Vertex combines an off-chain sequencer-driven order book with an on-chain AMM that backstops it, so resting liquidity exists even when market makers step away. Spot and perps share one cross-margin account.
The sequencer matches orders in around 15ms and pairs them against both the book and the integrated AMM, taking whichever gives the better price. Settlement is on Arbitrum.
Vertex appears to be winding down. Its public gateway has failed the TLS handshake from every network we have tested, DefiLlama reports perps TVL at effectively zero, and wikiperps has been unable to ingest live markets. Treat any figures here as historical and confirm directly before depositing.
Exploits, rebrands and other events that materially changed this venue.
wikiperps has been unable to reach gateway.prod.vertexprotocol.com from any tested network, and DefiLlama reports the perps TVL at approximately zero. Recorded as an observation, not an announcement — we have found no formal wind-down notice.
source ↗Deepest first.
Its public API is unreachable from our servers right now, so we're showing the profile without live figures. The rest of the page is still accurate.
Vertex distributed VRTX and continues trading rewards funded by emissions.
How to earn Trade to earn VRTX emissions; stake for a share of protocol fees.