Raydium, a dominant automated market manufacturer of Solana (AMM), retaliated on Monday on rumors that the major volume driver Pump.fun was preparing to launch his own AMM.
The abandonment of Raydium Whole Hog would be a “strategic calculation error” for the same factory memecoin, a massively popular – and profitable basic contributor – declared that Pump.fun could reproduce his success if he exchanged Raydium for the ‘internal negotiation infrastructure.
The tokens investors threw Ray En-Masse this weekend after Hawkeed observers noticed that Pump. Such a decision would shake the economy of decentralized tokens trading on Solana.
Currently, Raydium, the largest AMM platform in the chain, captures the trading costs generated by Pump. The arrangement – in place since the first days of Pump.fun – was a financial boon for Raydium
But it also leaves pump.Fun out of the long -term increase in tokens created by its users. This does not mean that it does nothing: Pump.fun raised half a billion dollars on the costs he collects during the launches of tokens at the start of the stadium, one of the biggest warheads of Crypto .
Raydium currently generates more than a million dollars in fees every day by negotiating in all his liquidity pools, not only to those of the pumping tokens. That said, more than 30% of Raydium’s daily trading volume comes from pump tokens.
“100%, income is real,” said Infraray in a message to Coindesk. But he warned that the haircut of 30% of the market on ray tokens was “exaggerated” and in part because of the own soil weakness.
He said that any pivot in a new MA could hit a myriad of problems: an inadequate support infrastructure, a low demand for migrated tokens, a flop on the volume at launch.
“I think it is a real risk that they neglect, but I could be wrong,” said Infraray.
The co-founder of Pump.fun, Alon Cohen, refused to comment.
