位于索拉纳的令牌发行平台泵。FUN可能会推出自己的AMM

AMM是加密市场中的交换系统，通过使用通常（至少两个令牌）的流动性库来轻松进行交易。

Solana-based token issuance platform Pump.Fun might be launching its own automated market maker (AMM), a URL connected to the site shows. However, there has been no public announcement yet.

基于Solana的令牌发行平台泵。FUN可能会启动自己的自动化做市商（AMM），该URL连接到网站显示。但是，还没有公开宣布。

An AMM is a type of decentralized exchange system in crypto markets that facilitates trading by utilizing a liquidity pool of usually, and at least, two tokens. Instead of matching buyers and sellers like a traditional exchange, smart contracts set the prices based on supply and demand and allow trades to be processed without a counterparty.

AMM是加密货币市场中一种分散的交换系统，它通过使用通常的流动性库，至少是两个令牌来促进交易。智能合约没有像传统的交易所那样匹配买卖双方，而是根据供需设定了价格，并允许在没有交易对手的情况下处理交易。

The “amm.pump.fun” shows a swap product in the making with a sell and buy option alongside a deposit and withdrawal function. This is a first for Pump.Fun, which lets anyone issue a token for less than $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it.

“ amm.pump.fun”在制造中显示了掉期产品，并与存款和提款功能一起出售和购买期权。这是pump.fun的第一个，它使任何人都可以以不到2美元的资本发行代币，然后他们选择代币，主题和模因图片的数量来伴随它。

When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned (or when tokens are taken out of supply permanently).

当任何代币的市值达到69,000美元时，将一部分流动性存入了基于索拉纳的交换雷迪姆并被烧毁（或者何时永久取出代币）。

Pump.Fun’s own AMM would mean tokens are no longer migrated to Raydium, or at least that’s what the market thinks, dampening sentiment for the latter’s RAY tokens. RAY is down 25% in the past 24 hours on the apparent development.

pump.fun自己的AMM将意味着令牌不再迁移到Raydium，或者至少这就是市场的想法，从而抑制了后者的Ray令牌的情绪。在过去的24小时内，Ray在明显的发展中下降了25％。

“It seems they are planning to have pump tokens graduate to their own pools instead of Raydium,” trader @trenchdiver101, who first flagged the development, said. “They can either extract more fees on Solana or have some mechanism to reward token holders.”

“看来，他们正计划让泵代币毕业于自己的泳池，而不是雷迪恩，” Trader @trenchdiver101首先标记了这一开发项目。 “他们可以提取更多的索拉纳费用，或者有一些机制来奖励令牌持有人。”

While a portion of Raydium’s total trading activity is derived from Pump.Fun tokens, the exchange supports several other top markets — such as Solana (SOL) to stablecoins and others — contributing to its $500 million in average daily trading volumes.

虽然Raydium总交易活动的一部分来自泵。Fun代币，但交易所支持其他几个顶级市场（例如Solana（Sol）到Stablecoins和其他人），其平均每日交易量为5亿美元。

As such, the product could further bump the revenues and profits of Pump.Fun, which has no token but is among the most profitable crypto applications in the past year — a rare feat in a market where businesses heavily rely on token sales to generate income.

因此，该产品可能会进一步增加泵的收入和利润。 。

Pump.Fun has pocketed over $550 million in total fees since March 2024, data shows, with $2.4 billion in trading volumes over just the past two weeks. Over 8 million tokens have been issued on the platform since its 2024 launch, with a few, such as fartcoin (FART), reaching billions of dollars in market capitalization.

数据显示，自2024年3月以来，Pump.Fun的总费用已超过5.5亿美元，在过去的两周中，交易量为24亿美元。自2024年推出以来，该平台上已发行了超过800万个令牌，其中一些（例如Fartcoin（Fart））达到了数十亿美元的市值。