Solana’s dominant automated market maker (AMM) Raydium hit back Monday on rumors that major volume driver Pump.Fun was preparing to launch its own AMM.
Abandoning Raydium whole hog would be a “strategic miscalculation” for the massively popular — and profitable — memecoin factory, core contributor InfraRAY said in a post on X. He cast doubt on the notion that Pump.Fun could replicate its success if it swaps Raydium out for in-house trading infrastructure.
Token investors dumped RAY en-masse this weekend after hawkeyed observers noticed Pump.Fun was apparently testing its own AMM, presumably with the intent to replace Raydium’s longstanding liquidity pools as its platform of choice. Such a move would shake up the economics of decentralized token trading on Solana.
Right now, Raydium, the chain’s largest AMM platform, captures trading fees generated by Pump.Fun memecoins that “graduated” from the launchpad to its own pools. The…
