About Hydro Protocol
Hydro Protocol (HOT) is a cryptocurrency and operates on the Ethereum platform. Hydro Protocol has a current supply of 1,560,000,000 with 0 in circulation. The last known price of Hydro Protocol is 0.00090645 USD and is up 3.54 over the last 24 hours. It is currently trading on 15 active market(s) with $48,795.21 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
1
Market Stats
Market Cap
Not enough data
FDV
CA$1.95M
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
1.6B HOT
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
CA$76.02K
70.56%
Volume (7D)
CA$515.26K
Volume (30D)
CA$1.58M
All time high
CA$0.39
Price Change (1Y)
-31.38%
Additional info about Hydro Protocol
Recent trends
The latest HOT price is CA$0.0013. Compared to Hydro Protocol's value of CA$0.00 from 24 hours ago, there's been a 5% increase, while the current price is -8% down from CA$0.00 which was recorded one week ago. Hydro Protocol's all time high is CA$0.39, which was reached on January 25, 2018. This is a -100% change from its price today.
The fully diluted valuation of Hydro Protocol is CA$1.95M. The diluted valuation of Hydro Protocol is CA$1.95M.
Market details
HOT vs markets
↘ 51.79%
HOT vs BTC
↘ 58.04%
HOT vs ETH
↘ 9.23%
Tags
marketplace
decentralized-exchange-dex-token
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9AF839687F6C94542ac5ece2e317dAAE355493A1 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$0.0013 | ↗ 4.79% |
1 Day | CA$0.0012 | ↗ 4.79% |
1 Week | CA$0.0014 | ↘ 7.90% |
1 Month | CA$0.0016 | ↘ 21.60% |
1 Year | CA$0.0018 | ↘ 31.38% |
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 CAD currency in real-time. Get the live price of Hydro Protocol on Coinbase.
The current market cap of Hydro Protocol is CA$0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hydro Protocol is CA$0.39. 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 CA$76.02K.
Assets that have a similar market cap to Hydro Protocol include SolCard, ZENEX, KalyChain, 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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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.
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