The reception from projects and MMs has been unbelievable.
12 MMs have already integrated Coinwatch Track, with more on the way.
The MMs below are pioneering a new standard of radical transparency - give them their flowers:
Amber @ambergroup_io
Ampersan @AmpersanCrypto
Auros
Most projects hire market makers but then have zero visibility into what their MMs are doing.
Projects ask:
“There’s $1M in the order book on Binance, but how much of that is my MM?”
“Did my MM just sell all their tokens at launch?”
“Price is going down. Is my MM quoting any
That’s why we built Coinwatch Track.
Coinwatch Track gives projects real-time visibility into their MMs’ trading activity - depth (buy and sell orders) and spread streamed, volume traded.
Behind the scenes, we obtain the data using market maker API keys, which ensures that the
Wake up fam, new Coinwatch FUD just dropped:
"Coinwatch is just an advisor. Probably licensing some third party tech"
Not true. All our tech is built in-house.
Our CTO Brian ran engineering at AngelList and co-founded CoinList, which custodied billions of dollars in customer
The most common question we get is, “How the heck did you convince MMs to give you their API keys?”
The answer is that we didn’t. MMs don’t give us their API keys.
Instead, we use trusted execution environments (TEEs).
The API keys never leave the TEE, allowing us to preserve
A bit about Coinwatch:
We're a team of 9, focused on establishing better standards for the crypto MM industry. We've helped 70+ projects negotiate better MM deals.
Optimism, Sui, Jito, Morpho, Aptos, LayerZero, dozens of others.
For more never-before-seen data on MM behavior,
And projects can start getting answers to the questions that keep them up at night:
“There’s $1M in the order book on Binance, but how much of that is my MM?”
=> CW Track will show you this exactly
“Did my MM just sell all their tokens at launch?”
=> CW Track will show you
Want to learn more?
Fill out this form and we’ll be in touch: coinwatch.co/track/learn-mo…
We’re onboarding more MMs every week, so fill out the form even if your MM isn’t listed above. We’ll ping you when they’re ready.
And btw - You can use Coinwatch Track even if we didn’t
"Market makers have a bad reputation. Do I even need one? How much depth do they actually provide?"
To find out, we picked a well-known token and turned on Coinwatch Track.
Turns out that ~85% (!!) of the depth is being provided by MMs.
MMs are often portrayed as villains, and it's true that sometimes they aren't doing much good.
But other times, MMs are working hard, providing the bulk of a token’s liquidity.
The only way to know the difference is to track them.