How Blackhole V2 looks today
Decentralized (DEX). Country Cayman Islands. Established 2024. Trust rank 308. Reported 24h volume 3.41 BTC.
Coverage: 57 active pairs across 37 tradable assets. Liquidity profile: Low. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 79.6%. Key pairs include WETH/WAVAX, SUPER/USDC, MOANI/WAVAX, CAI/WAVAX. Leading pair WETH/WAVAX. Median spread on leading markets 0.61%.
Liquidity structure and trading conditions
Volume mix: WAVAX is the largest tracked quote currency at about 45.8% of measured flow. Data scope: 57 tickers observed, with spread readings on 57 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 shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fills.
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