The post Pump.fun Testing In-House AMM to Replace Raydium appeared on BitcoinEthereumNews.com.

Pump.fun’s AMM may reduce Raydium’s trading volume by up to 50%.  The movement strengthens  Pump.fun’s impact on Solana’s memecoin space. Pump.fun, one of the most popular Solana-based memecoin launchpads, is said to be building an internal automated market maker (AMM). This disruption may challenge Raydium’s reign as the go-to decentralized exchange for memecoins. The development, first breaking by Aggr News, is already causing some waves in the market, causing Raydium’s RAY token to dive sharply. The new AMM is in internal testing and, if released, may change the dynamics of liquidity in the Solana ecosystem. At present, only a minority of tokens from Pump.fun transfer to Raydium. By retaining liquidity on its own platform, Pump.fun may have a dramatic effect on Raydium’s market share. Analysts predict a potential 30%-50% decline in Raydium’s trading volume if Pump.fun proceeds with the launch, which is a sign of rising competition in the decentralized finance market. Pump.fun AMM Redefines Solana Liquidity Pump.fun’s AMM technology can potentially extend beyond trading volume. The X community has forecasted that the platform can introduce new features such as memecoin perpetuals and lending, cementing its market leadership in Solana’s memecoin economy. DeFiLlama shows that Pump.fun has already accumulated over $500 million in swap fees, further cementing its financial strength and ability to maintain standalone liquidity solutions. This move comes following Pump.fun’s recent involvement in the reported $1.4 billion Bybit hack. The platform was successful in preventing the hackers from money laundering stolen cash through a memecoin issuance, halting an over $26 million false transaction. The blockchain data identified the attackers who sought to use Pump.fun for fake trading volume. The platform reacted fast to fend off the ill-intentioned move. The increasing power of Pump.fun within decentralized finance becomes more and more apparent. The co-founder Alon Cohen had called the…

---

Filed under: News - @ February 25, 2025 11:27 am