BTC
$106,809.07
-
0.87%
ETH
$2,445.00
+
0.31%
USDT
$1.0003
+
0.01%
XRP
$2.1754
-
0.38%
BNB
$652.36
+
0.50%
SOL
$151.16
+
0.24%
USDC
$0.9999
+
0.01%
TRX
$0.2774
+
0.59%
DOGE
$0.1626
+
0.46%
ADA
$0.5579
+
0.34%
HYPE
$39.19
+
1.90%
BCH
$504.63
+
2.86%
WBT
$45.32
-
4.28%
SUI
$2.7430
-
2.07%
LINK
$13.20
-
0.29%
LEO
$9.1366
+
0.10%
AVAX
$17.76
-
0.00%
XLM
$0.2340
-
1.14%
SHIB
$0.0₄1129
-
1.66%
LTC
$85.04
-
1.62%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Finance
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Stellar Validators Vote In AMM Integration That Could Boost Liquidity

In addition to an order book-based token router, the protocol now boasts a parallel automated market maker.

By Andrew Thurman
Updated Apr 10, 2024, 3:10 a.m. Published Nov 3, 2021, 5:21 p.m.
(Digital Art/The Image Bank/Getty Images)

In a protocol upgrade Wednesday morning, tokenized money transfer protocol Stellar has launched an automated market maker (AMM) that will operate alongside its order book-based router and matching engine.

The voted-in proposal could bring greater efficiency and utility by deploying a longtime staple of the decentralized finance (DeFi) world.

jwp-player-placeholder
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Stellar is a blockchain protocol designed to facilitate cross-border payments between different forms of tokenized money, such as digital dollars and tokenized gold. Until today, the protocol operated with an orderbook-style matching engine, connecting buyers and sellers of various tokens.

AMMs are a decentralized form of exchange pooling two assets, such as ETH and DAI, which automatically adjusts the price relationship between the assets based on trading volume. They are a particularly popular form of asset exchange in DeFi.

In an interview with CoinDesk, Stellar’s head of ecosystem, Justin Rice, said that the addition of an AMM at the protocol level was a popular ask among developers and users, and that the implementation takes cues from Ethereum-native AMMs such as Uniswap v2.

Users will now be able to deposit liquidity into pools for trading fees, and the implementation could prove to be a boon for market makers and arbitrageurs trading between prices on the order book and the AMM.

Additionally, Rice said that this integration will make adding new assets to the protocol easier, as AMMs allow long-tail or exotic assets to trade despite limited liquidity.

The AMM functionality went live at 11 a.m. Eastern time, or 15:00 UTC.

StellarDeFiAutomated Market Makers
Andrew Thurman

Andrew Thurman was a tech reporter at CoinDesk. He formerly worked as a weekend editor at Cointelegraph, a partnership manager at Chainlink and a co-founder of a smart-contract data marketplace startup.

X icon
CoinDesk News Image
Latest Crypto News
Assets

Price Chip Testing

Jun 27, 2025
Article image

Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135M

Jun 24, 2025
Article image

Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.51B Claim: “3AC Is Owed Nothing”

Jun 23, 2025
Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows

Jun 23, 2025
FastNews (CoinDesk)

[Test test ] translation without price widget

Jun 20, 2025
FastNews (CoinDesk)

[Test-C31-6047, FastNews] JPMorgan To Allow Clients To Buy Bitcoin, Says Jamie Dimon

Jun 20, 2025
Top Stories
Assets

Price Chip Testing

Jun 27, 2025
JPMorgan Chase CEO Jamie Dimon (Photo by Kevin Dietsch/Getty Images)

JPMorgan To Allow Clients To Buy Bitcoin, Says Jamie Dimon

May 19, 2025
Ethereum co-founder Vitalik Buterin (CoinDesk Archives)

Ethereum's Vitalik Buterin Proposes Design to Make Running Nodes Easier

May 19, 2025
A barman shakes a cocktail shaker with an array of drinks bottles behind him.

Crypto Daybook Americas: Bitcoin Whiplash Shakes Market as U.S. Yield Spike Threatens Bull Run

May 19, 2025
Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024 (CoinDesk/Shutterstock/Suzanne Cordiero)

The Bull Case for Galaxy Digital Is AI Data Centers Not Bitcoin Mining, Research Firm Says

May 19, 2025
Tokyo, Japan (Jaison Lin/Unsplash)

Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC

May 19, 2025

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • CoinDesk: Policy & Regulation
        • Consensus Hong Kong
        • Consensus Miami
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars
        Back to menu
        Webinars
        Select Language
        English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська ukDeutsch deNederlands nl