About Hydranet
What Is Hydranet (HDN)? Hydranet is a web3 crypto wallet that integrates a unique decentralized exchange (DEX), offering trustless, peer-to-peer trading with instant trade confirmations and no network fees, even across different blockchains. Using Hydranet, traders no longer need to deposit their funds to centralized exchanges (CEX) and risk their security. Instead, they can trade directly on Hydranet, benefiting from similar capabilities as on CEXs but maintaining full control of their private keys. Hydranet leverages and combines off-chain protocols such as the Lightning Network for Bitcoin and Hydranet’s Lithium Network for EVM and smart contract-based blockchains. Off-chain protocols enable transaction processing outside the blockchain, allowing users to conduct multiple transactions without recording every single one on the blockchain. This approach reduces transaction costs, improves scalability and speeds up transaction confirmations, addressing some of the key limitations of on-chain transactions (high fees and network congestion). This is how Hydranet offers decentralized trading with instant trade confirmations and no network fees. Hydranet is designed for everyone, offering multiple trading interfaces. Casual traders can use a user-friendly interface similar to popular DEXs for a simplified one-click trading experience, while experienced traders can opt for an order book interface or API, providing greater flexibility for advanced trading strategies. Beyond its key features - instant trades, zero network fees, and cross-blockchain trading - Hydranet introduces several innovations: the first-ever Lightning (and Lithium) off-chain nodes running directly in a browser, an external off-chain signer for secure off-chain transaction signing, and the Lithium protocol for off-chain EVM token transactions. Read more about Hydranet on their documentation page: What Powers Hydranet? Hydranet’s DEX is powered by the Hydranet Network, an infrastructure overseen by two key roles: Titans and Guardians. Titans are responsible for ensuring the network’s continuous operation by hosting the exchange’s order book and acting as the matchmaking engine for traders. Guardians, on the other hand, safeguard the integrity of the network by monitoring the behavior of both traders and Titans, ensuring compliance with the network’s rules, and penalizing violators as necessary. HDN token holders can participate in the Hydranet Network by collateralizing their tokens to run Titans or Guardians, and thereby contributing to the network's operations and security. What Makes Hydranet Unique? Hydranet offers an entirely new approach to solving the blockchain trilemma of security, scalability, and decentralization. While many decentralized projects turn to sidechains to address scalability, Hydranet takes a different route by using scalability protocols that run on top of established blockchains. Sidechains often lead to issues in DeFi, such as liquidity fragmentation and increased ecosystem complexity. By focusing on scalability protocols, Hydranet allows original chains like Bitcoin and Ethereum to scale without sacrificing liquidity, decentralization, or security. Hydranet doesn’t just enhance the scalability of these blockchains, it also connects them, enabling seamless cross-blockchain trading with full control, instant confirmations, and zero network fees!
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Market Stats
Market Cap
$7,253,478.32
-2.95%
FDV
$12,114,352.28
Circulating Supply
179,625,245 HDN
Max Supply
300,000,000 HDN
Total Supply
300,000,000 HDN
Diluted Valuation
$12,115,225.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$72,178.47
0.03%
Volume (7D)
$554,690.49
Volume (30D)
$2,322,332.67
All time high
$0.18
Overall Price Change (1Y)
0.08%
Additional info about Hydranet
Recent trends
The price of Hydranet has increased by 0.05% in the last hour and decreased by 3.05% in the past 24 hours. Hydranet’s price has also risen by 0.65% in the past week. The current price is $0.0404 per HDN with a 24-hour trading volume of $72.18K. Currently, Hydranet is valued at 77.06% below its all time high of $0.18. This all-time high was the highest price paid for Hydranet since its launch. The current circulating supply of Hydranet is 179,625,245 HDN which means that Hydranet has as total market cap of $7,253,478.32.
Market details
HDN vs markets
↘ 15.98%
HDN vs BTC
↘ 27.58%
HDN vs ETH
↗ 96.35%
Tags
defi
dao
cross-chain
Network & Addresses
Network | Address | |
|---|---|---|
Arbitrum | 0x3404149e9EE6f17Fb41DB1Ce593ee48FBDcD9506 | |
Arbitrum | 0xB0F66Bdb39acBb043308eb9Dbe78F5bB47ea5430 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0404 | ↘ 3.05% |
1 Day | $0.0417 | ↘ 3.05% |
1 Week | $0.0399 | ↗ 0.65% |
1 Month | $0.0247 | ↗ 63.48% |
1 Year | $0.0375 | ↗ 7.77% |
FAQ
Hydranet (HDN) is a Decentralized Autonomous Organization that has developed the Hydranet DEX, a Layer 3 trading platform. This platform seeks to bridge the worlds of Bitcoin and Ethereum using Layer 2 off-chain protocols such as the Lightning Network and the Connext Vector Network. The Hydranet DEX allows users to trade between Bitcoin and EVM-based blockchains without giving up custody of their funds, with near-instant settlement times and low costs. The Hydranet Network, which hosts the DEX's limit order book, powers the Hydranet DEX. The network is maintained by two distinct actors: Titans and Guardians, who aim to ensure the network's continuous operation and integrity, respectively.
Hydranet operates through its Hydranet DEX, a Layer 3 trading platform that uses Layer 2 off-chain protocols. Trades on the Hydranet DEX are executed off-chain, fully peer-to-peer, and are secured using hashed timelock contracts. This means that either both peers or no peer receives the agreed-upon funds. The Hydranet DEX is powered by the Hydranet Network, which is overseen by Titans and Guardians. Titans aim to ensure the network's continuous operation by hosting the exchange's limit order book, offering rental liquidity, and acting as a matchmaking engine between trading peers. Guardians strive to uphold the network's integrity by monitoring the behavior of both traders and Titans to ensure compliance with the network's rules.
Hydranet seeks to address the critical challenges associated with self-custody, transaction times, transaction costs, and scalability in the world of cryptocurrency trading. The Hydranet DEX offers a solution to these challenges by operating on a trustless basis, meaning users always retain control of their funds. The DEX leverages off-chain technologies to aim to enhance transaction times and reduce costs significantly. By keeping the transaction process off the main blockchains, trades are executed near-instantly and for minimal fees. This positions Hydranet as a potential solution for individuals and organizations looking for a platform for cryptocurrency trading.
Hydranet released the first version of the Hydranet DEX on the 23rd of September 2023. This version was delivered as a downloadable desktop client and offered an interface and trading experience, along with security features. Hydranet worked on an upgraded version of their DEX, a platform-agnostic web version that was readily available from the browser. This web version inherited all the components of its desktop counterpart as well as Hydranet’s EVM off-chain protocol, Lithium. The Hydranet project is community-driven, with a diverse team of volunteers dedicating their time to its development and management.
We update our Hydranet to USD currency in real-time. Get the live price of Hydranet on Coinbase.
The current market cap of Hydranet is $7.25M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hydranet is $0.18. This all-time high is highest price paid for Hydranet since it was launched.
Over the last 24 hours, the trading volume of Hydranet is $72.18K.
Assets that have a similar market cap to Hydranet include MUX Protocol, Venus LTC, Cipher, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hydranet is 180 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#1995
Contributors
35
Posts
70
% About Hydranet
0.015%
Hold times
0 days
X (Twitter)
76.08% bullish
Sentiment
4.5 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
35 unique individuals are talking about Hydranet and it is ranked #1,995 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Hydranet has an average sentiment score of 90 out of 5. Finally, Hydranet is becoming less newsworthy, with 0 news articles published about Hydranet.
On Twitter, people are mostly bullish about Hydranet. There were 76.43% of tweets with bullish sentiment compared to 0.46% of tweets with a bearish sentiment about Hydranet. 23.57% of tweets were neutral about Hydranet. These sentiments are based on 42 tweets.
On Reddit, Hydranet was mentioned in 9 Reddit posts and there were 3 comments about Hydranet. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.