# Single-Maker Ethereum Venues Take Flow From Lagging AMMs, Study of 92,627 Trades Finds

On-chain venues priced by one market maker quoted inside the same block at narrow spreads during a month in which about $12.5 billion of leveraged crypto positions were liquidated.

- Published: 2026-11-02T05:45:39.855Z
- Canonical: https://polylog.news/crypto/2026-11-02/single-maker-ethereum-venues-take-flow-from-lagging-amms-stu
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Ethereum Research](https://ethresear.ch/t/propamm-fills-on-ethereum-mainnet-and-propamm-support-for-tembri-toolbox-same-block-quotes-a-small-spread-and-flow-taken-from-lagging-amms/26201), [Polylog editors](https://polylog.news)

A study posted to Ethereum Research examines PropAMMs, on-chain trading venues whose prices one market maker sets. The maker pushes its quote to the chain, and incoming trades fill against it. The author decoded 92,627 fills on nine Ethereu…

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