Detailed Performance Analysis
Current market sentiment for Hydration (HDX) is bearish, with underperformance against major cryptocurrencies, leading categories, and blockchain ecosystems across multiple timeframes.
Price Performance Table
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| HDX/USD | −0.01% | −0.37% | +2.82% | −12.76% | −17.93% | −7.83% |
| HDX/BTC | −0.30% | −0.38% | +2.42% | −14.31% | −35.33% | −45.75% |
| HDX/ETH | −0.13% | +0.32% | +2.76% | −10.95% | −37.60% | +30.18% |
| HDX/DeFi | −0.34% | +0.91% | +4.63% | −10.72% | −33.03% | +11.34% |
Exchange Data
| Exchange | Pair | Price | Volume | Market Share | Last Update |
|---|---|---|---|---|---|
| Kraken | HDX/USD | $0.0094 | $9,896.19 | 78.647% | Recently |
| Kraken | HDX/EUR | $0.0095 | $2,686.91 | 21.353% | Recently |
Understanding Hydration (HDX)
What is HydraDX?
HydraDX is a community-driven decentralized protocol built on democratic governance principles. Key features include:
- Collective decision-making for protocol evolution
- Native Layer 1 blockchain infrastructure
- Comprehensive DeFi ecosystem development
- Advanced tokenomics with participant incentives
👉 Discover how HydraDX compares to other DeFi projects
Unique Value Propositions
- Decentralized Governance: All protocol decisions require community consensus
- Game Theory Mechanisms: Specialized incentives for traders, liquidity providers, and long-term holders
- Layer 1 Focus: Independent blockchain development for enhanced scalability
Current HDX Market Data
- Price: $0.009672 (−0.36% 24h change)
- 24h Volume: $12,007.79
- Market Cap: $25.52 million (<0.01% of total crypto market)
- Circulating Supply: 2.64 billion HDX
FAQ Section
Is HDX a good investment?
While HDX shows unique technological propositions, its bearish performance against major cryptocurrencies suggests careful evaluation is needed. Consider market conditions and project developments.
Where can I buy HDX?
👉 HDX is primarily available on Kraken with USD and EUR trading pairs. Always verify exchange security before trading.
What determines HDX's price?
Like all cryptocurrencies, HDX price responds to market demand, trading volume, ecosystem developments, and broader crypto market trends. The protocol's unique governance model adds another layer of price influence.
How does HydraDX's governance work?
The protocol operates through community voting, where HDX holders collectively decide on upgrades, parameter changes, and ecosystem developments. This democratic approach aims to prevent centralized control.
What's the future roadmap for HydraDX?
The team focuses on enhancing its Layer 1 capabilities, expanding DeFi services, and improving governance mechanisms. Community participation remains central to all developments.