- By taking positions on both sides of the transaction, they help increase liquidity.
- Market makers like Wintermute act as a broker to facilitate these transactions.
winter season The official market maker of you can see The ecosystem, which will increase liquidity for the TRX coin used in the Tron blockchain project. Market makers play an important role in all areas of finance, including the cryptocurrency market. By taking positions on both sides of the transaction, they help increase the liquidity of currency pairs.
There is likely to be no ready buyer at the asking price when a cryptocurrency trader lists their coins for sale. With a lower price, it becomes easier to find a buyer to complete the deal. The term “spread” is used to describe the difference between the selling price and the buying price. A market with wide spreads is likely to be volatile and illiquid.
Help expand the Tron ecosystem
Market makers like Wintermute act as a middleman to facilitate these transactions, smooth out price fluctuations, and maintain a tight gap between the two tradable currencies.
B2C2, Alameda Research, Cumberland and Genesis Trading are among the competitors with similar offerings. These companies also require a small fee due to the risks inherent in carrying out these transactions. Many of these companies also promote their offerings on various DeFi networks.
According to David Meckley, Wintermute’s head of business development, the company will not only help make TRX more liquid, but will also help expand the Tron ecosystem. In terms of Total Locked Value (TVL) in Cryptocurrencies, Tron’s DeFi ecosystem is second only to Ethereum.
Blockchain Total Locked Value is a metric for calculating the total funding invested in all blockchain-based initiatives to date. At this time, $5.84 billion in TVL is distributed across the ten active Tron projects. There are 553 separate projects contributing to a total of $35.22 billion in Ethereum.
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