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Volume (24h)
$3,028
0 BTC 470.27%
Exchange Score
Cryptocurrencies
17
Markets
18
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Solidly Exchange Overview

Solidly is a Decentralized exchange that ranks #314 on BitDegree Exchange Tracker. Solidly has a trading volume of $3,028 in the last 24 hours and $39,704,810 in the last 7 days.

Solidly currently has 17 cryptocurrencies, 0 fiat currencies and 18 markets (cryptocurrency trading pairs).

Compare Solidly side-by-side with other exchanges here: Exchange Comparison Tool.

Solidly cryptocurrency exchange was founded in 2021. It is an Automated Market Maker (AMM) based on Uniswap V2 and built on the Fantom blockchain. The platform allows the swapping of two tokens in a liquidity pool in a completely decentralized manner. However, unlike Uniswap V2, the Solidly crypto exchange supports low slippage trades between pegged assets like stablecoins.

To gain access to the platform, users just need to connect their Fantom wallets. This removes the burden of complicated Know-Your-Customer (KYC) verification processes. As far as restrictions go, Solidly crypto exchange can be used in all countries, except countries that have placed restrictions on cryptocurrency activities. Before moving forward with Solidly, it is advisable to check if your country supports crypto activities.

Markets

At the time of writing this article, there are over 200 Solidly trading pairs available, and they are divided into two markets – stablecoin and token markets. The Solidly spot is the only trading/swapping tool available. The platform does not support margin, futures, or leverage trading. Solidly only supports crypto token deposits and there are no fees attached to these deposits. However, there is a flat Solidly crypto fee of 0.01% on all swaps made on the platform. All trading fees generated go to users who voted for the gauge attached to a given liquidity pool.

The SOLID token is the native utility and governance token of the Solidly cryptocurrency exchange. It is used for rewarding liquidity providers in the form of Solidly exchange fees they have earned through liquidity provision, rather than for simply just providing liquidity. This creates a positive feedback loop around liquidity provision and Solidly volume. As more fees are generated (i.e. the more protocol revenue) LPs stand to benefit as they receive some portion of the total amount generated. Overall, there is a total supply of 100,000,000 tokens, with emissions being distributed on a weekly basis.

veSOLID is the vote-escrowed token of the protocol. It is used for governance, gauge rewards, and gauge voting. It also serves as a reward booster, as liquidity providers who hold veSOLID tokens receive 40%-100% of the reward. veSOLID tokens are non-transferable and can only be obtained by locking SOLID tokens for a specified amount of time.

You learn more about SOLID or check the current Solidly crypto price right here.

Other Services

Solidly crypto exchange natively supports gauge bribes and adjusts them according to user votes. In addition to traditional bribes, which allow a protocol to expand their on-chain liquidity by bribing voting-escrow token holders to vote in a specific way, Solidly has developed the concept of “negative voting.” Through this type of voting, users can attempt to prevent emissions from going to a pool. The platform allows users to attach bribes to a gauge, as well as participate in negative voting to prevent a particular pool from receiving emission rewards.

Also, the exchange allows SOLID token staking. The staked Solidly tokens get issued as NFTs. These NFTs function as a receipt of your position and allow investors to trade them in secondary markets or use them as collateral, increasing the efficiency of the native token.

About the Company

Solidly was founded by South African crypto developer Andre Cronje. Cronje rose to fame with Yield Finance, a yield aggregator service. He is considered to be one of the most innovative and brilliant developers in the crypto and blockchain space.

The team also has Daniele Sestagalli. He is a prolific community builder that surged to fame with his MIM, Wonderland, and Popsicle Finance projects.

Shortly after the launch of Solidly, Andre announced that he was leaving the project and other projects founded by him. The platform is now run and managed by an anonymous team known as Solidex.

As of December 2022, Solidly's trade volume stands at $92 thousand, or an equivalent of 6 BTC over a 24-hour period.

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Solidly Markets' Analysis

Analysis of Solidly Markets reveals that the Top pairs traded on the exchange are . The total sum of combined volumes show that the market dominance of the Top0 pairs on Solidly exchange is 0%. In monetary value, it’s currently worth $0.

Solidly Markets
# Base Currency Quote Currency Name Price Volume Volume % Updated

Solidly Markets

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# Base Currency Quote Currency Name Price Volume Volume % Updated


Solidly Popularity Metric Analysis

By analyzing Solidly social media signals, you can instantly see how active, community-involved and popular the company is.

Solidly currently has 60 monthly organic visitors to its website, which is quite a low amount of traffic. The company’s Ahrefs Rank is 1,751,258, and the Website Domain Rating is 40 - both of these metrics are deemed as average.

Latest Solidly News

The latest Solidly news are coming soon - stay alert & don't miss out the biggest Solidly events!

Solidly Statistics

Solidly Volume
$3,028.09
Volume in BTC
0 BTC
Volume Change 24h
$14,240.21
470.27%
Cryptocurrencies
17
Markets
18
Market Dominance
0.00%
Market Rank
#314

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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The trust score metric of crypto exchange is calculated according to Web Traffic, Volume, Average Liquidity, and general Confidence values that are illustrating the accuracy and trustworthiness of the volumes provided by the crypto exchange. All these factors are weighted, and an Exchange score from 0-10 is given.

The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

Learn this metric

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, and is valued in Bitcoin. It's a direct supply & demand indicator of the exchange.

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The current exchange Volume Dominance among all other exchanges in the market.

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It's an overall rank of the specific exchange compared to all other crypto exchanges in the market.

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