Carbon Defi (Ethereum) overview
Decentralized (DEX). Country Switzerland. Established 2023. Trust rank 804. Reported 24h volume 0.09 BTC.
Coverage: 15 active pairs across 10 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 97.8%. Key pairs include PAXG/XAUT, WSTETH/SUSDS, USDC/USDT, AMPL/USDT. Leading pair PAXG/XAUT. Median spread on leading markets 0.66%.
How to read the key metrics
Volume mix: SUSDS is the largest tracked quote currency at about 35.4% of measured flow. Data scope: 15 tickers observed, with spread readings on 14 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. 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 summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. To evaluate fit, use coverage, co.
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