Hydra HYDRA

1. Summary

Ranks

Liquidity

80

Developer

50

Social

75

Momentum (beta)

19

Stack Rank™

14

Price

$0.39 +6.3%

Market Cap

$9.84M (#1310)

Supply

24.85M /

Tags

More Metrics

Price
52W High price	$1.11
52W High date	28th Jun 2023 (1 year ago)
All Time High (ATH) Date	3rd Apr 2021 (3 years ago)
ATH Price	$51.99
% From ATH	-99.18%
All Time Low (ATL) Date	17th Sep 2023 (10 months ago)
ATL Price	$0.31
% From ATL	36.84%

Supply & Trading Volume
Trading Volume (24h)	$162,542.00
Circulating Supply	24.85M

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Description

Hydra Blockchain Overview

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Hydra Blockchain Overview

Hydra is a permissionless, open-source, proof-of-stake blockchain built on top of technologies from QTUM, Bitcoin, Ethereum, and BlackCoin’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.wrapped… :(chain …
• 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 Hydra’s future, aiming for infinite scalability through horizontal sharding, unified user experience, and dynamic load balancing.

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