live, on open data

Read where crypto liquidity is moving.

Bathymark is a free crypto liquidity dashboard that turns open DeFi, stablecoin, DEX, fee, and leverage data into plain-English market readings across chains, protocols, and stablecoins.

Open the Crypto Market Almanac Read Live Liquidity Signals

What this page answers

Bathymark helps readers see where crypto liquidity is deepening, where it is draining, which chains and protocols hold the most depth, and which stablecoins are drifting from peg.

DeFi chain TVL rankings Stablecoin peg monitor Open-data methodology

Signal: One plain-language reading, always linked to the number behind it.
Sounding: How deep a venue is: the capital it holds, and how that depth has moved.
The Current: The live stream of readings, the strongest and freshest first.

The Current live readings

Hyperliquid Perps is holding $8.99B of open interest, a large standing pile of leverage against the venue.perps · $8.99B open interest $4.73B left SSV Network this week, the pool -38.0% shallower on Ethereum.staking pool · now holds $7.71B tradeXYZ is holding $2.87B of open interest, a large standing pile of leverage against the venue.perps · $2.87B open interest Aster Perps is holding $1.68B of open interest, a large standing pile of leverage against the venue.perps · $1.68B open interest $1.48B drained off Ethereum this week, the chain -3.8% thinner.chain · now holds $37.12B /ethereum has 334.3K followers while $1.48B drained off Ethereum this week, attention sitting above thinning depth.farcaster · 334.3K followers, now holds $37.12B Binance CEX is running +0.9% deeper today, $1.24B of new capital.cex · now holds $133.33B Sablier Lockup turned over $617.66M in DEX volume today, far above last week's pace.payments · DEX volume today $548.65M of liquidity flowed into Bitget this week, a +12.5% deepening.cex · now holds $4.93B A7A5 slipped 9877 bps below its RUB peg, $554.58M circulating.stablecoin · RUB peg Polygon Bridge is running +21.9% deeper this week on Ethereum, $494.32M of new capital.chain · now holds $2.75B $406.44M left EigenCloud this week, the pool -8.6% shallower on Ethereum.restaking · now holds $4.30B USYC is holding 1293 bps above its USD peg, $3.11B circulating.stablecoin · USD peg Gate thinned -8.4% this week, $384.50M of liquidity drained out.cex · now holds $4.17B Uniswap V4 volume cooled to $698.82M today, 45.6% lighter this week.dexs · DEX volume today BisonFi turned over $395.14M in DEX volume today, +86.3% heavier this week.dexs · DEX volume today $340.73M left Bybit today, the pool -2.5% shallower.cex · now holds $13.26B USDY is holding 1331 bps above its USD peg, $2.15B circulating.stablecoin · USD peg Base Bridge is -11.8% thinner this week on Ethereum, $279.40M headed for the exit.canonical bridge · now holds $2.09B OKX is -1.1% thinner today, $246.45M headed for the exit.cex · now holds $21.32B $221.96M drained off Bitcoin this week, the chain -5.4% thinner.chain · now holds $3.91B $157.46M drained off BSC this week, the chain -3.1% thinner.chain · now holds $4.95B $137.09M drained off Tron this week, the chain -3.0% thinner.chain · now holds $4.42B /base has 481.1K followers and 6 live cast interactions while $98.81M drained off Base this week, attention sitting above thinning depth.farcaster · 481.1K followers, 6 live interactions Ethena USDe earned $1.21M in fees today, +88.6% above its weekly pace.basis trading · fees today Morpho Blue earned $1.04M in fees today, +69.0% above its weekly pace.lending · fees today Uniswap V3 earned $967.1K in fees today, +60.7% above its weekly pace.dexs · fees today

confluence · currents in agreementdecisive

Four independent currents are pulling the same way: protocol liquidity, chain flows, narrative pressure, and the cash layer are all draining.

liquiditychainsnarrativecash layerDEX volumedemand4 of 6 agree

DEX volume and real demand are leaning the other way. Breadth, not size: this counts independent currents agreeing, not the dollars behind them.

Signals, not prices

Each reading is a truthful observation: fresh liquidity arriving, a venue draining, a peg under stress. Plain language, linked to the number behind it.

Depth, not candles

Every chain and protocol is shown as depth: the capital it holds, and how that depth has moved. Deep water is safe water; shallow water is where things lurch.

Honest by default

We tell you what a reading can and cannot mean. No green-and-red mood lighting, no signal we cannot source. Information, never advice.

The Current

Latest readings

All of The Current →

Soundings

The depth map

All chains →

$70.05B of liquidity sits on-chain across 453 chains. Here is where the water is deepest.

The leverage tide

Funding, live from Hyperliquid

live book

$6.11B of leverage is open across Hyperliquid's perps, and longs and shorts are paying out near evenly (1 vs 1). The sharpest lean is MON, funding -42% a year.

BTC$2.04B+2.9%longs pay

HYPE$1.33B+11.0%longs pay

ETH$1.12B-7.0%shorts pay

SOL$373.61M+11.0%longs pay

ZEC$178.26M+11.0%longs pay

LIT$76.30M+38.2%longs pay

AAVE$76.04M+11.0%longs pay

What funding tells you →open data · api.hyperliquid.xyz

Builders

What is being shipped

commits / week

2 major protocols shipped 1 commits last week, led by Aave v3 at 1. Code is the demand that does not lie.

Aave v31-20%Uniswap v40+0%

open data · GitHub commit activity

The instrument

A sounding line measured the deep long before sonar. We do the same with liquidity.

Every reading on Bathymark is a sounding you can pull up yourself: one open number, plainly stated, with a link to its source. No proprietary feed, no black box, no “trust us.”

How we read depth →

A brass sextant, the classic instrument for taking a sounding

Alexander Mass·Pexels License·Pexels