- Pump.fun’s AMM may reduce Raydium’s trading volume by up to 50%.
- The movement strengthens Pump.fun’s impact on Solana’s memecoin space.
Pump.fun, the wildly popular Solana-based memecoin launchpad, is reportedly building an internal automated market maker (AMM). This disruption could shake up Raydium’s reign as the go-to decentralized exchange for memecoins. The news, first reported by Aggr News, has already caused some ripples in the market, causing Raydium’s RAY token to take a nosedive. 📉
The new AMM is currently in internal testing and, if released, could drastically change the dynamics of liquidity in the Solana ecosystem. At present, only a minority of tokens from Pump.fun transfer to Raydium. By keeping liquidity on its own platform, Pump.fun could have a dramatic effect on Raydium’s market share. Analysts predict a potential 30%-50% decline in Raydium’s trading volume if Pump.fun goes ahead with the launch, which is a clear sign of rising competition in the decentralized finance market. 💥
Pump.fun AMM: A Game-Changer for Solana Liquidity?
Pump.fun’s AMM technology could potentially extend beyond just trading volume. The X community has speculated that the platform could introduce new features such as memecoin perpetuals and lending, further solidifying its market leadership in Solana’s memecoin economy. DeFiLlama shows that Pump.fun has already raked in over $500 million in swap fees, further cementing its financial strength and ability to maintain standalone liquidity solutions. 💰
This move comes following Pump.fun’s recent involvement in the reported $1.4 billion Bybit hack. The platform successfully prevented the hackers from money laundering stolen cash through a memecoin issuance, halting an over $26 million false transaction. The blockchain data identified the attackers who sought to use Pump.fun for fake trading volume. The platform reacted swiftly to thwart the ill-intentioned move. 🕵️♂️
The growing influence of Pump.fun within decentralized finance is becoming increasingly apparent. The co-founder Alon Cohen had called the site “the biggest attention marketplace on the internet.” He highlighted how it can absorb market momentum. With its AMM in the testing phase, Pump.fun is ready to join the ranks of the leaders in Solana’s memecoin space. It’s poised to redefine control and exchange of liquidity within it. 🚀
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2025-02-25 14:10