Hydration 

HDX Price

What is the Hydration (HDX) coin?

Hydration is a decentralized finance (DeFi) protocol built as a Polkadot parachain. Its core product is the Omnipool, a single automated market maker (AMM) where all listed assets share one unified liquidity pool. Hydration also runs a lending platform forked from AAVE v3 and issues HOLLAR, a native decentralized stablecoin. The project launched as HydraDX and completed its rebrand to Hydration in late 2024. HDX is the protocol's native asset, used for staking, governance voting, and HOLLAR borrowing.

How is HDX's supply structured and what is the maximum supply?

HDX has a maximum supply capped at 6,500,000,000 tokens, per DropsTab data. HDX is a native Substrate asset on the Hydration parachain, so no smart-contract address exists; balances are verifiable through the Hydration Subscan explorer. Supply splits across nine allocation buckets. The largest are the Balancer LBP sale at 30.5%, a Growth bucket at 27.68%, and the Team allocation at 12.46%.

What does the HDX token unlock schedule mean for investors?

The token generation event took place on March 16, 2022. Per DropsTab data, the entire LBP allocation of 30.5% of supply entered circulation at TGE with no lockup, the Seed Round vests on an 18-month linear schedule, and the Strategic Round vests over 24 months, both in monthly tranches. Team unlocking began on September 16, 2022. The main ongoing inflation risk is the Growth bucket at 27.68% of supply, whose release pace follows governance decisions instead of a fixed monthly calendar.

Who invested in Hydration and how much was raised?

DropsTab fundraising data shows three rounds. The Seed Round closed in December 2020, raising $200,000 for 540 million HDX at roughly $0.00037 per token, led by KR1 with DFG, Zee Prime Capital, AU21 Capital, CMS Holdings, and Hypersphere Ventures participating. The Strategic Round, also in December 2020, sold 150 million HDX (2.3% of supply); DropsTab lists no raise amount for this round. The Balancer LBP on February 8, 2021 raised $22.9 million for 1.983 billion HDX at a $75.01 million pre-valuation.

What does Hydration's investor roster signal about the project?

The backer base is concentrated in Polkadot-specialized funds. KR1 led both private rounds and publicly confirmed its total investment in Hydration at $200,000. Hypersphere Ventures, a Polkadot-focused venture fund, co-led the Strategic Round. Distribution skewed toward public sale: the LBP sold 30.5% of supply to open participants, and no single venture fund approaches a 20% supply stake. Combined insider allocation, including the 12.46% Team bucket and the two private rounds at 10.6%, is roughly 23% of max supply.

How does the Hydration Omnipool work?

The Omnipool is a single automated market maker in which every listed asset shares one unified liquidity pool. Traders swap any asset against the shared pool, and fees are payable in any Omnipool asset. This design concentrates liquidity in one place, which deepens execution across pairs but also concentrates protocol risk: an issue with one pool asset affects the entire venue.

What is the HOLLAR stablecoin and how does borrowing on Hydration work?

HOLLAR is Hydration's native decentralized stablecoin. The protocol's borrowing platform is a fork of AAVE v3. Users supply supported assets to earn yield on their balances, then borrow HOLLAR against those positions. HDX functions as the link between the two products, since staking participation grants access to the borrowing side of the protocol.

Can HDX be staked?

HDX holders can stake through GIGAHDX, Hydration's staking mechanism. Staking earns protocol rewards, grants governance voting rights, and provides access to HOLLAR borrowing. Separately, the Collator Rewards bucket at 3.86% of max supply pays the collators that produce blocks for the parachain.

Where can HDX be traded after the Kraken delisting?

Kraken disabled HDX deposits and trading on September 11, 2026, setting December 10, 2026 as the withdrawal cutoff, with forced liquidation of remaining balances set for December 14-18, 2026. Following that delisting, DropsTab records no centralized-exchange market for HDX. Primary trading runs on-chain through Hydration's own Omnipool, with cross-chain access via Polkadot XCM. Liquidity is venue-dependent and thin as a result of single-DEX reliance.