In a daring move that could shift the decentralized finance (DeFi) dynamics on the Solana blockchain, Pumpdotfun, a burgeoning entity in the crypto ecosystem, is developing its own Automated Market Maker (AMM) liquidity pools. Presently in the testing phase at amm.pump.fun, these pools will offer an alternative to existing DeFi platforms such as Raydium, which has emerged as one of the most notable AMM services for Solana-based tokens. Pumpdotfun’s play to build its own liquidity pools, signifying a potential pivot from community-driven fee extraction, is also notable for its AMM’s innovative approach to rendering Solana’s token holders with additional rewards—a
The post Pumpdotfun’s Ambitious Move: Developing Own AMM Liquidity Pools to Empower Token Holders and Increase Fee Revenue appeared first on The Merkle News.
