Most of us are familiar with DeFi operating through AMM: liquidity pools, pricing formulas, slippage (slippage)… and consider it to be obvious. But in reality, AMM was not created because it is perfect, but because traditional blockchain is too slow to run order books truly on-chain.
When a block takes a few seconds to confirm, matching orders between buyers and sellers is nearly impossible. Therefore, AMM became an alternative solution.
But @fogo is changing that premise.
With a block time of about 40 milliseconds thanks to the Firedancer client, Fogo is fast enough to operate a true on-chain
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