DefiLlama Launches Realized Perp Slippage Indicator

DefiLlama founder 0xngmi announced the launch of the Realized Perp Slippage indicator on the X platform. This indicator calculates theoretical slippage by taking a snapshot of the order book before executing market orders and compares it with the slippage at the time of actual execution. 0xngmi pointed out that the reason for tracking this indicator was initially to focus on order book liquidity, but it was found that due to mechanisms like speed preference, orders often could not be executed as expected, and market makers withdrew liquidity before order execution, leading to a focus on actual liquidity conditions.

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