根据与该网站相关的URL，总部位于Solana的令牌发行平台泵泵可能很快就会推出自己的自动化营销商（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 appears to be preparing to launch its own automated market maker (AMM), a URL connected to the site shows.

基于Solana的令牌发行平台泵。FUN似乎正在准备启动自己的自动化营销商（AMM），该网站连接到该网站显示。

An AMM is an exchange system in crypto markets that facilitates trading by utilizing a liquidity pool of usually at least two tokens.

AMM是加密市场中的交换系统，它通过使用通常至少两个令牌的流动性库来促进交易。

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.

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. That’s 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。”

Though a part of Raydium's total trading activity is derived from Pump.Fun tokens, the exchange supports several other top markets — such as Solana SOLUSD to stablecoins and others — contributing to its $500 million in average daily trading volumes.

尽管Raydium的总交易活动的一部分来自泵。Fun代币，但该交易所支持其他几个顶级市场（例如Solana Solusd to Stablecoins和其他），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。