Breaking Down Automated Market Makers (AMMs)
Automated Market Makers (AMMs) have emerged as one of the most transformative innovations in decentralized finance (DeFi). They are the engine that powers decentralized exchanges (DEXs) like Uniswap, SushiSwap, and Balancer, allowing traders to swap tokens without relying on traditional order books. This article provides an in-depth look at how AMMs work, benefits, challenges, and…