Lighter

The dilution overhang stands at 300 percent, meaning three times the current circulating supply of 250,000,000 tokens remains unissued out of a maximum of 1,000,000,000, so changes in the circulating supply figure over time would be informative about how token releases affect the relationship between market capitalization and fully diluted valuation. The total value locked, currently 744,385,122 dollars, fell 2.68 percent over the trailing 7 days, making its directional trend worth observing as a measure of capital committed to the protocol. The take rate of 82.58 percent over the trailing 30 days is notably high, and watching whether it remains stable or shifts would illuminate how fee economics are distributed between the protocol and its liquidity providers. The ratio of market capitalization to annualized fees, currently 10.37, moves with both fee generation and token price, so tracking each input separately can clarify which is driving any change in that ratio.

Written by an AI language model from the figures listed below, on 15 Oct 2026 09:26 UTC.