Explore a 47-minute conference talk by Fayçal Drissi from the University of Oxford, delivered at the Fields Institute on May 8, 2025, examining the dynamics of price formation and equilibrium liquidity in blockchain systems. This presentation is part of the Workshop on Decentralized Finance and Market Microstructure, offering valuable insights into how blockchain technology influences market pricing mechanisms and liquidity conditions. Gain deeper understanding of the economic principles governing decentralized financial systems and their implications for market structure and efficiency.