Etherex Legacy exchange overview
Decentralized (DEX). Trust rank 288. Reported 24h volume 3.94 BTC.
Coverage: 11 active pairs across 8 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include USDC/USDT, FOXY/WETH, REX/WETH, USDC/REX33. Leading pair USDC/USDT. Median spread on leading markets 0.61%.
Interpreting coverage and execution quality
Volume mix: USDT is the largest tracked quote currency at about 69.9% of measured flow. Data scope: 11 tickers observed, with spread readings on 11 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration indicates how much of the venue depends on its leaders versus a wider set of 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,.
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