I have noticed that recently Poloniex has brought us the vast majority of our trading volume. 83% of trading in the last 24 hours occurred on Poloniex while we only placed 16% of our tier 1 liquidity on Poloniex. The liquidity we have there doesn’t gracefully support the volume of trading happening there. My guess is we would see an increase of volume at Poloniex if we increased the liquidity there.
What is the best way to bring liquidity there? Can we increase the incentives at Poloniex or decrease incentives (rates paid by pools) at other exchanges?
It’s an issue that I expect will come up repeatedly, so a solution that can be applied sustainably would be best. However, there are a number of people here that know more about liquidity operations than I do, so I would like to hear from such persons about how we can alter liquidity operations to allow shifting funds where they are needed.
NuBits is now frequently in the top 10 on coinmarketcap.com by trading volume. Congrats and thanks to everyone that helped make that happen. Let’s see what we can do to get even more volume.