Level 2 and liquidity on Solana: quiz

6 questions. Score 70% or more to pass. Not ready? Study the course first.

An AMM depth level of 500 SOL at $151 means: Someone placed a limit order for 500 SOL About 500 SOL can be bought before the pool price passes $151 500 SOL were just traded The pool holds exactly 500 SOL

On OpenBook, a resting order at $150 for 200 SOL means: A trader has actually placed a limit order to trade 200 SOL at $150 The AMM curve will move price to $150 after 200 SOL is traded 200 SOL is the token's total daily volume It's an estimate of future demand, not a real order

Why doesn't an AMM pool have 'orders' the way an order book does? Price and size at each level come from a bonding curve formula, not discrete limit orders AMMs secretly maintain a hidden off-chain order book AMMs only support market orders placed by bots AMMs require every trader to pre-register an order

What does the cumulative size column in MAPLUS Market Depth represent? The total quantity available from the current price out to each further price level The wallet's total token holdings The token's entire circulating supply The number of trades executed in the last hour

A token has 10,000 holders, but the top 10 wallets control 90% of supply. What does this reveal? High centralization risk despite a large total holder count The token is highly decentralized The token has deep order book liquidity The AMM pool is unusually stable

In MAPLUS Market Depth's consolidated mode, order book and AMM liquidity appear together. Why does each level still need a source badge? Because AMM depth is a curve-implied estimate while order book depth reflects real resting orders, and traders need to know which type they're seeing Because AMM levels expire automatically after one minute Because order book levels are always more accurate than AMM levels Because the badge determines which trading fee applies