%22%20stroke-opacity%3D%220.55%22%2F%3E%3Ctext%20x%3D%2224%22%20y%3D%2232%22%20font-family%3D%22Georgia%2C%20serif%22%20font-style%3D%22italic%22%20font-size%3D%2223%22%20fill%3D%22hsl(78%2044%25%2056%25)%22%20text-anchor%3D%22middle%22%3EH%3C%2Ftext%3E%3C%2Fsvg%3E)
Bathymark Analysis Standard
What is underneath Hydration's reported depth?
Hydration's nominal USD TVL changed -0.1% over the reconciled seven-day window.
- State
- Reported depth is holding
- Confidence
- moderateThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
- Snapshot captured
Three strongest drivers
- Reported nominal TVL$51.51MCurrent chain level from the validated DeFiLlama chain roster.
- Seven-day nominal change-0.1%$51.57M to $51.51M across 7 observed days.
- Stablecoin cash layer$11.44MOpen-data stablecoin circulating USD market value reported on this chain, shown separately from TVL and token units.
Open the 30-second readChange, history, comparison, and implication
What changed
Reported nominal USD TVL changed by -$64.4K over seven days.
$51.57M to $51.51M across 7 observed days. The reconciled 30-day change is -2.8%.
Is it unusual
Current nominal TVL sits at the 53th percentile of the stored chain history.
Daily nominal-TVL change volatility is 5.86%. Price effects remain inside that history.
How it compares
Hydration ranks #37 of 461 validated chains by nominal USD TVL.
The validated chain median is $338.1K. This is a level comparison, not a quality verdict.
Why it matters
Reported depth is broadly unchanged, so the level matters more than a weak directional signal.
This is market-structure context, not a forecast or a trade recommendation.
Open the evidence trailCounterevidence, invalidation, sources, and method
What argues against this reading
Token-price repricing can explain some or all of the nominal USD TVL change.
Bathymark does not label this series fresh capital, deposits, or withdrawals.
Stablecoin circulating USD market value is $11.44M, a separate stock that can confirm or contradict the TVL level.
No source-backed leading protocol is assigned in this snapshot.
What would change the call
The holding call changes if the reconciled seven-day nominal USD TVL change moves outside the -0.5% to +0.5% band.
Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.
Next review
Exact sources
- DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/HydrationSource observation: Supports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
- DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
- DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
- DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.
Formula
7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.
Open formula noteSnapshot receipt
- Snapshot captured
- Ingested
- Method version
- chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.
Missing inputs
- Price-adjusted deposits and withdrawals