EconomyPropAMMs cut Solana trading costs while public-pool returns plunge

A preprint covering Sept. 1, 2025, through Aug. 31, 2026, found that professional-operated propAMMs had a 0.26-basis-point reference-relative execution-cost proxy for quiet SOL/USDC trades, versus 2.59 basis points for public AMMs. But cheaper swaps do not establish positive liquidity-provider returns: stale quotes, arbitrage, asset exposure, fees and operating costs also matter, and the short sample cannot show that propAMMs caused aggregate passive-LP losses.

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CCryptoSlate★★☆☆☆2026-10-02 03:50Original