Hayden Adams 🦄
@haydenzadams
Invented the Uniswap protocol, Founder @Uniswap
677 Following 2.3M Followers
Uniswap CCA is continuing to attract verified token launches
And users are seeing the benefits:
"Cleaner than the usual race"
Uniswap stable hook is now being used to create pairs between Robinhood and Ondo tokenized stocks on Robinhood chain
Impact:
- more onchain liquidity for tokenized stocks
- users can LP to earn stable yield on stock tokens and profit from like-kind stock arb
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ATTENTION public company ceos
global distribution that unlocks new buyers and use cases is good
We took the logic of an aggregator and smushed it into a Uniswap v4 hook
Now we can route to external liquidity sources with our standard hook routing infra, while still burning UNI
With this integrated (+UniswapX), Uniswap api and apps are far and away the best aggregators on the market
Zero margin added to native Uniswap liquidity, by far largest source of onchain liquidity
Just a couple basis points of UNI protocol fees for any routes to external sources
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Excited to have this TSV collaboration between @ICE_Markets and @okx launching as a Uniswap v4 hook
v4 hooks are the ideal market structure for TSVs which will bring new assets and users to the protocol
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Incredibly exciting partnership
Global adoption of Uniswap as market infrastructure is happening today
Sometimes it’s hard to believe how far DeFi has come
Hooks are becoming one of the most active, and interesting, things happening on Robinhood Chain.
New apps, fee models, and liquidity logic — all built on top of them.
Permissionless by design, built with devs in mind.
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who's shipping hooks on robinhood chain?
The irony of all this is it’s framed as an ai risk that needs protection against. But think about what it really means
Our banking system is so unsustainable and extractive that the moment humans have smart ai bots advising them, the ai bots will recommend exiting banks and earning better yield elsewhere
Which makes most banks economically unviable
This isn’t AIs fault, it’s a risk of highly monopolized and extractive banking
And it’s fixed by decentralized finance + ai, where users decide what to do with their own assets and earn their own yield
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The chief economist at Apollo is warning that mass adoption of AI agents could trigger a bank run as they optimize user investments. Gary Gensler spent his last few years as SEC chair warning that the exact same problem will hit the markets: the pursuit of algorithmic perfection at scale destroys system stability. Personal-finance agents making simultaneous optimal decisions could potentially cause a massive flash crash.
Agent acausal coordination, with no messages passed between them, will show up in a lot of places. Markets will get the big headlines, but huge numbers of clever advisors making very similar choices will impact all of human society. Capability gains make this worse, not better. The smarter the agents, the narrower the optimal path; and knowing that other agents see that exact same path lets them move together without talking to each other. Agents do not need to collude to act in unison. Thus, they break no human laws by doing so. Human laws were not written for this. They were not written for a lot of what is coming, and it is about to start happening very fast.
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Some bangers from the SEC today:
1) buybacks do not make a commodity token into a security
2) liquid staking tokens for commodities are not securities
Not bad
.@Uniswap settled 140 million trades in August, more than Cboe BZX and NYSE American combined.
NYSE American has been around since 1908. Uniswap launched in 2018.
Five years ago it was ~2 million trades a month.
Next rung up: NYSE Arca, at 232 million.
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.@Uniswap settled 140 million trades in August, more than Cboe BZX and NYSE American combined.
NYSE American has been around since 1908. Uniswap launched in 2018.
Five years ago it was ~2 million trades a month.
Next rung up: NYSE Arca, at 232 million.
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chat is 99% market share high?
Uniswap holds over 99% of Robinhood stock token deposits in DeFi on Robinhood Chain
v4: $53M
v3: $25M
v2: $173.7K
Total deposits grew 532.8% over the past 30 days
For DeFi venues, Robinhood’s distribution is an opportunity to attract new users and earn more revenue
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Get ready to trade new larger- and Micro-sized Bitcoin Cash and Uniswap futures in our 24/7, CFTC-regulated marketplace.
Why should asset issuers create a liquidity pool on Uniswap?
"It's kind of like being listed on every exchange on earth at once"
Fun fact, the og owners of wanted 7 figures, but we refused to pay that amount
So SBF bought it (for 7 figures) and pointed it to a fork - I guess to flex / mess with us
This malicious use of the domain was enough for our legal team to get it for free
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READ: Commissioner @HesterPeirce's Statement on the SEC's "Innovation Exemption" ⬇️
The most bullish AMM news today is not the official statement, but the comment letter from SEC Commissioner @HesterPeirce that went along with it
“Truly decentralized systems that are driven by autonomous software… do not need need an exemption” (Aka normal permissionless Uniswap)
The exemption applies to permissioned pools on Uniswap v4, creating a pathway for compliant trading in the US for assets and users where this is needed
This can be incredibly useful for amm adoption, and we will be submitting a comment letter with proposed improvements
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Enjoyed this convo!!
Hayden Adams (@haydenzadams) sat down with Frank Chaparro (@fintechfrank) to chat about digitizing value and why tokenization is doing for assets what the internet did for information. They discuss AMMs, RWAs, correlated pairs, impermanent loss, Uniswap's evolution, and more.
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This week on @GSR_io’s The Crypto Tape:
Uniswap protocol has done $5 trillion in trading volume. But when I sat down with @haydenzadams at the RWA Summit in Brooklyn, he still talked about what Uniswap is building like it’s in the early innings.
We unpacked why Hayden thinks tokenization is really about the digitization of value, why automated market makers win on cost of capital rather than raw efficiency, and why he describes Uniswap as a liquidity network - not a decentralized exchange.
We also got into what Robinhood chain reveals about the growth of both RWAs and memes, where firms like GSR fit as automated market makers reshape liquidity, and the distribution flywheel that can make a Uniswap pool effectively “listed on every exchange at once.”
A wide-ranging conversation about where markets are heading and what the next generation of liquidity infrastructure could look like.
Episode drops tomorrow.
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