Market snapshot for Minswap
Decentralized (DEX). Established 2022. Trust rank 194. Reported 24h volume 25.02 BTC.
Coverage: 106 active pairs across 88 tradable assets. Liquidity profile: Low. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 80.7%. Key pairs include NIGHT/ADA, USDA/ADA, IUSD/USDM, IUSD/USDC. Leading pair NIGHT/ADA. Median spread on leading markets 0.60%.
What the key metrics mean
Volume mix: ADA is the largest tracked quote currency at about 61.7% of measured flow. Data scope: 127 tickers observed, with spread readings on 127 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. 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