Why HFT on DEXs Needs a Rethink: Order Books, Isolated Margin, and Where Liquidity Actually Comes From
Whoa! This hit me while staring at latency charts at 2 a.m. Seriously? The whole industry keeps repeating the same playbook—more speed, more orders—and expecting different outcomes. My instinct said the missing piece wasn’t just tech. Initially I thought it was purely about matching engines, but then I noticed trading behavior that didn’t fit that […]