Vana
Research notes
The dilution overhang of 289.61 percent reflects that only about 25.67 percent of the maximum supply of 120,000,000 tokens is currently circulating, so the pace and schedule of future token issuance is worth monitoring because it affects how the existing circulating supply of 30,800,000 tokens is priced relative to what is yet to enter the market. Total value locked stands at 203,297.37 USD against a market capitalization of 27,254,623 USD, producing a market-cap-to-TVL ratio of roughly 133.76, so changes in TVL relative to market cap would indicate whether on-chain economic activity is expanding or contracting alongside valuation. Fee trends across the 24-hour, 7-day, and 30-day windows are informative given that the 30-day period already showed a 77.78 percent fee decline, and any sustained reversal would be a concrete sign of growing network usage. The price is currently 97.49 percent below its all-time high, recorded 626 days ago, making the all-time-high distance a useful historical reference point for understanding where the current price sits in context.
Written by an AI language model from the figures listed below, on 03 Sep 2026 09:23 UTC.