Hydration DEX HDX

Revenue fading

Revenue −33% over 30 days.

Dexs, Hydration, 193 days of data

Not ranked: nothing returned to holders in the last 30 days (effective holders revenue $0)

Market cap

$37.5M

price $0.00631 · 7d −8.1% · 30d −17.4%

FDV $40.3M (1.1× market cap)

source defillama

Counted per year

holders revenue of the last 30 days, $0, × 365 ÷ 30, × type factor 0.75 (burns count 75%)

Burnbuyback share 0%

Nothing went to holders in the last 30 days, using 0¢ of every $1 it earns.

Not a buyback: counts for 75% in the multiple (type factor 0.75), so the denominator is $0 instead of $0.

Multiple

∞

no effective holders revenue: nothing flows back to holders, so the multiple is unbounded

Run-rate

∞

last 7 days $0 × 52 × 0.75 (type factor) = $0 a year

What we checked

Valuation
No effective holders revenue, so the multiple is ∞: nothing to value the token on.
Distribution
Burn: Tokens are burned from fees without a market buy; supply falls but there is no direct buy pressure. Holders got $0 of $16k revenue in 30 days → buyback share 0%. DefiLlama: “Omnipool Protocol Fees Burned: Hub-asset protocol fees destroyed by the runtime.”
Sustainability
Holders were paid on 0 of 30 days (0%); largest single day — of the month's holders revenue; paid to holders this week: 0% of the best week in 90 days (more than half below peak). Revenue +14% over 7 days and −33% 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 0% of its best week in the last 90 days ($7k)

How the buyback really works

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

Holders revenue / revenue (30d): $0 / $16k; last 30 closed days
To holders: Nothing went to holders in the last 30 days
FDV / dilution: $40.3M / 1.1×; FDV ÷ market cap
Price 7d / 30d: −8.1% / −17.4%
Revenue growth 7d / 30d: +14% / −33%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: —; trades mainly on exchanges
24h volume: $11k; all markets, CoinGecko
Unlocks 30d: —; no unlock schedule for this token
Revenue multiple: 197×; market cap ÷ revenue per year
Fee multiple: 39.9×; market cap ÷ fees per year
Distance to peak: 0%; 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 ∞ (scored) · peer median 21.0×

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 · 14 tokens · median multiple 21.0×

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%
RamsesX	Mixed	0.7×	0.5×	90%	$347k	$2.2M	+8%
nest	Distribution	0.8×	0.4×	100%	$868k	$4.3M	+30%
up	ve / bribes	2.0×	1.0×	100%	$300k	$3.7M	−70%
Chainflip	Buyback + burn	5.6×	5.6×	100%	$536k	$36.3M	+56%
Aero	ve / bribes	8.2×	3.8×	96%	$7.4M	$352.3M	−8%
PancakeSwap	Buyback + burn	21.0×	13.7×	65%	$2.4M	$602.4M	−29%
Raydium	Buyback	27.2×	16.9×	62%	$1.3M	$421.9M	−65%
Curve Finance	ve / bribes	30.7×	11.1×	94%	$2.6M	$376.7M	+44%
Uniswapleader	Buyback + burn	36.2×	36.2×	100%	$8.2M	$3.59B	−19%
Aster	Buyback + burn	51.2×	∞	—	$2.7M	$1.71B	—
Orca	Buyback	52.8×	8.1×	15%	$120k	$77.1M	−37%
Meteora	Distribution	162×	4.8×	17%	$480k	$166.1M	−54%
Hydration DEXthis token	Burn	∞	197×	0%	$0	$37.5M	−33%

Score build-up1 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.

1of 100 one or more parts are the neutral 50

Valuation 0.0Momentum 11.2Divergence 0.0Quality 0.0penalties −10= 1.2

Valuation35%

0Valuation 0.0: HR half 0.0 (multiple n/a (effective HR 0) → 0; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 0.0 (revenue peer value 0.09×; 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

45Momentum 44.8: m = 0.5·g7 0.135 + 0.3·(ln(day jump 0.82) clamped ±1.5 = −0.201) + 0.2·g30 −0.399 = −0.073; 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%

0Quality 0.0 (neutral): days HR>0 0%, largest day unknown, distance to peak 0.00; a missing part gives the neutral 0.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 −10 (low_liquidity): DEX liquidity unknown below $250k and 24h volume $11k below $1.00M.

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−10

−10Liquidity below $250k (dex) or 24h volume below $1M (cex)DEX liquidity unknown below $250k and 24h volume $11k below $1.00M

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.

Hydration DEX
Dexs · Hydration
type burn · source label
“Omnipool Protocol Fees Burned: Hub-asset protocol fees destroyed by the runtime.”
Omnipool protocol fees burned. The runtime burned all of them until 16 February 2025, half until 16 February 2026, and none since.
Omnipool Protocol Fees Burned
Hub-asset protocol fees destroyed by the runtime. All of them until 16 February 2025, half until 16 February 2026, and none since.
adapter on GitHub ↗