1/ In the fast-changing world of DeFi, Vertex is emerging as a game-changer - a new DEX that doesn't compromise on capital efficiency, UX or self-custody.
But how does it compare to current market leaders; Binance, dYdX & GMX? You'd be surprised...
Lets dive in π§΅π
2/ When evaluating an exchange, we consider several metrics:
- Fees (cost of trading)
- Infra (AMM, CLOB, Markets, API etc)
- MEV & Frontrunning Resistance
- Cross-Margin & Capital Efficiency
So how do the competitors stack up?
3/ Binance (1/2)
Offering robust security, an array of markets, low fees, low latency, a CLOB, and API.
πΈ Fees:
- 0.10% for Spot.
- 0.02% / 0.04% maker/taker fees for Perps & Futures.
The downside? The above comes at a cost to self-custody and transparency π
4/ Binance (2/2)
Binance's latency is fast, just 5 milliseconds, faster than all other exchanges.
Cross-margin trading is also available, although for perps only, or spot only - but not both. Therefore, it falls short of universal cross-margin.
5/ dYdX (1/2)
A leading perps DEX, offering an off-chain CLOB, MEV resistance, and an API. V3 is built on Starkware, with V4 to release as a Cosmos appchain.
πΈ Fees:
- Free for the first $100,000 of 30 day volume.
- 0.02% / 0.05% maker/taker
This is cheap for a DEX!
6/ dYdX (2/2)
dYdXβs latency is about 1000 milliseconds. These are extremely low latencies for a DEX.
However, spot trading is unavailable on dYdX, so it does not support universal cross-margin.
7/ GMX (1/2)
A DEX on the Arbitrum & Avalanche.
While it stands out for zero-price impact trades, it falls short on a few fronts... no defense against MEV, lacks cross-margined accounts.
πΈ Fees:
- 0.2% to 0.8% for Spot
- 0.1% for Perps
Relatively high fees, ouch!
8/ GMX (2/2)
Despite this, GMX attracts traders with its high leverage, zero-price impact, and real yield opportunities.
However, its scalability is limited, and without an order book, API, or SDK, traders aiming to execute automated strategies face significant challenges.
9/ Enter the DeFi solution - Vertex ποΈ
This newcomer in the DeFi space seems set to disrupt the current landscape by aligning itself with the principles of decentralization, without compromising on efficiency, user experience, and self-custody.
10/ Vertex brings:
- Universal cross-margin accounts
- The lowest fees out of all exchanges presented here
- 15 millisecond latency (faster than any other DEX).
- API and SDK for automated traders
- Hybrid AMM and CLOB to get the best of both worlds
11/ Keep an eye on Vertex as it holds the potential to shift the status quo.
In a rapidly evolving world of DeFi, innovative platforms that truly embody the spirit of decentralization without sacrificing efficiency are the need of the hour.
blog.vertexprotocol.com/uncovering-the-ultimate-exchange-a-comparison-of-vertex-competitors/