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.

This is the Point-in-Time (PiT) variant of Exchange Reliance Ratio. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.