Top Results124 results
Beyond the $HYPE: An Objective Analysis of Hyperliquid
HL’s orderbooks embed custom logic that biases market makers over toxic takers resulting in tighter spreads...HLP vault; this provides both lucrative yield to passive LPs while concurrently enabling even tighter spreads...
17 Min
DeFi
Feb 2025
MegaETH: Performance to Compete With TradFi
This velocity can drive more efficient price discovery and tighter spreads, benefits that flow to all...directly perceptible to average users, this algorithmic activity has downstream effects of tighter spreads...on MegaETH, it allows market makers and HFTs to colocate with the sequencer, leading to much tighter spreads...
21 Min
Layer 2 / L2
Jan 2025
Beyond Latency: Solana, Ethereum and Hyperliquid  Competing on a New Front
Takers pay higher fees for sniping these orders, leading to wider spreads quoted by makers to protect...The result is that spreads for comparable trade sizes are often two to three times wider on-chain than...Traditional fee-based ordering creates a feedback loop where market makers widen spreads to compensate...
4 Min
DeFi
May 2025
Shuffle: Stacking USDC from Casino Profits While Awaiting Rerating
This creates room for discovery-driven upside as awareness spreads. ...
19 Min
Betting
Jul 2025
Prop AMMs: Conduits for OnChain Market Makers
Lower spreads = better liquidity = happy swappers But at the same time it’s… — Kulture ⚡ (@KultureElectric...MMs get to quote tighter spreads and users get better quotes and fills.
4 Min
AMM
Jul 2025
Something’s Gotta Give
Meanwhile, the US dollar just continues to march higher as weakness spreads abroad.
7 Min
Macro & Markets
Jan 2025
Elixir: Democratizing Liquidity Provisioning in the Age of Orderbooks
Thus far, according to Elixir, the network has been able to quote some relatively tight bid/ask spreads...Thus, Elixir is inherently unable to quote as tight spreads as traditional centralized market making...
14 Min
Orderbook
Oct 2024
The Fat App Thesis: An Inflection Point in Value Accrual
This is likely due to CoW Swap’s ability to provide better quotes and tighter spreads for larger transactions...
43 Min
Layer 1 / L1
Apr 2025
Plasma: Stablecoin Infrastructure & The Trillion Dollar Opportunity
As Tether’s issuance spreads across chains, the infrastructure supporting USDT is largely outside of...
28 Min
Infrastructure
Jun 2025
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
Borrowers paid lower rates since they weren’t subsidizing system-wide spreads. ...
26 Min
DeFi
Apr 2025
Fuel Network: Engineered Playground For The Next Generation Of Apps
A decentralized sequencer that spreads the workload across multiple validators, keeping things quick,...
30 Min
Infrastructure
Apr 2025
Livin' On A Prayer? - Market Update 4/6/2025
...the week includes core inflation rate data on Thursday and PPI at the end of the week High yield bond spreads...
3 Min
Macro & Markets
Apr 2025
Delphi's Market Matters - April 2025
Credit spreads are, are flying higher....And banks, uh, credit spreads are going up, so banks are tightening up their belts....going up, basically bond prices, sovereign bond prices going down, and that spills over into credit spreads...
73 Min
DeFi
Apr 2025
On-Chain Macro with Ostium
Fees are just 5bps per trade, a fraction of TradFi’s spreads and brokerage commission fees, though funding...
3 Min
Perpetual Futures
Mar 2025
Modular Lending Legos are Stacking Up
DeFi money markets typically maintain spreads between borrow and lending rates of 20-40%....In traditional finance, such spreads would be considered absurdly wide....position as collateral to borrow from a 3-month pool, effectively allowing users to trade interest rate spreads...
9 Min
DeFi
Feb 2025
The Year Ahead for DeFi 2025
...with financialized products here is always a way to hedge/arbitrage with spot/perps resulting in tight spreads...
72 Min
DeFi
Dec 2024
The Stablecoin Manifesto
They charge transaction fees and capture significant spreads on FX transactions (1-2%) for maintaining...
45 Min
Stablecoins
Nov 2024
What Could Go Right?: The Upside of Optimistic Future Outlooks in an Increasingly Nihilist Present
Optimism is contagious; it spreads through and lights up rooms.
13 Min
Artificial Intelligence
Jul 2025
The Fat Wallet Thesis
...is non-toxic retail flow (i.e., not CEX/DEX arb), LPs can theoretically quote traders with tighter spreads...
32 Min
Wallets
Oct 2024
The Inefficient Market Hypothesis
Bid/ask spreads of over 20%. Flawed model – The logistics of gift card exchanges aren’t easy.
43 Min
DeFi
Sep 2024