Hydro Protocol (HOT) is not tradable on Coinbase.
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Hydro Protocol Price (HOT)
Market stats
Hydro Protocol is on the decline this week. ↘
The price of Hydro Protocol has increased by 0.27% in the last hour and decreased by 1.34% in the past 24 hours. Hydro Protocol’s price has also fallen by 20.02% in the past week. The current price is $0.0014 per HOT with a 24-hour trading volume of $0.00. Currently, Hydro Protocol is valued at 99.52% below its all time high of $0.29. 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.
Overall
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
Data unavailable
Volume (24h)
Data unavailable
Circulating
Data unavailable
All time high
$0.29
Price change
1 hour
↗ 0.27%
1 day
↘ 1.34%
1 week
↘ 20.02%
2 weeks
↘ 27.03%
1 month
↗ 0.05%
1 year
↗ 791.27%
1 year benchmarks
Performance
↗ 715.12%
Vs. Market
↗ 307.94%
Vs. BTC
↗ 270.55%
Vs. ETH
↗ 462.39%
About Hydro Protocol
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 USD 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 $0.29. 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 $0.00.
Assets that have a similar market cap to Hydro Protocol include Majo, Joe-Yo Coin, Note, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hydro Protocol is 0.
Hydro Protocol Price History
Date | Price | Change |
|---|---|---|
Today (December 23, 2024) | $0.0014 | -1.07% |
24 hours ago (December 22, 2024) | $0.0014 | -1.34% |
1 week ago (December 16, 2024) | $0.0017 | -20.02% |
1 month ago (November 23, 2024) | $0.0014 | 0.05% |
1 year ago | $0.000169 | 791.27% |
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