CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Adrena.

adx · coingecko:adrena

EVIDENCE · NOT A RECOMMENDATION

This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.

Price$0.000044

Market cap$43,434.00

Active signals0

Total / circulating1.01×

Longest active streak—

Snapshots compared6

Why it surfaced

No deterministic rule is currently triggered.

What changed

No prior-snapshot signal comparison is available yet.

Latest fundamental observations

Metric	Period	Value	Observed
fees	30d	$12.00	2026-09-24T00:45:20.664Z
holders revenue	30d	$3.57	2026-09-24T00:45:24.661Z
revenue	30d	$3.57	2026-09-24T00:45:22.760Z
tvl	point in time	$136,151.53	2026-10-18T04:35:46.584Z

Historical changes

Metric	Window	Change	Boundary
tvl usd:point in time	7d	-55.18%	2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply: 987.94M
Total supply: 995.04M
Max supply: 1B
Provider updated: 2026-08-24T20:23:00.000Z

Evidence coverage

Verified/provider links: 1
Stored fundamental observations: 12
Calculated history rows: 1
Signal comparison: prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observations · No observation within 2 days of the 30-day boundary

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

peer valuation difference · excluded · no signal

Missing revenue, market capitalization, or a peer-group median

Limits: Peer groups require a shared canonical sector and at least three eligible assets

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · no signal

Eligible, but dilution threshold was not met

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation

{
  "inputs": {
    "circulatingSupply": 987937083.11761,
    "totalSupply": 995041649.848384
  },
  "calculation": {
    "totalToCirculatingRatio": 1.0071913149654776
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation

{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence

[
  {
    "assetId": "coingecko:adrena",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Derivatives",
    "sourceProvider": "defillama",
    "sourceRecord": "5353",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:adrena",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Derivatives",
    "sourceProvider": "defillama",
    "sourceRecord": "5353",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]

Identity relationships

[
  {
    "assetId": "coingecko:adrena",
    "protocolId": "5353",
    "protocolSlug": "adrena-protocol",
    "method": "gecko_id_and_chain_contract",
    "evidence": "DeFiLlama gecko_id=adrena; DeFiLlama address=solana:AuQaustGiaqxRvj2gtCdrd22PBzTn8kM3kEPEkZCtuDw; CoinGecko platforms.solana=AuQaustGiaqxRvj2gtCdrd22PBzTn8kM3kEPEkZCtuDw",
    "status": "verified_provider_relationship"
  }
]

Research statuses

[
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "peer_valuation_difference",
    "reason": "Missing revenue, market capitalization, or a peer-group median"
  },
  {
    "assetId": "coingecko:adrena",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  }
]

Human review decisions

[]

Full fundamental evidence

[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:1843",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 329438.44506235863,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9482",
    "protocolId": "5353",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 40,
    "unit": "USD",
    "definition": "All fees accrued by liquidity pools.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16349",
    "protocolId": "5353",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 12.030000000000001,
    "unit": "USD",
    "definition": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21816",
    "protocolId": "5353",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 12.030000000000001,
    "unit": "USD",
    "definition": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:1849",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 324754.782565264,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9487",
    "protocolId": "5353",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 12,
    "unit": "USD",
    "definition": "All fees accrued by liquidity pools.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16357",
    "protocolId": "5353",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 3.57,
    "unit": "USD",
    "definition": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21833",
    "protocolId": "5353",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 3.57,
    "unit": "USD",
    "definition": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Fees paid by users",
      "Fees": "All fees accrued by liquidity pools.",
      "Revenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "ProtocolRevenue": "Fees going to treasury",
      "HoldersRevenue": "20% to gov token holder, 10% to buyback gov token, 0% to protocol.",
      "SupplySideRevenue": "70% to pool token holders.",
      "Volume": "Sum of all open/close/increase/liquidate position volumes."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:1855",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-28T02:01:00.253Z",
    "value": 329992.57036335533,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:1849",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-06T16:53:29.731Z",
    "value": 331613.3327238492,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:1866",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "value": 303751.02635633026,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:2185",
    "protocolId": "5353",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "value": 136151.5254626516,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  }
]