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

Odaily Planet Daily News - Uniswap founder Hayden Adams stated in a post that as real-world assets accelerate tokenization, the path for AMMs to become the core trading engine of global financial markets is becoming increasingly clear. Blockchain can break down the vertically integrated components of traditional market makers, such as capital, execution, and settlement, enabling liquidity providers and asset issuers to participate in market-making at lower capital costs. Adams cited an example where 10 tokenized stocks and SPY have formed a Uniswap liquidity pool on Robinhood Chain, achieving approximately $33 million in cumulative trading volume within 12 days of launch. Some trades can be executed directly between different stocks without involving USD. Adams noted that although Uniswap's cumulative trading volume has reached approximately $4.6 trillion, AMMs are still in the early stages of development, with significant room for improvement in mechanism design and ecosystem growth in the future.