Uniswap founder sees AMMs entering global finance

Uniswap founder Hayden Adams has argued that correlated tokenized-asset pools could move automated market makers into global finance after 10 stock-SPY pools processed $33 million in 12 days. Summary Ten tokenized stock pools against SPY recorded $33 million in volume from over 11,000 traders. Uniswap has processed more than $4.6 trillion since its launch in 2018. Adams says correlated assets can reduce inventory risk and lower market-making costs. U.S. regulators are considering rules for continuous trading and blockchain-based securities records. Uniswap founder Hayden Adams, in an Aug. 18 blog post, said tokenization could change which trading pairs attract liquidity and who supplies the capital behind them. Adams has spent nine years working in decentralized finance and created Uniswap in 2018. The protocol has operated through smart contracts since its launch and has processed more than $4.6 trillion in cumulative volume, according to his post. During the same period, decentralized exchanges increased their share of centralized-exchange spot volume from below 1% to more than 20%, Adams said. He attributed part of that expansion to automated market makers opening markets for as...