Solana’s Game-Changing AMMs Are Revolutionizing Liquid Asset Markets

Solana's proprietary automated market makers are tearing down traditional liquidity barriers—delivering unprecedented speed and efficiency that's leaving legacy systems in the dust.

The Architecture of Disruption

Built on Solana's high-throughput blockchain, these AMMs process thousands of transactions per second while maintaining sub-second finality. No more waiting for block confirmations or watching gas fees eat into profits.

Liquidity Reimagined

Fractional ownership meets instant settlement. Users access deep liquidity pools without the traditional intermediaries—cutting out the financial gatekeepers who've been skimming profits for decades.

Market Impact

Traditional market makers are scrambling to adapt as Solana's architecture bypasses their entire business model. The old guard's 2% spreads look downright predatory when compared to sub-0.01% fees on Serum and Raydium.

One cynical finance jab: Wall Street's still trying to figure out how to charge 20% management fees for this level of efficiency.

The future of liquid markets isn't coming—it's already here, running at 65,000 TPS while traditional finance debates whether blockchain is 'here to stay.'

Chris Chung, CEO and co-founder of Titan told me: “Initially, when prop AMMs first launched, you had to be integrated with all of them to even stand a chance of finding the best route due to their dominance. The first three (SolFi, ZeroFi and Obric) had a stranglehold over the market, but standard onchain AMMs could still compete.

“With the influx of many new prop AMMs, the market share of prop AMMs has continued to keep going up, but each successive one has seen less of an impact on a router’s success vs. its peers.”

Prop AMM dominance

Since January 2025, prop AMM volumes have consistently made up about 13% to 24% of monthly DEX volumes.

Isolating volumes data down to highly liquid trading pairs, like SOL-stablecoin, brings the growing usage of prop AMMs into clearer view.

For SOL-stablecoin volumes in the last week, prop AMMs are collectively processing ~53% ($7.42 billion) of all DEX volumes, per Blockworks Research data.

Blockworks Research data shows a similar story emerges on stablecoin pairs — SolFi and Obric together captured ~50% of the $1.1 billion in trading volumes over the last week.

And as expected, illiquid assets like memecoins are still traded on traditional AMMs (there’s a caveat, though: larger memecoins like POPCAT and Fartcoin are showing up on prop AMM routes).

Blockworks’ Carlos Gonzalez Campo predicts that tokens will increasingly bifurcate into traditional AMMs vs. prop AMMs based on asset maturity:

“On the one hand, long-tail assets (e.g. new memecoins) will be dominated by traditional AMMs like Raydium and Pump. On the other hand, it appears that prop AMMs like HumidiFi and SolFi will gradually dominate liquid markets (e.g. SOL-USD, stable-to-stable pairs).”

It looks like traditional AMMs will continue to power long-tail speculation and early price discovery as long as there’s demand to gamble on illiquid memecoins.

But for mature assets, liquidity is consolidating around AMMs that deliver tighter spreads and more predictable execution. The dominance of aggregators on Solana is steering its market structure toward a more efficient equilibrium where ideology matters less than fill quality.

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