Proprietary AMMs on Monad: Explore the Data
Monad Foundation
@monad- Published on
- · 2 min read
Proprietary AMMs (propAMMs) are growing rapidly on Monad, with more than $500M in volume traded. mpamm.wtf is a live, open-source dashboard that tracks and measures propAMM activity across the ecosystem: spreads, markouts, flow, and even each venue's gas consumption. It was built by Haythem, an engineer at Category Labs.
What's a propAMM? A pool where a maker — or the oracle it anchors to — sets the price, continuously repricing its liquidity from an off-chain source. Unlike a passive AMM, which prices off a fixed curve that only moves when someone trades against the pool, a propAMM can adjust to off-chain information, avoiding arbitrage flow and consequently quoting more tightly.
Execution — live MON/USDC quotes and spreads across venues, benchmarked against the CEX book.
The dashboard has four views:
- Execution: real-time quotes and spreads for trade sizes from 100k, benchmarked against the most liquid CEX book at the same size, with taker fees on.
- Markouts: how each executed swap price compares to the CEX mid at 0, 5, 10, 30, and 60 seconds after the trade.
- Volume: full venue-lifetime history replayed from the chain: more than $500M in notional across over 1.13M indexed swaps.
- Quote-update burn: propAMMs pay gas to keep their quotes fresh, and the dashboard tracks each venue's keeper burn.
Markouts — every executed swap measured against the CEX mid at 1, 5, 10, 30, and 60 seconds.
mpamm.wtf is fully open source, and a new venue can be added with a single adapter. If you run a propAMM on Monad, add your venue.