The Book · 27 Jul 2026
Definition

Uniswap (AMM)

Uniswap is the primary public automated market maker on Robinhood Chain — around $43m of TVL and the large majority of the chain's spot DEX volume in early July 2026. An AMM prices swaps from a liquidity pool rather than an order book, so it is where Stock Tokens, USDG, and WETH find continuous onchain liquidity. Its dominance is a concentration fact worth watching, not a permanent one.

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