Zaif market summary
Decentralized (DEX). Country Japan. Established 2015. Trust rank 164. Reported 24h volume 15.70 BTC.
Coverage: 25 active pairs across 17 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Wide. Top ten pairs share 100.0%. Key pairs include ETH/JPY, BTC/JPY, XYM/JPY, BCH/JPY. Leading pair ETH/JPY. Median spread on leading markets 1.45%.
Liquidity structure and trading conditions
Volume mix: JPY is the largest tracked quote currency at about 99.8% of measured flow. Data scope: 25 tickers observed, with spread readings on 24 markets. 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 helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. Wider spreads on the leaders can raise execution cost, so limit orders and patient routing often work better. When comparing venues, weigh breadth, concentration,.
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