How Blackhole V2 looks today
Decentralized (DEX). Country Cayman Islands. Established 2024. Trust rank 486. Reported 24h volume 0.74 BTC.
Coverage: 48 active pairs across 35 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 85.6%. Key pairs include 0XC891EB4CBDEFF6E073E859E987815ED1505C2ACD/0XB97EF9EF8734C71904D8002F8B6BC66DD9C48A6E, 0X09FA58228BB791EA355C90DA1E4783452B9BD8C3/0XB97EF9EF8734C71904D8002F8B6BC66DD9C48A6E, 0X26DEBD39D5ED069770406FCA10A0E4F8D2C743EB/0XB97EF9EF8734C71904D8002F8B6BC66DD9C48A6E, 0XB8D7710F7D8349A506B75DD184F05777C82DAD0C/0XB31F66AA3C1E785363F0875A1B74E27B85FD66C7. Leading pair 0XC891EB4CBDEFF6E073E859E987815ED1505C2ACD/0XB97EF9EF8734C71904D8002F8B6BC66DD9C48A6E. Median spread on leading markets 0.61%.
Liquidity structure and trading conditions
Volume mix: 0XB97EF9EF8734C71904D8002F8B6BC66DD9C48A6E is the largest tracked quote currency at about 64.1% of measured flow. Data scope: 48 tickers observed, with spread readings on 48 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