Automated Market Makers (AMMs) are decentralized trading protocols that allow users to trade cryptocurrencies without the need for a traditional order book. Instead of matching buyers and sellers, AMMs use smart contracts to create liquidity pools, where users can deposit their assets. These pools determine prices based on supply and demand, enabling seamless trading. AMMs are commonly used in decentralized finance (DeFi) platforms, such as Uniswap and SushiSwap. They empower users to earn fees by providing liquidity and eliminate the need for intermediaries, making trading more accessible and efficient for everyone involved.