Hydro Protocol is not tradable on Coinbase.

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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 0.00037175 USD and is up 0.05 over the last 24 hours. It is currently trading on 21 active market(s) with $0.00 traded over the last 24 hours.

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Trading Insights

Market Stats

Market Cap

Not enough data

FDV

Not enough data

Circ. Supply

Not enough data

Max Supply

No maximum supply

Total Supply

1.6B HOT

Performance

Popularity

Not enough data

Dominance

Not enough data

Volume (24H)

Not enough data

Volume (7D)

Not enough data

Volume (30D)

Not enough data

All time high

Not enough data

Price Change (1Y)

Additional details

Market details

HOT vs markets

Not enough data

HOT vs ETH

Not enough data

Tags

marketplace

decentralized-exchange-dex-token

defi

Network & Addresses

Network
Address

Ethereum

0x9AF839687F6C94542ac5ece2e317dAAE355493A1

Price history

Time
Price
Change
Today
ARS 0.6922
Not enough data
1 Day
ARS 0.6873
Not enough data
1 Week
ARS 0.7238
0.00%
1 Month
ARS 0.5746
0.00%
1 Year
ARS 1.30
0.00%

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 ARS currency in real-time. Get the live price of Hydro Protocol on Coinbase.

Assets that have a similar market cap to Hydro Protocol include SingularityNET, AidCoin, ArbitrageCT, 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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Social stats

Popularity in posts

#352

Contributors

108

Posts

176

% About Hydro Protocol

0.034%

Articles

0

X (Twitter)

25.32% bullish

Sentiment

4.1 ★

Highlights

108 unique individuals are talking about Hydro Protocol and it is ranked #352 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 4.1 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 28.37% of tweets with bullish sentiment compared to 12.06% of tweets with a bearish sentiment about Hydro Protocol. 71.63% of tweets were neutral about Hydro Protocol. These sentiments are based on 158 tweets.

On Reddit, Hydro Protocol was mentioned in 0 Reddit posts and there were 0 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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