Decentralized exchanges do not typically run on an order book model. Instead liquidity providers allocate capital in specific price ranges that follow a determi

Decentralized exchanges do not typically run on an order book model. Instead liquidity providers allocate capital in specific price ranges that follow a determininistic price curve ratio and a simple formula is used to rebalance as traders swap between token pairs. See: https://medium.com/coinmonks/uniswap-v3-explained-57e0cdf86719 https://medium.com/coinmonks/uniswap-v3-explained-57e0cdf867...