Definitive EDGE

Sell signal activeRank#63in Low payout▼7Score11

Sell signal since Oct 31. REV7 fell to 0.5× of the previous week; REV ratio 0.5×, HR ratio 0.5×. Still open: weekly revenue drop and gradual decline over 30 days still holds. Also active: Distribution cut. See Signals.

DEX Aggregator, Ethereum, Base, OP Mainnet +8, 193 days of data

Low payout: less than $100k to holders in 30 days, or payouts on fewer than 8 of the 30 days (for a token that pays in cycles of a week or longer: more than one of the payouts its cycle predicts missed); ranked within this group

Active signals 2

Sell signalsince Oct 31
Revenue over 30 days $180k, 34% of the 30 days before ($530k).
Weekly revenue drop: revenue this week $19k, 0.5× the week before, paid to holders 0.5× the week before. Still open: weekly revenue drop and gradual decline over 30 days still holds.
Distribution cutheld since Oct 28
Paid to holders this week $4k, 18% of its usual $22k per week. Revenue this week $19k.
Payout to holders cut: revenue this week $19k, 0.5× the week before, paid to holders 18% of its usual week. Still open: the payout has not recovered.

Market cap

$21.4M

price $0.0788 · 7d −11.2% · 30d −25.1%

FDV $78.7M (3.7× market cap)

source defillama

Counted per year

$329k

holders revenue of the last 30 days, $36k, × 365 ÷ 30, × type factor 0.75 (a mixed model counts 75%)

Mixedbuyback share 20%

Returns 2.1% of its market cap a year, using 20¢ of every $1 it earns.

Not a buyback: counts for 75% in the multiple (type factor 0.75), so the denominator is $329k instead of $439k.

Multiple

64.9×

peer median 17.9× (Trading, 26 tokens), against 64.9× here

Run-rate

141×

last 7 days $4k × 52 × 0.75 (type factor) = $151k a year

last week's payout to holders ran at 46% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 64.9× (type factor 0.75: a mixed model counts 75%), 3.6× more expensive than its Trading peers (median 17.9×, 26 tokens). The group's largest earner Hyperliquid trades at 21.4×: 3.0× dearer per dollar returned to holders. On total revenue: 9.7×, 2.9× dearer than the revenue peer median.
Distribution
Mixed: Part buyback, part distribution or burn; the exact split is not known. Holders got $36k of $180k revenue in 30 days → buyback share 20%. DefiLlama: “Token Buy Back: 10% of trading fee revenue funds EDGE buybacks from October 1, 2025”
Sustainability
Holders were paid on 30 of 30 days (100%); largest single day 10% of the month's holders revenue; paid to holders this week: 8% of the best week in 90 days (more than half below peak). Revenue −53% over 7 days and −66% over 30 days, price −25% 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

Sell signalactive since Oct 31; REV7 fell to 0.5× of the previous week; REV ratio 0.5×, HR ratio 0.5×. Still open: weekly revenue drop and gradual decline over 30 days still holds. See Signals
Distribution cutheld since Oct 28, before tracking started; paid to holders $3.87k in the week to 2026-11-12 vs $21.5k per week from 2026-08-14 to 2026-11-05 (18%) while REV7 is $19.4k ($41.3k the week before); last payout 2026-11-12. Still open: the payout has not recovered. See Signals
Payout >50% below peakthis week's holders revenue is 8% of its best week in the last 90 days ($49k)

How the buyback really works

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

Holders revenue / revenue (30d): $36k / $180k; last 30 closed days
To holders: Returns 2.1% of its market cap a year
FDV / dilution: $78.7M / 3.7×; FDV ÷ market cap
Price 7d / 30d: −11.2% / −25.1%
Revenue growth 7d / 30d: −53% / −66%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: $504k; DexScreener, representative pools
24h volume: $1.8M; all markets, CoinGecko
Unlocks 30d: —; no unlock schedule for this token
Revenue multiple: 9.7×; market cap ÷ revenue per year
Fee multiple: 9.7×; market cap ÷ fees per year
Distance to peak: 8%; 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)▲ ▼ signal days (history below)

Multiple over time

today 64.9× (scored) · peer median 17.9×

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

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
Date	Signal	Price then	After 7d	After 30d	Since	Outcome
November 1, 2026	Sell signalactive	$0.0776	+7%	—	+2%	30-day check: day 12
October 28, 2026	Distribution cutactive	$0.0776	+7%	—	+2%	not counted

Versus peers

Trading (merged group) · 27 tokens (26 with a multiple) · median multiple 17.9× · Hyperliquid is valued 836.2× higher. Per dollar that counts for holders, Definitive is 3.0× dearer.

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
Pharaoh Exchange	ve / bribes	0.3×	0.2×	100%	$1.3M	$2.4M	−53%
OTC	Buyback + burn	0.5×	0.2×	43%	$284k	$1.8M	+99%
RamsesX	Mixed	0.7×	0.5×	90%	$347k	$2.1M	+8%
nest	Distribution	0.8×	0.4×	100%	$868k	$4.2M	+30%
StonkFun	Buyback + burn	1.9×	1.1×	60%	$1.6M	$37.9M	−88%
up	ve / bribes	2.0×	1.0×	100%	$300k	$3.6M	−70%
THORSwap	Mixed	3.4×	1.9×	75%	$311k	$9.6M	+37%
Chainflip	Buyback + burn	5.6×	5.6×	100%	$536k	$36.3M	+56%
Pons	Buyback + burn	6.2×	6.2×	104%	$1.4M	$103.4M	−83%
Pump	Buyback	6.2×	2.7×	44%	$21.5M	$1.63B	−27%
Aero	ve / bribes	8.0×	3.7×	96%	$7.4M	$346.0M	−8%
Lighter	Buyback	15.4×	12.4×	81%	$4.4M	$819.3M	+12%
edgeX	Buyback	16.3×	7.0×	43%	$605k	$120.3M	−44%
ApeX Protocol	Mixed	19.4×	14.5×	100%	$148k	$26.1M	−20%
PancakeSwap	Buyback + burn	20.9×	13.6×	65%	$2.4M	$599.7M	−29%
Hyperliquidleader	Buyback + burn	21.4×	21.4×	100%	$68.7M	$17.86B	−4%
Raydium	Buyback	27.0×	16.7×	62%	$1.3M	$417.8M	−65%
Curve Finance	ve / bribes	30.5×	11.1×	94%	$2.6M	$374.2M	+44%
Uniswap	Buyback + burn	36.6×	36.6×	100%	$8.2M	$3.63B	−19%
GMX	Distribution	37.0×	13.5×	73%	$363k	$81.7M	+15%
Aster	Buyback + burn	51.1×	∞	—	$2.7M	$1.71B	—
Orca	Buyback	52.2×	8.1×	15%	$120k	$76.3M	−37%
dYdX	Distribution	53.9×	27.0×	100%	$234k	$76.7M	−21%
Jupiter	Buyback	54.2×	16.2×	30%	$1.3M	$872.5M	−32%
Definitivethis token	Mixed	64.9×	9.7×	20%	$36k	$21.4M	−66%
Meteora	Distribution	161×	4.7×	17%	$480k	$165.0M	−54%
BONK.fun	Mixed	∞	11.9×	95%	$1.5M	$238.1M	−67%

Score build-up11 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.

11of 100#63▼7top 84%

Valuation 2.4Momentum 0.7Divergence 0.0Quality 13.3penalties −5= 11.4

Valuation35%

7Valuation 6.9: HR half 12.3 (multiple 64.89×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 1.4 (revenue peer value 0.34×; 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

3Momentum 2.7: m = 0.5·g7 −0.757 + 0.3·(ln(day jump 0.80) clamped ±1.5 = −0.226) + 0.2·g30 −1.077 = −0.662; 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

0Divergence 0.0: d = g30 − p30 = 0.000; 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%

67Quality 66.7: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 10% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.08 → 0.0 (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).

Penalty −5 (dilution_above_2): dilution ratio 3.68 above 2.

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.

Penalties−5

−5Dilution ratio above 2dilution ratio 3.68 above 2

9 rules not applied, 3 wait for research data.

Where the numbers come from

Revenue source: 1 active child; DefiLlama adapter per child
Price and market cap: defillama / defillama; latest fetch
Scored on: November 12, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token1 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.

Definitive
DEX Aggregator · Ethereum, Base, OP Mainnet, Polygon, BSC, Arbitrum, Avalanche, Solana, Robinhood Chain, Ink, Arc
type mixed · source label
“Token Buy Back: 10% of trading fee revenue funds EDGE buybacks from October 1, 2025”
From October 1, 2025, 10% of revenue funds EDGE buybacks and 10% funds EDGE staker rewards
Token Buy Back
10% of trading fee revenue funds EDGE buybacks from October 1, 2025
Staking Rewards
10% of trading fee revenue funds EDGE staker rewards from October 1, 2025
adapter on GitHub ↗