Constant Product AMM Simulator
Learn how the x × y = k formula powers decentralized exchanges like Uniswap
Bonding Curvex × y = 10,000
The dot shows current pool position. Execute swaps to move along the curve.
Pool State
Reserve Token A
Reserve Token B
Constant (k = x × y)10,000
Current Price1.0000 USDC/ETH
Swap Simulator
Balance: 100.00 ETH
ETH
9.0909
USDCPrice Impact10.00%
Expected Output10.0000
Slippage Loss-0.9091
Why AMMs Matter in DeFi
AMMs eliminated the need for centralized intermediaries in token trading, enabling permissionless and 24/7 liquidity. Protocols like Uniswap, SushiSwap, and Curve collectively handle billions of dollars in daily trading volume. Understanding how AMMs work is essential for anyone building or participating in decentralized finance.