Byreal β Statistical Analysis
Byreal DEX demonstrates moderate capital efficiency and liquidity, but lacks trust score and audits.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Byreal DEX boasts a $12.4M Total Value Locked (TVL) and $21.1M in 24-hour trading volume, positioning it as a mid-sized player in the DeFi space. With 43 listed coins and 46 trading pairs, the protocol's market size is substantial, but its 0.22% 24-hour TVL change indicates a relatively stable market.
2. Capital Efficiency
The protocol's $4.5M 24-hour volume and $12.4M TVL result in a 0.36 volume-to-TVl ratio, indicating moderate capital efficiency. This suggests that Byreal's liquidity is relatively decent, but room for improvement exists.
3. Liquidity & Pair Spread
With 46 trading pairs and 43 listed coins, Byreal's liquidity is relatively concentrated. The 1.07 pair-to-coin ratio implies that liquidity is somewhat spread out, but not overly fragmented.
4. Chain Dominance
Byreal's TVL is entirely dominated by Solana, with $12.4M locked on the chain. This lack of diversification may pose risks, as the protocol's fortunes are heavily tied to Solana's performance.
5. Analyst Verdict
Byreal's moderate capital efficiency, concentrated liquidity, and chain dominance suggest a protocol with room for growth. However, the lack of trust score and audits raises concerns about the protocol's security and credibility. A score of 3.5 reflects Byreal's current market position and growth potential.