Uniswap Founder: Tokenization Will Reshape Market Making Landscape, AMM Still in Early Stages

Odaily News: Uniswap founder Hayden Adams stated that as real-world assets accelerate tokenization, the path for AMM to become the core trading engine of global financial markets is becoming increasingly clear. Blockchain can disaggregate the vertically integrated capital, execution, settlement, and other components of traditional market makers, enabling liquidity providers holding assets and asset issuers to participate in market making at lower capital costs.

Adams cited as an example that on Robinhood Chain, 10 tokenized stocks have formed Uniswap liquidity pools with SPY, generating approximately $33 million in cumulative trading volume within 12 days of launch. Some trades can be executed directly between different stocks without needing to go through the US dollar.

Adams stated that although Uniswap's cumulative trading volume has reached approximately $4.6 trillion, AMM is still in its early stages of development, with significant room for improvement in mechanism design and ecosystem development in the future.