HYDRA
HYDRA Rank #3866Price chart
What is HYDRA?
Overview
HYDRA is a protocol deployed on Ethereum that enables users to participate in mining activities. The system is designed to work with existing token ecosystems, particularly TitanX, allowing participation without requiring conversion to Ethereum. Users engage with the protocol by starting miners using TitanX as the base asset.
How it works
HYDRA operates on Ethereum and uses TitanX to initiate mining positions. The protocol incorporates multiple deflationary mechanisms: burned TitanX is sent to the DragonX vault rather than destroyed outright, and a portion of TitanX used to start miners is allocated to directly burn DragonX tokens. The system emphasizes shorter compounding cycles over one-time rewards for early participants.
Token and supply
HYDRA has a total supply of approximately 7.03 trillion tokens with no maximum supply cap listed. The token operates within a deflationary framework where both TitanX and DragonX experience periodic burns through protocol mechanisms. New tokens are issued as mining rewards that participants can compound over time.
Where to trade HYDRA
Exchanges that list this asset
Live spot quotes from connected exchanges
HYDRA funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.