Definition. Exchange Aggregated Reliance Ratio is the USD-volume-weighted average of the per-asset Exchange Reliance Ratio across the principal assets traded on a given exchange.

Technical. Unlike asset-specific Reliance Ratios, this aggregated metric measures the overall dependency of an exchange's liquidity concentration, reflecting how centralized or diversified the platform's total asset flows are. Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our article on exchange metrics and Exchange Data Transparency Notice.

Interpretation. Higher values indicate greater liquidity concentration and potential systemic risk, lower values suggest broader liquidity distribution across the exchange.

Notes. Introduced by CryptoVizArt. For further details, see his introductory article.