How Sushiswap V3 (Katana) looks today
Decentralized (DEX). Trust rank 135. Reported 24h volume 144.67 BTC.
Coverage: 21 active pairs across 15 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.3%. Key pairs include VBUSDC/VBETH, VBWBTC/VBUSDC, VBUSDC/VBUSDT, VBUSDT/VBETH. Leading pair VBUSDC/VBETH. Median spread on leading markets 0.60%.
What the key metrics mean
Volume mix: VBETH is the largest tracked quote currency at about 62.6% of measured flow. Data scope: 23 tickers observed, with spread readings on 23 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. 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 summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. 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