Brief History
Orderbook, Automated Market Maker, Bancor, Uni, Curves, Copycat AMMs, Efficiency, Marginal Improvements
Current State
Uniswap clear leader, Balancer is tackling efficiency from another angle, Curve, Aggregators, other chains copy
What KPIs to look for?
Trading Volume (Trend) compared to other DEXs – especially trades routed to DEXs.
Future State
Innovation on Ethereum, top teams & projects are being integrated, liquidity still flexible but won’t switch all the time at some point because professionals won’t check new code every time and try to get new tokens.. but rather facilitate B$ trading every day..
