Did You Know?
BitShares DEXbot Liquidity Report on BRIDGE.RVN and BRIDGE.BTC
With 194 different accounts trading in the Bridge.RVN and Bridge.BTC market one can buy and sell up to $500 of either asset within 3.5% of the center price in the market. Generally, each order is worth about $91.67. Each account on average has 2.9 orders in the market. A closer look will show that some accounts run a staggered orders market making strategy. About 8 accounts average 30 orders each for a total of 240 orders, making up 43% of the 555 orders we looked at. About 130 or the 194 accounts only have a single order in the market.
This is all amazing as it happens on a decentralized exchange. BitShares is an exchange where you own the keys to your account. Both of these assets are Cryptobridge tokens. Cryptobridge is the largest and most active gateway onto the BitShares blockchain.
Currently, the price midpoint is 0.000003575 BRIDGE.BTC for one BRIDGE.RVN
This market is made up of two assets.
The first asset is BRIDGE.RVN which had a recent price of $0.033 and had a market capitalization of $213,604,622 with 23,026 accounts or people holding it. This market was ranked 6 on activity based on a 24 hour trading volume of $200,182.
The second asset is BRIDGE.BTC which had a recent price of $10,910 had a market capitalization of $7,778,744 with 55,305 accounts or people holding it This market was ranked 4 on activity based on a 24 hour trading volume of $254,051.
Generally, these numbers need to be taken with a grain of salt. The account numbers can include everyone who ever traded an asset and may need to be reduced by about 80 to 95% in order to get close to actual holders today.
These are the orders on the market.
You can get a better idea of liquidity with these charts.
We are looking at 255 buy orders and 300 sell orders for a total of 555 orders.
There are only 194 accounts trading in this market
That means each account on average has 2.9 orders.
So these reports are brought to you by Cryptick1, who is involved in the BitShares DEXbot Project.
BitShares is an exciting decentralized Block Chain Based Exchange.
Being Decentralized, things just sort of happen, people step up and do things as need may be.
These statistics are believed to be true, but there is probably some miscalculations in them please forgive me.
If you see a problem with the statistics let me know and I will try to hunt down the offending formula and calculations.
Most of the data in these reports comes from Cryptofresh.com, a BitShares blockchain explorer.
The main purpose of these reports is to help people understand the liquidity on the BitShares markets.
Your opinion is celebrated and welcomed, not banned or censored!