Liquidity Fragmentation Index (M50008)
Liquidity Fragmentation Index — volume classic metric served by the Madjik API.
| Metric ID | M50008 |
|---|---|
| Category | volume |
| Classification | classic |
| Tier | basic |
| Computation | Classical (SQL) |
| Methods | progr |
| Cadence | 15min |
| Computed by | Black Belt Labs |
| Freshness | fresh |
Methodology
Cross-venue liquidity fragmentation from BBL orderbook snapshots (Binance, Coinbase, Kraken; BTC and ETH books). Each venue's share of total quoted depth within 2% of mid (bids+asks, latest snapshot per book) feeds a Herfindahl index, normalized so 0 = all depth on one venue and 100 = depth spread evenly across the three tracked venues; averaged over BTC and ETH. Venue set is declared and fixed at three.
Classic metric: its substance is available elsewhere; Madjik serves it with full history, variants and provenance.
Access this metric
# latest value
curl -H "X-API-Key: YOUR_API_KEY" "https://api.madjik.io/v1/metrics/M50008"
# history with provenance
curl -H "X-API-Key: YOUR_API_KEY" "https://api.madjik.io/v1/metrics/M50008/timeseries?interval=1h"
# variant grid / all computation methods
curl -H "X-API-Key: YOUR_API_KEY" "https://api.madjik.io/v1/metrics/M50008/variants"
curl -H "X-API-Key: YOUR_API_KEY" "https://api.madjik.io/v1/metrics/M50008/methods"Response shapes: Response format · provenance labels: Data provenance · public methodology row: api.madjik.io/methodology
Overview page on the main site: https://www.madjik.io/metrics/m50008-liquidity-fragmentation-index/