CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

BaseSwap.

bswap · coingecko:baseswap

EVIDENCE · NOT A RECOMMENDATION
This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.
Price$0.004363
Market cap$43,623.00
Active signals2
Total / circulating1.00×
Longest active streak3
Snapshots compared5

Why it surfaced

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 3 snapshots · triggered 4/5 observed snapshots

fundamental deterioration

At least one available fundamental deteriorated beyond the configured threshold

Current streak: 1 snapshot · triggered 2/5 observed snapshots

What changed

activity growth stagnant market cap
resolved · streak 0 · 1/5 snapshots
peer valuation difference
continuing · streak 3 · 4/5 snapshots
fundamental deterioration
new · streak 1 · 2/5 snapshots

Latest fundamental observations

MetricPeriodValueObserved
dex volume24h$1,514.002026-10-11T04:49:37.444Z
dex volume30d$95,457.002026-10-11T04:49:37.444Z
dex volume7d$21,668.002026-10-11T04:49:37.444Z
dex volumedaily$2,551.002026-09-27T00:00:00.000Z
fees24h$3.642026-10-11T04:49:24.915Z
fees30d$263.782026-10-11T04:49:24.915Z
fees7d$54.352026-10-11T04:49:24.915Z
feesdaily$7.652026-09-27T00:00:00.000Z
holders revenue24h$0.002026-10-11T04:49:36.133Z
holders revenue30d$0.002026-10-11T04:49:36.133Z
holders revenue7d$0.002026-10-11T04:49:36.133Z
revenue24h$1.162026-10-11T04:49:28.176Z
revenue30d$29.332026-10-11T04:49:28.176Z
revenue7d$17.402026-10-11T04:49:28.176Z
revenuedaily$0.002026-09-27T00:00:00.000Z
tvlpoint in time$645,474.262026-10-11T04:49:10.103Z

Historical changes

MetricWindowChangeBoundary
dex volume usd:daily7d-23.99%2026-09-20T00:00:00.000Z → 2026-09-27T00:00:00.000Z
fees usd:daily7d-23.50%2026-09-20T00:00:00.000Z → 2026-09-27T00:00:00.000Z
dex volume usd:daily30d-35.68%2026-08-28T00:00:00.000Z → 2026-09-27T00:00:00.000Z
fees usd:daily30d-36.25%2026-08-28T00:00:00.000Z → 2026-09-27T00:00:00.000Z
market cap usd:point in time30d-21.37%2026-09-11T00:00:00.000Z → 2026-10-11T03:33:48.000Z
dex volume usd:daily90d23.06%2026-06-29T00:00:00.000Z → 2026-09-27T00:00:00.000Z
fees usd:daily90d14.35%2026-06-29T00:00:00.000Z → 2026-09-27T00:00:00.000Z
market cap usd:point in time90d2.10%2026-07-13T00:00:00.000Z → 2026-10-11T03:33:48.000Z
dex volume usd:daily180d-97.77%2026-03-31T00:00:00.000Z → 2026-09-27T00:00:00.000Z
fees usd:daily180d-97.72%2026-03-31T00:00:00.000Z → 2026-09-27T00:00:00.000Z
market cap usd:point in time180d-9.51%2026-04-14T00:00:00.000Z → 2026-10-11T03:33:48.000Z

Market snapshot

Circulating supply
10M
Total supply
10M
Max supply
10M
Provider updated
2026-10-11T03:33:48.000Z

Evidence coverage

Verified/provider links
2
Stored fundamental observations
4,733
Calculated history rows
11
Signal comparison
prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: Starting value is zero; percentage change is undefined

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

activity growth stagnant market cap · included · no signal

Eligible, but configured thresholds were not jointly met

Inputs and calculation
{
  "inputs": {
    "activity": {
      "metric": "dex_volume_usd",
      "result": {
        "status": "calculated",
        "windowDays": 30,
        "start": {
          "id": "d2f870b7-ea24-4371-8019-2c9ebb8d97f6:3333:dex_volume:1789084800",
          "at": "2026-09-11T00:00:00.000Z",
          "value": 4049
        },
        "end": {
          "id": "5fde7da8-3c37-4879-8995-06f079ce2348:26176+5fde7da8-3c37-4879-8995-06f079ce2348:26233",
          "at": "2026-10-11T04:49:37.444Z",
          "value": 2986
        },
        "percent": -26.253395900222277,
        "definition": "(end - start) / abs(start) * 100 over 30 days"
      }
    },
    "marketCap": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "d2f870b7-ea24-4371-8019-2c9ebb8d97f6:coingecko:baseswap:1789084800000",
        "at": "2026-09-11T00:00:00.000Z",
        "value": 55477.93122743035
      },
      "end": {
        "id": "ea5e0bde-a4b1-4259-ae6c-448457ec97b0",
        "at": "2026-10-11T03:33:48.000Z",
        "value": 43623
      },
      "percent": -21.368733413708895,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "activityChangePercent": -26.253395900222277,
    "marketCapChangePercent": -21.368733413708895
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

peer valuation difference · included · signal

The valuation multiple differs materially from the eligible peer median

Limits: A difference is not evidence of mispricing; protocol economics may not be comparable

Inputs and calculation
{
  "inputs": {
    "currentCap": 43623,
    "latestRevenue": 1.24,
    "peerMedian": 38.92882734625997
  },
  "calculation": {
    "annualizedRevenueMultiple": 96.38311975254086,
    "peerMultipleRatio": 2.4758803776759724
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

fundamental deterioration · included · signal

At least one available fundamental deteriorated beyond the configured threshold

Inputs and calculation
{
  "inputs": {
    "fees": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "d2f870b7-ea24-4371-8019-2c9ebb8d97f6:3333:fees:1789084800",
        "at": "2026-09-11T00:00:00.000Z",
        "value": 12
      },
      "end": {
        "id": "5fde7da8-3c37-4879-8995-06f079ce2348:8389+5fde7da8-3c37-4879-8995-06f079ce2348:8485",
        "at": "2026-10-11T04:49:24.915Z",
        "value": 3.95
      },
      "percent": -67.08333333333334,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "revenue": {
      "status": "insufficient_history",
      "windowDays": 30,
      "reason": "Starting value is zero; percentage change is undefined"
    },
    "tvl": {
      "status": "insufficient_history",
      "windowDays": 30,
      "reason": "No observation within 2 days of the 30-day boundary"
    }
  },
  "calculation": {
    "worstChangePercent": -67.08333333333334
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

high dilution · included · no signal

Eligible, but dilution threshold was not met

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 9997785.356791392,
    "totalSupply": 9998487.11720254
  },
  "calculation": {
    "totalToCirculatingRatio": 1.0000701915860468
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation
{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

Provenance and raw evidence

Classification evidence
[
  {
    "assetId": "coingecko:baseswap",
    "kind": "sector",
    "value": "decentralized_exchanges",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Dexs",
    "sourceProvider": "defillama",
    "sourceRecord": "3507",
    "observedAt": "2026-10-11T04:49:10.103Z"
  },
  {
    "assetId": "coingecko:baseswap",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Dexs",
    "sourceProvider": "defillama",
    "sourceRecord": "3507",
    "observedAt": "2026-10-11T04:49:10.103Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:baseswap",
    "protocolId": "3333",
    "protocolSlug": "baseswap-v2",
    "method": "gecko_id_and_chain_contract",
    "evidence": "DeFiLlama gecko_id=baseswap; DeFiLlama address=base:0x78a087d713Be963Bf307b18F2Ff8122EF9A63ae9; CoinGecko platforms.base=0x78a087d713Be963Bf307b18F2Ff8122EF9A63ae9",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:baseswap",
    "protocolId": "3507",
    "protocolSlug": "basex",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=base:0x78a087d713Be963Bf307b18F2Ff8122EF9A63ae9; CoinGecko platforms.base=0x78a087d713Be963Bf307b18F2Ff8122EF9A63ae9",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:baseswap",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:baseswap",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:baseswap",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:baseswap",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:baseswap",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:1527",
    "protocolId": "3333",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 700848.7563550643,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8244",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 12,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8245",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 62.44,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8246",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 313.88,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15297",
    "protocolId": "3333",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0,
    "unit": "USD",
    "definition": "All revenue generated comes from user fees.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15298",
    "protocolId": "3333",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0,
    "unit": "USD",
    "definition": "All revenue generated comes from user fees.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15299",
    "protocolId": "3333",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0,
    "unit": "USD",
    "definition": "All revenue generated comes from user fees.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:24291",
    "protocolId": "3333",
    "metric": "dex_volume_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 4117,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Swap fees paid by users",
      "Fees": "Swap fees paid by users",
      "Revenue": "Percentage of swap fees going to treasury and/or token holders",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "Liquidity providers revenue"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:24292",
    "protocolId": "3333",
    "metric": "dex_volume_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 20789,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Swap fees paid by users",
      "Fees": "Swap fees paid by users",
      "Revenue": "Percentage of swap fees going to treasury and/or token holders",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "Liquidity providers revenue"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:24293",
    "protocolId": "3333",
    "metric": "dex_volume_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 104352,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Swap fees paid by users",
      "Fees": "Swap fees paid by users",
      "Revenue": "Percentage of swap fees going to treasury and/or token holders",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "Liquidity providers revenue"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:1530",
    "protocolId": "3333",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 682658.7767183363,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8257",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 8.75,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8258",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 58.3,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8259",
    "protocolId": "3333",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 310.63,
    "unit": "USD",
    "definition": "All fees come from the user.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "User pays 0.25% fees on each swap.",
      "Fees": "All fees come from the user.",
      "Revenue": "All revenue generated comes from user fees.",
      "ProtocolRevenue": "Treasury receives 0.08% of each swap.",
      "HoldersRevenue": "Money going to governance token holders",
      "SupplySideRevenue": "LPs receive 0.17% of each swap."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:15312",
    "protocolId": "3333",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 0,
    "unit": "USD",
    "definition": "All revenue generated comes from user fees.",
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  {
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  {
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  {
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  {
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  {
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  {
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    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
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      "HoldersRevenue": "Money going to governance token holders",
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  {
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  {
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  {
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  {
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  {
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]