Solana’s dominant Automated Market Maker (AMM) struck Monday on rumors that the main driver’s main volume was preparing to launch her own AMM.
The abandonment of Raydium whole Hog will be a “strategic false mistake” for a huge famous – and earning – Memecoin factory, the main contributing Infraray said in a post in X. He doubts the notion that the pump .Fun can replicate its success if it replaces Raydium out for in-house trading infrastructure.
Investors in the token threw Ray en-Mass this weekend after the hawkeyed observers noticed the pump.fun seemed to be trying its own AMM, maybe with the aim of replacing the long-term Raydium pools as its platform selected. Such a step is to keep the economy of decentralized token trading in Solana.
To date, Raydium, the largest AMM platform of the chain, is getting trading fees generated by the Pump.Fun Memecoins that “graduate” from the launchpad to its own pools. The arrangement – in place since the earliest days of pump.fun – became a financial boon for Raydium
But it also leaves a pump.fun out of the long-term reversal of tokens created by its users. That is not to say that it does nothing: the pump.fun gathered half a billion dollars on the fees it collects from the launch of the early stage token, one of the greatest crychest of the crypto.
Raydium is currently making up more than $ 1 million in fees day -day from trading to all its pools, not just to pump.fun tokens. That is According to a dune dashboard, This means a good part of its fees can dry out if the pump.fun is moving.
“100%, hit revenue is true,” Infraray said in a message to CoinDesk. But he warned that the 30% haircut of the Ray Tokens market was “overblown” and partly because of Sol’s own weakness.
He said any pivot in a new AMM could hit many issues: inadequate support of infrastructure, low demand for moving tokens, a volume of launch volume.
“I think that’s a real risk they are looking at but I can be wrong,” Infraray said.
Pump.Fun co-founder Alon Cohen refused to comment.
