Imran Khan: AMMs are competing for dominance in Launchpads infrastructure.

Wu learned that Imran Khan, founding partner of Alliance DAO, pointed out in a post that Automated Market Makers (AMMs) are quietly entering into competition to dominate the infrastructure of token issuance platforms (Launchpads). The competition focuses on differentiated bonding curves, anti-front running mechanisms, and detailed fee frameworks. Successful AMMs are expected to establish moats and generate substantial income, but long-term advantages remain uncertain. AMMs are expected to design mechanisms to extend the bonding period with issuance platforms.