About Hydranet
What is the project about? Hydranet is the first fully decentralized trading network that combines the speed and cost-efficiency of centralized exchanges, while preserving the self-custody and security of DeFi. Leveraging off-chain protocols such as the Lightning Network for Bitcoin and Hydranet’s Lithium Network for EVM and smart contract-based blockchains, Hydranet offers trustless, peer-to-peer trading with instant trade confirmations and zero network fees, even when trading between different blockchains. Using Hydranet, traders no longer need to compromise on security, scalability, and decentralization - they get it all! Hydranet is designed for everyone, offering multiple trading interfaces. Casual traders can use recognizable interfaces 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-chain trading - Hydranet introduces several innovations: the Lithium protocol (a state channel protocol for smart contract-based blockchains akin to the Lightning Network), the first-ever Lightning (and Lithium) off-chain nodes running directly in a browser environment, and an external off-chain signer for secure signatures of off-chain transactions. Read more about Hydranet on their documentation page: What makes your project unique? Hydranet offers an entirely new approach to solving the blockchain trilemma of security, scalability, and decentralization. While other decentralized projects turn to sidechains to address scalability, Hydranet takes a different route by using off-chain 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 off-chain protocols, Hydranet allows original blockchains such as 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-chain trading with full control, instant confirmations, and zero network fees! What can your coin/token be used for? HDN is the native token of the Hydranet Network and plays a central role in the network’s operation and governance. It enables community members to actively participate in maintaining and securing the decentralized infrastructure that powers Hydranet’s off-chain DEX. By locking HDN as collateral, token holders can operate Titans or Guardians - two key node roles in the Hydranet Network. Titans facilitate the trading process by hosting the off-chain order book and matching trades, while Guardians ensure network integrity by monitoring behavior and enforcing protocol rules. Both roles are essential to the trustless, decentralized operation of the network, and are rewarded for their contributions.
Get up to $200 for getting started
Sign me up
Trading Insights
Searched
7
Market Stats
Market Cap
$7.71M
FDV
$12.61M
Circ. Supply
183M HDN
Max Supply
300M HDN
Total Supply
300M HDN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$181.37K
6.03%
Volume (7D)
$1.23M
Volume (30D)
$5.26M
All time high
$0.18
Price Change (1Y)
215.83%
Additional details
Market details
HDN vs markets
↗ 66.43%
HDN vs BTC
↗ 53.68%
HDN vs ETH
↗ 78.03%
Tags
defi
dao
cross-chain
Network & Addresses
Network | Address | |
|---|---|---|
Arbitrum | 0x3404149e9EE6f17Fb41DB1Ce593ee48FBDcD9506 | |
Arbitrum | 0xB0F66Bdb39acBb043308eb9Dbe78F5bB47ea5430 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0421 | ↘ 0.63% |
1 Day | $0.0424 | ↘ 0.63% |
1 Week | $0.0409 | ↗ 3.07% |
1 Month | $0.0365 | ↗ 15.32% |
1 Year | $0.0133 | ↗ 215.83% |
Coinbase insights
Recent trends
The latest HDN price is $0.0421. Compared to Hydranet's value of $0.04 from 24 hours ago, there's been a -1% decrease, while the current price is 3% up from $0.04 which was recorded one week ago. Hydranet's all time high is $0.18, which was reached on November 19, 2023. This is a -76% change from its price today.
The current circulating supply of Hydranet is 183,413,167. This is 61% of its max supply of 300,000,000 HDN and 61% of its total supply of 300,000,000. The market cap is currently $7.71M, which is a result of multiplying the current price of Hydranet($0.04) by the total supply(300,000,000 HDN). The fully diluted valuation of Hydranet is $12.61M. The diluted valuation of Hydranet is $12.61M.
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 $7.71M. 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 $181.37K.
Assets that have a similar market cap to Hydranet include Lingo, Veno Finance, OVR, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hydranet is 183 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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
#3709
Contributors
23
Posts
33
% About Hydranet
0.002%
Hold times
0 days
X (Twitter)
27.59% bullish
Sentiment
5.0 ★
Highlights
23 unique individuals are talking about Hydranet and it is ranked #3,709 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 100 out of 5. Finally, Hydranet is becoming less newsworthy, with 0 news articles published about Hydranet.
On Twitter, people are mostly neutral about Hydranet. There were 27.59% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Hydranet. 72.41% of tweets were neutral about Hydranet. These sentiments are based on 33 tweets.
On Reddit, Hydranet was mentioned in 0 Reddit posts and there were 0 comments about Hydranet. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Hydranet calculator
Related assets
Learn how to buy other popular cryptocurrencies
Discover popular crypto to currency conversions
Discover currency conversions
Legal
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.
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.