TLDR Tech / Crypto
BaiBai Launches First PropAMM Platform on Base
BaiBai is the first PropAMM (Proprietary Automated Market Maker) platform on Base. It enables professional market makers to update pricing, depth, and inventory onchain tens to hundreds of times per second, a strategy that already dominates Solana DEX volume but has been blocked on EVM chains by expensive storage writes and toxic order flow outpacing stale quote updates. BaiBai is built on Spire Labs' Pylon, a high-performance EVM appchain providing dedicated maker blockspace with cheap price-curve updates, instant block times, and full synchronous composability to the Base settlement chain without requiring users to bridge assets. Pylon's custom sequencing rules place maker updates at the top of each block while imposing a speed bump on toxic flow, directly addressing the front-running problem that has prevented PropAMMs from functioning on EVM. BaiBai also operates as a smart liquidity router, filling a portion of orders against its own quotes and routing the remainder to external liquidity, targeting tighter spreads than centralized exchanges on Base for market makers, aggregators, solvers, and sophisticated traders.
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