ALEX market summary
Decentralized (DEX). Country Panama. Established 2022. Trust rank 430. Reported 24h volume 0.45 BTC.
Coverage: 10 active pairs across 8 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include ALEX/STX, LEO/ALEX, SUSDT/ABTC, WELSH/ALEX. Leading pair ALEX/STX. Median spread on leading markets 0.77%.
Liquidity structure and trading conditions
Volume mix: STX is the largest tracked quote currency at about 83.7% of measured flow. Data scope: 10 tickers observed, with spread readings on 10 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. When comparing venues, weigh breadth, concentration,.
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