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Which cryptocurrencies are commonly traded using AMMs?

avatarKamran MirJan 12, 2022 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that are commonly traded using Automated Market Makers (AMMs)?

Which cryptocurrencies are commonly traded using AMMs?
Cryptocurrencies
AMMs
Trading

3 answers

  • avatarJan 12, 2022 · 3 years ago
    Sure! 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.
  • avatarJan 12, 2022 · 3 years ago
    When 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.
  • avatarJan 12, 2022 · 3 years ago
    AMMs 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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