Author: James Okafor

Crypto market microstructure has matured considerably since the exchange collapses of 2022. But fragmentation across venues, the dominance of offshore liquidity, and the growing influence of ETF arbitrage all create execution challenges that serious traders need to understand.

Uniswap v4’s hook architecture fundamentally changes what’s possible in decentralised liquidity provision. We explain the mechanics, the implications for capital efficiency, and where professional traders should be paying attention.