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 0.0007279 USD and is up 25.95 over the last 24 hours. It is currently trading on 17 active market(s) with $295,326.22 traded over the last 24 hours.
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Market Stats
Market Cap
Not enough data
FDV
$1.01M
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)
$97.61K
-75.45%
Volume (7D)
$1.78M
Volume (30D)
$3.44M
All time high
$0.29
Price Change (1Y)
-47.62%
Additional details
Market details
HOT vs markets
↘ 61.77%
HOT vs BTC
↘ 59.3%
HOT vs ETH
↘ 52.66%
Tags
marketplace
decentralized-exchange-dex-token
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9AF839687F6C94542ac5ece2e317dAAE355493A1 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000648 | ↘ 2.36% |
1 Day | $0.000664 | ↘ 2.36% |
1 Week | $0.000627 | ↗ 3.37% |
1 Month | $0.000850 | ↘ 23.80% |
1 Year | $0.0012 | ↘ 47.62% |
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.
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Social stats
Popularity in posts
#301
Contributors
326
Posts
326
% About Hydro Protocol
0.069%
Hold times
0 days
X (Twitter)
31.16% bullish
Sentiment
4.0 ★
Highlights
326 unique individuals are talking about Hydro Protocol and it is ranked #301 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 4.0 out of 5. Finally, Hydro Protocol is becoming less newsworthy, with 0 news articles published about Hydro Protocol.
On Twitter, people are mostly neutral about Hydro Protocol. There were 35.63% of tweets with bullish sentiment compared to 14.33% of tweets with a bearish sentiment about Hydro Protocol. 64.37% of tweets were neutral about Hydro Protocol. These sentiments are based on 4794 tweets.
On Reddit, Hydro Protocol was mentioned in 25 Reddit posts and there were 42 comments about Hydro Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.
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