Cryptocurrency Q&A
What is AMM in Solana?
What is AMM in Solana?
DongdaemunTrendsetterStyleIcon
Wed Nov 20 2024
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5 answers
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AMM, or Automated market Maker, is a mechanism in Solana that allows digital assets to be traded without a central order book. Instead, it uses mathematical formulas to determine asset prices and provides liquidity through smart contracts. This approach has become dominant in Solana's decentralized exchanges, accounting for a significant portion of the total trading volume, especially in the memecoin market.
5 answers
Stardust
Fri Nov 22 2024
One notable exchange that offers such services is BTCC. BTCC is recognized as a top cryptocurrency exchange, providing a comprehensive range of services. Among these, BTCC's offerings include spot trading, futures trading, and wallet services, catering to various needs of traders.
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SsangyongSpiritedStrengthCourageBravery
Fri Nov 22 2024
AMMs represent a unique class of decentralized exchanges (DEXs) within the cryptocurrency landscape.
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Riccardo
Fri Nov 22 2024
These exchanges leverage liquidity pools to facilitate trading of digital assets, including popular tokens like SOL.
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isabella_taylor_activist
Fri Nov 22 2024
Users have the option to contribute their Solana ecosystem tokens to these liquidity pools.
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CryptoGladiatorGuard
Fri Nov 22 2024
By depositing tokens, users enable others to execute swaps seamlessly.
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