March 29, 2021, 7:00AM EDT
• 9 min read

A quick look into liquidity providers

Quick Take

  • AMM is a logical step in the evolution of decentralized on-chain exchanges.
  • Uniswap and SushiSwap each have $4.5B+ of liquidity, which was mainly acquired through incentive programs.
  • Curve has a similar amount of liquidity but specializes in stablecoins.
  • Liquidity on Curve and SushiSwap is still backed by liquidity mining, which could complicate their existence after the Uniswap v3 launch.

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