HydraDX (HDX) offers a decentralized exchange and cross-chain liquidity protocol for efficient asset trading. More
| Fully Diluted Valuation | $54.74M |
|---|---|
| 24H Trading Volume | $23,677 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 5.89B |
| Total Supply | 6.42B |
| Max Supply | 6.50B |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Jakub Panik 2 more |
| Website | hydration.net |
| Socials | 4 more |
| Explorer | Subscan |
| Name | Pair | OG Score |
|---|
HydraDX (HDX) is a decentralized exchange (DEX) and cross-chain liquidity protocol built on Substrate, designed to enable efficient trading and asset gathering into a shared liquidity pool. It operates as a parachain in the Polkadot network, offering interoperability with other networks. HydraDX allows for the trading of Ethereum-based assets and is governed by its liquidity providers, users, and validators.
Technology and Features
HydraDX utilizes Substrate to provide a base layer for various financial use cases, including asset exchange. The protocol enables the communication with other networks, allowing Ethereum-based assets to be liquid on HydraDX. HDX, the native token of HydraDX, is used for governance, staking, and reducing trading fee costs. HDX holders benefit from a minimized over-collateralization ratio and can earn tokens by providing liquidity, participating in bounties, or receiving payments from the treasury.
Founders and History
HydraDX was founded by Jakub Panik, Mattia Gagliardi, and Jakub Gregus. The project was announced in April 2021, with a focus on creating an open and permissionless protocol for decentralized finance (DeFi). The founders have a strong background in blockchain technology and aim to revolutionize the way assets are traded and managed across different blockchains.
HydraDX offers a compelling solution for decentralized trading and asset pooling, with a focus on interoperability and efficiency. The project's use of Substrate and integration with the Polkadot network positions it as a promising player in the DeFi space, providing users with a seamless and cost-effective trading experience.
HydraDX stands out for its cross-chain liquidity protocol, allowing Ethereum-based assets to be traded on its platform. It offers a shared liquidity pool, reducing trading fees and enabling efficient asset exchange.
The founders of HydraDX are Jakub Panik, Mattia Gagliardi, and Jakub Gregus. They have a strong background in blockchain technology and launched the project in April 2021.
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