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Sell signal activeRank#19▲1Score45

Sell signal since Oct 30. REV30 fell to 0.3× of the previous 30 days; REV ratio 1.0×, HR ratio 1.0×. Still open: gradual decline over 30 days still holds. Also active: Distribution cut. See Signals.

Dexs, Robinhood Chain, 125 days of data

Active signals 3

Distribution cutsince Nov 2
Paid to holders this week $52k, 29% of its usual $182k per week. Revenue this week $52k.
Payout to holders cut: revenue this week $52k, 1.0× the week before, paid to holders 29% of its usual week. Still open: the payout has not recovered.
Sell signalsince Oct 30
Revenue over 30 days $313k, 32% of the 30 days before ($991k).
Gradual decline over 30 days: revenue this week $52k, 1.0× the week before, paid to holders 1.0× the week before. Still open: gradual decline over 30 days still holds.
Multiple below mediansince Oct 30
Multiple 2.0×, below the 19.5× median of Dexs (13 tokens).

Market cap

$3.9M

price $0.151 · 7d −23.1% · 30d −24.4%

FDV $48.2M (12.4× market cap)

source defillama

Counted per year

$1.9M

holders revenue of the last 30 days, $313k, × 365 ÷ 30, × type factor 0.5 (payouts to vote lockers count 50%)

ve / bribesbuyback share 100%

Pays out 98% of its market cap a year, using 100¢ of every $1 it earns.

Not a buyback: counts for 50% in the multiple (type factor 0.5), so the denominator is $1.9M instead of $3.8M.

Multiple

2.0×

peer median 19.5× (Dexs, 13 tokens), against 2.0× here

Run-rate

2.9×

last 7 days $52k × 52 × 0.5 (type factor) = $1.3M a year

last week's payout to holders ran at 71% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 2.0× (type factor 0.5: payouts to vote lockers count 50%), 9.6× cheaper than its Dexs peers (median 19.5×, 13 tokens). The group's largest earner Uniswap trades at 37.3×: 18.3× cheaper per dollar returned to holders. On total revenue: 1.0×, 16.6× 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 $313k of $313k revenue in 30 days → buyback share 100%. DefiLlama: “CL Gauge Voter Fees: Concentrated liquidity swap fees accumulated for gauges and routed to veUP 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: 7% of the best week in 90 days (more than half below peak). Revenue −3% over 7 days and −68% over 30 days, price −24% 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 30; REV30 fell to 0.3× of the previous 30 days; REV ratio 1.0×, HR ratio 1.0×. Still open: gradual decline over 30 days still holds. See Signals
Distribution cutactive since Nov 2; paid to holders $51.9k in the week to 2026-11-11 vs $182k per week from 2026-08-13 to 2026-11-04 (29%) while REV7 is $51.9k ($53.7k the week before); last payout 2026-11-11. Still open: the payout has not recovered. See Signals
Payout >50% below peakthis week's holders revenue is 7% of its best week in the last 90 days ($702k)

How the buyback really works

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

Holders revenue / revenue (30d): $313k / $313k; last 30 closed days
To holders: Pays out 98% of its market cap a year
FDV / dilution: $48.2M / 12.4×; FDV ÷ market cap
Price 7d / 30d: −23.1% / −24.4%
Revenue growth 7d / 30d: −3% / −68%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: $1.1M; DexScreener, representative pools
24h volume: $1.1M; all markets, CoinGecko
Unlocks 30d: —; DefiLlama's schedule does not cover the next 30 days while tokens are still locked
Revenue multiple: 1.0×; market cap ÷ revenue per year
Fee multiple: 0.9×; market cap ÷ fees per year
Distance to peak: 7%; this week ÷ best week of 90 days
Data since: Jul 10; 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 2.0× (scored) · peer median 19.5×

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

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 3, 2026	New in top 20closed Nov 3: now ranked #23	$0.15	+1%	—	+1%	30-day check: day 9
November 3, 2026	Distribution cutactive	$0.15	0%	—	0%	30-day check: day 9
October 31, 2026	Multiple below medianactive	$0.157	+15%	—	−4%	30-day check: day 11
October 31, 2026	Sell signalactive	$0.157	+15%	—	−4%	30-day check: day 11

Versus peers

Dexs · 13 tokens · median multiple 19.5× · Uniswap is valued 955.8× higher. Per dollar that counts for holders, up is 18.3× cheaper.

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	$2.6M	−52%
RamsesX	Mixed	0.7×	0.5×	97%	$368k	$2.2M	+8%
nest	Distribution	0.8×	0.4×	100%	$869k	$4.4M	+32%
upthis token	ve / bribes	2.0×	1.0×	100%	$313k	$3.9M	−68%
Chainflip	Buyback + burn	5.4×	5.4×	100%	$520k	$34.4M	+59%
Aero	ve / bribes	8.7×	4.0×	96%	$7.4M	$372.0M	−6%
PancakeSwap	Buyback + burn	19.5×	12.8×	65%	$2.4M	$563.6M	−29%
Raydium	Buyback	27.1×	16.8×	62%	$1.3M	$425.4M	−65%
Curve Finance	ve / bribes	29.3×	11.1×	94%	$2.6M	$374.4M	+44%
Uniswapleader	Buyback + burn	37.3×	37.3×	100%	$8.2M	$3.71B	−20%
Orca	Buyback	47.8×	7.9×	16%	$130k	$75.6M	−36%
Aster	Buyback + burn	50.2×	∞	—	$2.8M	$1.69B	—
Meteora	Distribution	180×	5.2×	18%	$458k	$161.9M	−60%

Score build-up45 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.

45of 100#19▲1top 36%

Valuation 35.0Momentum 7.1Divergence 0.0Quality 13.3penalties −10= 45.5

Valuation35%

100Valuation 100.0: HR half 100.0 (multiple 2.04×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 100.0 (revenue peer value 16.57×; 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 28.5: m = 0.5·g7 −0.034 + 0.3·(ln(day jump 0.84) clamped ±1.5 = −0.177) + 0.2·g30 −1.153 = −0.301; 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 8% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.07 → 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 (dilution_above_4): dilution ratio 12.43 above 4.

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

−10Dilution ratio above 4dilution ratio 12.43 above 4

9 rules not applied, 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: November 11, 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.

up v3
Dexs · Robinhood Chain
type ve-distribution · source label
“CL Gauge Voter Fees: Concentrated liquidity swap fees accumulated for gauges and routed to veUP voters.”
Voter fee share is measured from CLPool.gaugeFees() deltas plus CollectFees events and applied per token.
CL Gauge Voter Fees
Concentrated liquidity swap fees accumulated for gauges and routed to veUP voters.
adapter on GitHub ↗
up v2
Dexs · Robinhood Chain
type ve-distribution · source label
“V2 Gauge Voter Fees: V2 pool swap fees attributable to LP tokens staked in gauges and routed to veUP voters.”
V2 pool fees attributable to staked gauge LP share, estimated from pool.balanceOf(gauge) / pool.totalSupply.
V2 Gauge Voter Fees
V2 pool swap fees attributable to LP tokens staked in gauges and routed to veUP voters.
adapter on GitHub ↗