OpenOcean exchange overview
Decentralized (DEX). Established 2020. Trust rank 891. Reported 24h volume 202.46 BTC.
Coverage: 95 active pairs across 29 tradable assets. Liquidity profile: Moderate. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 84.0%. Key pairs include USDC/USDT, USDT/USDC, USDC/DAI, ETH/USDT. Leading pair USDC/USDT.
Interpreting coverage and execution quality
Volume mix: USDT is the largest tracked quote currency at about 42.1% of measured flow. Data scope: 95 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 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. When comparing venues, weigh breadth, concentration, spreads, and the key pairs list to match the venue to your execution style.
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