First Ledger market summary
Decentralized (DEX). Trust rank 261. Reported 24h volume 35.27 BTC.
Coverage: 51 active pairs across 51 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.4%. Key pairs include 524C555344000000000000000000000000000000.RMXCKBEDWQR76QUHESUMDEGF4B9XJ8M5DE/XRP, 5553444300000000000000000000000000000000.RGM7WCVP9GB4JZHWTETGUR4DD74Z2XUWHE/XRP, 41524D5900000000000000000000000000000000.RGG3WQ4KUZD7JNMK1N5NWPZJJUT62KCBFC/XRP, 534F4C4F00000000000000000000000000000000.RSOLO2S1KIGECCN6HCUXVRCPGMWLRRRLZZ/XRP. Leading pair 524C555344000000000000000000000000000000.RMXCKBEDWQR76QUHESUMDEGF4B9XJ8M5DE/XRP. Median spread on leading markets 0.61%.
How to read the key metrics
Volume mix: XRP is the largest tracked quote currency at about 100.0% of measured flow. Data scope: 51 tickers observed, with spread readings on 51 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. 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. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fills.
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