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I just compared SNDKB, SNDKon, and BG’s rSNDK at the same time.
The SNDKB price spread is narrower, but the order book looks thinner; the immediate exchange cost for SNDKon is also higher. Instead, rSNDK’s buy and sell depth is clearly thicker, with slightly more capital, so the execution experience is more stable.
After this on-site test, BG’s advantage is very direct: it’s not only moving stocks on-chain, but also creating the actual liquidity that affects the trading experience.
The screenshots are below