Uniswap founder Hayden Adams: AMM is coming to dominate the clear path of global financial markets

On 26 August, the founder of Uniswap, Hayden Adams, wrote that, as the real world asset (RWA) monetized, the auto-marketer (AMM) was coming to dominate the clear path of global financial markets. According to Adams, traditional marketers, through vertical integration, monopolize high-profits and pursue high-cost Delta neutral hedges, while block chains will be implemented, held and closed, significantly reducing the threshold for doing so. In the chain ecology, liquidity naturally tends to “relevance-to-relationships” (Correlated Pairs)” and requires only a few highly mobile “bridge-to-bridges” (e.g., SPY/USD, ETH/USDC) to connect to the dollar corridor. Because of the lower inventory risk borne by market traders holding related assets, passive AMM can replace the traditional high-cost market strategy with very low capital costs。