According to CoinMeta, a report published by DWF Ventures states that professional market-making AMM (propamm) has accounted for approximately 15%–27% of the daily trading volume on the chain, with peaks near 30%, of which about 90% is concentrated in Solana. In the Jupiter route's SOL-stablecoin transactions, over 90% are processed by propamm. The report suggests that the low transaction costs, high-frequency pricing, and real-time re-pricing within blocks of Solana allow professional market makers to narrow price spreads and reduce losses from outdated quotes. However, propamm has not yet replaced traditional AMM. For newly listed tokens with low liquidity, traditional AMM can create markets without the need for oracles, pricing models, or professional market makers, thus still holding an advantage. Stablecoin transactions also show differentiation: propamm accounts for nearly 30% of Solana, but on Ethereum, trading is still mainly dominated by traditional Uniswap, Curve, and others.