Which cryptocurrencies are commonly traded using AMMs?
Andrey RosaMay 03, 2022 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are commonly traded using Automated Market Makers (AMMs)?
3 answers
- May 03, 2022 · 3 years agoSure! Some of the most commonly traded cryptocurrencies using AMMs include Ethereum (ETH), Binance Coin (BNB), Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), and Curve Finance (CRV). These cryptocurrencies have a strong presence in the DeFi space and are often used as liquidity providers in various AMM protocols.
- May 03, 2022 · 3 years agoWhen it comes to AMMs, Ethereum-based tokens dominate the market. Tokens like DAI, USDC, and WBTC are also frequently traded using AMMs. However, it's important to note that the availability of cryptocurrencies on AMMs may vary depending on the specific platform or exchange you're using.
- May 03, 2022 · 3 years agoAMMs have gained significant popularity in the decentralized finance (DeFi) ecosystem. They provide a seamless and efficient way to trade cryptocurrencies without relying on traditional order books. Platforms like BYDFi offer a wide range of cryptocurrencies for trading using AMMs, including popular tokens like Ethereum, Binance Coin, and many others.
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