Bluefin overview
Decentralized (DEX). Trust rank 113. Reported 24h volume 786.62 BTC.
Coverage: 54 active pairs across 37 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 93.5%. Key pairs include SBUSDT/USDC, SUI/USDC, SUIUSDE/USDC, XBTC/USDC. Leading pair SBUSDT/USDC. Median spread on leading markets 0.60%.
Liquidity structure and trading conditions
Volume mix: USDC is the largest tracked quote currency at about 88.6% of measured flow. Data scope: 64 tickers observed, with spread readings on 64 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 shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. When comparing venues, weigh breadth, concentration, spreads, and the key pairs list to match the venue to your execution style.
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