Uniswap founder Hayden Adams presented his arguments for why Automated Market Makers (AMMs) should be at the center of the tokenization wave sweeping global finance, as markets continue to evolve to meet the demand for perpetually available infrastructure.
Hayden's comments come as Uniswap actively seeks to capture a significant share in the race for tokenized stocks, which itself constitutes only a part of the real-world assets on-chain deposits approaching $4 billion, as Cryptopolitan reports.
Why the Uniswap Founder Believes Automated Market Makers Are Better Suited for Tokenized Markets
Adams' core thesis regarding blockchain technology and tokenized systems is that blockchains manage execution, storage, and settlement separately, whereas traditional market makers simply bundle them together.
According to Adams, instead of concentrating project participation in the hands of a few established companies capable of handling all the necessary vertical integration, blockchain technology lowers the barrier to market entry.
In the scenario described by Adams, Automated Market Makers (AMMs) are perfectly positioned, as they favor tightly correlated asset pairs where passive liquidity carries lower inventory risk while offering costs that are favorable compared to large professional trading venues.
Adams expects the migration of assets on-chain to continue into the future, which will naturally reorganize trading around correlated pairs, as well as several cross-chain routes, and expand market access. The Uniswap founder also expects passive AMM strategies to begin operating in the same direction as index funds.
Adams' initiative to introduce tokenized AMM platforms followed his January disagreement with AMM critics who labeled insufficient compensation for liquidity providers as a structural flaw. As Cryptopolitan reported at the time, the founder pointed to the growth of Uniswap pools as proof that AMM liquidity is easier to use as collateral than alternative options.
The Tokenized Asset Market Has Experienced a Real Explosive Growth
Hayden Adams' argument for AMMs (Automated Market Makers) is based on Risk-Weighted Assets (RWA) deposit data, which has grown approximately sixfold in twelve months — from $650.88 million to around $3.98 billion, according to DeFi data cited by Cryptopolitan on August 18.
The total issuance of tokenized securities in this sector reached $34.55 billion.
Uniswap itself is actively operating in the new global self-service and 24/7 availability market, announcing support for over 190 Robinhood stock tokens in its protocol, apps, and API as of August 13. One SPY tokenized token pair generated $33 million in 12 days.
Uniswap is also directly engaging with regulated issuers: in July, the company introduced Permissioned Pools, a Version 4 mechanism that restricts trading to wallets from an issuer's approved list, with tokenization companies Securitize, Superstate, and Dowgo named as launch partners.
However, the UNI token itself is not tracking this optimism. At the time of Adams' post, CoinMarketCap valued the token at approximately $3.25, with its market capitalization around $2.03 billion, significantly below levels seen earlier this year.
end-content
