According to CoinMeta, Hayden Adams, the founder of Uniswap, stated that with the tokenization of real assets, the path for AMM to become the core trading engine of the global financial market is clear. Blockchain breaks down the traditional roles of market makers in terms of capital, execution, and settlement, allowing liquidity providers and asset issuers to participate in market making at lower costs. Ten tokenized stocks on Robinhood Chain and SPY together form a Uniswap liquidity pool, which has seen approximately $33 million in cumulative transactions in just 12 days, with some trades being able to be completed directly between different stocks. Although the cumulative trading volume of Uniswap has reached about $4.6 trillion, AMM is still in its early stages of development, and there is room for improvement in terms of mechanism design and ecosystem in the future.