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.