Not every market is created equally
TLDR: @ventuals market is barely tradeable , @tradexyz has at least 100x more liquidity
an illiquid perp market is a death sentence, you will get liquidated
@sportytechworld@coinage_x_daic@ventuals exactly, we did a deep dive comparing ventuals vs tradexyz liquidity, there is a HUGE difference
https://t.co/DOYJ7aNsue
Key Takeaways for traders
- DYOR on deployer's oracle setup and check order book liquidity before you size up
- An illiquid orderbook increases the chance of a scam wick liquidation
- Depth vanishing is the kill signal. Get out
Before the stock opened, CBRS on @HyperliquidX was already clearing real risk.
$157.60M traded from IPO pricing evening to public open.
Real price discovery was happening fully permissionlessly on-chain for everyone to see
A pre-IPO ticker is not the product.
The product is the market turning private-company debate into prices, fills, and risk transfer.
CBRS showed IPO event-risk transfer before Nasdaq opened.
@tradexyz SPCX is already pricing the SpaceX valuation debate before public equity trading exists.
79.2% maker-volume share means the rewarded makers were not just posting decorative depth
They were risking capital with tight liquidity that traders actually hit
For a new market, that matters because rewards should favour liquidity that improves the market's tradeability
Liquidity rewards should not pay for capital sitting idle on a book
They should pay for useful quoting behavior:
- tight spreads
- depth close enough to trade against
- maker fills
- reliable uptime
In ZAMA/USDC Epoch 6, our Marina makers filled 79.2% of maker volume
That's efficient rewards resulting in genuinely tradeable markets