The 2% market depth provides a measure of the liquidity for bitcoin and ether.
dYdX announced last month that it will postpone its token release.
The cryptocurrency market is going through an “Alameda gap,” where several projects are delaying their token releases. It is because of the lack of liquidity despite rising bitcoin (BTC) and ether (ETH) prices.
The number of new coin applications decreased during 2022, from 10,264 in the first quarter to 6,350 in the fourth, according to reports. After the collapse in November of the cryptocurrency exchange FTX and its sister company Alameda Research, the decline quickened towards the end of the year. Before closing down, Alameda was one of the biggest market makers. That supplying tokens with billions of dollars worth of liquidity for both large- and small-cap tokens.
The 2% market depth provides a measure of the liquidity for bitcoin and ether. When liquidity decreases, it becomes challenging for traders to carry out large orders with
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