Hydra Logo

Hydra HYDRA

Hydra header image

1. Summary

Ranks

Liquidity
83
Developer
18
Social
75
Momentum (beta)
78
Stack Rankā„¢
31
Price
$0.59 +7.5%
Market Cap
$11.30M (#1668)
Supply
20.24M /
Price
52W High price $0.91
52W High date 6th Dec 2023 (1 year ago)
All Time High (ATH) Date 3rd Apr 2021 (3 years ago)
ATH Price $51.99
% From ATH -99.4%
All Time Low (ATL) Date 21st Oct 2024 (1 month ago)
ATL Price $0.20
% From ATL 53.04%
Supply & Trading Volume
Trading Volume (24h) $277,200.00
Circulating Supply 20.24M
Description

Hydra Blockchain Overview

Hydra Blockchain Overview

Hydra is a permissionless, open-source, proof-of-stake blockchain built on top of technologies from QTUM, Bitcoin, Ethereum, and BlackCoinā€™s PoV v3. The project emerged from the combination of these leading blockchain technologies and aims to provide enhanced scalability, performance, and a unique economic layer.

Key Features

  • Combination of Proven Technologies: Hydra leverages the strengths of various blockchain projects to achieve superior performance and security.
  • Proof of Stake Consensus: The blockchain utilizes a proof-of-stake consensus algorithm to ensure a decentralized, secure, and energy-efficient network.
  • UTXO Accounting Model and EVM Support: Hydra runs on the UTXO accounting model and supports the Ethereum Virtual Machine (EVM) as an additional layer, allowing seamless integration of Ethereum dApps.
  • Fierratic Scalability: The blockchain is designed to handle high transactional volumes, reaching up to 4,000 transactions per second.
  • Usage of Isomorphic State Channels: Hydra employs isomorphic state channels to enhance off-chain protocol and smart contract development, promoting efficient and scalable transactions.
  • Unique Economic Features: Hydra incorporates both inflationary and deflationary mechanics, unique apps and a fixed inflation model that stimulates market participation.
  • HYDRA Token Economy: The blockchain tokenomics is designed to provide a stable and fair revenue stream for participants through-participating through staking rewards.
  • Market-Aware Staking: Hydra has an adaptive staking mechanism that adjusts APR according to market cycles to optimize growth.
  • Deflationary Forces: Hydra's fees are burned both directly and indirectly through the use of discounted LYDRA prices to reduce the token supply.
  • Extensions and Compatibility: The blockchain supports Ethereum applications via protocol-level compatibility and offers several extensions such as a liquid staking asset, decentralized governance, and a native bridge to Ethereum.
  • 100% Burn of Transaction Fees: The fees on Hydra are fully burned, reducing supply and incentivizing activity.
  • **Elastro Fo486 Scrypto-ton- filters W.wrappedā€¦ :(chain ā€¦
  • Long-term Staking Incentives: The blockchain rewards long-term stakers significantly, ensuring continued participation in the network.

Governance and Integration

  • Decentralized Governance (HydraDAO): Active stakers can participate in the governance process without entry barriers.
  • Financial Sustainability: The treasury is designed to be self-sufficient and sustainable.
  • Unified User Experience: The blockchain provides a seamless experience across all its subchains.

Future Development

  • Project Prometheus: The vision for Hydraā€™s future, aiming for infinite scalability through horizontal sharding, unified user experience, and dynamic load balancing.
2. Price

HYDRA

2.1. Market Performance

How does Hydra's (HYDRA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

49.1%

HYDRA

3.7%

Similar Market Cap

60 Day Return

21.9%

HYDRA

-5.4%

Similar Market Cap

1 Year Return

-57.7%

HYDRA

-4.6%

Similar Market Cap

3. Developer Activity

We're monitoring 24 Hydra GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Hydra Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 7
  • Past year: 12 commits vs. an average of 104

Most Active Repos

Past week 4
Past 12 weeks 33
Past year 260
Past week 0
Past 12 weeks 4
Past year 66
Past week 3
Past 12 weeks 15
Past year 64
Past week 0
Past 12 weeks 0
Past year 9
Past week 0
Past 12 weeks 0
Past year 5
Past week 0
Past 12 weeks 0
Past year 5

Top Developers 2024

In total, 62 developers have contributed to Hydra over the past year. Who are the most active Hydra developers, by commits, over the past year?

Related Projects

Developers working on Hydra also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users 14,617
Twitter followers 17,422
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://hydrachain.org
Explorer https://explorer.hydrachain.org/
Twitter @hydra_chain

What is the correct contract address for Hydra?

Hydra 6d9115a21863ce31b44cd231e4c4ccc87566222f

Has Hydra been audited for security?

No security audits found for this project.

Are you the owner of Hydra? Edit it here

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