Trading activity:
Reported 24-hour volume equals 1.05% of market capitalization. The local markets snapshot lists Raydium among venues with observed trading activity.
YearBull indicators:
YearBull Rank #9,215. Bull Score 37/100.
YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment.
Cycle Early. Observed price change: 24h 0.00% · 7d 0.00% · 30d 0.00%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 90 days available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Adrena (ADX)?
Source description
“## What Is Adrena (ADX)? Adrena is a decentralized, open source, peer-to-pool spot and perpetual exchange built on Solana with low swap fees and low price impact trades. The dapp is permissionless, meaning anyone can trade directly from their own wallet unlike most perp dexs which require you to create an account and deposit assets. Trading is supported by a multi-asset pool that earns liquidity providers fees from lending to traders, swap fees, and additonal token incentives. The application is supported by a 2-token model; $ADX (governance token) and $ALP (LP token). $ADX gives users voting rights to control the platform through the Adrena DAO. $ADX also participates in 20% revenue share of the platform. $ALP is the representation of the multi-asset pool and earns 70% of the platform revenue.”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Adrena (ADX) FAQ
How does Adrena’s peer-to-pool trading model work?
Adrena presents itself as a decentralized, open-source, peer-to-pool exchange for spot and perpetual trading on Solana. Rather than matching every trade through a conventional order book, its model uses a multi-asset pool as the counterparty for traders. The project says this structure supports low swap fees and low price-impact trades, while allowing liquidity providers to earn fees and token incentives.
What does permissionless wallet-based trading mean on Adrena?
The project states that traders can interact with the application directly from their own wallets without creating an account or depositing assets into a separate custodial account. This permissionless design applies to Adrena’s spot and perpetual markets. Users therefore retain wallet-based control while accessing the exchange, although the project does not specify every operational or eligibility requirement for using the platform.
How does Adrena’s multi-asset pool support liquidity providers?
Adrena says its multi-asset pool lends liquidity to traders and distributes platform-related rewards to liquidity providers. These returns are described as coming from lending activity, swap fees, and additional token incentives. The pool is represented by the $ALP token, which the project presents as an LP token. The exact fee calculation, risk controls, and redemption conditions are not specified here.
What roles do ADX and ALP play in Adrena’s two-token model?
The project describes $ADX as the governance token and $ALP as the token representing participation in the multi-asset liquidity pool. According to Adrena, $ADX holders receive voting rights through the Adrena DAO, while $ALP holders participate in the pool’s revenue allocation. Adrena also states that $ADX participates in 20% of platform revenue and $ALP earns 70%, though the distribution mechanics are not detailed.
How is governance organized through the Adrena DAO?
Adrena positions the Adrena DAO as the mechanism through which $ADX holders control the platform. Holding $ADX is described as granting voting rights, linking the token to decisions about the protocol’s direction and operation. The project does not specify the proposal process, quorum requirements, voting periods, delegation rules, or how approved decisions are implemented.
Adrena metric comparison
This comparison is a stored snapshot generated 2026-10-23 06:30 UTC from 293 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$0.00004396
$0.00004396
$0.00011473
0.0%
n/a
Market cap
$43.4K
$43.4K
$113.3K
0.0%
P21.1
YearBull Rank
n/a
n/a
#5,803
n/a
n/a
Bull Score
n/a
n/a
15/100
n/a
n/a
Turnover
1.05%
1.05%
0.00%
0.0 pts
P57.6
YB Market Risk
n/a
n/a
Low
n/a
n/a
Cycle
n/a
n/a
Early
n/a
n/a
Median absolute daily movement 2.94%; distance from the highest local daily price -98.7%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank update
Most recent YearBull Rank reading for adrena is #9215.
Rank timeline (last 365 days)
Rank change (reference points).
Reading rule: lower is better in this ranking.
7d window: no reference point available.
30d window: no reference point available.
Cycle view: If the 7d is weak but 30d is strong, it can be a pullback in an up-phase.
Risk view: If the last month is chaotic, widen the lookback before concluding.
Market access: If the line range narrows, access may be stabilizing.
Liquidity framing: If the curve jumps, check whether the cohort moved too (relative effects).
Practical note: stability often signals more than spikes.
YearBull Rank is a relative placement score used on YearBull to compare a coin against peers within the same dataset. Smaller numbers mean the coin sits higher in the YearBull list. It is meant for comparison and tracking, not certainty.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Stored venue snapshot. Markets last checked: 2026-07-26. Updated on a rolling basis; no fixed refresh date is promised. Venue listings and volumes are stored snapshots, not live quotes.
