*After 30-days of impressive gains (~37% price increase), SSV has experienced a sell off in the last week.
- The price has dropped ~7.3%
We’ve observed the 8th consecutive week of positive inflows into crypto, marking the most significant increase in volume since the FTX collapse. However, the inflows this week were a drop off from the previous 3 weeks.
There has been a decrease in the volume of SSV traded, Efficient Frontier have continued to keep our marketshare consistent so that we can support the market as much as possible.
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
As mentioned volumes have decreased. We’re keeping a close eye on the movements of volumes and keeping our market share consistent.
Marketshare for the previous week:
Spreads for the previous week.
This is the % of time EF kept spreads from bid-ask at 75bps or better. EFs uptime ~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.