$2,299
-30.0%past year

Code is moving, $21.7M in fees this month, sources agree.

Code

415+ commits in 90 days from 49 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1
Last push
Nov 4, 2026
Last release
Nov 4, 2026
ethereum · official site, CoinGecko, CoinMarketCapparitytech · CoinGecko
Usage

$21.7M in fees over 30 days

Fees paid on this chain. Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 4Nov 3
Revenue, 30d
$7.15M
TVL
$44.5B
Numbers

CoinGecko and CoinMarketCap agree

CGCMC
Price$2,415$2,414Agree
Supply122M122MAgree
Mcap$295B$295BAgree
Volume$15.2B$15.6BAgree

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $186B of $295B is real

Selling everything at 2% a day would take 749 days.

Paper (all tokens)$295B
Market cap$295B
Real$186B

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: BitDelta.

Where it lives

18 tokens under its ticker that no list knows

Anubis Bridged ETH (Anubis)Arbitrum Bridged WETH (Arbitrum Nova)Arbitrum Bridged WETH (Arbitrum One)Arc Bridged WETH (Arc)Avalanche Bridged WETH (Avalanche)Bifrost Bridged ETH (Bifrost)and 76 more
WrapperBNB ChainEthereum Token 0x2170…33F8$23.5M
UnknownStarknetEther 0x049d…4dc7$2.17M
UnknownEthereumEther 0x0000…0000$1.17M
WrapperSolanaWrapped Ethereum (Sollet) 2FPyTw…6Pxk$400K
UnknownSolanaEthereum Bho83r…wTd9$59.5claims $1.72B
UnknownSolanaEthereum e9QNPh…xWjy$54.7claims $1.58B

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$11.7B in open futures, 4% of the market cap

Closing them all by force would take 30 days of 2% sell depth.

Funding, 8h
+0.0057% · longs pay shorts
Futures volume
$24.9B · 1.6× the spot volume · open interest turned over 2.1×
Liquidated, 24h
longs $1.52M · shorts $293K
Venues
Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $1.15M below · shorts $775K above

67 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain

Its own chain: no token contract to check

Read from the chain and GoPlus. Powers are facts about the contract, not a verdict on the team.

Run this project? Make it official.

Prove you run it and point us to your repo, supply page and unlocks. It appears here labelled as yours, next to what we found.

More dossiers