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HomecryptocurrencyWhat Is An Automated Market Maker (AMM)? How Does It Work?

What Is An Automated Market Maker (AMM)? How Does It Work?

An automated market maker (AMM) is a decentralized trading protocol that allows users to trade digital assets directly on a blockchain without the need for a traditional order book or an intermediary. It is a key component of decentralized finance (DeFi) platforms and has gained significant popularity in recent years.

Who introduced Automated Market Maker (AMM)?

The concept of AMMs was introduced by Vitalik Buterin, the co-founder of Ethereum, in 2013. The first widely adopted AMM was Uniswap, which was launched in 2018 and operates on the Ethereum blockchain. Since then, several other AMMs have emerged, each with its own unique features and variations. Read More

Ruchi Tomar
Ruchi Tomarhttps://financiallanes.com
A full time blogger from last 1 year. experienced in content writing.
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