Given the weeks of positive momentum there was bound to be some sort of sell-off/profit taking but the positive news is that the market hasn’t dumped. We’re trading at levels much higher than what they were 12 weeks ago.
- SSV price has lost 8% in the last 7 days. The decline is inline with market movements.
A few notes to explain what you are seeing:
• “7d Avg Spread” is the average spread from the best performing spread market (Binance USDT pair).
• “4% Liquidity” is ±2% from midprice liquidity sitting in the books across all exchanges
• In the individual pairs, the “2% Liquidity” is ±1% from the midprice liquidity sitting in that individual pair
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This is the 3rd consecutive week that Efficient Frontier has been able to increase our market share on the Binance SSV/USDT and OKX SSV/USDT we’re doing 3.20% on Binance and 6.39% on OKX.
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Our increased market share shows that we are ready to support SSV trading in the good and the bad times.
Spreads for the previous week. -
This is the % of time EF kept spreads from bid-ask at 75bps or better. EFs uptime is better than last weeks ~98+%
This does not include liquidity & trading in the V3 pool
Our aim is to continue to incentive volume and sustained trading health in the SSV market.
