Automated market makers are a true public good in crypto, enabling truly decentralized trading 24/7 and supporting broader DeFi ecosystems. But they are not without a host of problems, digital economist and scholar Christos A. Makridis writes.
The decentralized finance (DeFi) market has grown strongly since 2021, growing from just over $20 billion to nearly $160 billion by March 2022, compared with the overall cryptocurrency market growth since $433 billion to $2.5 trillion over the same period.
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