Hydration DEX
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Hydration DEX
Hydration unites swaps, lending and the Hollar stablecoin under the roof of a scalable appchain.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Hydration DEX tokenomics and on-chain capital
Hydration DEX's governance or utility token carries a market capitalisation of $13.2M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($13.2M) and TVL ($19.6M) trade close together, giving a mcap/TVL multiple of 0.68× — broadly the range market participants treat as "fair" for an established DeFi protocol.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Hydration DEX Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Aug 23, 2023Listed on DeFiLlama
Protocol Profile
Hydration DEX is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on HydraDX. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Hydration DEX is a single-chain protocol, deployed exclusively on HydraDX — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Token market cap ($13.2M) and TVL ($19.6M) trade at a ratio of 0.68, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Hydration DEX — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other DEX protocols on Mantapex
Hydration DEX is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure $8B in deposits, giving you a frame of reference for whether Hydration DEX's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| hydration-dex | HOLLAR | 44.71% | $1.5M |
| hydration-dex | GSOL | 23.07% | $750.8K |
| hydration-dex | PAXG | 20.59% | $994.5K |
| hydration-dex | ADOT | 16.32% | $3.3M |
| hydration-dex | TBTC | 8.76% | $3.2M |
| hydration-dex | GETH | 7.76% | $3.4M |
| hydration-dex | SOL | 4.10% | $288.1K |
| hydration-dex | GLMR | 3.84% | $298.7K |
| hydration-dex | HOLLAR-PRIME | 2.19% | $782.5K |
| hydration-dex | VDOT | 2.01% | $275.7K |
Recent Hydration DEX news
Latest reporting from major crypto news outlets covering Hydration DEX.
- Coinspeaker
Polkadot's Largest DeFi Protocol Hydration Launches Decentralized Stablecoin
Hydration has launched HOLLAR, a decentralized stablecoin backed by major tokens like DOT, ETH, and BTC. The protocol features automated stability mechanisms and starts with a…
- Crypto Economy
Hydration, Polkadot's Largest DeFi Protocol, Launches Native Stablecoin HOLLAR
TL;DR Hydration, the largest DeFi protocol on Polkadot, launched HOLLAR, a decentralized, over-collateralized stablecoin backed by DOT, ETH, and BTC. The token will have an…
- Blockworks
Polkadot DeFi project Hydration debuts decentralized stablecoin
Hydration launches decentralized HOLLAR stablecoin backed by DOT, ETH, and BTC amid growing stablecoin market
- CryptoSlate
PayPal joins Plasma and Polkadot's Hydration in wave of new stablecoin initiatives
The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal,…
- The Currency Analytics
Polkadot's $14.4 Million Game-Changer: Hydration Project Sets New DeFi Standards
Polkadot, a leading force in the blockchain realm, is once again making headlines with a substantial investment in decentralized finance (DeFi). The Polkadot Treasury's infusion…
- CryptoSlate
Polkadot treasury allocates $14.4 million to bolster DeFi project Hydration
Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with…
- Coingape
Polkadot Explores Bitcoin Reserve Plans Converting 500,000 DOT Tokens
Polkadot is exploring its own Bitcoin reserve, with a new proposal making rounds that aims to convert 500,000 DOT tokens into tBTC, an Ethereum-based Bitcoin-backed ERC-20 token.…
Related protocols
Other DeFi protocols connected to Hydration DEX by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Dexs protocols
Top protocols on HydraDX
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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