Usual USUAL

Part buyback, part payoutRank#12▼3Score52

Part of holders revenue is bought back, part is paid out; the split is not known.

RWA, Ethereum, 183 days of data

Active signals 1

Revenue jumpsince Nov 5
Paid to holders this week: $160k, 1.7× the week before. Revenue $196k, 1.5× the week before.

Market cap

$21.6M

price $0.0108 · 7d +4.2% · 30d −5.1%

FDV $21.5M (1.0× market cap)

source defillama

Counted per year

$3.4M

holders revenue of the last 30 days, $378k, × 365 ÷ 30, × type factor 0.75 (a mixed model counts 75%)

Mixedbuyback share 70%

Returns 21% of its market cap a year, using 70¢ of every $1 it earns.

Not a buyback: counts for 75% in the multiple (type factor 0.75), so the denominator is $3.4M instead of $4.6M.

Multiple

6.3×

median of all tokens 20.2×, against 6.3× here

Run-rate

3.5×

last 7 days $160k × 52 × 0.75 (type factor) = $6.2M a year

last week's payout to holders ran 1.8× the 30-day pace: the payout is speeding up

What we checked

Valuation
Multiple 6.3× (type factor 0.75: a mixed model counts 75%), 3.2× cheaper than the median of all tokens (20.2×; its category is too small for a peer group). The group's largest earner Hyperliquid trades at 20.2×: 3.2× cheaper per dollar returned to holders. On total revenue: 3.3×, 81.9× cheaper than the revenue peer median.
Distribution
Mixed: Part buyback, part distribution or burn; the exact split is not known. Holders got $378k of $542k revenue in 30 days → buyback share 70%. DefiLlama: “Early Unstake penalty: 33% of the USUAL tokens committed for early unstake are burnt and 67% are allocated to USUALx and USUAL”
Sustainability
Holders were paid on 25 of 30 days (83%); largest single day 18% of the month's holders revenue; paid to holders this week: 73% of the best week in 90 days. Revenue +50% over 7 days and +80% over 30 days, price −5% 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

Small peer group51 peers in universe; median taken from the universe level

How the buyback really works

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

Holders revenue / revenue (30d): $378k / $542k; last 30 closed days
To holders: Returns 21% of its market cap a year
FDV / dilution: $21.5M / 1.0×; FDV ÷ market cap
Price 7d / 30d: +4.2% / −5.1%
Revenue growth 7d / 30d: +50% / +80%; versus the period before
Divergence: 0.64; revenue growth minus price growth, 30d
DEX liquidity: $737k; DexScreener, representative pools
24h volume: $1.9M; all markets, CoinGecko
Unlocks 30d: $478k; DefiLlama vesting schedule
Revenue multiple: 3.3×; market cap ÷ revenue per year
Fee multiple: 3.2×; market cap ÷ fees per year
Distance to peak: 73%; this week ÷ best week of 90 days
Data since: May 13; 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 6.3× (scored) · peer median 20.2×

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 6, 2026	Revenue jumpactive	$0.0103	—	—	+6%	30-day check: day 6
November 4, 2026	Day jumpclosed Nov 5: REV $6.40k on 2026-11-04 below 1.5 × the old average $11.8k	$0.00996	+7%	—	+9%	30-day check: day 8
November 2, 2026	Sell signalclosed Nov 4: revenue no longer meets any of the sell rules	$0.0103	+2%	—	+5%	30-day check: day 10
October 31, 2026	New in top 20closed Nov 2: now ranked #22	$0.0108	−5%	—	+1%	30-day check: day 11

Versus peers

universe (whole universe) · 52 tokens (51 with a multiple) · median multiple 20.2× · Hyperliquid is valued 782.5× higher. Per dollar that counts for holders, Usual is 3.2× 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
PaperStrategy	Buyback + burn	0.2×	0.1×	42%	$780k	$1.9M	+17%
Pharaoh Exchange	ve / bribes	0.3×	0.2×	100%	$1.3M	$2.6M	−52%
OTC	Buyback + burn	0.5×	0.2×	43%	$292k	$1.9M	+111%
RamsesX	Mixed	0.7×	0.5×	97%	$368k	$2.2M	+8%
nest	Distribution	0.8×	0.4×	100%	$869k	$4.4M	+32%
Sapling	Buyback + burn	0.9×	0.7×	82%	$100k	$1.1M	−30%
ORE Protocol	Buyback + burn	1.0×	1.0×	99%	$4.3M	$51.7M	+37%
StonkFun	Buyback + burn	1.7×	1.0×	60%	$1.7M	$34.5M	−88%
up	ve / bribes	2.0×	1.0×	100%	$313k	$3.9M	−68%
Fake World Assets	Buyback + burn	2.4×	1.7×	80%	$149k	$3.9M	−70%
THORSwap	Mixed	3.7×	2.1×	75%	$312k	$10.4M	+55%
Marinade	Buyback	5.1×	2.5×	50%	$193k	$11.9M	−13%
Chainflip	Buyback + burn	5.4×	5.4×	100%	$520k	$34.4M	+59%
Pons	Buyback + burn	5.7×	5.7×	118%	$1.7M	$99.8M	−84%
Pump	Buyback	5.8×	2.6×	44%	$21.9M	$1.54B	−24%
Usualthis token	Mixed	6.3×	3.3×	70%	$378k	$21.6M	+80%
Aero	ve / bribes	8.7×	4.0×	96%	$7.4M	$372.0M	−6%
Tornado Cash	Mixed	9.6×	7.2×	100%	$278k	$24.4M	−21%
SSV Network	Mixed	12.4×	9.3×	100%	$275k	$31.1M	−10%
Spark	Buyback	13.0×	3.7×	29%	$340k	$53.8M	+133%
Lighter	Buyback	14.6×	11.8×	81%	$4.4M	$775.1M	+14%
edgeX	Buyback	16.0×	7.0×	44%	$622k	$120.8M	−43%
Lido	Buyback	18.6×	6.2×	34%	$0	$255.2M	+6%
Geodnet	Buyback + burn	18.8×	15.1×	80%	$744k	$170.5M	0%
PancakeSwap	Buyback + burn	19.5×	12.8×	65%	$2.4M	$563.6M	−29%
Hyperliquidleader	Buyback + burn	20.2×	20.2×	100%	$68.8M	$16.94B	−3%
Bankr	Distribution	20.3×	8.8×	86%	$237k	$25.1M	−85%
deBridge	Buyback	20.8×	15.6×	75%	$340k	$86.1M	−13%
ApeX Protocol	Mixed	21.2×	15.9×	100%	$145k	$28.2M	−21%
Yield Basis	ve / bribes	22.1×	7.8×	100%	$148k	$14.0M	41.0×
Sky	Mixed	26.7×	8.4×	42%	$5.5M	$1.34B	−3%
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%
Collector Crypt	Buyback + burn	35.3×	0.9×	3%	$392k	$168.2M	−5%
GMX	Distribution	37.0×	13.5×	73%	$354k	$79.6M	+15%
Maple Finance	Buyback	37.2×	7.4×	20%	$326k	$147.5M	+14%
Uniswap	Buyback + burn	37.3×	37.3×	100%	$8.2M	$3.71B	−20%
Convex Finance	ve / bribes	47.5×	13.8×	95%	$881k	$155.5M	0%
Orca	Buyback	47.8×	7.9×	16%	$130k	$75.6M	−36%
Aster	Buyback + burn	50.2×	∞	—	$2.8M	$1.69B	—
Jupiter	Buyback	50.2×	15.9×	32%	$1.4M	$856.4M	−32%
dYdX	Distribution	51.6×	25.8×	100%	$240k	$75.2M	−15%
Venice	Buyback + burn	68.7×	68.7×	100%	$1.1M	$941.4M	+22%
Kinetiq	Mixed	84.8×	37.3×	59%	$133k	$103.2M	−37%
Railgun	Distribution	86.5×	28.1×	66%	$202k	$116.7M	−9%
Pendle	ve / bribes	104×	37.2×	72%	$411k	$260.0M	+39%
Render Network BME	Burn	122×	86.6×	95%	$751k	$832.8M	+240%
Chainlink	Buyback	152×	147×	100%	$4.3M	$7.66B	−2%
Meteora	Distribution	180×	5.2×	18%	$458k	$161.9M	−60%
NEAR Protocol	Buyback	206×	194×	94%	$1.8M	$4.51B	−18%
Liquity	Distribution	1.2k×	8.2×	80%	$128k	$15.8M	+409%
BONK.fun	Mixed	∞	11.7×	95%	$1.5M	$233.7M	−67%

Score build-up52 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.

52of 100#12▼3top 22%

Valuation 31.3Momentum 10.2Divergence 8.5Quality 17.1penalties −15= 52.1

Valuation35%

89Valuation 89.5: HR half 78.9 (multiple 6.28×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 100.0 (revenue peer value 81.86×; 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%

41Momentum 40.6: m = 0.5·g7 0.404 + 0.3·(ln(day jump 0.15) clamped ±1.5 = −1.500) + 0.2·g30 0.586 = −0.131; 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%

43Divergence 42.6: d = g30 − p30 = 0.638; 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%

86Quality 85.7: mean of days HR>0 83% → 88.9 (0 at ≤30%, 100 at ≥90%), largest day 18% of HR30 → 93.8 (0 at ≥60%, 100 at ≤15%), distance to peak 0.73 → 74.5 (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 −15 (unlocks_above_hr30): unlocks next 30d $478k above HR30 $378k.

Penalties−15

−15Unlocks in the next 30 days above HR30unlocks next 30d $478k above HR30 $378k

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 11, 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.

Usual USD0
RWA · Ethereum
type mixed · source label
“Early Unstake penalty: 33% of the USUAL tokens committed for early unstake are burnt and 67% are allocated to USUALx and USUAL”
USD0 paid to USUALx lockers from RWA yield, plus USUAL early unstake penalties distributed to USUALx stakers or burnt.
RWA Yield
USD0 distributed to USUALx lockers from RWA treasury yields
Early Unstake penalty
33% of the USUAL tokens committed for early unstake are burnt and 67% are allocated to USUALx and USUAL
adapter on GitHub ↗