Liquidity Fragmentation or Optimization? Analyzing Automated Market Makers Across Ethereum and Rollups

Krzysztof Gogol, Manvir Schneider, Claudio Tessone +1

Layer-2 (L2) blockchains inherit Ethereums security guarantees while reducing gas fees. As a result, they are gaining traction among traders at Automated Market Makers (AMMs), spar…