PANews reported on April 27 that Imran Khan, co-founder of Alliance DAO, wrote on the X platform: "A significant but often overlooked competition is quietly unfolding in the field of automated market makers (AMMs) - competing to become the de facto infrastructure for token launchpads. This includes providing differentiated bonding curves, anti-sniping mechanisms, and granular fee generation frameworks. If AMM can seize this market, it will build a considerable moat and generate considerable fee income. However, it remains to be seen whether becoming the de facto infrastructure of a token launchpad can bring lasting long-term advantages. AMM is likely to design mechanisms to bind these launchpads for as long as possible."