24 hours increase of 100%, understand ETH new ecological project ZAMM

Author: Patti, ChainCatcher

Edited by: TB, ChainCatcher

A new ETH protocol is quietly launching in the crypto community.

ZAMM (zenAtomic Market Maker) began to enter people's vision in crypto forums, and its related token $ZAMM has also begun to be frequently exposed in major communities.

According to $ZAMM Trading View data, $ZAMM has increased by more than 100% in the past 24 hours, with a current price of 0.00016 ETH, and a 24-hour trading volume of about 1317 ETH, while the increase is more than 40 times from $ZAMM's initial opening.

What is ZAMM?

Traditional AMMs mainly based on Uniswap have always troubled users and developers on the Ethereum main network with high gas fees, complex operating procedures and liquidity strategies such as high maintenance costs. On the Ethereum main network, liquidity providers (LPs) tend to provide passive ("full-range") liquidity, however, the complex contract structure and redundant operating processes of traditional AMMs have led to high liquidity management costs.

Based on insight into the current situation of high gas fees on Ethereum L1 layer, ZAMM (zenAtomic Market Maker) came into being.

According to the official white paper, ZAMM focuses on minimalism, using a single contract for token trading, liquidity management, and one-click issuance of coins to reduce the gas costs of the Ethereum main network. Through the ERC-6909 standard, ZAMM can encapsulate all tokens and liquidity positions in one contract, and users can quickly trade and create tokens.

Core architecture and technical highlights

Singleton Design

ZAMM adopts Singleton Design (single contract design), and each transaction pool exists in one contract without cross-contract calls, simplifying the previous Ethereum system architecture and reducing the complexity and gas consumption of contract interaction. When users conduct transactions, add or remove liquidity, they only need to interact with one contract. While lowering the operation threshold, they also improve the operating efficiency of the system.

Transient storage and chain multi-hop exchange

ZAMM introduced the Flash Accounting mechanism, using transient storage (EIP-1153) to realize chain multi-hop exchange, avoiding redundant external transfers.

In traditional multi-hop transactions, each step of exchange requires external transfer operations, resulting in a significant increase in gas fees. ZAMM's flash accounting mechanism allows transactions to be completed in an internal chain, reducing unnecessary intermediate steps and thus reducing transaction costs.

For example, in the multi-jump exchange between the three tokens A, B, and C, ZAMM can complete the entire exchange process at one time through internal credit transfer, saving gas costs .

Concentric Liquidity

In order to lower the threshold for participation of LP, ZAMM adopts the Concentric Liquidity model (that is, LP only needs to perform a deposit operation and can earn transaction fees permanently). At the same time, ZAMM provides a simple basic layer for policy construction. Other strategies can be built as layered contracts based on this basic layer, and also provides expansion space for complex transaction strategies.

According to the white paper, ZAMM mainly includes three functions:

• Token Exchange: Responsible for handling exchange operations between tokens.
• Liquidity Management: Used to manage liquidity, including operations such as adding and removing liquidity, and has a slippage protection mechanism.
• Token Factory: Provides functions provided by one-click token creation and liquidity, supporting multiple calls for a better user experience.

Or will it become Pumpfun, the mainnet of ETH?

After the gas problem that is expected to be plaguing ETH mainnet users, discussions about "ZAMM has the potential to become Pumpfun on the Ethereum mainnet" began to emerge.

Multiple alpha KOLs, including Laser Cat, compared ZAMM to the next solana ecosystem Pumpfun.

In fact, due to the low gas characteristics implemented by the ERC-6909 protocol, ZAMM does provide users with a more affordable trading environment, but currently ZAMM's page only has simple trading functions.

With the continuous optimization of platform functions, it is not ruled out that ZAMM will add data analysis tools such as K-line charts in the future, but whether it can become the "pumpfun of the ETH ecosystem" discussed by KOLs remains to be verified.

At present, ZAMM's official Twitter followers are only 1,677 people, and the founding team has not fully disclosed it yet. The entire project is in its super early stage and is constantly updating its functions. Its founder ross@z0r0zzz also maintains active responses in the community.

This article does not provide investment advice. Due to limited public information, please be careful to identify it.