Amms are revolutionary in the sense that one can now be a market maker twenty four seven. It their loquidityis posted a on the inter net, and anyone can buy herself from it. What what's actually happening is people arbitraging between the price on the m m and the price on essential exchange. For for paris like, like tokens, like smaller tokens, you may find that the price discovery is mainly occurring on unisa. But for a lot of other tokens, say ether itself, that something not occurring mainly on unis abit. Like coin bays, bitpinix and others....