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What is Vertex Protocol (VRTX)?

Vertex Protocol basic info

Name:Vertex Protocol
Ticker:
Introduction:

What is Vertex Protocol (VRTX)?

Vertex Protocol is a decentralized exchange that was introduced to the market in April 2023. It is a hybrid orderbook-AMM DEX constructed on the Arbitrum L2. Vertex implements unified cross-margin across spot, perpetuals, and an integrated money market across 23+ markets with a competitive, low trading fee model. Vertex's orderbook is highly efficient, allowing for low-latency order matching of 15 - 30 ms, similar to most Centralized Exchanges (CEXs), while still maintaining the non-custodial philosophy of DeFi.

Who are The Founders of Vertex Protocol (VRTX)?

Darius Tabatabai and Alwin Peng, two individuals with contrasting backgrounds and a nearly 20-year age gap, came together in 2022 during a period of market turbulence that swept the industry over the 2022 Summer. They were introduced by a mutual colleague and quickly found common ground in their passion for problem-solving and innovation. The growing demand for decentralized exchanges that combined the performance and capital efficiency of centralized exchanges with the self-custody values of DeFi led to the creation of Vertex Protocol.

Darius, an experienced trader with a background in FX, commodities, and crypto, previously held senior trading positions at JST Capital, CrossTower, Merrill Lynch, and Credit Suisse. He has a BSc in Government Economics from the London School of Economics and a Masters of Science in Computer Science from the University of York. Alwin, on the other hand, was the youngest person ever hired by Jump Trading and began his career in DeFi immediately after graduating from high school. He rapidly established himself as a talented and prolific developer, having initially built the popular NFT marketplace RandomEarth on Terra in 2022 before joining Darius to co-found Vertex later that summer.

How does Vertex Protocol (VRTX) Work?

Vertex Protocol has a unique hybrid design that combines a centralized limit order book (CLOB) and an automated market maker (AMM). This approach ensures that liquidity is always high as positions from pairwise LP markets populate the orderbook. Vertex's smart contracts manage the risk engine and core products, which helps to minimize gas fees and Miner Extractable Value (MEV) on the underlying Arbitrum layer two (L2) that Vertex operates on. The combination of the hybrid design and off-chain sequencer architecture enables lightning-fast trading and effective liquidity utilization across a broader range of DeFi assets. Additionally, the integrated AMM is located on-chain, which means it functions as the default state of the protocol and is managed at the smart contract level, known as "Slo-Mo Mode."

What is the VRTX Token?

VRTX serves as the fungible protocol token of Vertex Protocol, representing utility functions specified in the protocol's code. Within the DEX, VRTX has various utilities, including staking to contribute to the safety of the ecosystem, rewarding variable levels of contributions and commitments, and generating a user score known as voVRTX. This score incentivizes security and long-term commitment to the protocol, and users with higher voVRTX scores are eligible to receive rewards from a percentage of the protocol's revenue. The voVRTX boosting system aims to encourage long-term VRTX staking, increase active user participation, and benefit Vertex contributors with long-term perspectives.

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Current price:
All-time high:$0.5348
All-time low:$0.05505

VRTX supply and tokenomics

Circulating supply:387,674,500 VRTX
Total supply:997,000,000 VRTX
Max supply:1,000,000,000 VRTX
Market cap:$38.51M
Fully diluted market cap:$99.34M

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What is the development prospect and future value of VRTX?

The market value of VRTX currently stands at $38.51M, and its market ranking is #739. The value of VRTX is not widely recognized by the market. When the bull market comes, the market value of VRTX may have great growth potential.

As a new type of currency with innovative technology and unique use cases, VRTX has broad market potential and significant room for development. The distinctiveness and appeal of VRTX may attract the interest of specific groups, thereby driving up its market value.

What will the price of VRTX be in 2025?
Based on VRTX's historical price performance prediction model, the price of VRTX is projected to reach $0.1241 in 2025.
What will the price of VRTX be in 2030?
In 2030, the VRTX price is expected to change by +10.00%. By the end of 2030, the VRTX price is projected to reach $0.1712, with a cumulative ROI of +93.45%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of VRTX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is VRTX worth investing or holding? How to buy VRTX from a crypto exchange?

If you want to buy VRTX, the following information may be helpful for your investment decisions:
In the last 7 days, the price of VRTX has fallen by -2.09%, leading to negative returns for most VRTX investors. The market is currently pessimistic about the price trend of VRTX.
It is important to note that the current price of VRTX has retreated by -81.42% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether VRTX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in VRTX or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of VRTX, if you want to buy or sell VRTX, you can consider Bitget for your trading needs. The best place to buy VRTX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Vertex Protocol has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Vertex Protocol. Here's a step-by-step guide on how to buy Vertex Protocol on Bitget.

How to get Vertex Protocol through other methods?

Using cash to buy Vertex Protocol is not the only way to obtain Vertex Protocol. If you have the time to spare, you can get Vertex Protocol for free.
Learn how to earn Vertex Protocol for free through the Learn2Earn promotion.
Earn free Vertex Protocol by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Vertex Protocol airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Vertex Protocol through Bitget Convert, Bitget Swap, or spot trading.

What is Vertex Protocol used for and how to use Vertex Protocol?

The use case of Vertex Protocol may expand as the crypto market and the project itself develop. Currently, you can use VRTX to achieve the following goals:
Arbitrage by trading VRTX: Since VRTX is a frequently traded cryptocurrency, the price of VRTX is always fluctuating. Earn more VRTX by buying low and selling high on the exchange. Bitget spot market provides a variety of VRTX trading pairs to fully meet your needs.
Earn by staking VRTX: You can also generate income through financial management methods such as staking VRTX or lending VRTX. Bitget Earn offers a variety of financial products designed to help you earn more income from your VRTX.
Send or pay VRTX: If you want to give VRTX to your friends, a charity, or a fundraiser, or you want to pay someone with VRTX, you can quickly and easily send VRTX to the recipient through their payment address.
You can also go to the official website of the Vertex Protocol project to learn more about the use cases of VRTX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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Where can I buy Vertex Protocol (VRTX)?

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