According to CoinMeta, Hayden Adams, the founder of Uniswap, stated that the significance of tokenization lies not only in making transactions faster and cheaper but also in enabling different assets to directly form trading pairs on the same settlement layer, thereby facilitating the concentration of liquidity towards highly correlated assets. He believes that trading pairs such as NVDA / SPY or oil companies/oil ETF can significantly reduce the inventory and hedging costs for liquidity providers (LP), giving automated market makers (AMM) an advantage in large markets dominated by traditional market makers. To date, the 10 tokenized stocks on Robinhood Chain and the Uniswap pool on SPY have generated $33 million in trading volume within 12 days, with over 11,000 participants.