The Exchange Reliance Ratio measures the net token flow (inflows minus outflows) relative to an exchange’s total balance, providing insight into how dependent a token’s liquidity is on that specific platform. Elevated values indicate a concentration of liquidity within a single exchange, which can amplify systemic risk if disruptions occur. Conversely, extremely low values may signal a potential risk of insufficient liquidity, particularly if the condition persists over time. A balanced ratio reflects a healthier, more distributed market structure.

This metric was introduced by CryptoVizArt. For further details, please refer to his introductory article.