Hayden: Correlation trading pairs will drive AMM to become a core engine in global financial markets

Uniswap founder Hayden stated in an article that correlation trading pairs are forming, and the path for AMM to move towards global dominance is becoming clear. In 1976, Jack Bogle raised $11.3 million when he launched index funds, and now passive investment has dominated the majority of US fund assets. Tokenization makes the market programmable, and Uniswap's cumulative trading volume has exceeded $4.6 trillion, driving the proportion of spot trading volume on decentralized exchanges to over 20%. The traditional financial market is dominated by market making companies, with Citadel Securities generating $12.2 billion in net trading revenue last year with $21 billion in trading capital. Blockchain is breaking this business bundle by introducing competition.