How Etherex looks today
Decentralized (DEX). Trust rank 177. Reported 24h volume 55.97 BTC.
Coverage: 28 active pairs across 16 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.4%. Key pairs include USDC/WETH, MUSD/WETH, MUSD/USDC, LINEA/WETH. Leading pair USDC/WETH. Median spread on leading markets 0.61%.
What the key metrics mean
Volume mix: WETH is the largest tracked quote currency at about 78.3% of measured flow. Data scope: 33 tickers observed, with spread readings on 33 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 helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread is a practical measure of how tight pricing tends to be on the leading markets. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. For venue selection, combine breadth, concentration, and spread conditions with the key pairs list to understand where activity really sits.
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