Gains Network GNS

Revenue fadingRank#18in Low payout▲1Score44

Revenue −76% over 30 days; paid to holders this week: 11% of the best week in 90 days ($3k against $28k). Also: holders revenue is paid out, not a buyback.

Derivatives, Polygon, Arbitrum, Base +2, 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

Market cap

$8.6M

price $0.357 · 7d +1.5% · 30d −32.8%

FDV $8.5M (1.0× market cap)

source defillama

Counted per year

$144k

holders revenue of the last 30 days, $24k, × 365 ÷ 30, × type factor 0.5 (payouts count 50%)

Distributionbuyback share 17%

Pays out 3.4% of its market cap a year, using 17¢ of every $1 it earns.

Not a buyback: counts for 50% in the multiple (type factor 0.5), so the denominator is $144k instead of $288k.

Multiple

59.4×

peer median 21.1× (Derivatives, 7 tokens), against 59.4× here

Run-rate

103×

last 7 days $3k × 52 × 0.5 (type factor) = $83k a year

last week's payout to holders ran at 58% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 59.4× (type factor 0.5: payouts count 50%), 2.8× more expensive than its Derivatives peers (median 21.1×, 7 tokens). The group's largest earner Hyperliquid trades at 21.1×: 2.8× dearer per dollar returned to holders. On total revenue: 5.2×, 2.5× cheaper than the revenue peer median.
Distribution
Distribution: Revenue is paid out to stakers or holders (often in another asset); no buy pressure on the token. Holders got $24k of $136k revenue in 30 days → buyback share 17%. No methodology sentence to rest the classification on.
Sustainability
Holders were paid on 28 of 30 days (93%); largest single day 12% of the month's holders revenue; paid to holders this week: 11% of the best week in 90 days (more than half below peak). Revenue −40% over 7 days and −76% over 30 days, price −33% 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 11% of its best week in the last 90 days ($28k)
Insufficient history192 days of data; g7, day_jump not computable yet and scored as neutral 50
Data issue: chain mapping missingData issue (chain mapping missing): warning, scores are computed as usual

How the buyback really works

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

Holders revenue / revenue (30d): $24k / $136k; last 30 closed days
To holders: Pays out 3.4% of its market cap a year
FDV / dilution: $8.5M / 1.0×; FDV ÷ market cap
Price 7d / 30d: +1.5% / −32.8%
Revenue growth 7d / 30d: −40% / −76%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: $325k; DexScreener, representative pools
24h volume: $592k; all markets, CoinGecko
Unlocks 30d: —; no unlock schedule for this token
Revenue multiple: 5.2×; market cap ÷ revenue per year
Fee multiple: 3.8×; market cap ÷ fees per year
Distance to peak: 11%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day (not yet computed)7-day averagePrice (right axis)

The daily revenue series follows the first compute run. Until then the chart shows the price only.

Signal history

No signals for this token yet.

Versus peers

Derivatives · 7 tokens · median multiple 21.1× · Hyperliquid is valued 2060.9× higher. Per dollar that counts for holders, Gains Network is 2.8× 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
Lighter	Buyback	15.8×	12.8×	81%	$4.4M	$841.1M	+12%
edgeX	Buyback	16.4×	7.1×	43%	$605k	$120.4M	−44%
ApeX Protocol	Mixed	19.3×	14.5×	100%	$148k	$26.1M	−20%
Hyperliquidleader	Buyback + burn	21.1×	21.1×	100%	$68.7M	$17.66B	−4%
GMX	Distribution	37.2×	13.6×	73%	$363k	$82.1M	+15%
dYdX	Distribution	54.8×	27.4×	100%	$234k	$77.9M	−21%
Gains Networkthis token	Distribution	59.4×	5.2×	17%	$24k	$8.6M	−76%

Score build-up44 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.

44of 100#18▲1top 23% one or more parts are the neutral 50

Valuation 18.5Momentum 12.5Divergence 0.0Quality 13.3= 44.4

Valuation35%

53Valuation 52.9: HR half 14.8 (multiple 59.45×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 91.0 (revenue peer value 2.46×; 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

50Momentum 50.0 (neutral): g7 unknown, g30 −1.445; missing history gives the neutral 50.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 93% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 12% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.11 → 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).

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: — active children; 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 token

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.

No children mapped.