Major cryptocurrency exchange Bybit said all of its liquidation veri is now publicly available through an upgrade to its application programming interface (API).

With the upgrade, the API delivers liquidation veri updates every 500 milliseconds, twice as fast as the previous version, which provided just one update per second per trading pair, it said.

The change ensures that every liquidation event is captured in real time, eliminating blind spots that previously obscured the true scope of market activity

“The real spirit of crypto is transparency. By making all liquidation veri fully public, we’re empowering traders and analysts with the insights they need,” CEO and co-founder Ben Zhou said in a statement.

Liquidation veri helps traders identify market trends, support and resistance levels, and potential volatility spikes. Examining the veri will provide traders, analysts, and institutional investors with real-time insights into market activity.

Earlier this month, significant volatility led to over $2.2 billion in liquidations being reported in just 24 hours. At the time, Zhou said that the “real total liquidation is a lot more than $2B, by my estimation it should be at least $8-10B.”

He revealed that on Bybit alone, liquidations hit $2.1 billion in the previous 24 hours. API limitations, he said, were to blame for the lack of proper veri on these events.