Highlight of the week: Though there has been a big decline in price, Vols have remained consistent. Efficient Frontier has traded ~$5m worth of SSV. We officially live in a simulation 
. Roaring Kitty and Gamestop are back! So memecoins are having a decent run
- It’s been a grim week for SSV as the token is down 15%.
- Many are experiencing declines, Lido for example is 18.9% down.
- Most of the bleeding came between the 10th and 11th of May. The fall in price coincides with a decrease in volume across the market
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
*The price movement and comparison can be referenced on CoinGecko under “How does the price performance of SSV Network compare against its peers?” SSV Network Price: SSV Live Price Chart, Market Cap & News Today | CoinGecko
- We’ve traded close $5m worth of SSV in the last week
- We continue to have 10% market share in the ByBit market.
Liquidity Snapshots
- Below is the average liquidity for the week. 2% = ±1%, 4% = ±2%, 8% = ±4%
Spreads for the previous week.
- This is the % of time EF kept spreads from bid-ask at 75bps or better.
Please follow market spreads either on the exchanges or Coingecko/Coinmarket cap to validate that our spreads are remaining below the agreed upon KPI
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 while remaining as transparent as we can with community members.