Baguette market summary
Decentralized (DEX). Established 2021. Trust rank 1078.
Coverage: 1 active pairs across 1 tradable assets. Liquidity profile: Low. Concentration: Diversified. Execution quality: Competitive. Key pairs include SHIBX/WAVAX.
How to read the key metrics
Volume mix: WAVAX is the largest tracked quote currency at about 100.0% of measured flow. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread is a practical measure of how tight pricing tends to be on the leading markets. A smaller pair set often means the leading markets drive most outcomes, so focus on the top pairs and spread conditions. For venue selection, combine breadth, concentration, and spread conditions with the key pairs list to understand where activity really sits.
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