Hydration exchange overview
Decentralized (DEX). Established 2020. Trust rank 935. Reported 24h volume 44.05 BTC.
Coverage: 52 active pairs across 26 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 93.9%. Key pairs include USDC/USDT, HOLLAR/H2O, HOLLAR/USDT, DOT/GDOT. Leading pair USDC/USDT.
What the key metrics mean
Volume mix: USDT is the largest tracked quote currency at about 43.0% of measured flow. Data scope: 52 tickers observed. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. 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 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