CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Exactly Protocol.

exa · coingecko:exa

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$0.147599
Market cap$764,174.00
Active signals2
Total / circulating1.93×
Longest active streak6
Snapshots compared6

Why it surfaced

fundamental deterioration

At least one available fundamental deteriorated beyond the configured threshold

Current streak: 1 snapshot · triggered 1/6 observed snapshots

high dilution

Total supply is high relative to circulating supply

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

What changed

revenue growth declining multiple
resolved · streak 0 · 3/6 snapshots
peer valuation difference
resolved · streak 0 · 3/6 snapshots
fundamental deterioration
new · streak 1 · 1/6 snapshots
high dilution
continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

MetricPeriodValueObserved
dex volume24h$43,156.002026-10-18T04:36:13.503Z
dex volume30d$1.81M2026-10-18T04:36:13.503Z
dex volume7d$390,524.002026-10-18T04:36:13.503Z
dex volumedaily$40,362.002026-10-13T00:00:00.000Z
fees24h$1,972.002026-10-18T04:35:58.074Z
fees30d$81,347.002026-10-18T04:35:58.074Z
fees7d$14,185.002026-10-18T04:35:58.074Z
feesdaily$2,153.002026-10-01T00:00:00.000Z
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
holders revenuedaily$0.002026-10-01T00:00:00.000Z
revenue24h$95.902026-10-18T04:36:00.033Z
revenue30d$9,425.952026-10-18T04:36:00.033Z
revenue7d$1,027.952026-10-18T04:36:00.033Z
revenuedaily$202.002026-10-01T00:00:00.000Z
tvlpoint in time$12.36M2026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
dex volume usd:24h7d-26.04%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
dex volume usd:30d7d0.51%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
dex volume usd:7d7d-15.80%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
dex volume usd:daily7d-32.50%2026-10-06T00:00:00.000Z → 2026-10-13T00:00:00.000Z
fees usd:24h7d-34.87%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d7d1.02%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d7d-21.97%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:daily7d-49.09%2026-09-24T00:00:00.000Z → 2026-10-01T00:00:00.000Z
market cap usd:point in time7d-14.24%2026-10-11T03:49:49.000Z → 2026-10-18T03:44:49.000Z
revenue usd:24h7d-76.72%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d7d-2.05%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d7d-53.13%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:daily7d-64.37%2026-09-24T00:00:00.000Z → 2026-10-01T00:00:00.000Z
tvl usd:point in time7d0.31%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z
dex volume usd:daily30d-13.99%2026-09-13T00:00:00.000Z → 2026-10-13T00:00:00.000Z
fees usd:daily30d43.25%2026-09-01T00:00:00.000Z → 2026-10-01T00:00:00.000Z
market cap usd:point in time30d5.32%2026-09-18T00:00:00.000Z → 2026-10-18T03:44:49.000Z
revenue usd:daily30d83.64%2026-09-01T00:00:00.000Z → 2026-10-01T00:00:00.000Z
tvl usd:point in time30d29.08%2026-09-18T00:00:00.000Z → 2026-10-18T04:35:46.584Z
dex volume usd:daily90d-31.44%2026-07-15T00:00:00.000Z → 2026-10-13T00:00:00.000Z
fees usd:daily90d341.19%2026-07-03T00:00:00.000Z → 2026-10-01T00:00:00.000Z
market cap usd:point in time90d23.14%2026-07-20T00:00:00.000Z → 2026-10-18T03:44:49.000Z
revenue usd:daily90d362.67%2026-07-03T00:00:00.000Z → 2026-10-01T00:00:00.000Z
tvl usd:point in time90d171.39%2026-07-20T00:00:00.000Z → 2026-10-18T04:35:46.584Z
dex volume usd:daily180d17.87%2026-04-16T00:00:00.000Z → 2026-10-13T00:00:00.000Z
fees usd:daily180d688.64%2026-04-04T00:00:00.000Z → 2026-10-01T00:00:00.000Z
market cap usd:point in time180d-0.34%2026-04-21T00:00:00.000Z → 2026-10-18T03:44:49.000Z
revenue usd:daily180d1847.93%2026-04-04T00:00:00.000Z → 2026-10-01T00:00:00.000Z
tvl usd:point in time180d346.97%2026-04-21T00:00:00.000Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
5.18M
Total supply
10M
Max supply
10M
Provider updated
2026-10-18T03:44:49.000Z

Evidence coverage

Verified/provider links
2
Stored fundamental observations
3,213
Calculated history rows
29
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 · included · no signal

Eligible, but configured thresholds were not jointly met

Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints

Inputs and calculation
{
  "inputs": {
    "revenue": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "b0cf8dc7-589e-4fc4-b451-49cdedf0b2ab:2385:revenue:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 299
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:15092",
        "at": "2026-10-18T04:36:00.033Z",
        "value": 95.9
      },
      "percent": -67.92642140468227,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "marketCap": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "2a37cfec-5ab5-4fcd-b3e0-a72b0501b58e:coingecko:exa:1789689600000",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 725572.8853811469
      },
      "end": {
        "id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
        "at": "2026-10-18T03:44:49.000Z",
        "value": 764174
      },
      "percent": 5.320087808763104,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "startMultiple": 2426.665168498819,
    "endMultiple": 7968.44629822732,
    "multipleChange": 228.37024249030412
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · included · no signal

Eligible, but configured thresholds were not jointly met

Inputs and calculation
{
  "inputs": {
    "activity": {
      "metric": "dex_volume_usd",
      "result": {
        "status": "calculated",
        "windowDays": 30,
        "start": {
          "id": "2a37cfec-5ab5-4fcd-b3e0-a72b0501b58e:7378:dex_volume:1789689600",
          "at": "2026-09-18T00:00:00.000Z",
          "value": 63837
        },
        "end": {
          "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:27228",
          "at": "2026-10-18T04:36:13.503Z",
          "value": 43156
        },
        "percent": -32.3965725206385,
        "definition": "(end - start) / abs(start) * 100 over 30 days"
      }
    },
    "marketCap": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "2a37cfec-5ab5-4fcd-b3e0-a72b0501b58e:coingecko:exa:1789689600000",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 725572.8853811469
      },
      "end": {
        "id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
        "at": "2026-10-18T03:44:49.000Z",
        "value": 764174
      },
      "percent": 5.320087808763104,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "activityChangePercent": -32.3965725206385,
    "marketCapChangePercent": 5.320087808763104
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

Starting value is zero; percentage change is undefined

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 · no signal

Eligible, but the configured difference threshold was not met

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

Inputs and calculation
{
  "inputs": {
    "currentCap": 764174,
    "latestRevenue": 95.9,
    "peerMedian": 34.55381309893715
  },
  "calculation": {
    "annualizedRevenueMultiple": 21.83135972117074,
    "peerMultipleRatio": 0.6318075420116879
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · included · signal

At least one available fundamental deteriorated beyond the configured threshold

Inputs and calculation
{
  "inputs": {
    "fees": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "b0cf8dc7-589e-4fc4-b451-49cdedf0b2ab:2385:fees:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 2473
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:7178",
        "at": "2026-10-18T04:35:58.074Z",
        "value": 1972
      },
      "percent": -20.25879498584715,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "revenue": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "b0cf8dc7-589e-4fc4-b451-49cdedf0b2ab:2385:revenue:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 299
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:15092",
        "at": "2026-10-18T04:36:00.033Z",
        "value": 95.9
      },
      "percent": -67.92642140468227,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    },
    "tvl": {
      "status": "calculated",
      "windowDays": 30,
      "start": {
        "id": "b0cf8dc7-589e-4fc4-b451-49cdedf0b2ab:2385:tvl:1789689600",
        "at": "2026-09-18T00:00:00.000Z",
        "value": 9573507
      },
      "end": {
        "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:607",
        "at": "2026-10-18T04:35:46.584Z",
        "value": 12357294.08146244
      },
      "percent": 29.078028369984366,
      "definition": "(end - start) / abs(start) * 100 over 30 days"
    }
  },
  "calculation": {
    "worstChangePercent": -67.92642140468227
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · signal

Total supply is high relative to circulating supply

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

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 5177411.312902564,
    "totalSupply": 10000000
  },
  "calculation": {
    "totalToCirculatingRatio": 1.9314671745470793
  },
  "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:exa",
    "kind": "sector",
    "value": "lending_borrowing",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Lending",
    "sourceProvider": "defillama",
    "sourceRecord": "2385",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:exa",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Crypto Card Issuer",
    "sourceProvider": "defillama",
    "sourceRecord": "7378",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:exa",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Lending",
    "sourceProvider": "defillama",
    "sourceRecord": "2385",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:exa",
    "protocolId": "2385",
    "protocolSlug": "exactly",
    "method": "gecko_id_and_chain_contract",
    "evidence": "DeFiLlama gecko_id=exa; DeFiLlama address=optimism:0x1e925de1c68ef83bd98ee3e130ef14a50309c01b; CoinGecko platforms.optimistic-ethereum=0x1e925de1c68ef83bd98ee3e130ef14a50309c01b",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:exa",
    "protocolId": "7378",
    "protocolSlug": "exa-card",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=optimism:0x1e925de1c68ef83bd98ee3e130ef14a50309c01b; CoinGecko platforms.optimistic-ethereum=0x1e925de1c68ef83bd98ee3e130ef14a50309c01b",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:exa",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:exa",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "Starting value is zero; percentage change is undefined"
  },
  {
    "assetId": "coingecko:exa",
    "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-b174-122aa3718807:659",
    "protocolId": "2385",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 11402890.166661017,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:660",
    "protocolId": "2385",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 10880184.25874691,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:648",
    "protocolId": "2385",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-28T02:01:00.253Z",
    "value": 11515465.466545885,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:7853",
    "protocolId": "2385",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 2415,
    "unit": "USD",
    "definition": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
      "Revenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "ProtocolRevenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "SupplySideRevenue": "Borrow interest, late repayment penalties, early withdrawal penalties, and liquidation penalties earned by lenders and depositors."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:7854",
    "protocolId": "2385",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 24323,
    "unit": "USD",
    "definition": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
      "Revenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "ProtocolRevenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "SupplySideRevenue": "Borrow interest, late repayment penalties, early withdrawal penalties, and liquidation penalties earned by lenders and depositors."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:7855",
    "protocolId": "2385",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 71399,
    "unit": "USD",
    "definition": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
      "Revenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "ProtocolRevenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "SupplySideRevenue": "Borrow interest, late repayment penalties, early withdrawal penalties, and liquidation penalties earned by lenders and depositors."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15073",
    "protocolId": "2385",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 250,
    "unit": "USD",
    "definition": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
      "Revenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "ProtocolRevenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "SupplySideRevenue": "Borrow interest, late repayment penalties, early withdrawal penalties, and liquidation penalties earned by lenders and depositors."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15074",
    "protocolId": "2385",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 3334,
    "unit": "USD",
    "definition": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Total interest and fees paid by borrowers across variable (floating) and fixed-rate pools, early withdrawal penalties, and liquidation penalties.",
      "Revenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "ProtocolRevenue": "Portion of borrow interest and early withdrawal fees directed to the protocol treasury based on the market treasury fee rate.",
      "SupplySideRevenue": "Borrow interest, late repayment penalties, early withdrawal penalties, and liquidation penalties earned by lenders and depositors."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15075",
    "protocolId": "2385",
    "metric": "revenue_usd",
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