BYDFi exchange overview
Decentralized (DEX). Country Canada. Established 2020. Trust rank 68. Reported 24h volume 3079.77 BTC.
Coverage: 377 active pairs across 333 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 73.7%. Key pairs include BTC/USDT, ETH/USDT, PAXG/USDT, SAHARA/USDT. Leading pair BTC/USDT. Median spread on leading markets 0.03%.
How to read the key metrics
Volume mix: USDT is the largest tracked quote currency at about 97.2% of measured flow. Data scope: 377 tickers observed, with spread readings on 300 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. 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 broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. Spreads are tight on the leading markets, which is consistent with smoother execution for common order sizes. When comparing venues, weigh b.
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