Butter.xyz exchange overview
Decentralized (DEX). Established 2023. Trust rank 765. Reported 24h volume 0.01 BTC.
Coverage: 6 active pairs across 4 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Wide. Top ten pairs share 100.0%. Key pairs include USDC/USDT, USDC/WMNT, USDC/WETH, USDT/WMNT. Leading pair USDC/USDT. Median spread on leading markets 0.84%.
Liquidity structure and trading conditions
Volume mix: USDT is the largest tracked quote currency at about 63.1% of measured flow. Data scope: 7 tickers observed, with spread readings on 7 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 helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A smaller pair set often means the leading markets drive most outcomes, so focus on the top pairs and spread conditions. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. Wider spreads on the leaders can raise execution cost, so lim.
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