In today’s briefing:
- Comparing Liquidity on Uniswap and Binance
Comparing Liquidity on Uniswap and Binance
- Market depth is a widely used measure of liquidity, commonly calculated across the order books of cryptocurrency pairs on centralized exchanges (CEXes).
- It provides the amount of bids and asks at varying distances from the mid-price, encompassing a range from -0.1% to 10%.
- This chart shows cumulative ETH-USDT bid and ask volumes at various levels on the ten largest CEXes.
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