Crypto Market Update | What are AMMs and what is their future?
Crypto Market Update for May 8th, 2021
Elon Musk is on Saturday Night Live Tonight Playing the Doge Father. Bitcoin is climbing back up to $60k. What are AMMs and what is their future?
An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.