TechFlow news — Today, OKEx CEO Jay Hao posted on Weibo offering his thoughts on the currently popular Uniswap. He stated: "Regarding the recently trending Uniswap, I've been following it since the beginning of this year, primarily drawn by its elegant economic model: x*y=k. This allows Uniswap to facilitate cryptocurrency exchanges without relying on an order book, thereby achieving an Automated Market Maker (AMM) system. However, as the Western saying goes, 'A coin has two sides.' While Uniswap’s simple mathematical model brings many advantages, it also creates numerous hidden risks for its future development. First, Uniswap suffers from insufficient trading depth, making it unable to support large transactions. Second, the Uniswap platform itself cannot independently set prices and must rely on price feeds from other exchanges. Therefore, even though I greatly appreciate Uniswap's mathematical elegance, I have to say regretfully that Uniswap will hardly replace today’s mainstream exchanges."
In response, Xiangma, founder of Xici Hutong, commented that the future lies in a hybrid model combining Uniswap with an order book.
