Centralized exchanges play an important role in the cryptocurrency industry. While decentralized exchange counterparts have been growing in popularity and usage since 2020. The overwhelming majority of crypto trading volume is still concentrated on centralized exchanges. AMMs are the latest prominent breed of DEX protocols. They do not rely on order books like regular exchanges but instead use mathematical formulas to calculate the price of assets. In the current DeFi landscape, the three most dominant AMM protocols are Uniswap, Curve and 1inch Network.”]