Vertex, launched in April 2023 is a DEX on Arbitrum (Ethereum L2) offering a unique blend of speed (orderbook) and liquidity (AMM) for spot, perpetual, and money market trading. This translates to lower fees and efficient use of capital through cross-margin accounts. The protocol is designed to provide a faster, cheaper, and more scalable DEFI experience. It's powered by a native token, VRTX, which is used for governance and staking rewards
By analyzing key metrics across various tabs, users gain a deeper understanding of:
- $VRTX Token Performance: Track the price and potentially identify trading opportunities.
- Protocol Liquidity: Monitor Total Value Locked (TVL) to gauge the overall health and user confidence in the protocol. Analyze deposit and withdrawal trends to understand user sentiment.
- Trading Activity: Gain insights into the volume, types of trades (Perpetual and Spot), and Liquidation happening on the protocol. This can inform trading strategies and risk assessment.
- On-Chain Events: Analyze a comprehensive view of events logged on the Vertex protocol, including:
- Transfers: Track the movement of assets between accounts.
- Approvals: Identify delegated permissions for specific actions.
- Minting and Burning: Monitor the creation and destruction of $VRTX tokens and potentially identify supply dynamics.
Check out my X (Twitter) thread for more insights: Link