Phux overview
Decentralized (DEX). Established 2023. Trust rank 867. Reported 24h volume 1.36 BTC.
Coverage: 120 active pairs across 49 tradable assets. Liquidity profile: Low. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 82.2%. Key pairs include USDC/DAI, USDT/USDC, HEXDC/DAI, USDT/DAI. Leading pair USDC/DAI. Median spread on leading markets 0.62%.
Interpreting coverage and execution quality
Volume mix: DAI is the largest tracked quote currency at about 45.9% of measured flow. Data scope: 187 tickers observed, with spread readings on 187 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage reflects breadth of markets you can access here, which matters when you need alternatives beyond the top pair. Concentration tells you if activity is focused on a few markets or distributed across many pairs. 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