What is an AMM in crypto?
Could you please elaborate on what an AMM stands for in the context of cryptocurrency? I've heard this term mentioned frequently but am still unclear on its precise definition and functionality. As a professional practitioner in the field of cryptocurrency and finance, I'm curious to understand how AMMs work and how they impact the market. Specifically, I'm interested in knowing how they facilitate trading, the advantages they provide over traditional methods, and any challenges or limitations that they might have. Any insight you can provide would be greatly appreciated.