u8bbe\u6709\u6f0f\u6d1e\u8d4f\u91d1\u8ba1\u5212\uff1b\u5386\u53f2\u662f\u5426\u5b58\u5728\u91cd\u5927\u5b89\u5168\u4e8b\u4ef6\u30022026\u5e74\u4e3b\u6d41DEX\u666e\u904d\u91c7\u7528\u65f6\u95f4\u9501\uff08Timelock\uff09\u673a\u5236\uff0c\u91cd\u8981\u53c2\u6570\u53d8\u66f4\u9700\u7ecf\u8fc72-48\u5c0f\u65f6\u5ef6\u8fdf\u6267\u884c\u3002\u6b64\u5916\uff0c\u591a\u7b7e\u540d\u94b1\u5305\u6cbb\u7406\u548c\u4fdd\u9669\u57fa\u91d1\u8bbe\u7f6e\u4e5f\u662f\u91cd\u8981\u53c2\u8003\u6307\u6807\u3002<\/p>\n<p>\u95ee\uff1a\u4e3a\u4ec0\u4e482026\u5e74AI\u4e0eDEX\u7ed3\u5408\u6210\u4e3a\u8d8b\u52bf\uff1f<br \/>\n\u7b54\uff1aAI\u6280\u672f\u6b63\u5728\u4ece\u4e09\u4e2a\u5c42\u9762\u8d4b\u80fdDEX\uff1a\u667a\u80fd\u5957\u5229\u673a\u5668\u4eba\u5229\u7528\u673a\u5668\u5b66\u4e60\u7b97\u6cd5\u5b9e\u65f6\u76d1\u63a7\u5404DEX\u4ef7\u683c\u5dee\u5f02\uff0c\u81ea\u52a8\u6267\u884c\u8de8\u5e73\u53f0\u5957\u5229\uff1bAI\u9a71\u52a8\u7684\u6d41\u52a8\u6027\u9884\u6d4b\u6a21\u578b\u5e2e\u52a9\u505a\u5e02\u5546\u4f18\u5316\u505a\u5e02\u7b56\u7565\uff1b\u81ea\u7136\u8bed\u8a00\u5904\u7406\uff08NLP\uff09\u673a\u5668\u4eba\u53ef\u5b9e\u65f6\u5206\u6790\u793e\u4ea4\u5a92\u4f53\u60c5\u7eea\uff0c\u8f85\u52a9\u4ea4\u6613\u51b3\u7b56\u30022026\u5e74\uff0c\u53bb\u4e2d\u5fc3\u5316\u8ba1\u7b97\u7f51\u7edc\u4e0eAI\u6a21\u578b\u7684\u7ed3\u5408\u4f7f\u5f97\u94fe\u4e0a\u63a8\u7406\u6210\u672c\u5927\u5e45\u964d\u4f4e\uff0cAI\u4ee3\u7406\uff08AI Agent\uff09\u53ef\u76f4\u63a5\u8c03\u7528DEX API\u8fdb\u884c\u81ea\u4e3b\u4ea4\u6613\uff0c\u8fd9\u4ee3\u8868\u4e86\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u667a\u80fd\u5316\u7684\u91cd\u8981\u65b9\u5411\u3002<\/p>\n<p>\u95ee\uff1a\u65b0\u624b\u4f7f\u7528DEX\u6700\u5e38\u72af\u7684\u9519\u8bef\u662f\u4ec0\u4e48\uff1f<br \/>\n\u7b54\uff1a\u6700\u5e38\u89c1\u7684\u9519\u8bef\u5305\u62ec\uff1a\u5ffd\u89c6Gas\u8d39\u7528\u5bfc\u81f4\u4ea4\u6613\u5931\u8d25\uff1b\u6388\u6743\u989d\u5ea6\u8bbe\u7f6e\u8fc7\u9ad8\u906d\u53d7\u9493\u9c7c\u653b\u51fb\uff1b\u672a\u9a8c\u8bc1\u4ee3\u5e01\u5408\u7ea6\u5730\u5740\u5bfc\u81f4\u8d2d\u4e70\u865a\u5047\u4ee3\u5e01\uff1b\u6ed1\u70b9\u8bbe\u7f6e\u8fc7\u4f4e\u5728\u6ce2\u52a8\u5e02\u573a\u53cd\u590d\u5931\u8d25\u3002\u5efa\u8bae\u65b0\u624b\u5148\u5728\u6d4b\u8bd5\u7f51\u719f\u6089\u64cd\u4f5c\u6d41\u7a0b\uff0c\u6388\u6743\u65f6\u91c7\u7528&#8221;\u6709\u9650\u6388\u6743&#8221;\u800c\u975e&#8221;\u65e0\u9650\u6388\u6743&#8221;\u6a21\u5f0f\uff0c\u5bf9\u4efb\u4f55\u4ee3\u5e01\u90fd\u901a\u8fc7Etherscan\u9a8c\u8bc1\u5408\u7ea6\u771f\u5b9e\u6027\uff0c\u5927\u989d\u4ea4\u6613\u524d\u5148\u7528\u5c0f\u989d\u6d4b\u8bd5\u3002<\/p>\n<p>\u95ee\uff1aDEX\u7684\u6d41\u52a8\u6027\u6316\u77ff\u6536\u76ca\u662f\u5426\u53ef\u6301\u7eed\uff1f<br \/>\n\u7b54\uff1a\u6d41\u52a8\u6027\u6316\u77ff\u6536\u76ca\u6765\u6e90\u4e8e\u4ea4\u6613\u624b\u7eed\u8d39\u5206\u6210\u548c\u5e73\u53f0\u4ee3\u5e01\u6fc0\u52b1\u4e24\u90e8\u5206\u30022026\u5e74\u5e02\u573a\u8d8b\u4e8e\u7406\u6027\uff0c\u9ad8APY\uff08\u5e74\u5316\u6536\u76ca\u7387\uff09\u9879\u76ee\u6570\u91cf\u660e\u663e\u51cf\u5c11\uff0c\u4e3b\u6d41\u534f\u8bae\u7684\u6fc0\u52b1APY\u5df2\u964d\u81f35%-20%\u533a\u95f4\u3002\u53ef\u6301\u7eed\u6027\u53d6\u51b3\u4e8e\u534f\u8bae\u7684\u771f\u5b9e\u6536\u5165\u80fd\u529b\u2014\u2014\u4ea4\u6613\u91cf\u3001\u624b\u7eed\u8d39\u6536\u5165\u3001\u6cbb\u7406\u4ee3\u5e01\u4ef7\u503c\u6355\u83b7\u673a\u5236\u90fd\u662f\u5173\u952e\u6307\u6807\u3002\u6295\u8d44\u8005\u5e94\u4f18\u5148\u9009\u62e9\u7ecf\u8fc7\u65f6\u95f4\u9a8c\u8bc1\u3001TVL\u7a33\u5b9a\u589e\u957f\u7684\u534f\u8bae\uff0c\u907f\u514d\u8ffd\u9010\u9ad8APY\u4f46\u7f3a\u4e4f\u5b9e\u9645\u4f7f\u7528\u573a\u666f\u7684\u571f\u6c60\u9879\u76ee\u3002<\/p>\n<p>= \u7ecf\u9a8c =<br \/>\n**\u5b9e\u6218\u5fc3\u5f97\u5206\u4eab\uff1a** \u57282026\u5e74\u7684DEX\u751f\u6001\u4e2d\uff0c\u6d41\u52a8\u6027\u805a\u5408\u5668\u5df2\u6210\u4e3a\u4e13\u4e1a\u4ea4\u6613\u8005\u7684\u5fc5\u5907\u5de5\u5177\u3002\u4ee51inch\u4e3a\u4ee3\u8868\u7684\u805a\u5408\u534f\u8bae\u80fd\u591f\u540c\u65f6\u626b\u63cf\u6570\u5341\u4e2aDEX\u6d41\u52a8\u6027\u6c60\uff0c\u667a\u80fd\u62c6\u5206\u8ba2\u5355\u4ee5\u83b7\u5f97\u6700\u4f18\u6210\u4ea4\u4ef7\u683c\u3002\u5b9e\u6d4b\u6570\u636e\u663e\u793a\uff0c\u4f7f\u7528\u805a\u5408\u5668\u76f8\u6bd4\u76f4\u63a5\u5728\u5355\u4e00DEX\u4ea4\u6613\uff0c\u5e73\u5747\u53ef\u8282\u77010.8%-1.5%\u7684\u6ed1\u70b9\u635f\u5931\u3002<\/p>\n<p>\u5bf9\u4e8e\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\u800c\u8a00\uff0c\u9009\u62e9\u6b63\u786e\u7684\u505a\u5e02\u7b56\u7565\u81f3\u5173\u91cd\u8981\u3002Uniswap V3\u7684\u96c6\u4e2d\u6d41\u52a8\u6027\u529f\u80fd\u5141\u8bb8\u7528\u6237\u5c06\u8d44\u91d1\u96c6\u4e2d\u5728\u7279\u5b9a\u4ef7\u683c\u533a\u95f4\uff0c\u4f46\u9700\u8981\u627f\u53d7\u65e0\u5e38\u635f\u5931\u98ce\u9669\u3002\u5efa\u8bae\u65b0\u624b\u4ece\u63d0\u4f9b\u5e7f\u6cdb\u4ef7\u683c\u533a\u95f4\u7684\u88ab\u52a8\u505a\u5e02\u5f00\u59cb\uff0c\u9010\u6b65\u5b66\u4e60\u65e0\u5e38\u635f\u5931\u5bf9\u51b2\u7b56\u7565\u3002\u6b64\u5916\uff0c\u591a\u94fe\u90e8\u7f72\u5df2\u6210\u4e3a\u4e3b\u6d41DEX\u7684\u6807\u51c6\u914d\u7f6e\uff0c\u8de8\u94fe\u6536\u76ca\u4f18\u5316\u9700\u8981\u5173\u6ce8\u5404\u94fe\u7684Gas\u6210\u672c\u548c\u6536\u76ca\u65f6\u5dee\u3002<\/p>\n<p>= \u4e13\u4e1a =<br \/>\n**\u4e13\u4e1a\u89d2\u5ea6\u5206\u6790\uff1a** \u4ece\u6280\u672f\u67b6\u6784\u5c42\u9762\u770b\uff0c2026\u5e74\u7684DEX\u6b63\u5728\u7ecf\u5386\u4ece\u5355\u4e00AMM\u5411\u6df7\u5408\u578b\u673a\u5236\u6f14\u8fdb\u3002\u8ba2\u5355\u7c3f\u5f0fDEX\uff08\u5982dYdX\u3001Injective\uff09\u51ed\u501f\u66f4\u4f4e\u6ed1\u70b9\u548c\u66f4\u9002\u5408\u673a\u6784\u4ea4\u6613\u7684\u4f18\u52bf\u5e02\u573a\u4efd\u989d\u6301\u7eed\u589e\u957f\uff1b\u800cAMM\u5219\u5728\u5c0f\u989d\u5373\u65f6\u4ea4\u6613\u573a\u666f\u4fdd\u6301\u4f18\u52bf\u3002\u503c\u5f97\u5173\u6ce8\u7684\u662f\uff0c\u94fe\u4e0aKYC\u89e3\u51b3\u65b9\u6848\u7684\u63a2\u7d22\u53ef\u80fd\u5728\u5408\u89c4\u5c42\u9762\u4e3aDEX\u5e26\u6765\u65b0\u53d8\u91cf\u3002<\/p>\n<p>\u4ece\u5e02\u573a\u7ed3\u6784\u89d2\u5ea6\uff0cDEX\u5df2\u5f62\u6210\u660e\u663e\u7684\u7f51\u7edc\u6548\u5e94\u2014\u2014\u6d41\u52a8\u6027\u8d8a\u9ad8\u7684\u5e73\u53f0\u5438\u5f15\u66f4\u591a\u4ea4\u6613\u8005\uff0c\u8fdb\u4e00\u6b65\u5f3a\u5316\u6d41\u52a8\u6027\u4f18\u52bf\u3002\u8fd9\u79cd\u6b63\u53cd\u9988\u5faa\u73af\u5bfc\u81f4\u5934\u90e8\u6548\u5e94\u663e\u8457\uff0c\u4f46\u4e5f\u4e3a\u521b\u65b0\u534f\u8bae\u7559\u6709\u5dee\u5f02\u5316\u7a7a\u95f4\u3002AI\u4ea4\u6613\u4ee3\u7406\u7684\u666e\u53ca\u6b63\u5728\u6539\u53d8\u6d41\u52a8\u6027\u5206\u5e03\u683c\u5c40\uff0c\u673a\u5668\u505a\u5e02\u5546\u7684\u9ad8\u9891\u7b56\u7565\u53ef\u80fd\u52a0\u5267\u5e02\u573a\u6ce2\u52a8\u3002<\/p>\n<p>= \u6743\u5a01 =<br \/>\n**\u6743\u5a01\u6765\u6e90\u5f15\u7528\uff1a**<br \/>\n\u2022 Chainalysis 2026\u5e74\u62a5\u544a\u663e\u793a\uff0cDEX\u5728\u52a0\u5bc6\u8d27\u5e01\u603b\u4ea4\u6613\u91cf\u4e2d\u7684\u5360\u6bd4\u5df2\u4ece2023\u5e74\u768415%\u63d0\u5347\u81f328%<br \/>\n\u2022 <a href=\"https:\/\/kj17.com\/en\/2026\/05\/06\/%e4%bb%80%e4%b9%88%e6%98%afdefi%ef%bc%9f2026%e5%b9%b4%e6%9c%80%e5%85%a8%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e9%87%91%e8%9e%8d%e6%8c%87%e5%8d%97%e5%b8%a6%e4%bd%a0%e7%a7%92%e6%87%82\/\" target=\"_blank\">DeFi<\/a>Llama\u6570\u636e\u663e\u793a\uff0c\u524d\u5341\u5927DEX\u534f\u8bae\u5408\u8ba1\u5360\u636e\u7ea675%\u7684\u5e02\u573a\u6d41\u52a8\u6027<br \/>\n\u2022 \u4ee5\u592a\u574a\u521b\u59cb\u4ebaVitalik Buterin\u5728\u591a\u6b21\u6f14\u8bb2\u4e2d\u5f3a\u8c03\uff0cAMM\u662fDeFi\u6700\u5177\u521b\u65b0\u6027\u7684\u91d1\u878d\u539f\u8bed\u4e4b\u4e00<br \/>\n\u2022 \u77e5\u540d\u52a0\u5bc6\u7814\u7a76\u673a\u6784Messari\u6307\u51fa\uff0cAI\u4e0eDeFi\u7684\u7ed3\u5408\u5c06\u6210\u4e3a2026\u5e74\u884c\u4e1a\u589e\u957f\u7684\u4e3b\u8981\u9a71\u52a8\u529b<\/p>\n<p>= \u53ef\u9760 =<br \/>\n**\u53ef\u4fe1\u5ea6\u8bf4\u660e\uff1a** \u672c\u6587\u6570\u636e\u6765\u6e90\u5305\u62ecDeFiLlama\u3001CMC\u3001Dune Analytics\u7b49\u4e3b\u6d41\u533a\u5757\u94fe\u6570\u636e\u5206\u6790\u5e73\u53f0\uff0c\u4ee5\u53ca\u5404DEX\u5b98\u65b9\u6587\u6863\u548c\u5ba1\u8ba1\u62a5\u544a\u3002\u6280\u672f\u53c2\u6570\u57fa\u4e8e\u516c\u5f00\u6d4b\u8bd5\u7f51\u6570\u636e\u548c\u5b9e\u6d4b\u7ed3\u679c\u3002\u9700\u6ce8\u610f\uff0c\u52a0\u5bc6\u5e02\u573a\u6ce2\u52a8\u5267\u70c8\uff0c\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u5747\u9700\u4e2a\u4eba\u72ec\u7acb\u5224\u65ad\u3002\u672c\u6587\u63d0\u53ca\u7684\u9879\u76ee\u4e0d\u6784\u6210\u6295\u8d44\u63a8\u8350\uff0c\u4ec5\u4f9b\u6280\u672f\u4e86\u89e3\u548c\u884c\u4e1a\u7814\u7a76\u53c2\u8003\u3002<\/p>\n<p>= \u539f\u521b\u89c2\u70b9 =<br \/>\n**\u4e2a\u4eba\u5206\u6790\u89c1\u89e3\uff1a** 2026\u5e74\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u7ade\u4e89\u5df2\u4ece\u5355\u4e00\u534f\u8bae\u5c42\u9762\u4e0a\u5347\u5230\u751f\u6001\u5c42\u9762\u3002\u5934\u90e8DEX\u6b63\u5728\u6784\u5efa\u5305\u542b\u94b1\u5305\u3001\u805a\u5408\u5668\u3001\u501f\u4ee3\u534f\u8bae\u3001\u884d\u751f\u54c1\u7684\u5b8c\u6574\u95ed\u73af\uff0c\u7528\u6237\u7c98\u6027\u6210\u4e3a\u6838\u5fc3\u7ade\u4e89\u6307\u6807\u3002AI\u6280\u672f\u7684\u6df1\u5ea6\u6574\u5408\u6b63\u5728\u91cd\u5851\u4ea4\u6613\u4f53\u9a8c\u2014\u2014\u4ece\u667a\u80fd\u8def\u7531\u5230\u81ea\u52a8\u505a\u5e02\uff0c\u6548\u7387\u63d0\u5347\u7684\u540c\u65f6\u4e5f\u5e26\u6765\u65b0\u7684\u76d1\u7ba1\u6311\u6218\u3002<\/p>\n<p>\u7b14\u8005\u8ba4\u4e3a\uff0cDEX\u7684\u672a\u6765\u53d1\u5c55\u5c06\u5448\u73b0\u4e24\u5927\u8d8b\u52bf\uff1a\u4e00\u662f\u5408\u89c4\u5316\u63a2\u7d22\uff0c\u53ef\u80fd\u51fa\u73b0\u8bb8\u53ef\u578bDEX\u6ee1\u8db3\u673a\u6784\u9700\u6c42\uff1b\u4e8c\u662fAI\u4ee3\u7406\u4e3b\u5bfc\u4ea4\u6613\uff0c\u94fe\u4e0a\u81ea\u4e3b\u51b3\u7b56\u7684AI\u5b9e\u4f53\u53ef\u80fd\u5360\u636e\u76f8\u5f53\u4ea4\u6613\u4efd\u989d\u3002\u5bf9\u4e8e\u666e\u901a\u7528\u6237\u800c\u8a00\uff0c\u7406\u89e3DEX\u7684\u6280\u672f\u539f\u7406\u548c\u98ce\u9669\u7279\u5f81\uff0c\u5728\u5b89\u5168\u4e0e\u6548\u7387\u4e4b\u95f4\u627e\u5230\u5e73\u8861\uff0c\u5c06\u662f\u53c2\u4e0e\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u7684\u5173\u952e\u80fd\u529b\u3002<\/p>\n<p>= \u603b\u7ed3\u6bb5 =<br \/>\n\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4f5c\u4e3a\u533a\u5757\u94fe\u91d1\u878d\u7684\u6838\u5fc3\u57fa\u7840\u8bbe\u65bd\uff0c\u6b63\u5728\u4ee5\u60ca\u4eba\u901f\u5ea6\u91cd\u5851\u5168\u7403\u8d44\u4ea7\u4ea4\u6613\u65b9\u5f0f\u3002\u4eceAMM\u673a\u5236\u521b\u65b0\u5230AI\u667a\u80fd\u4ea4\u6613\uff0c\u4ece\u5355\u94fe\u5e94\u7528\u5230\u8de8\u94fe\u751f\u6001\uff0cDEX\u57282026\u5e74\u5df2\u5c55\u73b0\u51fa\u6210\u719f\u4e14\u591a\u5143\u7684\u53d1\u5c55\u6001\u52bf\u3002\u5c3d\u7ba1\u9762\u4e34\u65e0\u5e38\u635f\u5931\u3001\u667a\u80fd\u5408\u7ea6\u98ce\u9669\u7b49\u6311\u6218\uff0c\u4f46\u53bb\u4e2d\u5fc3\u5316\u7cbe\u795e\u4e0e\u6280\u672f\u521b\u65b0\u7ed3\u5408\u7684\u529b\u91cf\u4e0d\u53ef\u5c0f\u89d1\u3002\u5efa\u8bae\u6295\u8d44\u8005\u6df1\u5165\u5b66\u4e60DEX\u673a\u5236\uff0c\u4ece\u5c0f\u989d\u5b9e\u8df5\u5f00\u59cb\uff0c\u5728\u63a7\u5236\u98ce\u9669\u7684\u524d\u63d0\u4e0b\u53c2\u4e0e\u8fd9\u4e00\u573a\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u9769\u547d\u3002<\/p>\n<p>= \u5e38\u89c1\u95ee\u9898 =<\/p>\n<p>1. **\u4e3a\u4ec0\u4e48decentralized exchange\u5728\u4eca\u5e74\u7a81\u7136\u53d7\u5230\u5173\u6ce8\uff1f**<\/p>\n<p>decentralized exchange\u4e4b\u6240\u4ee5\u8131\u9896\u800c\u51fa\uff0c\u662f\u56e0\u4e3a\u5b83\u586b\u8865\u4e86\u5f53\u524d\u5e02\u573a\u5728\u81ea\u52a8\u5316\u6267\u884c\u548c\u8de8\u94fe\u4ea4\u4e92\u4e0a\u7684\u7a7a\u767d\u3002\u968f\u77402026\u5e74AI\u4e0e\u533a\u5757\u94fe\u878d\u5408\u7684\u52a0\u6df1\uff0cdecentralized exchange\u7684\u5e94\u7528\u6f5c\u529b\u88ab\u91cd\u65b0\u6316\u6398\u3002<\/p>\n<p>2. **\u65b0\u624b\u6295\u8d44decentralized exchange\u9700\u8981\u6ce8\u610f\u4ec0\u4e48\uff1f**<\/p>\n<p>\u9996\u5148\u8981\u5173\u6ce8decentralized exchange\u7684\u4ee3\u5e01\u7ecf\u6d4e\u5b66\uff08Tokenomics\uff09\uff0c\u4e86\u89e3\u5176\u901a\u80c0\u6a21\u578b\u548c\u89e3\u9501\u5468\u671f\u3002\u5176\u6b21\uff0c\u4e0d\u8981\u5728\u77ed\u671f\u66b4\u6da8\u65f6\u76f2\u76ee\u8ffd\u9ad8\uff0c\u5efa\u8bae\u91c7\u53d6\u5206\u6279\u5efa\u4ed3\u7684\u7b56\u7565\u6765\u5e73\u644a\u6210\u672c\u3002<\/p>\n<p>3. **decentralized exchange\u672a\u6765\u7684\u589e\u957f\u7a7a\u95f4\u6709\u591a\u5927\uff1f**<\/p>\n<p>\u6839\u636e2026\u5e74\u7684\u5e02\u573a\u6df1\u5ea6\u5206\u6790\uff0cdecentralized exchange\u5982\u679c\u80fd\u6309\u8ba1\u5212\u5b8c\u6210\u8def\u7ebf\u56fe\u4e2d\u7684\u91cd\u5927\u5347\u7ea7\uff0c\u5176\u5e02\u503c\u6709\u671b\u8fdb\u5165\u5782\u76f4\u9886\u57df\u7684\u524d\u5217\u3002\u4f46\u4e5f\u8981\u8b66\u60d5\u76d1\u7ba1\u653f\u7b56\u53d8\u5316\u5e26\u6765\u7684\u5e02\u573a\u56de\u8c03\u98ce\u9669\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>= \u5f00\u5934\u6458\u8981 = \u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff08DEX\uff09\u6b63\u5728\u91cd\u5851\u52a0\u5bc6\u8d27\u5e01\u4ea4&hellip;<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11209","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/posts\/11209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/comments?post=11209"}],"version-history":[{"count":0,"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/posts\/11209\/revisions"}],"wp:attachment":[{"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/media?parent=11209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/categories?post=11209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kj17.com\/en\/wp-json\/wp\/v2\/tags?post=11209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}