Pump.fun self-hosted AMM, can Raydium still monopolize the meme liquidity pool?
Original Author: CryptoBaci, Crypto Researcher
Original Translation: ChatGPT
Editor's Note: This article analyzes Pump.fun's launch of a new AMM challenging Raydium's monopoly position. Pump.fun aims to reduce reliance on Raydium through an independent liquidity pool, potentially causing liquidity outflow and impacting Raydium's market share. The article also discusses the advantages and risks of the new AMM, especially liquidity issues and potential vulnerabilities.
The following is the original content (slightly rephrased for better readability):
Pump.fun has just introduced its own AMM, which may indicate that Pump.fun is no longer relying on Raydium. They have launched their own liquidity pool, and liquidity may begin to shift away from Raydium. This implies:
• Meme coins may no longer need Raydium.
• Pump.fun will keep all fees within its own ecosystem.
• There may be LP rewards (similar to other DEXs).
The first test token $CRACK has been added to the liquidity pool.

So far, all Meme coin liquidity has relied on Raydium. But now:
• You create a token and it can be traded immediately.
• Traders do not need to switch platforms.
• Pump.fun is becoming a fully independent ecosystem.
This may shift the power balance on Solana.

Advantages of the new AMM:
• Instant liquidity without relying on external platforms.
• Fully integrated with Pump.fun.
• Early opportunities for traders → arbitrage and potential system vulnerabilities.
• If this project is successful, it is an early opportunity to enter a new market.

Risks and Drawbacks:
• Still in beta stage → potential vulnerabilities and security risks.
• Liquidity has not reached Raydium's depth yet.
• There is no guarantee that traders will fully migrate to this AMM.
It's either Pump.fun dominates the market share, or this AMM remains niche.

How does this affect $RAY?
Raydium has already felt the pressure. $RAY dropped 10% after the AMM release news. Why?
• If liquidity starts flowing out, Raydium's pool revenues will be impacted.
• Decrease in trading volume = reduced interest in the DEX = further price decline.
• If this trend continues, $RAY could face an even bigger hit.
Raydium is losing control of Solana liquidity.

What to do next?
• Try the new AMM.
• Monitor liquidity and new tokens.
• Continue to observe Raydium's performance—can they defend their position?

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Refutation of Yang Haipo's "The End of Cryptocurrency"

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?
Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC
Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)
Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.
But is he right? Or is this just another CEO pumping his bags?
Let us look at the data. Let us be neutral. Let us see if the ice has really melted.

WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance
WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.

Polygon co-founder Sandeep: Writing after the chain bridge chain explosion

Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights
To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.

Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi

Why a Million-Follower Crypto KOL Chooses WEEX VIP?
Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes
Naval personally takes the stage: The historic collision between ordinary people and venture capital
a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins
Refutation of Yang Haipo's "The End of Cryptocurrency"
Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets
6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived
Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.





