Share this article
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.
Updated Apr 10, 2024, 3:10 a.m. Published Nov 3, 2021, 5:21 p.m.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
