Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of...
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs Already, as a consequence of using the AMM, Uniswap’s September traded volume topped $15.4 billion, a figure nearly $2 billion ahead than that of Coinbase’s. Prior to the surge in the use of AMMs, order-books were used instead. The Consensys Defi report asserts....
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Automated market makers are a true public good in crypto, enabling genuinely decentralized trading 24/7 and supporting the wider DeFi ecosystems. But theyre not without a host of problems, writes digital economist and academic Christos A. Makridis.The decentralized finance (DeFi) market has surged since 2021, growing from just over $20 billion to nearly $160 billion as of March 2022, compared with a rise in the total cryptocurrency market from $433 billion to $2.5 trillion over the same period.While the recent crypto washout in the wake of the collapse of Terras LUNA and UST has caused the....
Solanax, the Automated Market Maker or AMM based on Solana blockchain, is making a difference in the decentralized finance or DeFi space due to its faster blockchain speed, better and simple interface, and low gas price. As a result, it continues to drive investors to its private sales. Automated market makers (AMMs) have come a […]
Automated market makers (AMM) are becoming more popular as innovation and development in decentralized markets continue to accelerate. In the past two years, the demand for alternatives to centralized exchanges has been growing exponentially with the introduction of “Know Your Customer” (KYC) regulations and the implied interest shown by the “Securities and Exchange Commission” (SEC) […]
Mike Belshe, CEO and co-founder of BitGo, explains how decentralized finance will disrupt traditional finance through use cases like automated market makers. The global decentralized finance (DeFi) market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions still tend to be unaware of DeFi’s potential. While this may be, industry experts within the crypto sector are predicting that decentralized finance will overtake traditional financial....
The Solana-based project is incentivizing automated market makers to interact with its order book across a range of trading pairs. Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem.The initial allocation was approved by Serum’s decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serum’s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum’s....