Abracadabra SPELL

Revenue fadingRank#75in Low payout▼2Score0

Revenue −90% over 30 days. Also: part of holders revenue is paid out.

CDP, Ethereum, Avalanche, Arbitrum +4, 165 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

$11.9M

price $0.0000693 · 7d −1.3% · 30d −22.8%

FDV $13.5M (1.1× market cap)

source defillama

Counted per year

$2k

holders revenue of the last 30 days, $168, × 365 ÷ 30, × type factor 0.75 (a mixed model counts 75%)

Mixedbuyback share 50%

Returns 0.0% of its market cap a year, using 50¢ of every $1 it earns.

Not a buyback: counts for 75% in the multiple (type factor 0.75), so the denominator is $2k instead of $2k.

Multiple

7.7k×

peer median 35.5× (Lending, 5 tokens), against 7.7k× here

Run-rate

294.4k×

last 7 days $1 × 52 × 0.75 (type factor) = $40 a year

last week's payout to holders ran at 3% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 7.7k× (type factor 0.75: a mixed model counts 75%), 217× more expensive than its Lending peers (median 35.5×, 5 tokens). The group's largest earner Sky trades at 27.0×: 285× dearer per dollar returned to holders. On total revenue: 2.9k×, 234× dearer than the revenue peer median.
Distribution
Mixed: Part buyback, part distribution or burn; the exact split is not known. Holders got $168 of $338 revenue in 30 days → buyback share 50%. DefiLlama: “Borrow Interest: 50% of interest revenue used for SPELL buybacks and mSPELL stakers.”
Sustainability
Holders were paid on 12 of 30 days (40%); largest single day 49% 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 −59% over 7 days and −90% over 30 days, price −23% 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 ($2k)

How the buyback really works

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

Holders revenue / revenue (30d): $168 / $338; last 30 closed days
To holders: Returns 0.0% of its market cap a year
FDV / dilution: $13.5M / 1.1×; FDV ÷ market cap
Price 7d / 30d: −1.3% / −22.8%
Revenue growth 7d / 30d: −59% / −90%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: $226k; DexScreener, representative pools
24h volume: $420k; all markets, CoinGecko
Unlocks 30d: —; DefiLlama's schedule does not cover the next 30 days while tokens are still locked
Revenue multiple: 2.9k×; market cap ÷ revenue per year
Fee multiple: 2.9k×; market cap ÷ fees per year
Distance to peak: 0%; this week ÷ best week of 90 days
Data since: Jun 1; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 7.7k× (scored) · peer median 35.5×

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

Lending (merged group) · 5 tokens · median multiple 35.5× · Sky is valued 114.8× higher. Per dollar that counts for holders, Abracadabra is 284.6× 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
Spark	Buyback	12.9×	3.6×	28%	$344k	$54.5M	+144%
Skyleader	Mixed	27.0×	8.4×	41%	$5.5M	$1.37B	−2%
Maple Finance	Buyback	35.5×	7.1×	20%	$317k	$138.2M	+6%
Liquity	Distribution	1.2k×	8.3×	81%	$128k	$16.2M	+418%
Abracadabrathis token	Mixed	7.7k×	2.9k×	50%	$168	$11.9M	−90%

Score build-up0 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.

0of 100#75▼2top 100%

Valuation 0.0Momentum 7.2Divergence 0.0Quality 2.8penalties −10= -0.0

Valuation35%

0Valuation 0.0: HR half 0.0 (multiple 7693.99×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 0.0 (revenue peer value 0.00×; 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

29Momentum 28.8: m = 0.5·g7 −0.893 + 0.3·(ln(day jump 714.00) clamped ±1.5 = 1.500) + 0.2·g30 −1.500 = −0.296; 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%

14Quality 13.9: mean of days HR>0 40% → 16.7 (0 at ≤30%, 100 at ≥90%), largest day 49% of HR30 → 25.1 (0 at ≥60%, 100 at ≤15%), distance to peak 0.00 → 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 −10 (low_liquidity): DEX liquidity $228k below $250k and 24h volume $422k 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 $228k below $250k and 24h volume $422k 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.

Abracadabra Spell
CDP · Ethereum, Avalanche, Arbitrum, Fantom, BSC, OP Mainnet, Kava
type mixed · source label
“Borrow Interest: 50% of interest revenue used for SPELL buybacks and mSPELL stakers.”
50% of protocol revenue used for SPELL buybacks and mSPELL staker rewards (AIP #10).
Borrow Fees
50% of borrow/opening fee revenue used for SPELL buybacks and mSPELL stakers.
Borrow Interest
50% of interest revenue used for SPELL buybacks and mSPELL stakers.
Liquidation Fees
50% of the protocol's liquidation cut used for SPELL buybacks and mSPELL stakers.
adapter on GitHub ↗