Hydration (HDX)

🧑‍💻 OGAudit Web3 Research
🔎 Hydration (HydraDX) Ecosystem Analysis

@hydration_net (HydraDX) is a DeFi-focused appchain on Polkadot, designed to unify swaps, liquidity, and lending within a single protocol. At its core is the Omnipool AMM, where all assets share one liquidity pool, aiming to improve capital efficiency, reduce fragmentation, and deliver more consistent trade execution across markets.

📊 Network & Usage Stats
Hydration records 98,598 total accounts with 55,779 HDX holders and around 529 daily active users. On-chain activity includes 3,457,041 signed extrinsics and 34,694,251 transfers, reflecting steady but specialized DeFi usage. Total issuance stands at 6.42B HDX.

🪙 $HDX Overview
$HDX trades near $0.0042, with a $24.95M market cap. Circulating supply is 5.90B, out of a 6.42B total supply. Ecosystem TVL is approximately $143M, indicating meaningful liquidity concentration relative to token valuation.

🌐We currently tracks 14 ecosystem coins on Hydration Ecosystem, with a combined market cap of $13.34B.

🔧Core Ecosystem projects include @kusamanetwork, @energywebx, Hydrated Dollar, and @AjunaNetwork, spanning DeFi, infrastructure, energy-focused Web3 solutions, and gaming on Polkadot.

🔎 Explore the Hydration Ecosystem:
👉 https://t.co/BTlhsB6QDF

👀 If you’re wondering what @hydration_net revealed at @Polkadotsub0 — buckle up, it was A LOT!!

Here are the key highlights 👇

1⃣ Hydration clarified its core strategy

“A DeFi-first appchain that unifies the 3 pillars of DeFi on one chain.”

The 3 pillars:

• Swaps — OmniPool + Stable Pools + Isolated Pools
• Borrow/Lend — Aave v3 deployment + Hydration-built enhancements
• Stablecoin — Hollar, with HSM (Stability Module)

Hydration’s positioning = Uniswap + Aave + Curve + MakerDAO → all natively integrated on a single chain.

2⃣ What Hydration actually shipped over the last 12 months

🔹 OmniPool — the main liquidity hub
All assets trade inside one pool (no fragmentation).

🔹 Aave v3 lending
“Why reinvent the wheel?” → Deploy the battle-tested version, then extend it.

Enhancements include:

• PEPL (protocol-executed partial liquidations)
• Higher LTV
• Smarter collateral rules

🔹 Hollar stablecoin (launched recently)
With HSM, an on-chain stabilization module that keeps the $1 peg without relying on extern