Blackhole BLACK

Payout off peak

Paid to holders this week: 32% of the best week in 90 days ($14k against $45k), while revenue +17% over 30 days. Also: holders revenue goes to vote lockers, not a buyback.

Dexs, Avalanche, 193 days of data

Not in the main ranking: Market cap below $1M

Market cap

$774k

price $0.00241 · 7d −16.3% · 30d −17.1%

FDV $784k (1.0× market cap)

source defillama

Counted per year

$298k

holders revenue of the last 30 days, $98k, × 365 ÷ 30, × type factor 0.25 (payouts to vote lockers count 25%)

ve / bribesbuyback share 100%

Pays out 117% of its market cap a year, using 100¢ of every $1 it earns.

Not a buyback: counts for 25% in the multiple (type factor 0.25), so the denominator is $298k instead of $1.2M.

Multiple

3.4×

peer median 13.8× (Dexs, 17 tokens), against 3.4× here

Run-rate

5.5×

last 7 days $14k × 52 × 0.25 (type factor) = $184k a year

last week's payout to holders ran at 62% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 3.4× (type factor 0.25: payouts to vote lockers count 25%), 4.1× cheaper than its Dexs peers (median 13.8×, 17 tokens). It is itself the largest earner in the group. On total revenue: 0.9×, 15.9× cheaper than the revenue peer median.
Distribution
ve / bribes: Includes bribes and vote incentives from third parties paid to vote-escrow lockers; no buy pressure on the token. Holders got $98k of $98k revenue in 30 days → buyback share 100%. DefiLlama: “The remaining vault-routed swap fees, distributed to veBLACK voters.”
Sustainability
Holders were paid on 30 of 30 days (100%); largest single day 8% of the month's holders revenue; paid to holders this week: 32% of the best week in 90 days (more than half below peak). Revenue −21% over 7 days and +17% over 30 days, price −17% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

Payout >50% below peakthis week's holders revenue is 32% of its best week in the last 90 days ($45k)

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d): $98k / $98k; last 30 closed days
To holders: Pays out 117% of its market cap a year
FDV / dilution: $784k / 1.0×; FDV ÷ market cap
Price 7d / 30d: −16.3% / −17.1%
Revenue growth 7d / 30d: −21% / +17%; versus the period before
Divergence: 0.34; revenue growth minus price growth, 30d
DEX liquidity: $387k; DexScreener, representative pools
24h volume: $10k; all markets, CoinGecko
Unlocks 30d: —; unlocks not tracked yet
Revenue multiple: 0.9×; market cap ÷ revenue per year
Fee multiple: 0.8×; market cap ÷ fees per year
Distance to peak: 32%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 3.4× (scored) · peer median 13.8×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

No signals for this token yet.

Versus peers

Dexs · 1 tokens · median multiple 13.8×

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
Token	Distribution	Multiple	Revenue multiple	Buyback share	To holders 30d	Market cap	Rev. growth 30d
Blackholeleaderthis token	ve / bribes	3.4×	0.9×	100%	$98k	$774k	+17%

Score build-up64 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

64of 100

Valuation 34.4Momentum 10.7Divergence 4.6Quality 14.0= 63.7

Valuation35%

98Valuation 98.2: HR half 96.4 (multiple 3.41×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 100.0 (revenue peer value 15.94×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.

Momentum25%capped

43Momentum 42.9: m = 0.5·g7 −0.240 + 0.3·(ln(day jump 0.97) clamped ±1.5 = −0.033) + 0.2·g30 0.155 = −0.099; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.

Divergence20%capped

23Divergence 22.8: d = g30 − p30 = 0.343; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.

Quality20%

70Quality 70.0: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 8% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.32 → 10.1 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penaltiesnone

No penalty applies — 10 rules checked, 3 wait for research data

Where the numbers come from

Revenue source: 2 active children; DefiLlama adapter per child
Price and market cap: defillama / defillama; latest fetch
Scored on: October 23, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token2 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

Blackhole CLMM
Dexs · Avalanche
type ve-distribution · source text
“The remaining vault-routed swap fees, distributed to veBLACK voters.”
The remaining vault-routed swap fees, distributed to veBLACK voters.
adapter on GitHub ↗
Blackhole AMM
Dexs · Avalanche
type ve-distribution · source text
“Portion of swap fees attributed to staked LPs, which are routed through the Gauge and distributed to veBLACK voters as bribes.”
Portion of swap fees attributed to staked LPs, which are routed through the Gauge and distributed to veBLACK voters as bribes.
adapter on GitHub ↗