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2) Well, it's an AMM, built on Solana. So, sure, you can swap assets in a second with $0.00002 gas fees. And the blockchain can handle billions of trades per day.

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3) But it is more than that. Wee, you can use raydium.io/#/pool to add liquidity to the AMM, and you can use raydium.io/#/swap to trade. But you can also use dex.raydium.io/#/market/HZyhL to trade. That's an orderbook!

6:11 AM · Feb 22, 2021Twitter Web App

4) What's going on? Well, the AMM that people are providing in is sending orders to the DEX. The way that the AMM expresses X*Y=K is in how it sends those orders. I spaces them out so if you trade on the book, the DEX will auto-rebalance!

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5) Why is this better than just swapping? Well, right now, if someone goes to buy ETH/USDT on Sushiswap, Uniswap LPs can't provide to that. If someone buys ETH/USDT on 1INCH's DEX, neither can. Which is insane: they're all on the same L1! They're composable!

6) Right now if someone buys ETH/USDT on Sushi, they can't get Uni liquidity either! The whole point of DeFi is that we don't _need_ to have 1,000 completely unrelated protocols that can't share anything. LPs can't share orderflow, and takers can't share liquidity.

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7) If only.... If only there were some sort of financial instrument that could, you know... ...aggregate liquidity from different sources together... ...and allow takers to access all of the offers at once. Maybe even have an engine that could... match the makers and takers?

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