peer valuation difference
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
verse · coingecko:verse-bitcoin
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
At least one available fundamental deteriorated beyond the configured threshold
Current streak: 3 snapshots · triggered 3/6 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 | $1,382.00 | 2026-10-18T04:36:13.503Z |
| dex volume | 30d | $89,195.00 | 2026-10-18T04:36:13.503Z |
| dex volume | 7d | $23,938.00 | 2026-10-18T04:36:13.503Z |
| dex volume | daily | $3,029.00 | 2026-10-08T00:00:00.000Z |
| fees | 24h | $4.31 | 2026-10-18T04:35:58.074Z |
| fees | 30d | $269.25 | 2026-10-18T04:35:58.074Z |
| fees | 7d | $72.20 | 2026-10-18T04:35:58.074Z |
| fees | daily | $9.25 | 2026-10-08T00:00:00.000Z |
| revenue | 24h | $0.69 | 2026-10-18T04:36:00.033Z |
| revenue | 30d | $44.79 | 2026-10-18T04:36:00.033Z |
| revenue | 7d | $11.98 | 2026-10-18T04:36:00.033Z |
| revenue | daily | $1.54 | 2026-10-08T00:00:00.000Z |
| tvl | point in time | $284,488.17 | 2026-10-18T04:35:46.584Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| dex volume usd:24h | 7d | 84.27% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:30d | 7d | 3.88% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:7d | 7d | 37.31% | 2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z |
| dex volume usd:daily | 7d | 192.66% | 2026-10-01T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| fees usd:24h | 7d | 86.58% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:30d | 7d | 3.82% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:7d | 7d | 40.82% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:daily | 7d | 185.49% | 2026-10-01T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| market cap usd:point in time | 7d | -0.99% | 2026-10-11T04:42:53.000Z → 2026-10-18T04:28:54.000Z |
| revenue usd:24h | 7d | 81.58% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:30d | 7d | 3.68% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:7d | 7d | 40.61% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:daily | 7d | 185.19% | 2026-10-01T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| tvl usd:point in time | 7d | -3.32% | 2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 30d | -98.18% | 2026-09-08T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| fees usd:daily | 30d | -98.14% | 2026-09-08T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| market cap usd:point in time | 30d | 18.94% | 2026-09-18T00:00:00.000Z → 2026-10-18T04:28:54.000Z |
| revenue usd:daily | 30d | -98.15% | 2026-09-08T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| tvl usd:point in time | 30d | 3.58% | 2026-09-18T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 90d | -93.51% | 2026-07-10T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| fees usd:daily | 90d | -93.39% | 2026-07-10T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| market cap usd:point in time | 90d | -77.99% | 2026-07-20T00:00:00.000Z → 2026-10-18T04:28:54.000Z |
| revenue usd:daily | 90d | -93.40% | 2026-07-10T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| tvl usd:point in time | 90d | -39.34% | 2026-07-20T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| dex volume usd:daily | 180d | -80.47% | 2026-04-11T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| fees usd:daily | 180d | -79.44% | 2026-04-11T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| market cap usd:point in time | 180d | -83.08% | 2026-04-21T00:00:00.000Z → 2026-10-18T04:28:54.000Z |
| revenue usd:daily | 180d | -74.33% | 2026-04-11T00:00:00.000Z → 2026-10-08T00:00:00.000Z |
| tvl usd:point in time | 180d | -51.42% | 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 briefEligible, but configured thresholds were not jointly met
Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints
{
"inputs": {
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:1732:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 2.01
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:14904",
"at": "2026-10-18T04:36:00.033Z",
"value": 0.69
},
"percent": -65.67164179104478,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:coingecko:verse-bitcoin:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 181289.1292013048
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T04:28:54.000Z",
"value": 215617
},
"percent": 18.9354270440437,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"startMultiple": 90193.59661756459,
"endMultiple": 312488.4057971015,
"multipleChange": 246.464070084823
},
"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": "444b0974-714b-42e6-abc6-c01bf960228d:1732:dex_volume:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 4077
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:25205",
"at": "2026-10-18T04:36:13.503Z",
"value": 1382
},
"percent": -66.10252636742703,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:coingecko:verse-bitcoin:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 181289.1292013048
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T04:28:54.000Z",
"value": 215617
},
"percent": 18.9354270440437,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"activityChangePercent": -66.10252636742703,
"marketCapChangePercent": 18.9354270440437
},
"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": 215617,
"latestRevenue": 0.69,
"peerMedian": 35.165599059746924
},
"calculation": {
"annualizedRevenueMultiple": 856.1326186221958,
"peerMultipleRatio": 24.345742473137243
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}At least one available fundamental deteriorated beyond the configured threshold
{
"inputs": {
"fees": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:1732:fees:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 12.07
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:6963",
"at": "2026-10-18T04:35:58.074Z",
"value": 4.31
},
"percent": -64.29163214581608,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:1732:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 2.01
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:14904",
"at": "2026-10-18T04:36:00.033Z",
"value": 0.69
},
"percent": -65.67164179104478,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"tvl": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "444b0974-714b-42e6-abc6-c01bf960228d:1732:tvl:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 274658
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:1825",
"at": "2026-10-18T04:35:46.584Z",
"value": 284488.17039622273
},
"percent": 3.5790584640617547,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"worstChangePercent": -65.67164179104478
},
"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": 51981736671.69,
"totalSupply": 210000000000
},
"calculation": {
"totalToCirculatingRatio": 4.039880416584254
},
"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:verse-bitcoin",
"kind": "sector",
"value": "decentralized_exchanges",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Dexs",
"sourceProvider": "defillama",
"sourceRecord": "1732",
"observedAt": "2026-10-18T04:35:46.584Z"
},
{
"assetId": "coingecko:verse-bitcoin",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category Dexs",
"sourceProvider": "defillama",
"sourceRecord": "1732",
"observedAt": "2026-10-18T04:35:46.584Z"
}
][
{
"assetId": "coingecko:verse-bitcoin",
"protocolId": "1732",
"protocolSlug": "verse",
"method": "gecko_id",
"evidence": "DeFiLlama gecko_id=verse-bitcoin",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:verse-bitcoin",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:verse-bitcoin",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "improving_tokenholder_value_capture",
"reason": "No observations"
},
{
"assetId": "coingecko:verse-bitcoin",
"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-b174-122aa3718807:1878",
"protocolId": "1732",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 308921.2004305889,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:7603",
"protocolId": "1732",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 6.09,
"unit": "USD",
"definition": "0.3% trading fee",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:7604",
"protocolId": "1732",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 63.900000000000006,
"unit": "USD",
"definition": "0.3% trading fee",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:7605",
"protocolId": "1732",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 1233.7399999999996,
"unit": "USD",
"definition": "0.3% trading fee",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:14734",
"protocolId": "1732",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 1.01,
"unit": "USD",
"definition": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:14735",
"protocolId": "1732",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 10.66,
"unit": "USD",
"definition": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:14736",
"protocolId": "1732",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 205.68999999999994,
"unit": "USD",
"definition": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
"Fees": "0.3% trading fee",
"Revenue": "Percentage of swap fees (sbch and ethereum) going to treasury, 0.05% on each swap",
"ProtocolRevenue": "Percentage of swap fees going to treasury",
"HoldersRevenue": "Money going to governance token holders",
"SupplySideRevenue": "User fees (sbch and ethereum) distributed among LPs, 0.25% on each swap"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:23840",
"protocolId": "1732",
"metric": "dex_volume_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 1868,
"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-b174-122aa3718807:23841",
"protocolId": "1732",
"metric": "dex_volume_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 21152,
"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-b174-122aa3718807:23842",
"protocolId": "1732",
"metric": "dex_volume_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:38.149Z",
"value": 412264,
"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:1887",
"protocolId": "1732",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-24T00:45:17.400Z",
"value": 301103.9142787456,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:7617",
"protocolId": "1732",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-24T00:45:20.664Z",
"value": 6.74,
"unit": "USD",
"definition": "0.3% trading fee",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Fees paid by traders, 0.3% on each swap",
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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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{
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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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{
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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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},
{
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"methodology": {
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},
{
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"methodology": {
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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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{
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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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{
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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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{
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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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{
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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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},
{
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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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},
{
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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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}
},
{
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},
{
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}
},
{
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},
{
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},
{
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}
}
]