Hydranet DEX Public Alpha Testing

Hydranet’s Public Alpha, launched in late April 2025, lets users test its groundbreaking decentralized exchange (DEX) and Web Wallet. The platform enables instant, fee-free swaps (like BTC for ETH) directly in your browser using off-chain protocols like the Lightning Network for Bitcoin and Hydranet’s Lithium Network for EVM chains. Initially limited to 10 testers, the Alpha has now expanded to the public, allowing users to experience trustless, peer-to-peer trading across blockchains. Note: It’s still on testnet, so don’t use real funds! [Hydranet Medium, 2025-04-29].

Recent News

Hydranet has been making waves! In December 2024, they announced the Alpha release after successfully performing their first web DEX swap just weeks prior. They also updated their 2023-2024 roadmap, focusing on off-chain trading innovations, including a new version of the Hydranet DEX and in-house protocol development [Hydranet Medium, 2024-12-11].

Future Plans

Hydranet’s roadmap is packed with exciting goals! They plan to roll out a multi-hub architecture for the DEX Network, allowing HDN token holders to vote on trading pairs and take on network roles. Upcoming features include a smoother SimpleSwap UI for one-click swaps, with plans to fully automate state channel setups in future releases [Hydranet Medium, 2024-12-11].

Onchain Data

Hydranet’s trading volume has seen a recent uptick, with $121,656.25 recorded in the last 24 hours as of May 15, 2025—a 15.1% increase from the previous day, signaling growing interest [CoinGecko, 2025-05-15]. Specific testnet activity data isn’t public, but the buzz is real!

Community Sentiment

While X sentiment for Hydranet’s Alpha is limited, the broader crypto community is intrigued by off-chain solutions. Projects like Connext and Raiden are competitors, but Hydranet’s focus on browser-based nodes sets it apart, offering unique benefits for accessibility [Hydranet Medium, 2024-12-11].

Risk Disclaimer

This is a testnet phase—don’t send real funds, as they’ll be lost. Always double-check official channels for updates.