Selini Market Making Report August 21rst 2024

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Performance Summary - August, 21st 2024

SSV Token Performance Chart

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SSV Token Experiences Price Action and Volume

  • The SSV token has faced a downturn in recent trading, experiencing a 9.59% price drop over the past seven days. This decline has been accompanied by fluctuating trading volumes, ranging from $13 million to $35 million in notional trading volume per day throughout the week.

SSV Token Comparisons

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Bitcoin and Ethereum Experience Price Drops

  • Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, experienced declines this week. Bitcoin saw a 2.08% price drop, while Ethereum’s decline was more pronounced at 5.08%.

LDO and RPL Also Face Price Pressures

  • Other prominent cryptocurrencies, LDO and RPL, also faced downward pressure. LDO declined by 2.14%, and RPL experienced a 2.97% drop.

Liquidity Overview

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Liquidity Overview

Binance

  • Binance maintained a robust liquidity pool in the USDT trading pair. This deep liquidity ensured smooth trading and minimized price slippage for traders. However, the BTC pair exhibited thinner market conditions which we will continue to monitor.

OKX and Bybit

  • Both OKX and Bybit exchanges demonstrated efficient liquidity utilization relative to their trading volumes.

Gate

  • It’s worth noting that the liquidity data reported by Gate exchange might be inflated due to potential reporting issues.

Selini

  • Selini maintained a perfect 100% quoting uptime over the past week. This consistent performance is crucial for ensuring reliable and uninterrupted liquidity.

DISCLAIMER: INFORMATIONAL PURPOSES ONLY

The materials, charts and information contained herein have been prepared or assembled by the author and are intended for informational purposes only. Some of the information may be dated and may not reflect the most current developments. The information is not intended to be “live” and only represents a snapshot of the information currently available (such information may not be complete) to the author. The author and any affiliate of the author make no representation or warranty (whether express or implied) as to the accuracy of the information made herein. Any opinions expressed on or through this medium are the opinions of the individual author and may not reflect the opinions of the author’s affiliates or any other party.

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