In the field of digital assets, liquidity (Liquidity) simply refers to the ability to convert tokens into other tokens or cash. As the data authenticity of digital exchange trading volume is becoming more and more difficult to guarantee, by introducing dimensions such as transaction depth, bid-ask spread, and order volume, it is possible to describe the exchange liquidity relatively objectively, thereby reflecting the degree of activity of the exchange.
TokenInsight counts the single-day order book data of 7 exchanges with high qualifications in the market, and provides a new evaluation method to measure the situation of exchanges in a smaller cross-section.
The results can only partially reflect the short-term trading liquidity of the sample exchanges.
