Pump.fun reportedly testing in-house AMM that could replace Raydium

Pump.enjoyable, the favored Solana-based memecoin launchpad, is reportedly testing its automated market maker which may substitute Raydium because the default decentralized trade for graduated tokens.

The event was first noticed by X information aggregator platform Aggr Information, which took discover of amm.pump.enjoyable, a brand new liquidity pool beneath inside testing. If applied, Pump.enjoyable’s in-house AMM would enable the platform to seize extra charges, doubtlessly impacting buying and selling charges on Raydium (RAY).

The shift comes as memecoins proceed to command enormous volumes within the DEX market. Pump.enjoyable has already generated over $500 million in complete swap charges, based on DeFiLlama. At the moment, about 1.4% of tokens launched on the platform migrate to Raydium, that means an in-house AMM may assist hold extra liquidity throughout the ecosystem.

The X neighborhood is speculating that this growth may additionally pave the best way for added options like memecoin perpetuals and lending. Raydium may see a 30-50% drop in buying and selling quantity if Pump.enjoyable strikes ahead with the transition. This is able to tremendously influence Raydium’s market place. Raydium’s token, RAY, is already down 20% within the final 24 hours in response to the information, based on CoinGecko.

Past its liquidity shift, Pump.enjoyable has been within the information for stopping a hacker related to the latest $1.4 billion Bybit hack from laundering funds on the platform. Pump.enjoyable blocked the attacker’s means to switch property by way of Pump.enjoyable’s infrastructure and stopped them from laundering stolen cash via a memecoin launch.

By way of a coin known as “QinShihuang (500000),” the hacker had already pushed over $26 million in commerce quantity earlier than being banned. In response to blockchain knowledge, the attacker moved 60 SOL to a distinct pockets earlier than launching the token on Pump.enjoyable, maybe to combine and conceal the stolen property.