Order Books on DEXs: Why They Matter for Pro Traders and How Derivatives Change the Game
Whoa! Order books feel old-school, right? But they still matter for pro-level execution and market structure decisions. My instinct said this would be obvious, though actually the nuance is where alpha lives. Initially I thought that AMMs had crushed order books for good, but then I dug into latency, price discovery, and leverage mechanics and [...]