CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Bonk.

bonk · coingecko:bonk

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$0.000003
Market cap$260.96M
Active signals1
Total / circulating1.00×
Longest active streak6
Snapshots compared6

Why it surfaced

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 6 snapshots · triggered 6/6 observed snapshots

What changed

peer valuation difference
continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

MetricPeriodValueObserved
fees24h$1,087.002026-10-18T04:35:58.074Z
fees30d$46,942.892026-10-18T04:35:58.074Z
fees7d$10,109.002026-10-18T04:35:58.074Z
holders revenue24h$0.002026-10-18T04:36:12.168Z
holders revenue30d$0.002026-10-18T04:36:12.168Z
holders revenue7d$0.002026-10-18T04:36:12.168Z
revenue24h$27.002026-10-18T04:36:00.033Z
revenue30d$3,837.892026-10-18T04:36:00.033Z
revenue7d$2,571.002026-10-18T04:36:00.033Z
tvlpoint in time$7.64M2026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
fees usd:24h7d-28.25%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d7d1.20%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d7d-12.30%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
holders revenue usd:24h7d-21.80%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:30d7d-15.95%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:7d7d-6.97%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
market cap usd:point in time7d-12.06%2026-10-11T03:36:56.000Z → 2026-10-18T03:28:49.000Z
revenue usd:24h7d-28.12%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d7d102.54%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d7d548.24%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
tvl usd:point in time7d-26.40%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
87.99T
Total supply
87.99T
Max supply
88T
Provider updated
2026-10-18T03:28:49.000Z

Evidence coverage

Verified/provider links
2
Stored fundamental observations
120
Calculated history rows
11
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 observation within 2 days of the 30-day boundary · 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 · included · signal

The valuation multiple differs materially from the eligible peer median

Limits: A difference is not evidence of mispricing; protocol economics may not be comparable

Inputs and calculation
{
  "inputs": {
    "currentCap": 260958192,
    "latestRevenue": 30.91,
    "peerMedian": 39.57062354650812
  },
  "calculation": {
    "annualizedRevenueMultiple": 23130.182810900405,
    "peerMultipleRatio": 584.5291465704363
  },
  "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": 87994354740904.19,
    "totalSupply": 87994354740905.2
  },
  "calculation": {
    "totalToCirculatingRatio": 1.0000000000000115
  },
  "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:bonk",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Liquid Staking",
    "sourceProvider": "defillama",
    "sourceRecord": "4994",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:bonk",
    "kind": "sector",
    "value": "decentralized_exchanges",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Dexs",
    "sourceProvider": "defillama",
    "sourceRecord": "2822",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:bonk",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Liquid Staking",
    "sourceProvider": "defillama",
    "sourceRecord": "4994",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:bonk",
    "protocolId": "4994",
    "protocolSlug": "bonk-staked-sol",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263; CoinGecko platforms.solana=DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:bonk",
    "protocolId": "2822",
    "protocolSlug": "bonkswap",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263; CoinGecko platforms.solana=DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:bonk",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:bonk",
    "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:bonk",
    "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:bonk",
    "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:bonk",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:bonk",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:bonk",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:647",
    "protocolId": "4994",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 11685694.06759342,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9212",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 0.12,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9213",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 10706.12,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9214",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 43367.04,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16105",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0.12,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16106",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 279.12,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16107",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 1224.04,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21714",
    "protocolId": "4994",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21715",
    "protocolId": "4994",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21716",
    "protocolId": "4994",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:659",
    "protocolId": "4994",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 11071790.905037785,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9219",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 2137,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9220",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 8590.119999999999,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9221",
    "protocolId": "4994",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 40394.04,
    "unit": "USD",
    "definition": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16114",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 54,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16115",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 219.12,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Percentage of rewards paid to protocol",
      "Fees": "Staking rewards from staked SOL on Bonk staked solana and withdrawal fees",
      "Revenue": "Includes withdrawal fees and management fees collected by fee collector",
      "ProtocolRevenue": "Revenue going to treasury/team",
      "SupplySideRevenue": "Includes 95% of the staking rewards that go to bonkSOL and 2.5% to Sanctum"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16116",
    "protocolId": "4994",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 1082.04,
    "unit": "USD",
    "definition": "Includes withdrawal fees and management fees collected by fee collector",
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