Market snapshot for Bilaxy
Decentralized (DEX). Country Seychelles. Established 2018. Trust rank 240. Reported 24h volume 603.12 BTC.
Coverage: 366 active pairs across 365 tradable assets. Liquidity profile: Moderate. Concentration: Diversified. Execution quality: Wide. Top ten pairs share 56.8%. Key pairs include ETH/USDT, BTC/USDT, SOL/USDT, BNB/USDT. Leading pair ETH/USDT. Median spread on leading markets 0.90%.
How to read the key metrics
Volume mix: USDT is the largest tracked quote currency at about 55.2% of measured flow. Data scope: 372 tickers observed, with spread readings on 300 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. A lower top ten share points to more distributed activity across pairs, which can help diversify execution paths. When spreads widen, execution becomes more sensitive to order typ.
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