KGeN
리서치 노트
The dilution overhang stands at approximately 403 percent, meaning the tokens not yet in circulation are more than four times the current circulating supply of roughly 198.7 million out of a maximum of 1 billion, so observing how quickly new supply enters circulation would be informative about changes to the circulating base. The ratio of fully diluted valuation to market capitalization is 5.03, a direct consequence of that same supply dynamic, and shifts in this ratio over time would reflect how token release schedules are progressing. The trailing twelve-month fee figure of 149,796 dollars is worth watching relative to the project's own stated annualized revenue claim, since a narrowing or widening gap between those two numbers would speak to what on-chain activity is actually being captured. The price is currently 73.1 percent below its all-time high, recorded 319 days ago, and monitoring how that gap evolves alongside the fee and supply figures would provide context about the relationship between protocol usage and market pricing.
아래 나열된 수치를 바탕으로 AI 언어 모델이 작성하였으며, 작성 시점: 01 Sep 2026 17:26 UTC.