Take a look at the market making situation of the seven major market makers in this bull market: Wintermute's four kings' participation rate is 100%?

Compiled by: Odaily Planet Daily

Editor's note: Market makers are an important part of the crypto world, providing liquidity to the market, but they also have the "power of life and death" to control the rise and fall of currency prices. Crypto KOL Ai Ai published an article analyzing the market-making situation of the seven major market makers in this bull market from the aspects of capital volume, position changes and market-making style. Odaily compiled it as follows:

The homework that has been urged for half a year is finally here.

Summarize the market making situation of the seven major market makers of Jump Trading/Wintermute/Amber Group/DWF Labs/B2C 2/GSR Markets/Flow Traders in this bull market.

• The four kings of Wintermute have a 100% participation rate

• DWF Labs has made a high-profile entry into the Meme track and TON ecology

• The activity of Amber and Flow Traders has increased significantly

Write in front

As usual, in order to improve the accuracy of the data, only the publicly verifiable parts of the market making projects statistics in the picture are selected. If there are any omissions, please feel free to add them in the comment area.

The amount of market maker funds

As of 2024.06.27, the order from high to low according to the amount of funds on the chain is:

1.Jump Trading: 673 million US dollars

2.Wintermute: 475 million US dollars

3.GSR Markets: US$86 million

4.Amber Group: US$50 million

5.DWF Labs: US$41 million

6.B2C2: US$37 million

7.Flow Traders: US$3.9 million

Here are some key points Summary:

Wintermute: The participation rate of the four kings is 100%

Almost all high-market value tokens in this bull market have Wintermute. Among the four kings (OP / ARB / STRK / ZK), except for ZK, there is a lack of clear data support. He participates in market making for the rest and the number of tokens is huge.

In addition, Wintermute has become Robinhood’s second largest market-making institution, accounting for as much as 10% of its trading revenue.

In the past six months, Wintermute’s large holdings have had two obvious changes:

1.2023.11 The TOP1 $ARB holdings have dropped sharply (39.73 million > 2.57 million), and the corresponding situation should be frequent I saw the information about ARB depositing into the exchange, haha.

2. As an ENA market maker, Wintermute holds related tokens worth $16.29 million ($10.01 million USDE + $6.28 million ENA).

GSR Markets

is rumored to be the "Binance Queen Market Maker", and the recent market making participation in the Launchpool project is indeed quite high.

It should be noted that $WLD, the top asset in GSR’s holdings previously, has decreased by nearly 87% (13.06 million > 1.66 million), replaced by $GALA, which currently still holds 9.88 million U.S. dollars of tokens, and has almost no tokens for more than half a year. Variety.

DWF Labs: High-profile entry into the Meme track and TON ecosystem

DWF is undoubtedly the most active market maker in this bull market - in early February, it promoted the rapid rise of many altcoins such as FET / JASMY, and in May When Meme exploded, it officially announced investment in projects such as FLOKI / TOKEN / GME, and was deeply involved in the Ton ecosystem.

You really don’t miss any hot spots, and the “VC + MM” mode is running smoothly.

Amber Group & Flow Traders

These two market makers may not be as well-known as the above three, but they have also had a strong presence in recent months, especially Amber, Liquidity Staking / L2 / Interoperability Agreement has a hand in these popular narratives.

Currently Amber holds $12.74 million in ZRO, while Flow Traders’ top holdings are BTC/ETH and the main narrative DeFi token UNI/MKR of the last bull market.

The specific positions held by other market makers

The amount of funds of most market makers has increased significantly. Apart from the factor of "exchange funds flowing to the chain", the hot market in the first half of the year has really made MM Money has been made. For example, GSR publicly stated that "revenue in the first half of the year more than tripled year-on-year."

For those who are interested in holding positions, please see the Arkham panel for details, which will not be expanded here:

https://platform.arkhamintelligence.com/dashboards/view?dashboardID=77ad9d95-8d52-4958-a6ab-1c807db155f2

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