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BisonFi Surpasses Humidifi as Solana Prop AMM Volume Reaches $11.5 Billion

Solana-based proprietary automated market makers (Prop AMMs) hit a record $4 billion in daily trading volume, with BisonFi’s activity rising sharply from around $180 million since late December.

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Summary

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Terms & Concepts
  • Automated Market Maker (AMM): A decentralized trading protocol that uses liquidity pools instead of traditional order books to facilitate asset swaps automatically.
  • Solana: A high-performance blockchain known for fast transaction processing and low fees, supporting decentralized applications and financial protocols.
  • Proprietary AMM (Prop AMM): A trading system designed for a specific platform or exchange to provide liquidity through automated mechanisms unique to that ecosystem.