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Pump.fun Testing In-House AMM to Replace Raydium

  • Pump.fun is testing an in-house automated market maker (AMM) which may challenge Raydium's dominance in the Solana memecoin space.
  • If launched, Pump.fun's AMM could lead to a 30%-50% decline in Raydium's trading volume, indicating increasing competition in the decentralized finance market.
  • Pump.fun's AMM technology has the potential to introduce new features such as memecoin perpetuals and lending, further solidifying its position in Solana's memecoin economy.
  • Pump.fun's involvement in preventing the hackers from money laundering in the reported Bybit hack showcased its growing influence and ability to protect against ill-intentioned moves.

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