Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Uniswap founder clears the AMM vs Order Book debate
Uniswap founder Hayden Adams shared an important take today about why AMMs are not losing to order books.
He explained that in low-liquidity and small pairs, AMMs actually work better. They give steady returns to small liquidity providers and slowly reduce the advantage of big professional market makers.
For high-volatility and long-tail tokens, AMMs are basically the only system that can scale. Instead of projects paying high fees to market makers, early supporters and teams can provide liquidity themselves and earn more that way.
When it comes to big, popular tokens, AMMs are still growing. Order books work well right now, but AMM technology is still early. With upgrades like Uniswap v4 hooks, more efficient and profitable pools are expected in the future.
His main point: AMMs have lower costs, are easier to manage, and allow liquidity to be bundled and used as collateral. Over time, this could make AMMs the stronger system overall.
$UNI #cryptoupdate