to be more specific
probably 1 or 2 aggregators will dominate 90% of the aggregator market volume
small traders might still go directly to individual AMM front ends because of gas optimization
but do such small value txs even matter in the bigger picture? imo, not really
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i think AMMs will be fragmented based on what type of pairs their design optimizes for, so it becomes an LP decision, not a user decision
users will just use aggregators
imo larger users really dont care about gas optimization, tx fees are just the cost of doing business
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One thing that I think is cool -- you can aggregate all AMMs naively together by having them all achieve their curves by providing in the same orderbook.
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so imagine that instead of going directly to an AMM:
1) AMM wants x*y=k; so the AMM places offers out to mimic that curve; same with bids
2) when an offer gets filled, it replaces with a bid, and vice versa
3) to trade on the AMM you just trade on the orderbook
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Sounds cool. But eth network clogging can be fatal to this design? Could sth like this be built at l3 level maybe?
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I never think the fee is the fee the most important factor(not saying it is not important). The speed of transaction is probably more crucial in this case?
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And it can take something like 10,000 orders per second