Vertex Protocol

Vertex Protocol

Derivative Trading Volume(24h)

$1,208,515,299.46

21,180 BTC

About Vertex Protocol

Vertex is a cross-margined decentralized exchange (DEX) protocol offering spot, perpetuals, and an integrated money market bundled into one vertically integrated application on Arbitrum.

Vertex is powered by a hybrid unified central limit order book (CLOB) and integrated automated market maker (AMM), whose liquidity is augmented as positions from pairwise LP markets populate the orderbook. Gas fees and MEV are minimized on Vertex due to the batched transaction and optimistic rollup model of the underlying Arbitrum layer two (L2), where Vertex’s smart contracts control the risk engine and core products.

Vertex is non-custodial, meaning users always retain control over their assets on-chain. Vertex boasts extremely low-latency trading and effective liquidity utilization across a broader range of DeFi assets as a byproduct of its hybrid orderbook-AMM design. The off-chain sequencer architecture also helps to minimize the Miner Extractable Value (MEV) characteristic of Ethereum L1 while enabling lightning-fast trading.

The integrated AMM is located on-chain – housed within the protocol layer. The on-chain AMM functions as the default state of the protocol controlled at the smart contract level, known as “Slo-Mo Mode.”

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Markets

Pair

All

#

Currency

Pair

Price

Index PriceBasis

Volume

Volume %

Funding rateOpen interestUpdated

1

Bitcoin

$56,937.01

$56,892.30

-0.08%

$622,389,378

51.43%

0.06%

** $10,970,437.22

Recently

2

Ethereum

$3,262.43

$3,260.22

-0.07%

$432,064,478

35.70%

0.06%

** $12,500,158.73

Recently

3

Solana

$110.54

$110.20

-0.31%

$10,226,315

0.85%

0.33%

** $3,776,299.84

Recently

4

Gala

$0.03406

$0.03398

-0.26%

$8,710,210

0.72%

0.13%

$73,611.34

Recently

5

Immutable

$3.3056

$3.3060

0.01%

$8,436,262

0.70%

0.07%

$193,483.68

Recently

6

NEAR Protocol

$3.9866

$3.9781

-0.21%

$7,118,732

0.59%

0.16%

$362,389.78

Recently

7

Cardano

$0.6256

$0.6251

-0.07%

$6,059,064

0.50%

0.09%

$377,700.18

Recently

8

Blur

$0.7392

$0.7384

-0.11%

$5,825,989

0.48%

0.31%

$835,255.25

Recently

9

Sei

$0.8969

$0.8954

-0.16%

$5,814,130

0.48%

0.38%

$873,942.85

Recently

10

Worldcoin

$7.8270

$7.8499

0.29%

$5,170,159

0.43%

0.07%

$359,983.51

Recently

11

Polygon

$1.0429

$1.0424

-0.04%

$5,020,538

0.41%

0.17%

** $1,333,741.52

Recently

12

Stacks

$3.1360

$3.1176

-0.59%

$4,900,192

0.40%

0.22%

$609,960.95

Recently

13

Dogecoin

$0.09775

$0.09725

-0.51%

$4,683,059

0.39%

0.34%

** $1,397,956.49

Recently

14

Optimism

$3.7754

$3.7793

0.10%

$4,583,643

0.38%

0.05%

** $651,803.17

Recently

15

Aptos

$9.9907

$9.9884

-0.02%

$4,160,020

0.34%

0.21%

** $429,352.87

Recently

16

Injective

$37.61

$37.54

-0.19%

$4,124,075

0.34%

0.18%

$628,002.55

Recently

17

Pyth Network

$0.7072

$0.7102

0.42%

$4,064,970

0.34%

0.08%

$278,016.72

Recently

18

Filecoin

$7.9468

$7.9272

-0.25%

$4,041,920

0.33%

0.26%

$574,582.89

Recently

19

Litecoin

$75.26

$75.20

-0.08%

$3,917,504

0.32%

0.09%

** $261,018.90

Recently

20

Cosmos

$11.03

$11.01

-0.18%

$3,874,851

0.32%

0.04%

$59,867.68

Recently

21

Maker

$2,160.05

$2,152.79

-0.34%

$3,785,984

0.31%

0.23%

** $633,234.32

Recently

22

Synthetix

$4.0056

$4.0036

-0.05%

$3,740,368

0.31%

0.15%

$288,768.31

Recently

23

Lido DAO

$3.5316

$3.5267

-0.14%

$3,590,874

0.30%

0.28%

$488,640.17

Recently

24

Bitcoin Cash

$308.43

$307.91

-0.17%

$3,501,634

0.29%

0.09%

** $184,223.12

Recently

25

dYdX (ethDYDX)

$3.5131

$3.5099

-0.09%

$3,289,854

0.27%

0.27%

** $760,866.11

Recently

26

Compound

$83.80

$82.74

-1.27%

$3,014,954

0.25%

0.13%

** $353,759.64

Recently

27

Arbitrum

$1.9296

$1.9263

-0.17%

$2,944,958

0.24%

0.10%

** $1,029,495.39

Recently

28

Curve DAO Token

$0.5908

$0.5915

0.11%

$2,917,353

0.24%

0.11%

** $240,568.72

Recently

29

Pepe

$2.1585

$2.1403

-0.85%

$2,910,438

0.24%

0.50%

** $493,336.17

Recently

30

Chainlink

$19.14

$19.09

-0.27%

$2,818,905

0.23%

0.25%

** $1,378,951.93

Recently

31

XRP

$0.5612

$0.5612

-0.01%

$2,789,989

0.23%

0.12%

** $207,519.05

Recently

32

ApeCoin

$1.9404

$1.9385

-0.10%

$2,571,388

0.21%

0.18%

$157,255.97

Recently

33

BNB

$397.07

$396.95

-0.03%

$2,557,410

0.21%

0.02%

** $555,276.03

Recently

34

Avalanche

$39.34

$39.25

-0.23%

$2,526,201

0.21%

0.13%

$662,721.04

Recently

35

Celestia

$17.33

$17.33

-0.02%

$2,358,756

0.19%

0.11%

$738,862.85

Recently

36

Jito

$2.4162

$2.4164

<0.01%

$2,306,622

0.19%

0.07%

$131,991.10

Recently

37

Internet Computer

$12.95

$12.95

-0.02%

$2,125,257

0.18%

0.16%

$546,724.28

Recently

38

Jupiter

$0.5115

$0.5116

0.02%

$1,681,950

0.14%

0.12%

$173,003.99

Recently

39

Sui

$1.6332

$1.6301

-0.19%

$1,459,076

0.12%

0.21%

** $499,367.67

Recently

40

Polkadot

$8.1433

$8.1328

-0.13%

$1,204,139

0.10%

0.08%

$142,008.50

Recently

41

TRON

$0.1421

$0.142

-0.07%

$874,091

0.07%

0.08%

$40,559.69

Recently

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