Automated Market Makers (AMMs) increase market efficiency in several ways:

1. _Automation_: AMMs automate the process of matching buyers and sellers, reducing the need for manual intervention and increasing the speed of trade execution.

2. _24/7 Trading_: AMMs enable 24/7 trading, allowing buyers and sellers to trade at any time, without the need for manual intervention.

3. _Improved liquidity_: AMMs provide liquidity to the market, reducing the bid-ask spread and making it easier for buyers and sellers to trade.

4. _Faster price discovery_: AMMs help prices adjust quickly to changing market conditions, allowing for faster price discovery and more efficient markets.

5. _Reduced transaction costs_: AMMs reduce transaction costs by automating the trading process and eliminating the need for intermediaries.

6. _Increased transparency_: AMMs provide transparent prices and trading volumes, allowing market participants to make informed trading decisions.

7. _Improved market accessibility_: AMMs make markets more accessible to a wider range of participants, increasing market efficiency and reducing barriers to entry.

8. _Reduced information asymmetry_: AMMs help reduce information asymmetry by providing real-time prices and trading data, allowing all market participants to have equal access to information.

By increasing market efficiency, AMMs help reduce transaction costs, improve price discovery, and increase market accessibility, making markets more efficient and beneficial for all participants.