Memecoin

Raydium

Alon

<ul class="wp-block-list"><li>Pump.fun is testing a new AMM that could rival Raydium as Solana’s top memecoin exchange.</li><li>RAY token dropped 20% amid Pump.fun’s AMM rumors, with analysts predicting a 30%-50% trading volume decline if launched.</li></ul>Pump.fun, a Solana-based memecoin launchpad, is reportedly testing a new in-house automated market maker (AMM), which could potentially replace Raydium as the primary decentralized exchange for tokens launched on its platform.This development was initially reported by Aggr News on X (formerly Twitter), reporting that this innovation might challenge Raydium’s current dominance in the memecoin space.The new AMM is currently undergoing internal testing and could serve as a replacement for Raydium as the primary decentralized exchange for tokens launched on Pump.fun.&nbsp;<h3 class="wp-block-heading" id="h-effects-on-solana-memecoin-and-raydium-nbsp">Effects On Solana Memecoin and Raydium&nbsp;</h3>Raydium’s <a href="https://www.coingecko.com/en/coins/raydium" rel="noopener noreferrer nofollow">RAY token</a> has already felt the impact of these rumors, dipping over 20% in the past 24 hours. Investors are concerned about the potential influence of this news on Raydium’s trading volume. Currently, only 1.4% of pump.fun tokens migrate to Raydium.&nbsp;An in-house AMM could retain that liquidity within the <a href="https://amm.pump.fun/swap" rel="noopener noreferrer nofollow">Pump.fun</a> ecosystem, directly impacting Raydium’s market share. Analysts even foresee a potential 30%-50% drop in Raydium trading volume if pump.fun proceeds with this development.&nbsp;<h3 class="wp-block-heading" id="h-pump-fun-s-amm-fuels-memecoin-innovation">Pump.fun’s AMM Fuels Memecoin Innovation</h3>The implications extend beyond trading volumes, price increases, or profit initiatives. The X Community now speculates that news features like <a href="https://thenewscrypto.com/raydium-integrates-with-orderly-network-to-launch-perpetual-futures-trading-on-solana/" rel="noopener noreferrer nofollow">memecoin perpetuals</a> and lending could be possible if in-house AMM launch successfully. The AMM will solidify pump.fun’s position as a leader in memecoin innovation.According to <a href="https://defillama.com/protocol/pump?groupBy=cumulative" rel="noopener noreferrer nofollow">DeFiLama</a>, over $500 million in total swap fees have already been generated, which boosts Pump.fun’s revenue by capturing swap fees that would otherwise go to third-party platforms.This AMM development also coincides with pump.fun’s recent intervention in the allegedly <a href="https://thenewscrypto.com/bybit-hit-by-1-4-billion-crypto-heist-as-lazarus-group-is-suspected/" rel="noopener noreferrer nofollow">$1.4 billion Bybit hack</a>. Pump.fun successfully blocked the hackers and disallowed them from laundering stolen funds through a memecoin launch.&nbsp;The hackers attempted fraud of over $26 million in the trade volume via the “QinShihuang (500000)” coin before being halted. According to Blockchain <a href="https://solscan.io/account/9Gu8v6VZ2YvRngGo35TVyK9CBvbCp4q5ybCSGfaAdqWS?exclude_amount_zero=true#transfers" rel="noopener noreferrer nofollow">data</a>, the hacker was reported to have moved 60 SOL to a different wallet. After which he launched the coin on pump.fun, to aid his scam intention.&nbsp;This incident, in relation to the AMM development, showcases Pump.fun’s growing influence and role in the decentralized finance space.Pump.fun co-founder Alon Cohen recently stated that pump.fun “One way to think about Pump.fun is that it’s the biggest attention marketplace on the internet”&nbsp;Highlighted Crypto for Today<a href="https://thenewscrypto.com/crypto-exchange-exch-denies-money-laundering-allegations-after-bybit-hack/" rel="noopener noreferrer nofollow">Crypto Exchange eXch Denies Money Laundering Allegations After Bybit Hack</a>

Pump.fun Reportedly Testing In-House AMM That Could Replace Raydium

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