Byreal exchange overview
Decentralized (DEX). Trust rank 141. Reported 24h volume 158.74 BTC.
Coverage: 48 active pairs across 46 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 95.3%. Key pairs include XAUT0/USDT, PYBOBO/USDC, TSLAX/USDC, BIRB/USDC. Leading pair XAUT0/USDT. Median spread on leading markets 0.60%.
Understanding activity and pricing
Volume mix: USDC is the largest tracked quote currency at about 58.0% of measured flow. Data scope: 48 tickers observed, with spread readings on 48 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage reflects breadth of markets you can access here, which matters when you need alternatives beyond the top pair. Concentration indicates how much of the venue depends on its leaders versus a wider set of pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. 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