5️⃣Vertex on Base
Discover the power of unified orderbook liquidity with the release of Vertex on Base.
Last updated
Discover the power of unified orderbook liquidity with the release of Vertex on Base.
Last updated
Welcome to Vertex on Base, anon!
Base users can now trade over 50 spot and perpetual markets, benefiting from Vertex’s lightning-fast speed, deep cross-chain liquidity, low fees, and much more!
Originally launched on Arbitrum in April 2023, Vertex has rapidly gained traction amongst an increasingly competitive DEX landscape. To date, Vertex has facilitated over $110 billion in trading volume across spot and perpetual markets.
Vertex is a hybrid DEX featuring a Central Limit Order Book (CLOB) fused with an Automated Market Maker (AMM), offering blazing-fast trading speeds and a vertically integrated product suite spanning:
Spot Trading
Perpetual Markets
Money Markets
The Vertex sequencer powers seamless trade execution, delivering low-latency performance of 5-15 milliseconds, rivaling most centralized exchanges – all while preserving self-custody and on-chain settlement.
Vertex offers users a powerful set of trading tools and features -- powered by Vertex Edge.
Before we dive into the various features that Vertex offers Base users, it's important to first understand how Vertex's deployment on Base is possible, and different, than other cross-chain deployments of DeFi apps on various chains.
Enter Vertex Edge.
The launch of Vertex on Base is enabled by the synchronous orderbook liquidity of Vertex Edge.
Simply put, Vertex Edge functions as a single, unified orderbook layer that shares resting liquidity between each EVM chain supported by Edge -- known as a Vertex Edge instance. Currently, Vertex Edge shares liquidity between 5 different chains, including:
Base
You can think of Edge as a network of exchanges for DeFi where Edge forges a path for the Vertex sequencer to run on multiple chains simultaneously without fragmenting liquidity between the chains.
The Vertex smart contracts are natively deployed to each chain, such as Base, and the Vertex sequencer functions similar to a virtual market maker -- matching inbound orders from one chain with the combined orderbook liquidity of all 5 of the base layers plugged into Vertex Edge.
More specifically, Edge is capable of matching an order from one chain, such as Base, with another chain -- like Arbitrum. For example:
Assume there are two Vertex instances (Arbitrum & Base).
Alice submits a market order (taker) on Base, to long the ETH-PERP at price X.
The sequencer (Edge) matches the order against the best liquidity after examining the orders aggregated across the two Vertex instances on Arbitrum and Base.
The best offer is from John who is trading on Arbitrum.
John is now short on Arbitrum.
Alice is long on Base.
In the middle, the sequencer (Edge) takes equal opposing positions on each chain. Edge is now short on Base and long on Arbitrum.
Edge injects Alice’s matched order into the sequencer queue of batched orders to render and settle onchain to Base — simultaneously sending John’s order to be settled on Arbitrum.
Over time, Edge will continually build long and short positions on local chains.
Periodically, liquidity between chains will be aggregated and settlement will be made on the back-end.
Synchronization of liquidity across multiple chains removes the barriers that cause bottlenecks and fragmented liquidity pools characteristic of cross-chain DeFi.
By weaving together the liquidity profile from multiple chains, Edge provides a means for a Base user to trade against cross-chain liquidity on a single DEX interface without requiring a user to move from Chain A to Chain B.
Users simply interact with Vertex on Base, and trade against the combined liquidity profile of all 5 chains connected to Vertex Edge!
The result is a positive-sum, mutually beneficial effect on the liquidity of each chain, such as Base, supported by Vertex Edge. This represents a significant departure from legacy cross-chain designs, unifying liquidity across chains, rather than splintering it into isolated hubs.
To the user, the difference between trading on Vertex (Arbitrum) and Vertex (Base) is mostly the same, with some marginal design differences and native markets to that chain.
All of the Edge magic occurs under the hood, seamlessly churning out cross-chain order matches and onchain settlement natively without the user noticing on the Vertex app.
Beyond the benefits of unified orderbook liquidity with Vertex Edge, the launch of Vertex on Base arrives with all of Vertex's characteristic features.
Whatever your flavor of trading might be, Vertex’s suite of powerful trading features is now at Base users’ disposal.
Tap into deep cross-chain liquidity with a single click via Vertex Edge with 50+ spot and perpetual markets available to Vertex on Base users.
Learn More (Perpetuals): https://docs.vertexprotocol.com/tutorials/perpetuals
Learn More (Spot): https://docs.vertexprotocol.com/tutorials/spot
Enjoy near-instant trade execution speeds of 5-15 milliseconds with Vertex's unique technical design.
Unified cross-margin accounts across all your trades—on Vertex, your portfolio is your margin.
Sign one approval transaction at the start of a session and unleash the full power of Vertex with near-instant trade execution.
Create and manage up to four accounts under one wallet, each with independent positions and risks.
Utilize embedded money markets to earn yield on USDC deposits and borrow or lend assets using USDC and wETH as collateral.
Simplify asset management across chains with Axelar’s Squid Router, enabling quick and easy deposits from over eight chains directly into Vertex Edge (Base).
Speculate on crypto-native indices directly on the Vertex app.
Tailor your trading experience with Notifi alerts, personalized layouts, and more.
Keep a bird’s-eye view of your account’s health and manage risk effectively.
Enjoy trading without maker fees. Pay only 0.02% (2 bps) in taker fees.
Learn More: https://docs.vertexprotocol.com/basics/fees
Tap into the power of cross-chain liquidity with the single orderbook layer of Vertex Edge -- unifying liquidity between chains.
Welcome to Vertex on Base, anon. Happy trading!
For more resources on Vertex, make sure to check out the Vertex socials and links below!
