A Simple DEX Protocol for Synthetic Markets
Alt Markets is a protocol that enables anyone to launch & trade synthetic markets. Markets can represent any word or phrase that fits into 32 characters. Users can long/short a market by transferring ETH or BNB on Ethereum, Arbitrum, and BSC.
Top Markets On Alt Markets
Most popular markets by activity.
Market
|
Price
|
Market Cap
|
Trades
|
Volume
|
|---|---|---|---|---|
$1.037
|
$157,731
|
5
|
$152
|
|
$1.037
|
$120,172
|
7
|
$116
|
|
$1.029
|
$105,646
|
7
|
$103
|
|
$1.035
|
$95,131
|
7
|
$92
|
|
$1.021
|
$86,682
|
17
|
$122
|
|
$0.966
|
$71,652
|
9
|
$80
|
|
$1.039
|
$66,980
|
9
|
$98
|
|
$1.038
|
$65,727
|
6
|
$66
|
|
$1.034
|
$57,236
|
31
|
$373
|
|
$1.027
|
$45,172
|
5
|
$44
|
What Is A Market?
Markets are 1-32 character identifiers, in categories such as coins /bitcoin, memes /doge, concepts /artificial-intelligence, people /elon-musk, politics /donald-trump, economy /inflation, sports /real-madrid, and so on. If a market doesn't exist yet, a new one is automatically created when a user opens the first position.
Market Prices
All markets start trading at a default price of $1. Markets do not track underlying assets but instead rely exclusively on long/short demand. If more traders are long (buying), the price increases above $1, and if more traders are short (selling), the price decreases below $1. Alt Markets uses a combination of virtual and real liquidity to enable bi-directional trading without the possibility of rugs.
How Does It Work?
Users can open a position on Alt.markets by transferring ETH/BNB on one of the supported chains (Eth, Bsc, Arbitrum). A position can be closed anytime to return the new position value at market price. Transfers incur a fee of 0.5-1% to prevent market manipulation and support liquidity. Markets are fully decentralized, and cross-chain transfers are confirmed & sent automatically within 2-5 minutes.
Why Another DEX Protocol?
Traders like volatility. Traders like markets with deep liquidity. Traders don't like rugs and scams. We've built a new DEX protocol for synthetic markets because we didn't find an existing protocol that solves all of these problems. Make your first trade to see how simple it is.
Features Overview
The Protocol
Alt Markets is a novel DEX protocol that enables users to create and trade synthetic markets with deep liquidity.
Markets For Anything
You can create markets for any idea and concept - you'll have a tradable market live within a few minutes.
System Liquidity
Markets are fully decentralized contracts with system-backed liquidity (no possibility of rugs & scams).
Trade Easily
Search for an existing market, or create a new market by making the first transfer. It's super simple.