According to Wu Blockchain, data from Bater shows that Ethereum private MM (PMM) generated $13.6 billion in trading volume in September. Unlike Solana's prop AMM, Ethereum PMM operates entirely off-chain, only executing pre-signed quotes on-chain, significantly saving on gas fees. Users can only access it through aggregators for now. Currently, four entities—Wintermute, Symbolic Capital, Native, and 0xbee…000—account for 95% of PMM trading volume, with Wintermute dominating the space, while Native is the only company utilizing external LPs. Notably, PMM is primarily driven by large transactions of $100K, with an average trade size three times that of AMM. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50991