Hydranet

Hydranet (HDN) is a cryptocurrency token that operates on the Arbitrum network, a layer-2 scaling solution for Ethereum. It is one of many tokens deployed on Arbitrum, which aims to provide faster and cheaper transactions compared to the Ethereum mainnet. The token's specific purpose is not widely documented, but it exists as a transferable asset within the Arbitrum ecosystem.

Hydranet (HDN) functions on the Arbitrum network, which uses optimistic rollups to process transactions off-chain while maintaining security through Ethereum. This allows HDN transactions to benefit from lower fees and higher throughput. The token itself does not have a unique mechanism; it relies on Arbitrum's infrastructure for its operation. Users can send and receive HDN through compatible wallets and exchanges that support Arbitrum-based tokens.

The HDN token's specific utility is not publicly detailed. As a token on Arbitrum, it can be used for transfers and holdings, similar to other ERC-20 tokens. Without official documentation, its intended use case remains unclear. It may be used within a project ecosystem, but no such details are available. Investors and users should refer to official sources for accurate information.

Hydranet is currently priced at $0.03163, up 0.70% in the last 24 hours. It is ranked #1154 by market capitalization. Over the past 7 days, HDN is up 40.73%.

Hydranet has a market capitalization of $5.95M. The 24-hour trading volume is $115,682.88, reflecting the total value of HDN traded across all exchanges in the last day.

There are currently 188.01M HDN in circulation. Hydranet has a maximum supply of 300.00M HDN, meaning no more than this amount will ever exist.

Hydranet's all-time high price is $0.1784, reached on November 18, 2023. The current price is -82.3% from its all-time high.