Markets News Report
March 12, 2024

Vertex Protocol Launches Cross-Chain Liquidity and Orderbook Platform Vertex Edge

In Brief

Vertex Protocol launched its Synchronous Orderbook Liquidity product Vertex Edge, to unify liquidity across EVM-compatible blockchains.

Vertex Protocol Launches Cross-Chain Liquidity and Orderbook Platform Vertex Edge

Decentralized exchange (DEX) on Arbitrum — Vertex Protocol (VRTX) today announced the launch of its Synchronous Orderbook Liquidity product Vertex Edge. The debut of Edge coincides with the rollout of Vertex’s first cross-chain instance Blitz, constructed on the Ethereum L2 network Blast.

Vertex initially debuted on Arbitrum Mainnet in April 2023 and has since established itself as a top 5 DEX based on average daily trading volume across spot and perpetuals. Vertex Edge enhances the Vertex sequencer, a potent matching engine with on-chain settlement, to unify and share liquidity across all supported EVM-compatible blockchains.

Edge efficiently matches inbound orders from one chain with the combined liquidity profile from all base layers connected to the Vertex sequencer, transitioning on-chain settlement from one chain (Arbitrum) to multiple chains within a unified liquidity layer at the sequencer level.

“Vertex Edge harmonizes liquidity between disparate blockchains, while also allowing for greater capital efficiency, deeper liquidity, and distinct features, such as a single USDC deposit interest rate, across all Vertex Edge instances. We’re primed to continue innovating throughout 2024 and support more EVM-compatible chains beyond Blast,” said Alwin Peng, co-founder of Vertex.

In less than a year since its mainnet launch on Arbitrum, Vertex has witnessed aggregate trade volumes surpassing $50 billion. This momentum carries forward into Vertex’s inaugural instance, Blitz, a high-performance DEX for spot and perpetuals trading deployed on the Blast L2 network.

The Blitz instance represents the first utilization of Edge for unified cross-chain liquidity, granting Blast users access to Spot and perpetuals trading across over 30 markets; 0 bps for makers across all markets and 2 bps for takers; Low-latency order matching execution; Unified cross-margin and Shared liquidity across Arbitrum and Blast.

“The launch of Vertex’s pioneering cross-chain instance, Blitz, marks a defining moment for the DEX and the broader crypto community. Blitz unleashes the full potential of Vertex’s performant trading engine and unlocks a multi-chain future where liquidity among chains is no longer fragmented,” said Darius Tabai, Co-Founder of Vertex Protocol.

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About The Author

Victor is a Managing Tech Editor/Writer at Metaverse Post and covers artificial intelligence, crypto, data science, metaverse and cybersecurity within the enterprise realm. He boasts half a decade of media and AI experience working at well-known media outlets such as VentureBeat, DatatechVibe and Analytics India Magazine. Being a Media Mentor at prestigious universities including the Oxford and USC and with a Master's degree in data science and analytics, Victor is deeply committed to staying abreast of emerging trends. He offers readers the latest and most insightful narratives from the Tech and Web3 landscape.

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Victor Dey
Victor Dey

Victor is a Managing Tech Editor/Writer at Metaverse Post and covers artificial intelligence, crypto, data science, metaverse and cybersecurity within the enterprise realm. He boasts half a decade of media and AI experience working at well-known media outlets such as VentureBeat, DatatechVibe and Analytics India Magazine. Being a Media Mentor at prestigious universities including the Oxford and USC and with a Master's degree in data science and analytics, Victor is deeply committed to staying abreast of emerging trends. He offers readers the latest and most insightful narratives from the Tech and Web3 landscape.

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