Uniswap Founder: AMM outperforms order books in high and low volatility markets and popular tokens.

 Uniswap founder Hayden Adams posted on the X platform stating that he strongly opposes claims about the disadvantages of AMM (Automated Market Maker). Hayden Adams pointed out that in low volatility currency pairs, AMMs can provide stable returns for low capital cost investors, thereby weakening the competitiveness of professional market makers. In high volatility long-tail markets, AMMs are the only scalable option, and project teams or early supporters as liquidity providers (LPs) create liquidity more effectively than paying option fees to market makers.

Regarding the high volatility popular token market, Hayden Adams said that AMMs are continuously growing. Although order books are currently in the best state, the development of AMMs is still in its early stages. Through the Hook development of Uniswap v4, more profitable pools will be provided in the future. Hayden Adams believes that due to the advantage of low capital costs and liquidity being easier to combine and stake, AMMs will ultimately prevail in this field.