Markets made visible.

Monitor liquidity, execution quality, market makers, and incentives across every venue.

Transparent Space in numbers and selected clients

Liquidity monitored
$500M+
On exchanges and onchain
Markets tracked
400+
CEX order books, DEX pools and RFQ quote streams
Venues
20+
Exchanges, DEXs, RFQ and prediction markets on 10 chains

Trusted by

How it works

Trade prints Each mark is an execution. Its position shows price; its height shows size.

A price only tells part of the story.

The last trade tells you where the market cleared. It does not tell you how much liquidity is available next, where it sits, or who is providing it.

What can actually trade at that price?

A quote only matters if size can clear against it. We measure depth, spreads and execution at the sizes that matter, across pools and order books.

Who is keeping this market usable?

Depth doesn't appear on its own. We attribute it to the LPs and market makers behind it, and track how much is organic versus paid for by incentives.

Know what changed. Decide what comes next.

When liquidity moves, we show what changed, where it changed, and who was behind it, so you know whether to adjust routing, incentives or market-maker commitments.

Used for

  • Route and venue allocation
  • Market-maker monitoring and escalation
  • Incentive reallocation

One market, many surfaces

Venues and chains we track · Sep 2026

Exchanges

DEXs

Chains

RFQ

Prediction markets

Point at a venue or chain to see what we track there and how they connect.

This is the current coverage, not the limit. We build custom indexers and infrastructure to track markets across any chain, venue or execution layer.

Don't see what you need?

Team

Operators, not observers
Fine-line portrait of Pedro Alves, including his shoulders and shirt

Pedro Alves

Co-founder · Data & engineering

Multi-cycle builder and operator in the crypto space. MSc in Economics. Onchain data wizard.

Fine-line portrait of Federico Leyva in a suit, white shirt and striped tie

Federico Leyva

Co-founder · Strategy & partnerships

Background in market making. Strategic direction, institutional partnerships, and the commercial application of Transparent Space's research.

Know what your liquidity program is buying.

Bring us an asset, a pool, a market-maker program, or an incentive campaign. We'll show you what users actually experience.