Extended is pushing along like the tortoise against the hare
BTC & ETH spread already better than Hyperliquid btw for 10k & 100k clips and equal at 500k
State of liquidity and execution on @extendedapp
There is obviously a lot of work to be done to improve the liquidity on the exchange, but it’s good to see that in terms of total cost of execution (taker fees + slippage*), when compared to Hyperliquid base rate and Lighter, @extendedapp is already competitive, especially on alts.
*Slippage represents the average bid-mid and ask-mid spread across 718 snapshots taken every minute between 14:00 UTC on 17/09 and 07:00 UTC on 18/09.
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