One environment for decentralized-market intelligence.

Decentralized markets quote the same assets across many venues, each with its own depth, participants, and mechanics. Skilt observes price formation across those venues together, so the structure of the market, not a single chart, is the object being monitored.

Price formation

Where and how price is being set across venues, and how far each venue has moved from the consensus price.

Venue differences

Spread, depth, and listing differences between venues for the same instrument.

Funding

Perpetual funding rates by venue, including divergence from venue averages over time.

Basis

The relationship between spot, perpetual, and dated derivatives for the same asset.

Open interest

Positioning held open across venues, and how it accumulates or unwinds as conditions change.

Volatility

Realized and implied volatility, and the regimes they describe.

Depth

Resting liquidity around the mid-price, as it is distributed and withdrawn.

Individual wallets mean little on their own. Skilt follows entities, the clusters of wallets, venue accounts, and protocol positions that behave as one actor, and watches how they interact with the market.

Wallet activity

Transfers, swaps, and position changes attributed to known wallets and clusters.

Entity relationships

Links between wallets, venue accounts, and treasury positions that move together.

Protocol interactions

Deposits, withdrawals, and governance activity across protocols, per entity.

Large movements

Size that repositions holdings between wallets, venues, or custody.

Bridge activity

Assets committed to bridges and released on destination chains.

Liquidity in decentralized markets migrates between pools, venues, and chains as conditions change. Those migrations are often the market's most informative behavior, and they are invisible to tools that watch one pool at a time.

Cross-chain movement

Capital moving between chains through bridges, message layers, and wrapped assets.

Pool conditions

Depth, composition, and utilization for the pools that carry a market.

Liquidity migration

Liquidity leaving or entering pools, venues, and ecosystems over time.

TVL changes

Value locked in protocols, and the rate at which it is arriving or leaving.

Flow imbalance

Persistent one-directional flow that signals accumulation or distribution.

Monitoring in Skilt is not a stream of verdicts. It is a record of conditions that changed: funding diverging, liquidity thinning, or unusual flow, presented for a person to examine and interpret.

Condition changes

Material changes in the state a team has chosen to watch.

Abnormal movement

Transfers, swaps, or position changes outside an entity's established pattern.

Funding divergence

Venue funding rates separating from each other and from their recent range.

Liquidity stress

Depth withdrawal or pool imbalance that raises the cost of transacting.

Unlocks

Scheduled token unlocks and the supply they add to circulation.

Liquidation pressure

Leveraged positions approaching liquidation thresholds across venues.