Description
The Exchange Reliance Ratio Breakdown returns the Reliance Ratio for every supported exchange in a single response, enabling cross-exchange comparison at a glance. Each entry maps an exchange name to its net token flow (inflows minus outflows) relative to that exchange’s total balance. Elevated values across multiple exchanges may signal liquidity concentration risk, while outliers can highlight venues whose token liquidity is unusually dependent on a small set of flows. Exchange Reliance Ratio returns the same ratio for a single exchange.
Technical. Net flow is measured over a 30-day window, and the ratio is bounded between -1 and +1. For BTC, exchanges are identified via entity clustering; for ETH and ETH tokens, via labeled addresses. 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.
This metric was introduced by CryptoVizArt. For further details, please refer to his introductory article.