Haedal launches its own AMM engine, Haedal PropAMM

Foresight News reports that the capital efficiency layer protocol Haedal on Sui has launched its proprietary market making engine, Haedal PropAMM, driven by quantitative market making strategies. It aims to more flexibly capture on-chain volatility and convert trading flows into continuous protocol revenue. This product operates in parallel with Haedal’s existing market making product, HMM. While HMM conducts active market making based on oracle pricing, Haedal PropAMM adds a more flexible proprietary strategy layer on top, designed to handle Sui on-chain trading flows from mainstream aggregators and trading entry points.

Haedal cited data from Jump Crypto, stating that in March of this year, the leading PropAMMs on Solana processed a trading volume of $19.87 billion on the SOL/USDC and SOL/USDT pairs, which is comparable to the total trading volume of SOL/USD pairs on certain exchanges during the same period. According to public market data, PropAMM models currently process about half of the total DEX trading volume on Solana, and on Base, approximately 40%-50% of the trading volume via the 0x Swap API is also routed through PropAMM.