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PropAMMs on Ethereum vs Solana – market share, volume and asset pair breakdown
PropAMMs, active on‑chain market makers, hold ~14% of Ethereum volume (peaking 22% in August) versus ~36% on Solana, with $5 bn weekly volume on Solana versus $500 m on Ethereum. Stablecoin pairs dominate Ethereum PropAMM volume (60‑70%) but only 6‑12% on Solana. Native SOL/USDC accounts for ~70% of Solana PropAMM volume, while ETH/stablecoin makes up ~25% on Ethereum. Fermiswap leads Ethereum PropAMMs (~60% share) and BisonFi leads Solana (~40%). PropAMM fills on ETH, SOL and BTC trade pairs achieve tighter pricing than traditional AMMs, especially for trades over $100 k. Additional notes: Grayscale reports Bitcoin volatility fell to 43%, and Aptos tokenomics changes cut net supply growth by ~70% and increased gas burn to offset 10% of issuance.