revenue growth declining multiple
Revenue growth and a declining revenue multiple create a research question
Current streak: 2 snapshots · triggered 3/6 observed snapshots
rion · coingecko:hyperion-2
Revenue growth and a declining revenue multiple create a research question
Current streak: 2 snapshots · triggered 3/6 observed snapshots
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
Total supply is high relative to circulating supply
Current streak: 6 snapshots · triggered 6/6 observed snapshots
| Metric | Period | Value | Observed |
|---|---|---|---|
| dex volume | 24h | $1.47M | 2026-10-18T04:36:13.503Z |
| dex volume | 30d | $52.15M | 2026-10-18T04:36:13.503Z |
| dex volume | 7d | $11.5M | 2026-10-18T04:36:13.503Z |
| dex volume | daily | $1.29M | 2026-10-01T00:00:00.000Z |
| fees | 24h | $494.00 | 2026-10-18T04:35:58.074Z |
| fees | 30d | $14,616.00 | 2026-10-18T04:35:58.074Z |
| fees | 7d | $3,545.00 | 2026-10-18T04:35:58.074Z |
| fees | daily | $371.00 | 2026-10-01T00:00:00.000Z |
| revenue | 24h | $99.00 | 2026-10-18T04:36:00.033Z |
| revenue | 30d | $2,924.00 | 2026-10-18T04:36:00.033Z |
| revenue | 7d | $709.00 | 2026-10-18T04:36:00.033Z |
| revenue | daily | $74.00 | 2026-10-01T00:00:00.000Z |
| tvl | point in time | $1.64M | 2026-10-18T04:35:46.584Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| dex volume usd:24h | 7d | 3.38% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:30d | 7d | 2.14% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:7d | 7d | -15.12% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:daily | 7d | -14.27% | 2026-09-24T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| fees usd:24h | 7d | -16.41% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:30d | 7d | 10.19% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:7d | 7d | 4.76% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:daily | 7d | -35.48% | 2026-09-24T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| market cap usd:point in time | 7d | -28.59% | 2026-10-11T03:58:56.000Z → 2026-10-18T03:54:54.000Z |
| revenue usd:24h | 7d | -16.10% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:30d | 7d | 10.21% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:7d | 7d | 4.73% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:daily | 7d | -35.65% | 2026-09-24T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| tvl usd:point in time | 7d | -4.30% | 2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 30d | -36.27% | 2026-09-01T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| fees usd:daily | 30d | 24.50% | 2026-09-01T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| market cap usd:point in time | 30d | -42.22% | 2026-09-18T00:00:00.000Z → 2026-10-18T03:54:54.000Z |
| revenue usd:daily | 30d | 23.33% | 2026-09-01T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| tvl usd:point in time | 30d | -27.73% | 2026-09-18T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 90d | -81.82% | 2026-07-03T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| fees usd:daily | 90d | -66.15% | 2026-07-03T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| market cap usd:point in time | 90d | -33.85% | 2026-07-20T00:00:00.000Z → 2026-10-18T03:54:54.000Z |
| revenue usd:daily | 90d | -66.21% | 2026-07-03T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| tvl usd:point in time | 90d | -69.87% | 2026-07-20T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 180d | -82.54% | 2026-04-04T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| fees usd:daily | 180d | -72.86% | 2026-04-04T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| market cap usd:point in time | 180d | -28.56% | 2026-04-21T00:00:00.000Z → 2026-10-18T03:54:54.000Z |
| revenue usd:daily | 180d | -72.89% | 2026-04-04T00:00:00.000Z → 2026-10-01T00:00:00.000Z |
| tvl usd:point in time | 180d | -92.69% | 2026-04-21T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.
Open AI research briefRevenue growth and a declining revenue multiple create a research question
Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints
{
"inputs": {
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:5480:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 51
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:16621",
"at": "2026-10-18T04:36:00.033Z",
"value": 99
},
"percent": 94.11764705882352,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:coingecko:hyperion-2:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 6372149.284788411
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T03:54:54.000Z",
"value": 3681657
},
"percent": -42.22268130489585,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"startMultiple": 124944.10362330217,
"endMultiple": 37188.454545454544,
"multipleChange": -70.23592673282513
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Eligible, but configured thresholds were not jointly met
{
"inputs": {
"activity": {
"metric": "dex_volume_usd",
"result": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:5480:dex_volume:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 1348658
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:26362",
"at": "2026-10-18T04:36:13.503Z",
"value": 1471496
},
"percent": 9.10816530210031,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:coingecko:hyperion-2:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 6372149.284788411
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T03:54:54.000Z",
"value": 3681657
},
"percent": -42.22268130489585,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"activityChangePercent": 9.10816530210031,
"marketCapChangePercent": -42.22268130489585
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}No observations
Limits: Requires holders revenue and fees at both boundaries
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}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": {
"currentCap": 3681657,
"latestRevenue": 99,
"peerMedian": 35.165599059746924
},
"calculation": {
"annualizedRevenueMultiple": 101.88617683686176,
"peerMultipleRatio": 2.8973252144448183
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Eligible, but deterioration threshold was not met
{
"inputs": {
"fees": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:5480:fees:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 254
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:8937",
"at": "2026-10-18T04:35:58.074Z",
"value": 494
},
"percent": 94.48818897637796,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:5480:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 51
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:16621",
"at": "2026-10-18T04:36:00.033Z",
"value": 99
},
"percent": 94.11764705882352,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"tvl": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "a7e4473e-425c-448b-aab6-c46f23631811:5480:tvl:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 2275539
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:1140",
"at": "2026-10-18T04:35:46.584Z",
"value": 1644482.0174587404
},
"percent": -27.732198065656515,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"worstChangePercent": -27.732198065656515
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Total supply is high relative to circulating supply
Limits: Supply fields are provider-reported and do not describe unlock timing
{
"inputs": {
"circulatingSupply": 42123944.880924,
"totalSupply": 100000000
},
"calculation": {
"totalToCirculatingRatio": 2.3739467013994076
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}No provider identity conflict detected
{
"inputs": {
"identityConflict": false
},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}[
{
"assetId": "coingecko:hyperion-2",
"kind": "sector",
"value": "decentralized_exchanges",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Dexs",
"sourceProvider": "defillama",
"sourceRecord": "5480",
"observedAt": "2026-10-18T04:35:46.584Z"
},
{
"assetId": "coingecko:hyperion-2",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category Dexs",
"sourceProvider": "defillama",
"sourceRecord": "5480",
"observedAt": "2026-10-18T04:35:46.584Z"
}
][
{
"assetId": "coingecko:hyperion-2",
"protocolId": "5480",
"protocolSlug": "hyperion",
"method": "gecko_id_and_chain_contract",
"evidence": "DeFiLlama gecko_id=hyperion-2; DeFiLlama address=aptos:0x435ad41e7b383cef98899c4e5a22c8dc88ab67b22f95e5663d6c6649298c3a9d; CoinGecko platforms.aptos=0x435ad41e7b383cef98899c4e5a22c8dc88ab67b22f95e5663d6c6649298c3a9d",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:hyperion-2",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:hyperion-2",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "improving_tokenholder_value_capture",
"reason": "No observations"
},
{
"assetId": "coingecko:hyperion-2",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "requires_manual_investigation",
"method": "global",
"reason": "At least one deterministic research signal triggered"
}
][]
[
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:1067",
"protocolId": "5480",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 2459503.850925217,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9570",
"protocolId": "5480",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 335,
"unit": "USD",
"definition": "Swap fees paid by traders across all pool fee tiers.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9571",
"protocolId": "5480",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 2921,
"unit": "USD",
"definition": "Swap fees paid by traders across all pool fee tiers.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9572",
"protocolId": "5480",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 12208,
"unit": "USD",
"definition": "Swap fees paid by traders across all pool fee tiers.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16434",
"protocolId": "5480",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 67,
"unit": "USD",
"definition": "20% protocol fee taken from swap fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16435",
"protocolId": "5480",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 584,
"unit": "USD",
"definition": "20% protocol fee taken from swap fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16436",
"protocolId": "5480",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 2440,
"unit": "USD",
"definition": "20% protocol fee taken from swap fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:24984",
"protocolId": "5480",
"metric": "dex_volume_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 884364,
"unit": "USD",
"definition": "Sum of swap volume across all Hyperion concentrated-liquidity pools.",
"sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:24985",
"protocolId": "5480",
"metric": "dex_volume_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 12231763,
"unit": "USD",
"definition": "Sum of swap volume across all Hyperion concentrated-liquidity pools.",
"sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:24986",
"protocolId": "5480",
"metric": "dex_volume_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 54430275,
"unit": "USD",
"definition": "Sum of swap volume across all Hyperion concentrated-liquidity pools.",
"sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
"methodology": {
"UserFees": "Swap fees paid by users",
"Fees": "Swap fees paid by traders across all pool fee tiers.",
"Revenue": "20% protocol fee taken from swap fees.",
"ProtocolRevenue": "20% protocol fee taken from swap fees and sent to the Hyperion treasury.",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "80% of swap fees distributed to in-range liquidity providers.",
"Volume": "Sum of swap volume across all Hyperion concentrated-liquidity pools."
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:1063",
"protocolId": "5480",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-24T00:45:17.400Z",
"value": 2448486.03954101,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
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