Understanding Vertex: A Comprehensive Overview

The total supply of VRTX tokens is fixed at 1 billion. Of these, 91.85% will be distributed over more than five years, with the following allocations:

By expanding into the Arbitrum, Blast, and Mantle protocols, Vertex Edge has significantly boosted fee revenue, with total netted and taker fees increasing by 129% year to date. However, given the recent reductions in trading fees, Vertex Protocol must achieve higher trading volumes to maintain its current levels.

Vertex Protocol’s volume comes primarily from perps, which has a cumulative volume of $90.32 billion as of June 26, compared to $7.68 billion in the spot market. This volume has primarily involved more established cryptocurrencies, with over 70% of Vertex’s total volume coming from Bitcoin (BTC) and Ethereum (ETH). As Vertex Protocol expands to more blockchain projects, the diversity of traded assets is likely to increase.

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