The growth in Defi is majorly driven by AMMs, the concept of bonding curve has transformed how an exchange works or how people trade. The adoption that we have seen over decentralized exchange after Uniswap is immense, attracting traders to swap their tokens on such platforms. The growth is not over yet! AMMs are still a baby, as more and more people are coming over crypto, the demand for such platforms is increasing, while layer two chains are perfecting such platforms by providing cheaper and faster transactions.
YNOT finance is another milestone for an AMM, it enhances the flexibility of providing liquidity and managing LP positions according to the market.