Hydranet
HDN Price
How is the price of Hydranet (HDN) calculated?
The price of Hydranet (HDN) is calculated in real-time by aggregating the latest data across 4 exchanges and 4 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Hydranet Price Chart (HDN)
1h | 24h | 7d | 14d | 30d | 1y |
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0.6% | 0.7% | 5.3% | 8.0% | 13.9% | 66.6% |
HDN Converter
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$6,399,621 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.54 |
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$11,951,414 |
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$32,465.34 |
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
160,640,931
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
300,000,000 |
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
300,000,000 |
HDN Historical Price
24h Range | $0.03930 – $0.04074 |
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7d Range | $0.03757 – $0.04093 |
All-Time High |
$0.1784
77.8%
Nov 19, 2023 (6 months)
|
All-Time Low |
$0.006293
528.9%
Jul 04, 2022 (almost 2 years)
|
How do you feel about HDN today?
What is Hydranet (HDN)?
Hydranet is a Decentralized Autonomous Organization building the Hydranet DEX, a Layer 3 trading platform that brings together the worlds of Bitcoin and Ethereum using Layer 2 off-chain protocols such as the Lightning Network and the Connext Vector Network. Hydranet’s novel exchange technology allows users to trade seamlessly between Bitcoin and EVM-based blockchains without relinquishing custody of their funds, with near instant settlement times, and for low costs.
The Hydranet DEX includes a limit order book, which is hosted by the Hydranet Network, and a built-in multi-currency light wallet that allows users to store both BTC and EVM-based assets. Trades on the Hydranet DEX are executed off-chain, fully peer-to-peer, and are secured using hashed timelock contracts meaning either both peers or no peer receives the agreed upon funds. Since Layer 2 off-chain protocols are scaling solutions for Layer 1 blockchains, users will always remain in full custody of their private keys.
Hydranet released the first version of the Hydranet DEX on the 23rd of September 2023. This version is delivered as a downloadable desktop client and offers a user-friendly interface, seamless trading experience, and robust security features. Hydranet is actively working on an upgraded version of their DEX, a platform agnostic web version which will be readily available from the browser. The web version will inherit all the commendable components of its desktop counterpart as well as Hydranet’s in-house EVM off-chain protocol, Lithium.
What powers the Hydranet DEX?
The Hydranet DEX is powered by the Hydranet Network, an infrastructure overseen by two distinct actors: TItans and Guardians. Titans take on the responsibility of ensuring the network’s continuous operation. They achieve this by hosting the exchange’s limit order book, offering rental liquidity, and acting as a matchmaking engine between trading peers. Guardians, on the other hand, take on the responsibility of upholding the network’s integrity. They actively monitor the behavior of both traders and Titans to ensure that they comply with the network’s rules, and take appropriate measures to penalize those who violate these rules.
Both Titans and Guardians require a collateral in the form of HDN to participate in their respective roles. In return for their services, they become eligible to receive a share of the trading fees generated by the Hydranet DEX.
What makes Hydranet Unique?
Hydranet effectively addresses the critical challenges associated with self-custody, transaction times, transaction costs, and scalability. When it comes to decentralized trading directly on the blockchain, using Automated Market Makers (AMMs) is a popular choice for trustless trading. However, it often comes with the drawback of high blockchain fees and prolonged transaction times due to the scalability limitations of many blockchain networks. As an alternative, traders can opt for centralized exchanges, which often offer user-friendly interfaces, fast transaction times and low trading fees. The convenience they provide, unfortunately, comes at the cost of relinquishing custody of user funds and leaving them entirely in the hands of the centralized exchanges to do whatever they want with. This issue has been exemplified by the FTX incident, which is reported to have negatively impacted over 1 million crypto users.
Unlike today’s centralized and decentralized exchanges, the Hydranet DEX offers a unique solution to the challenges previously presented. First and foremost, the Hydranet DEX operates on a trustless basis, meaning users always retain control of their funds, eliminating the risks associated with third-parties. Moreover, the Hydranet DEX leverages off-chain technologies to enhance transaction times and reduce costs significantly. By keeping the transaction process off the main blockchains, trades are executed near-instantly and for minimal fees, even cross-chain, in contrast to the high fees and slow transaction times experienced using many decentralized exchanges operating directly on the blockchain. Lastly, when it comes to scalability, the Hydranet DEX is designed to scale indefinitely. A key element for this is Hydranet’s decentralized execution of trades. Unlike conventional solutions, where a centralized entity typically executes the trade, in the Hydranet DEX, the trade execution is distributed among the trading peers themselves. The Hydranet Network assists in matching trading peers but leaves the rest in the hands of the peers to automatically execute the trade without user intervention.
Where can you buy Hydranet?
HDN tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Hydranet is Uniswap V3 (Arbitrum One), where the most active trading pair HDN/USDT has a trading volume of $902.79 in the last 24 hours. Other popular options include WhiteBIT and MEXC.
What is the daily trading volume of Hydranet (HDN)?
The trading volume of Hydranet (HDN) is $32,465.34 in the last 24 hours, representing a 1.30% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Hydranet (HDN)?
The highest price paid for Hydranet (HDN) is BTC0.056409, which was recorded on Nov 19, 2023 (6 months). Comparatively, the current price is -77.80% lower than the all-time high price.
What is the all-time low for Hydranet (HDN)?
The lowest price paid for Hydranet (HDN) is BTC0.063211, which was recorded on Jul 04, 2022 (almost 2 years). Comparatively, the current price is 528.90% higher than the all-time low price.
What is the market cap of Hydranet (HDN)?
Market capitalization of Hydranet (HDN) is BTC101.4521 and is ranked #1660 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HDN tokens (160 Million tokens are tradable on the market today).
What is the fully diluted valuation of Hydranet (HDN)?
The fully diluted valuation (FDV) of Hydranet (HDN) is BTC189.4638. This is a statistical representation of the maximum market cap, assuming the maximum number of 300 Million HDN tokens are in circulation today. Depending on how the emission schedule of HDN tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Hydranet compare against its peers?
With a price increase of 5.30% in the last 7 days, Hydranet (HDN) is outperforming the global cryptocurrency market which is down -1.70%, while outperforming when compared to similar Arbitrum Ecosystem cryptocurrencies which are up 1.70%.