Invariant (Eclipse) market summary
Decentralized (DEX). Country Poland. Established 2021. Trust rank 215. Reported 24h volume 0.64 BTC.
Coverage: 8 active pairs across 6 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include ETH/USDC, TETH/ETH, SOL/USDC, ES/USDC. Leading pair ETH/USDC. Median spread on leading markets 0.68%.
Liquidity structure and trading conditions
Volume mix: USDC is the largest tracked quote currency at about 82.2% of measured flow. Data scope: 20 tickers observed, with spread readings on 20 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. 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 captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. When comparing venues, weigh breadth, concentration, spreads, and.
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