Performance Index

Forgd Market Maker Performance Index Leaderboard

Data-driven Market Maker rankings derived from 500+ engagements, evaluating historical execution, reliability, and ecosystem integration.

Forgd Market Maker Performance Index Leaderboard

Data-driven Market Maker rankings derived from 500+ engagements, evaluating historical execution, reliability, and ecosystem integration.

G-20 Group

8 active engagements

Composite Score

9.40

Median Engagements FDV

$130.95M

G-20 Group

8 active engagements

Composite Score

9.40

Median Engagements FDV

$130.95M

Avg. 2.00% Depth

$1.01M

Rank: 1

Avg. Spread

7.44%

Rank: 17

Avg. Volume

$444.75K

Rank: 3

Ampersan

4 active engagements

Composite Score

9.20

Median Engagements FDV

$976.71M

Ampersan

4 active engagements

Composite Score

9.20

Median Engagements FDV

$976.71M

Avg. 2.00% Depth

$637.78K

Rank: 5

Avg. Spread

0.14%

Rank: 6

Avg. Volume

$206.31K

Rank: 10

Auros Global

15 active engagements

Composite Score

9.10

Median Engagements FDV

$143.14M

Auros Global

15 active engagements

Composite Score

9.10

Median Engagements FDV

$143.14M

Avg. 2.00% Depth

$953.75K

Rank: 2

Avg. Spread

0.22%

Rank: 10

Avg. Volume

$214.39K

Rank: 9

Top Avg. (+/-) 2.00% Depth (30D)
G-20 Group
$1,008,322
Highest Volume (Maker & Taker) (30D)
Flowdesk
$661,940
Top Bid-Ask Spread (30D)
GSR
0.01%
Top KPI Adherence (Combined Uptime)
G-20 Group
100.00%

#	Market Maker	Grade	Composite Score	Trading KPIs	Trust & Integration	Coverage & Capabilities	Uptime	Integration Level
1	G-20 Group	A+	9.40	9.80	8.25	9.00	10.00	Full
2	Ampersan	A+	9.20	9.60	8.00	8.50	9.80	Full
3	Auros Global	A+	9.10	8.90	9.00	9.50	8.20	Full
4	Da Vinci Trading	A+	9.10	9.20	8.40	8.50	9.50	Full
5	Selini Capital	A+	9.10	9.10	8.40	9.00	9.10	Full
6	Tophash Digital	A+	9.10	8.60	9.60	9.25	8.30	Full
7	Amber Group	A+	9.00	8.40	9.80	9.70	7.50	Full
8	Keyrock	A	8.90	9.30	8.75	8.50	7.00	Full
9	Flowdesk	A	8.80	8.60	8.50	8.75	8.60	Full
10	GSR	A	8.70	7.70	9.25	9.50	8.00	Full
11	JPEG Trading	A	8.10	8.20	6.00	8.00	8.80	Full
12	Gravity Team	A	8.00	7.50	7.50	7.25	8.90	Full
13	IMC Trading	A	7.90	7.30	7.75	8.00	6.80	Full
14	CyantArb	A	7.80	7.00	7.25	8.50	7.70	Full
15	LO:TECH	A	7.50	6.80	7.00	7.50	7.30	Full
16	Presto Labs	A	7.50	6.40	7.75	8.50	6.60	Full
17	Arrakis Finance	B	7.40	6.10	8.00	8.00	6.10	Full
18	Prycto	B	7.10	6.60	6.00	7.50	6.40	Full
19	Efficient Frontier	B	6.70	5.70	7.75	7.00	5.70	Full
20	CKS Systems	B	6.60	5.90	6.00	6.50	5.90	Full
21	Elk Crypto	B	6.50	5.50	6.00	7.00	5.50	Full
22	Kairon Labs	B	6.40	5.20	6.00	7.50	5.20	Full
23	XBTO	B	6.30	5.00	6.00	7.50	5.00	Full
24	Cicada	D	<5.00	N/A	10.00	8.00	N/A	None
25	Manifold Trading	D	<5.00	N/A	8.50	8.00	N/A	Partial
26	Portofino Technologies	D	<5.00	N/A	6.00	8.00	N/A	Partial
27	Reform DAO	D	<5.00	N/A	6.00	7.50	N/A	Partial
28	FalconX	D	<5.00	N/A	5.00	9.00	N/A	Partial
29	Peanut.Trade	D	<5.00	N/A	5.00	8.00	N/A	None
30	Galaxy	D	<5.00	N/A	5.00	8.50	N/A	Partial
31	JST Digital	D	<5.00	N/A	5.00	7.00	N/A	Partial
32	Pulsar	D	<5.00	N/A	5.00	7.50	N/A	Partial
33	STS Digital	D	<5.00	N/A	5.00	7.50	N/A	Partial
34	Cumberland	D	<5.00	N/A	5.00	9.00	N/A	None
35	Caladan	D	<5.00	N/A	5.00	8.50	N/A	None
36	AlphaTheta	D	<5.00	N/A	5.00	7.00	N/A	None
37	DWF Labs	D	<5.00	N/A	5.00	7.00	N/A	None
38	Skynet Trading	D	<5.00	N/A	5.00	5.00	N/A	Partial
39	Alber Blanc	D	<5.00	N/A	5.00	5.00	N/A	None
40	Algoz	D	<5.00	N/A	5.00	5.00	N/A	None
41	Bitmaker	D	<5.00	N/A	5.00	5.00	N/A	None
42	Bluesky Capital	D	<5.00	N/A	5.00	5.00	N/A	None
43	CoinAlpha	D	<5.00	N/A	5.00	5.00	N/A	None
44	Dark Forest	D	<5.00	N/A	5.00	5.00	N/A	None
45	Kaiko Labs	D	<5.00	N/A	5.00	5.00	N/A	None
46	Koda Finance	D	<5.00	N/A	5.00	5.00	N/A	None
47	Kronos Research	D	<5.00	N/A	5.00	5.00	N/A	None
48	Oracles	D	<5.00	N/A	5.00	5.00	N/A	None

Grade: A simplified letter rating that reflects a market maker's overall standing on the leaderboard. Grades are designed to make performance easier to interpret without relying solely on individual numerical scores.
Trading KPIs: A data-driven score derived from historical trading activity across 500+ engagements, evaluating execution quality through metrics such as fill volume, depth provision, spread tightness, loan utilization, and market share.
Trust & Integration: Measures the extent of a market maker's integration with Forgd and the reliability of its reported data, with higher scores reflecting broader engagement coverage, verified transparency, and consistent reporting integrity.
Coverage & Capabilities: Assesses the breadth of a market maker's operational reach and technical sophistication, including multi-chain support, exchange connectivity, and the ability to execute complex launch and liquidity strategies.
Uptime: Reflects a market maker's historical adherence to contractual KPIs, measuring the consistency with which quoted spread and depth obligations are met across tracked engagements.
Integration Level: Evaluates the extent of a market maker's operational integration with Forgd, with higher levels reflecting the ability to both participate in RFQs and provide historical and real-time engagement data.
Composite Score: An overall performance rating calculated as a weighted aggregation of Trading KPIs, Trust & Integration, Coverage & Capabilities, and Uptime, with greater emphasis placed on demonstrated trading performance.