Hayden: The relevance of the trade will drive AMM to become the core engine of global financial markets

Hayden, the founder of Uniswap, wrote that the correlation deal was developing and that the AMM ' s path to global dominance was becoming clear. In 1976, when Jack Bogle launched the Index Fund, $11.3 million was raised, and now passive investments account for most of the assets of the United States Fund. The monetization has made the market programmable, and the cumulative trade volume of Uniswap has exceeded $4.6 trillion, and has contributed to an increase in the off-the-shelf trade share of the decentre exchange to more than 20 per cent. Traditional financial markets are dominated by market-based companies, and the Citadel Securities created $12.2 billion in net trading income last year with $21 billion in trading capital, and the block chain is breaking down this business bundle by introducing competition。