Dovey Wan: Most crypto market makers are actually market takers, preferring to sell via TWAP rather than open orders.

PANews, October 11 news, Dovey Wan, founding partner of Primitive Ventures, stated that most “market makers” are actually market takers, typically not placing maker orders, and using TWAP to sell all the way down. He mentioned that after a new coin is launched for about a week, the market makers often no longer provide liquidity, and the excessive number of projects leads to high capital costs, only actively participating in the first week after the opening. Dov noted that Jump only works on about 30 projects a year, providing liquidity in a more systematic manner, and related projects perform more steadily. He stated that many alts can fall by 70%-80% with only a few tens of millions of dollars in trading volume.