Defillama Launches Perpetual Contract "Realized Slippage" Metric to Track True Liquidity Across Major Exchanges

Odaily reports: Defillama founder 0xngmi posted on X that a new metric has been launched for trading platforms — Realized Perp Slippage. The specific methodology involves taking a snapshot of the order book at the moment just before a market order is executed, calculating the theoretical slippage at which the order should have been filled, and then comparing it with the actual slippage at real execution.0xngmi added: "The reason we track this metric is that we initially focused on order book liquidity, but later found that due to mechanisms like speed preferences, in many cases orders cannot be executed as expected because market makers withdraw liquidity before order execution. So we started tracking actual liquidity conditions."