This is a goldmine of information. It provides even more evidence of the inherent transparency of decentralized public infrastructure. Everyone is free to verify all the provided information. If we take a second to think about it, this marks a significant paradigm shift. Centralized exchanges have always collected similar datasets, but it took them over a decade to make them public accessible. Moreover there’s no guarantee that the information is correct.
To share some context for regular people, data mining inside centralized exchanges is what created the massive evolution of market making over the last 20 years. People often refer to this as the “quants” era, where a tremendous amount of private trading data was gathered to build complex market-making models.
The next frontier is standing right in front of us: on-chain public data mining. Everyone has access to the same information in real-time, enabling truthful competition in terms of market-making capabilities. This opens the door to innovative new strategies and real-time machine learning to further boost market efficiency.
We’re honored to be part of that journey.
Govmos
