NILE market summary
Decentralized (DEX). Established 2022. Trust rank 882. Reported 24h volume 0.74 BTC.
Coverage: 8 active pairs across 7 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include 0X176211869CA2B568F2A7D4EE941E073A821EE1FF/0XE5D7C2A44FFDDF6B295A15C148167DAAAF5CF34F, 0XA219439258CA9DA29E9CC4CE5596924745E12B93/0X176211869CA2B568F2A7D4EE941E073A821EE1FF, 0X3AAB2285DDCDDAD8EDF438C1BAB47E1A9D05A9B4/0XE5D7C2A44FFDDF6B295A15C148167DAAAF5CF34F, 0X176211869CA2B568F2A7D4EE941E073A821EE1FF/0X3FF47C5BF409C86533FE1F4907524D304062428D. Leading pair 0X176211869CA2B568F2A7D4EE941E073A821EE1FF/0XE5D7C2A44FFDDF6B295A15C148167DAAAF5CF34F. Median spread on leading markets 0.63%.
Understanding activity and pricing
Volume mix: 0XE5D7C2A44FFDDF6B295A15C148167DAAAF5CF34F is the largest tracked quote currency at about 87.2% of measured flow. Data scope: 8 tickers observed, with spread readings on 8 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage reflects breadth of markets you can access here, which matters when you need alternatives beyond the top pair. Concentration indicates how much of the venue depends on its leaders versus a wider set of pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. A good read is to pa.
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