About Hydro Protocol
Market Stats
Market Cap
No data
FDV
No data
Circulating Supply
No data
Max Supply
No data
Total Supply
1,560,000,000 HOT
Hold Time
No data
Performance
Popularity
No data
Dominance
No data
Volume (24H)
$75,888.36
-0.2%
All time high
$0.29
Additional info about Hydro Protocol
Networks and details
The price of Hydro Protocol has increased by 0.53% in the last hour and increased by 7.46% in the past 24 hours. Hydro Protocol’s price has also fallen by 11.83% in the past week. The current price is $0.0011 per HOT with a 24-hour trading volume of $75.89K. Currently, Hydro Protocol is valued at 99.60% below its all time high of $0.29. This all-time high was the highest price paid for Hydro Protocol since its launch.
The current circulating supply of Hydro Protocol is 0 HOT which means that Hydro Protocol has as total market cap of $0.00.
Price history
Today | $0.0011 | ↗ 7.46% |
1 Day | $0.0011 | ↗ 7.46% |
1 Week | $0.0013 | ↘ 11.83% |
1 Month | $0.0017 | ↘ 34.30% |
1 Year | $0.0019 | ↘ 39.94% |
Market details
Performance against other markets | ↘ 41.64% |
Performance against BTC | ↘ 50.7% |
Performance against ETH | ↗ 15.99% |
Performance in the past year | ↘ 39.94% |
FAQ
Hydro (HOT) is an open-source protocol that allows developers to create decentralized exchanges or DEXs. This framework aims to provide DeFi developers with a simple platform without the hassles and costs of developing, implementing, and securing smart contracts. Further, traders use the DEX built on the Hydro platform utilizing smart contracts. In a broader sense, the Hydro project comprises a collection of open-access smart contracts and modules for building ERC20 token exchange capability that is efficient, quick, and safe.
According to the official document of the platform, Hydro seeks to make it possible to provide a framework for exchanges to build on through the use of smart contracts. Smart contracts are similar to regular paper contracts but deployed on a blockchain as protocols. The framework emphasizes liquidity; having named it Hydro, this protocol aims to offer frictionless trading. The Hydro smart contracts are also multichain compatible, allowing developers to utilize possibilities across a range of blockchains.
Importantly, the protocol seeks to enable Hydro relayers, which are the DEXs built on the platform, to collect fees as a proportion of the tokens being exchanged without the use of third-party tokens. As a result of this feature, the relayers seek to receive unlimited flexibility with no token holding constraints or token costs. Moreover, the platform states that Hydro aims to enable even established platforms to transfer their liquidity to a decentralized market. Hydro creates single-sided and multi-sided marketplaces for lending protocols, predictions markets, and a variety of other DeFi applications.
The native token of the Hydro protocol is HOT. The platform states that Hydro relayers benefit primarily from trading fees as well as the ‘Hydro protocol economic incentives,’ a voluntary scheme. Thereby, HOT tokens are automatically distributed to relayers who engage in the Hydro economics according to the number of exchanges they make. With regards to the optional incentive structure based on the HOT token, the protocol seeks to allow traders who possess the HOT token to trade at a lesser amount.
We update our Hydro Protocol to USD currency in real-time. Get the live price of Hydro Protocol on Coinbase.
The current market cap of Hydro Protocol is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hydro Protocol is $0.29. This all-time high is highest price paid for Hydro Protocol since it was launched.
Over the last 24 hours, the trading volume of Hydro Protocol is $75.89K.
Assets that have a similar market cap to Hydro Protocol include ExchangeCoin, Calcium, FreeBnk, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hydro Protocol is 0.
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Social stats
Popularity in posts
#295
Contributors
374
Posts
607,635
% About Hydro Protocol
0.101%
Hold times
0 days
X (Twitter)
66.78% bullish
Sentiment
4 ★
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
374 unique individuals are talking about Hydro Protocol and it is ranked #295 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Hydro Protocol has an average sentiment score of 4 out of 5. Finally, Hydro Protocol is becoming more newsworthy, with 0 news articles published about Hydro Protocol. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Hydro Protocol. There were 66.78% of tweets with bullish sentiment compared to 1.36% of tweets with a bearish sentiment about Hydro Protocol. 31.86% of tweets were neutral about Hydro Protocol. These sentiments are based on 589 tweets.
On Reddit, Hydro Protocol was mentioned in 1 Reddit posts and there were 3 comments about Hydro Protocol. On average, there were more 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.