PANews reported on October 11th that Primitive Ventures founding partner Dovey Wan stated that most "market makers" are actually market takers , typically not placing maker orders but using TWAP to sell through the entire process. She stated that market makers often stop providing liquidity about a week after a new coin's listing, citing the high cost of capital due to the large number of projects, and that they only actively participate in the first week of trading. Dovey noted that Jump only works with approximately 30 projects annually and systematically provides liquidity, resulting in more stable performance for these projects. She also noted that many altcoins can experience declines of 70%-80% with only tens of millions of dollars in trading volume.PANews reported on October 11th that Primitive Ventures founding partner Dovey Wan stated that most "market makers" are actually market takers , typically not placing maker orders but using TWAP to sell through the entire process. She stated that market makers often stop providing liquidity about a week after a new coin's listing, citing the high cost of capital due to the large number of projects, and that they only actively participate in the first week of trading. Dovey noted that Jump only works with approximately 30 projects annually and systematically provides liquidity, resulting in more stable performance for these projects. She also noted that many altcoins can experience declines of 70%-80% with only tens of millions of dollars in trading volume.

Dovey Wan: Most crypto market makers are actually market takers, preferring TWAP selling rather than order making.

2025/10/11 11:45
1 min read
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PANews reported on October 11th that Primitive Ventures founding partner Dovey Wan stated that most "market makers" are actually market takers , typically not placing maker orders but using TWAP to sell through the entire process. She stated that market makers often stop providing liquidity about a week after a new coin's listing, citing the high cost of capital due to the large number of projects, and that they only actively participate in the first week of trading. Dovey noted that Jump only works with approximately 30 projects annually and systematically provides liquidity, resulting in more stable performance for these projects. She also noted that many altcoins can experience declines of 70%-80% with only tens of millions of dollars in trading volume.

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