Pump.fun testing AMM potentially to replace Raydium
Pump.fun, the popular same same launchpad, based in Solana, would test its automated market market which could replace Raydium as the default decentralized exchange for graduated tokens.
The development was spotted for the first time by the platform of the aggregator of New News Aggr News, which took note of AMM.pump.fun, a new liquidity pool under internal tests. In the event of implementation, internal AMM of Pump.fun would allow the platform to capture more costspotentially impacting negotiation costs on Raydium (RADIUS))
Change comes as Even continues to order a huge volumes on the Dex market. Pump.fun has already generated more than $ 500 million in total exchange fees, according to Parade. Currently, around 1.4% of tokens launched on the platform migrate to Raydium, which means that an internal AMM could help maintain more liquidity in the ecosystem.
The X community speculates that this development could also pave the way for additional features such as even perpetuals and loans. Raydium could see a drop of 30 to 50% of the trading volume if the pump. Fun advances with the transition. This would have a considerable impact on the position of the Raydium market. Raydium token, RADIUSis already down 20% in the last 24 hours in reaction to the news, according to Co Ringecko.
Beyond its quarter of liquidity, Pump.fun made the headlines to stop a pirate connected to the recent hack of $ 1.4 billion in the launch of funds on the platform. Pump.fun blocked the attacker’s ability to transfer assets via the Pump.fun infrastructure and prevented them from laundering stolen money thanks to a same launch.
Thanks to a room called “Qinshuang (500,000)”, the pirate had already pushed more than $ 26 million in commercial volume before being banned. According to the blockchain dataThe striker moved 60 floor to a different wallet before launching the token on pump. Fun, perhaps to mix and hide the stolen assets.
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