Honeyswap market summary
Decentralized (DEX). Established 2020. Trust rank 646. Reported 24h volume 0.03 BTC.
Coverage: 32 active pairs across 23 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 97.6%. Key pairs include WETH/XDAI, WBTC/XDAI, WETH/WBTC, FOX/XDAI. Leading pair WETH/XDAI. Median spread on leading markets 0.66%.
Interpreting coverage and execution quality
Volume mix: XDAI is the largest tracked quote currency at about 72.1% of measured flow. Data scope: 32 tickers observed, with spread readings on 32 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
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