How Honeyswap (Polygon) looks today
Decentralized (DEX). Established 2021. Trust rank 490. Reported 24h volume 0.02 BTC.
Coverage: 5 active pairs across 5 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include AAAVE/WETH, USDC.E/WETH, WBTC/WETH, WETH/USDT0. Leading pair AAAVE/WETH. Median spread on leading markets 0.67%.
Interpreting coverage and execution quality
Volume mix: WETH is the largest tracked quote currency at about 97.7% of measured flow. Data scope: 5 tickers observed, with spread readings on 5 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. Coverage reflects breadth of markets you can access here, which matters when you need alternatives beyond the top pair. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A smaller pair set often means the leading markets drive most outcomes, so focus on the top pairs and spread conditions. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. When comparing venues, weigh breadth, concent.
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