24-hour increase of 100%, understand the new ETH ecosystem project ZAMM in one article

Author: Patti, ChainCatcher

Editor: TB, ChainCatcher

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

ZAMM (zenAtomic Market Maker) is starting to enter people's sights in crypto forums, and its associated token $ZAMM is also frequently appearing in various communities.

According to $ZAMM Trading View data, $ZAMM has increased by over 100% in the last 24 hours, currently priced at 0.00016 ETH, with a 24-hour trading volume of approximately 1317 ETH, and has risen over 40 times from its initial opening price of 0.0000036 ETH.

What is ZAMM?

Traditionally, the Uniswap-dominated AMM has troubled users and developers on the Ethereum mainnet with high gas fees, complex operational processes, and high maintenance costs for liquidity strategies. On the Ethereum mainnet, liquidity providers (LPs) tend to provide passive ("full range") liquidity; however, the complex contract structures and redundant operational processes of traditional AMMs lead to high liquidity management costs.

Based on insights into the high gas fee situation on Ethereum L1, ZAMM (zenAtomic Market Maker) was born.

According to the official white paper, ZAMM focuses on minimalism, using a single contract for token trading, liquidity management, and one-click token creation, reducing gas costs on the Ethereum mainnet. Through the ERC-6909 standard, ZAMM can encapsulate all tokens and liquidity positions within a single contract, allowing users to trade and create tokens quickly.

Core Architecture and Technical Highlights

Singleton Design

ZAMM adopts Singleton Design, where each trading pool exists within a single contract, eliminating the need for cross-contract calls, simplifying the previous Ethereum system architecture, and reducing the complexity and gas consumption of contract interactions. Users only need to interact with one contract when trading, adding, or removing liquidity, lowering the operational threshold while improving system efficiency.

Flash Accounting and Chained Multi-hop Swaps

ZAMM introduces a Flash Accounting mechanism, utilizing transient storage (EIP-1153) to achieve chained multi-hop swaps, avoiding redundant external transfers.

In traditional multi-hop transactions, each swap step requires an external transfer operation, significantly increasing gas fees. ZAMM's flash accounting mechanism allows transactions to be completed internally in a chained manner, reducing unnecessary intermediate steps and thus lowering transaction costs.

For example, in a multi-hop swap between tokens A, B, and C, ZAMM can complete the entire swap process at once through internal credit transfer, saving gas fees.

Concentric Liquidity

To lower the participation threshold for LPs, ZAMM adopts the Concentric Liquidity model (where LPs only need to make a single deposit to earn trading fees permanently). At the same time, ZAMM provides a simple foundational layer for strategy building, allowing other strategies to be constructed as layered contracts, also providing expansion space for complex trading strategies.

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

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

Could it Become ETH Mainnet's Pumpfun?

After the potential to solve the gas issues troubling ETH mainnet users, discussions about "ZAMM having the potential to become the Pumpfun on the Ethereum mainnet" have begun to emerge.

Several alpha KOLs, including Laser Cat, have compared ZAMM to the next Pumpfun of the Solana ecosystem.

In fact, due to the low gas characteristics achieved through the ERC-6909 protocol, ZAMM indeed provides users with a more affordable trading environment, but currently, ZAMM's page only has basic trading functions.

As the platform's functions continue to be optimized, it is possible that ZAMM will add data analysis tools such as candlestick charts in the future, but whether it can become the "pumpfun of the ETH ecosystem" discussed by KOLs remains to be seen over time.

Currently, ZAMM's official Twitter has only 1,677 followers, the founding team has not been fully disclosed, the entire project is in the ultra-early stage, and it is continuously updating its functions. Its founder ross@z0r0zzz is also actively responding in the community.

This article does not constitute investment advice, and due to limited public information, please exercise caution in your assessments.