TechFlow news, February 25 — According to CoinDesk, InfraRAY, a core contributor of Raydium, responded to rumors that Pump.Fun may launch its own AMM. InfraRAY posted on X stating that it would be a "strategic misstep" for Pump.Fun to completely abandon Raydium, questioning whether it could replicate existing success. He pointed out that if Pump.Fun shifts to a new AMM, it might face multiple risks, including insufficient infrastructure, weak demand for token migration, and low trading volume during initial listing.
According to Dune data, Raydium currently generates over $1 million in daily trading fees, with more than 30% coming from Pump.Fun token trades. Regarding this, InfraRAY noted that while the revenue impact is real, the decline in RAY's price has been overstated, partly due to SOL's overall weak performance.
Alon Cohen, co-founder of Pump.Fun, declined to comment. It is reported that Pump.Fun has already accumulated a $500 million war chest from early token issuance fees but cannot share in the long-term gains of the tokens it launches under the current partnership model.
