泵。FUN試驗自動化做市商（AMM），威脅著Raydium對Solana的統治地位

Pump.Fun是一個以對模因硬幣的關注而聞名的平台，正在通過自己的自動營銷商（AMM）的試驗徹底改變Solana的流動性格局。

Platform pump.fun, renowned for its meme coin focus, is making waves in the liquidity landscape on Solana by trialing its own Automated Market Maker (AMM). The test version of amm.pump.fun has sparked interest, hinting at the possibility of shifting liquidity flows in the Solana network. Currently, tokens created on Pump.fun move to Raydium to utilize its liquidity pools.

以其模因硬幣的重點而聞名的平台泵。通過試用自己的自動營銷商（AMM），在Solana的流動性環境中浪潮。 AMM.Pump.Fun的測試版引發了興趣，暗示可能會在Solana網絡中轉移流動性流動。目前，代幣在泵上創建。FUN轉移到Raydium以利用其流動性池。

In these pools, liquidity providers earn a commission of 0.25% on each trade. Of this fee, 0.22% is distributed to liquidity providers (LPs), while the remaining 0.03% is used to repurchase RAY tokens. However, if Pump.fun fully implements its AMM, it could keep those fees within its own ecosystem, boosting its revenue stream and gaining tighter control over liquidity.

在這些池中，流動性提供商在每次交易中獲得0.25％的佣金。在這筆費用中，0.22％分配給流動性提供商（LPS），而其餘0.03％則用於回購射線令牌。但是，如果pump.fun完全實現其AMM，則可以將這些費用保留在自己的生態系統中，增強其收入流並對流動性進行更嚴格的控制。

This news has had an immediate impact on the market. The price of the RAY token dropped over 28% in just a few hours, trading at around $3. This sharp decline is attributed to the market’s expectations of a reduction in Raydium’s commission-based revenue, especially if Pump.fun manages to attract trading volumes to its platform.

該消息對市場產生了直接的影響。射線令牌的價格在短短幾個小時內下跌了28％，交易約為3美元。這種急劇下降歸因於市場對Raydium基於佣金的收入減少的期望，尤其是如果Pump.Fun設法吸引了其平台的交易量。

While Pump.fun's AMM is still in the testing phase, analysts foresee its potential to disrupt the liquidity dynamics of Solana. Some speculate that Pump.fun might introduce higher trading fees, in the range of 2% to 3%, and incorporate a reward system for its users.

雖然Pump.Fun的AMM仍處於測試階段，但分析師預計其破壞Solana流動性動態的潛力。有些人推測pump.fun可能會引入更高的交易費用，範圍為2％至3％，並為其用戶納入獎勵系統。

With over $509 million in transaction fees generated since its launch, the platform stands to solidify its dominance in the meme coin space within Solana if its AMM achieves success. Meanwhile, Raydium has played a key role in the growth of these projects, receiving payments of up to 6 SOL (roughly $950) from projects migrating to its liquidity pools.

自推出以來，該平台就產生了超過5.09億美元的交易費用，如果其AMM取得了成功，則可以鞏固其在Solana內模因硬幣空間中的優勢。同時，Raydium在這些項目的增長中發揮了關鍵作用，從遷移到其流動性池的項目中獲得了高達6個SOL（約950美元）的付款。

In addition to testing its AMM, Pump.fun has also stepped up its efforts against money laundering, especially after discovering that stolen funds from the Bybit hack were being used to create a token named QinShihuang on its platform. Upon detection, Pump.fun swiftly blocked and removed the token, demonstrating its commitment to maintaining the crypto ecosystem's security.

除了測試其AMM外，Pump.Fun還加大了對洗錢的努力，尤其是在發現Bybit Hack被盜資金之後，它被用來在其平台上創建一個名為Qinshihuang的代幣。發現後，泵迅速阻止並取下令牌，表明了其對維護加密生態系統安全的承諾。