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 0.00097315 USD and is up 0.29 over the last 24 hours. It is currently trading on 15 active market(s) with $96,032.72 traded over the last 24 hours. More information can be found at
Trading Insights
Searched
4
Market Stats
Market Cap
Not enough data
FDV
£1.24M
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)
£110.06K
3.72%
Volume (7D)
£506.56K
Volume (30D)
£2.35M
All time high
£0.22
Price Change (1Y)
-15.13%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Hydro Protocol has increased by 1.02% in the last hour and increased by 6.23% in the past 24 hours. Hydro Protocol’s price has also risen by 20.93% in the past week. The current price is £0.000790 per HOT with a 24-hour trading volume of £110.06K. Currently, Hydro Protocol is valued at 99.63% below its all time high of £0.22. 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.
Market details
HOT vs markets
↘ 47.99%
HOT vs BTC
↘ 54.57%
HOT vs ETH
↘ 15.09%
Tags
marketplace
decentralized-exchange-dex-token
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9AF839687F6C94542ac5ece2e317dAAE355493A1 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.000790 | ↗ 6.23% |
1 Day | £0.000745 | ↗ 6.23% |
1 Week | £0.000647 | ↗ 20.93% |
1 Month | £0.000680 | ↗ 15.16% |
1 Year | £0.000963 | ↘ 15.13% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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 GBP 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 £0.22. 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 £110.06K.
Assets that have a similar market cap to Hydro Protocol include edeXa, Heurist AI, ROVR Network, 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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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.