Balancer V2 overview
Decentralized (DEX). Established 2020. Trust rank 320. Reported 24h volume 15.55 BTC.
Coverage: 90 active pairs across 65 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.0%. Key pairs include 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48, 0X7F39C581F595B53C5CB19BD0B3F8DA6C935E2CA0/0X7FC66500C84A76AD7E9C93437BFC5AC33E2DDAE9, 0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48/0XDAC17F958D2EE523A2206206994597C13D831EC7, 0X2260FAC5E5542A773AA44FBCFEDF7C193BC2C599/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2. Leading pair 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48. Median spread on leading markets 0.61%.
How to read the key metrics
Volume mix: 0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48 is the largest tracked quote currency at about 73.9% of measured flow. Data scope: 113 tickers observed, with spread readings on 113 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration indicates how much of the venue depends on its leaders versus a wider set of pairs. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fill.
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