Does Vertex Protocol (VRTX) still have a chance?

Written by: Sleeping in the Rain

Currently, $VRTX is close to half of its ATH and has returned to the price at the opening. However, judging from the data, Vertex is currently the decentralized derivative with the largest market share.exchange(Except dYdX).

The reason that drives Vertex’s market share to continue to expand is because of its transaction mining mechanism. In essence, Vertex has built a flywheel as shown below:

The most important update of Vertex recently is that its v2 version will be released at the end of January or the beginning of February. Therefore, I would like to briefly talk about whether the launch of Vertex v2 contains new opportunities.

What updates will Vertex v2 bring?

• List More assets, such as more long-tail assets

• Exotic Options

• Independent margin

• Gas fee optimization

And, the most important update of Vertex v2: building aBlockchainProducts, differentBlockchainUsers of Vertex can share the same liquidity order book.

本质上，v2 升级的重点在于，官方希望通过提供更多产品和扩展更多区块链的方式，拓展更多的真实用户。

For example, for Vertex, listing more long-tail assets means competing with CEX in terms of asset richness. If we want to discuss liquidity and user threshold & experience, CEX is definitely better in these aspects - and if Vertex can list more long-tail assets that CEX does not have, it will gain more users who need it.

拓展到其他区块链也是希望能够获取更多用户，而「共享流动性订单簿」则能够解决多链时代下流动性割裂的问题。Vertex v2 也解决了用户在多链时代需要频繁跨链的问题，同样是降低了用户门槛。

At the same time, cross-chain deployment also solves the problem of potential cross-chain bridgesSafetySexual issues.

The Vertex v2 update will be released in late January or early February.

Another product update worth mentioning (this update is not included in the v2 update) is that Vertex is about to launch the USDC margin vault, which is the last resort for Vertex to settle Trader profits. Investors can get the following two benefits by locking up $USDC for a minimum of 3 weeks:

• A certain percentage of Trader liquidation assets

• Boost $VRTX Staking Rewards APY

But USDC margin vault investors will also face Trader make moneyrisks of.

In general, as mentioned in the flywheel diagram, Vertex's model is very similar to GameFi - throughTokenIncentives are used to reward Traders, who generate fees.TokenThe stakers receive real income from the handling fees. The v2 update hopes to attract more real users by expanding the blockchain, lowering the user threshold and improving the user experience, just like Web3 Gaming hopes to attract real game players through high-quality graphics or gameplay.

More potential users means more transaction fee sharing, and the flywheel built by Vertex will turn better.

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