Solana’s dominant automated market manufacturer (AMM) Raydium on Monday hit rumors that larger volume driver pump.Fun was preparing to launch its own AMM.
Giving up raydium whole pig would be a “strategically wrong calculation” for the massively popular – and profitable – Memecoin factory, said core contributors infraray in a post on X. He casts doubt on the notion that the pump could repeat his success if it Swap Raydium out to internal trade infrastructure.
Token investors dumped Ray one-mass over the weekend after Hawkeyed observers noted that pump.Fun apparently tested his own AMM, presumably for the purpose of replacing Raydium’s long-standing liquidity pools as its election platform. Such a movement would shake the economy of decentralized token trade at Solana.
Right now, Raydium, the chain’s largest AMM platform, commercial fees generated by pump.Fun Memecoins, who “trained” from the starting plate to its own pools. The event – in place since pump.Fun’s earliest days – has been an economic blessing for Raydium
But it also leaves pump.Fun out of the long -term upside of tokens that its users create. That’s not to say it doesn’t matter: Pump.Fun has collected half a billion dollars on the fees it charges from early stages token launches, one of Crypto’s biggest warchest.
Raydium is currently generating over $ 1 million in fees each day from trading across all its liquidity pools, not just pump.fun -tokens. That said, more than 30% of Raydium’s daily trading volume comes from pump.fun -tokens, according to a dune dashboard, which means a good proportion of its fees could dry up if the pump.Fun changes away.
“100%, revenue is real,” Infraray said in a message to Coindesk. But he warned that the market’s 30% clipping on Ray -Tokens was “excessive” and partly because of the sun’s own weakness.
He said any turning to a new AMM could hit countless problems: inadequate supporting infrastructure, low demand for migrated tokens, a flop on volume at launch.
“I think it’s a real risk they’re overlooking, but I could have wrong,” Infraray said.
Pump.Fun-co-founder Alon Cohen refused to comment.
