CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Immunefi.

imu · coingecko:immunefi

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$0.001784

Market cap$1.87M

Active signals3

Total / circulating9.53×

Longest active streak6

Snapshots compared6

Why it surfaced

revenue growth declining multiple

Revenue growth and a declining revenue multiple create a research question

Current streak: 1 snapshot · triggered 1/6 observed snapshots

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 6 snapshots · triggered 6/6 observed snapshots

high dilution

Total supply is high relative to circulating supply

Current streak: 6 snapshots · triggered 6/6 observed snapshots

What changed

revenue growth declining multiple

new · streak 1 · 1/6 snapshots

peer valuation difference

continuing · streak 6 · 6/6 snapshots

fundamental deterioration

resolved · streak 0 · 1/6 snapshots

high dilution

continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

Metric	Period	Value	Observed
fees	24h	$2,520.00	2026-10-18T04:35:58.074Z
fees	30d	$67,050.00	2026-10-18T04:35:58.074Z
fees	7d	$16,100.00	2026-10-18T04:35:58.074Z
fees	daily	$1,170.00	2026-10-12T00:00:00.000Z
holders revenue	24h	$0.00	2026-10-18T04:36:12.168Z
holders revenue	30d	$0.00	2026-10-18T04:36:12.168Z
holders revenue	7d	$0.00	2026-10-18T04:36:12.168Z
holders revenue	daily	$0.00	2026-10-12T00:00:00.000Z
revenue	24h	$2,520.00	2026-10-18T04:36:00.033Z
revenue	30d	$67,050.00	2026-10-18T04:36:00.033Z
revenue	7d	$16,100.00	2026-10-18T04:36:00.033Z
revenue	daily	$1,170.00	2026-10-12T00:00:00.000Z

Historical changes

Metric	Window	Change	Boundary
fees usd:24h	7d	22.33%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d	7d	-4.80%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d	7d	4.95%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:daily	7d	-36.07%	2026-10-05T00:00:00.000Z → 2026-10-12T00:00:00.000Z
market cap usd:point in time	7d	-5.57%	2026-10-11T03:58:56.000Z → 2026-10-18T03:54:54.000Z
revenue usd:24h	7d	22.33%	2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d	7d	-4.80%	2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d	7d	4.95%	2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:daily	7d	-36.07%	2026-10-05T00:00:00.000Z → 2026-10-12T00:00:00.000Z
fees usd:daily	30d	-63.83%	2026-09-12T00:00:00.000Z → 2026-10-12T00:00:00.000Z
market cap usd:point in time	30d	-10.22%	2026-09-18T00:00:00.000Z → 2026-10-18T03:54:54.000Z
revenue usd:daily	30d	-63.83%	2026-09-12T00:00:00.000Z → 2026-10-12T00:00:00.000Z
fees usd:daily	90d	-40.61%	2026-07-14T00:00:00.000Z → 2026-10-12T00:00:00.000Z
market cap usd:point in time	90d	100.84%	2026-07-20T00:00:00.000Z → 2026-10-18T03:54:54.000Z
revenue usd:daily	90d	-40.61%	2026-07-14T00:00:00.000Z → 2026-10-12T00:00:00.000Z
market cap usd:point in time	180d	-15.05%	2026-04-21T00:00:00.000Z → 2026-10-18T03:54:54.000Z

Market snapshot

Circulating supply: 1.05B
Total supply: 10B
Max supply: —
Provider updated: 2026-10-18T03:54:54.000Z

Evidence coverage

Verified/provider links: 1
Stored fundamental observations: 582
Calculated history rows: 16
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 · included · signal

Revenue growth and a declining revenue multiple create a research question

Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints

Inputs and calculation

{
  "inputs": {
    "revenue": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:8500:revenue:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 1410
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:20232",
        "at": "2026-10-18T04:36:00.033Z",
        "value": 2520
      },
      "percent": 78.72340425531915,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "marketCap": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:coingecko:immunefi:1789689600000",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 2085312.1207138603
      },
      "end": {
        "id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
        "at": "2026-10-18T03:54:54.000Z",
        "value": 1872206
      },
      "percent": -10.219387236904762,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "startMultiple": 1478.9447664637307,
    "endMultiple": 742.9388888888889,
    "multipleChange": -49.765609525411
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · included · no signal

Eligible, but configured thresholds were not jointly met

Inputs and calculation

{
  "inputs": {
    "activity": {
      "metric": "fees_usd",
      "result": {
        "status": "calculated",
        "windowDays": 30,
        "start": {
          "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:8500:fees:1789689600",
          "at": "2026-09-18T00:00:00.000Z",
          "value": 1410
        },
        "end": {
          "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:12792",
          "at": "2026-10-18T04:35:58.074Z",
          "value": 2520
        },
        "percent": 78.72340425531915,
        "definition": "(end - start) / abs(start) * 100 over 30 days"
      }
    },
    "marketCap": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:coingecko:immunefi:1789689600000",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 2085312.1207138603
      },
      "end": {
        "id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
        "at": "2026-10-18T03:54:54.000Z",
        "value": 1872206
      },
      "percent": -10.219387236904762,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "activityChangePercent": 78.72340425531915,
    "marketCapChangePercent": -10.219387236904762
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

Starting value is zero; percentage change is undefined

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

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": 1872206,
    "latestRevenue": 2520,
    "peerMedian": 39.57062354650812
  },
  "calculation": {
    "annualizedRevenueMultiple": 2.03544901065449,
    "peerMultipleRatio": 0.051438386060866266
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · included · no signal

Eligible, but deterioration threshold was not met

Inputs and calculation

{
  "inputs": {
    "fees": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:8500:fees:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 1410
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:12792",
        "at": "2026-10-18T04:35:58.074Z",
        "value": 2520
      },
      "percent": 78.72340425531915,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "revenue": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "8914c0ec-d8a9-4fd7-8a79-e226ba7b909c:8500:revenue:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 1410
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:20232",
        "at": "2026-10-18T04:36:00.033Z",
        "value": 2520
      },
      "percent": 78.72340425531915,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "tvl": {
      "status": "insufficient_history",
      "windowDays": 30,
      "reason": "No observations"
    }
  },
  "calculation": {
    "worstChangePercent": 78.72340425531915
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · signal

Total supply is high relative to circulating supply

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

Inputs and calculation

{
  "inputs": {
    "circulatingSupply": 1049459533.9892216,
    "totalSupply": 10000000000
  },
  "calculation": {
    "totalToCirculatingRatio": 9.528714234447753
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation

{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence

[
  {
    "assetId": "coingecko:immunefi",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Services",
    "sourceProvider": "defillama",
    "sourceRecord": "8500",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:immunefi",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Services",
    "sourceProvider": "defillama",
    "sourceRecord": "8500",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]

Identity relationships

[
  {
    "assetId": "coingecko:immunefi",
    "protocolId": "8500",
    "protocolSlug": "immunefi",
    "method": "gecko_id",
    "evidence": "DeFiLlama gecko_id=immunefi",
    "status": "verified_provider_relationship"
  }
]

Research statuses

[
  {
    "assetId": "coingecko:immunefi",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:immunefi",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "Starting value is zero; percentage change is undefined"
  },
  {
    "assetId": "coingecko:immunefi",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]

Human review decisions

[]

Full fundamental evidence

[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13406",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 2095,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13407",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 11850,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13408",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 79575,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20040",
    "protocolId": "8500",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 2095,
    "unit": "USD",
    "definition": "All fees collected go to Immunefi.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20041",
    "protocolId": "8500",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 11850,
    "unit": "USD",
    "definition": "All fees collected go to Immunefi.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20042",
    "protocolId": "8500",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 79575,
    "unit": "USD",
    "definition": "All fees collected go to Immunefi.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23154",
    "protocolId": "8500",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23155",
    "protocolId": "8500",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23156",
    "protocolId": "8500",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13406",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 2070,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13407",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 12900,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13408",
    "protocolId": "8500",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 76410,
    "unit": "USD",
    "definition": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:20043",
    "protocolId": "8500",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 2070,
    "unit": "USD",
    "definition": "All fees collected go to Immunefi.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Report submission fees and identity verification fees paid by security researchers to Immunefi's fee collector wallet.",
      "Revenue": "All fees collected go to Immunefi.",
      "ProtocolRevenue": "All fees collected go to Immunefi."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:20044",
    "protocolId": "8500",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 12900,
    "unit": "USD",
    "definition": "All fees collected go to Immunefi.",
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]