Addressing PumpSwap
There are a few things here. Firstly, the graph in the quoted post is designed to pin an entire bea | Hanami
Addressing PumpSwap
There are a few things here. Firstly, the graph in the quoted post is designed to pin an entire bear market's activity on the creation of a single protocol's AMM - which is obviously wrong
I've taken this persons propaganda graph and overlayed a few things which had a massive impact on the Pumpfun ecosystem:
1. The Trump launch, which saw immense levels of activity across the ecosystem and largely contributed to the blow-off top on Solana
2. 10/10, the worst liquidation event in crypto's history which had long, cascading effects across the ecosystem
3. Pumpfun's volumes
But my version of the graphic alone does not address the underlying claim: PumpSwap is far more extractive than OG Pumpfun (which used Raydium LPs)
Retweeted by @a1lon9 from @json1444