CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

xExchange.

mex · coingecko:maiar-dex

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$0.000001
Market cap$2.06M
Active signals0
Total / circulating1.00×
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

MetricPeriodValueObserved
dex volume24h$103,588.002026-10-18T04:36:13.503Z
dex volume30d$5.45M2026-10-18T04:36:13.503Z
dex volume7d$1.7M2026-10-18T04:36:13.503Z
fees24h$358.002026-10-18T04:35:58.074Z
fees30d$17,118.002026-10-18T04:35:58.074Z
fees7d$5,164.002026-10-18T04:35:58.074Z
holders revenue24h$107.002026-10-18T04:36:12.168Z
holders revenue30d$5,704.002026-10-18T04:36:12.168Z
holders revenue7d$1,721.002026-10-18T04:36:12.168Z
revenue24h$107.002026-10-18T04:36:00.033Z
revenue30d$5,704.002026-10-18T04:36:00.033Z
revenue7d$1,721.002026-10-18T04:36:00.033Z
tvlpoint in time$3.8M2026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
dex volume usd:24h7d-35.58%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
dex volume usd:30d7d-28.94%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
dex volume usd:7d7d-1.57%2026-10-11T04:49:37.444Z → 2026-10-18T04:36:13.503Z
fees usd:24h7d-22.51%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d7d-29.40%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d7d-3.94%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
holders revenue usd:24h7d-30.52%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:30d7d-29.40%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:7d7d-3.91%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
market cap usd:point in time7d-15.46%2026-10-11T04:07:51.000Z → 2026-10-18T04:02:52.000Z
revenue usd:24h7d-30.52%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d7d-29.40%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d7d-3.91%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
tvl usd:point in time7d-8.66%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
4.08T
Total supply
4.08T
Max supply
—
Provider updated
2026-10-18T04:02:52.000Z

Evidence coverage

Verified/provider links
1
Stored fundamental observations
78
Calculated history rows
14
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 · 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": 2055742,
    "latestRevenue": 107,
    "peerMedian": 35.165599059746924
  },
  "calculation": {
    "annualizedRevenueMultiple": 52.63710152349251,
    "peerMultipleRatio": 1.496835058434842
  },
  "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": 4075069798230,
    "totalSupply": 4075069798230
  },
  "calculation": {
    "totalToCirculatingRatio": 1
  },
  "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:maiar-dex",
    "kind": "sector",
    "value": "decentralized_exchanges",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Dexs",
    "sourceProvider": "defillama",
    "sourceRecord": "854",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:maiar-dex",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Dexs",
    "sourceProvider": "defillama",
    "sourceRecord": "854",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:maiar-dex",
    "protocolId": "854",
    "protocolSlug": "xexchange",
    "method": "gecko_id",
    "evidence": "DeFiLlama gecko_id=maiar-dex",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:maiar-dex",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:maiar-dex",
    "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:maiar-dex",
    "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:maiar-dex",
    "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:maiar-dex",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:maiar-dex",
    "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-b174-122aa3718807:915",
    "protocolId": "854",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 4192312,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7435",
    "protocolId": "854",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 0,
    "unit": "USD",
    "definition": "A 0.3% fee is charged on each swap.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7436",
    "protocolId": "854",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 4703,
    "unit": "USD",
    "definition": "A 0.3% fee is charged on each swap.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7437",
    "protocolId": "854",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 36597,
    "unit": "USD",
    "definition": "A 0.3% fee is charged on each swap.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:14581",
    "protocolId": "854",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0,
    "unit": "USD",
    "definition": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:14582",
    "protocolId": "854",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 1567,
    "unit": "USD",
    "definition": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:14583",
    "protocolId": "854",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 12195,
    "unit": "USD",
    "definition": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20835",
    "protocolId": "854",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0,
    "unit": "USD",
    "definition": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20836",
    "protocolId": "854",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 1567,
    "unit": "USD",
    "definition": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:20837",
    "protocolId": "854",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 12195,
    "unit": "USD",
    "definition": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23696",
    "protocolId": "854",
    "metric": "dex_volume_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23697",
    "protocolId": "854",
    "metric": "dex_volume_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 1389293,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:23698",
    "protocolId": "854",
    "metric": "dex_volume_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:38.149Z",
    "value": 11567395,
    "unit": "USD",
    "definition": "DeFiLlama dex_volume_usd; definition is protocol-adapter specific and was not supplied",
    "sourceUrl": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
      "ProtocolRevenue": "Percentage of swap fees going to treasury",
      "HoldersRevenue": "0.05% of each swap is distributed to all accounts holding Energy (xMEX lockers) and 0.05% used for MEX buyback & burn.",
      "SupplySideRevenue": "0.2% of each swap is distributed to liquidity providers."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:912",
    "protocolId": "854",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 4191800,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:7450",
    "protocolId": "854",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 0,
    "unit": "USD",
    "definition": "A 0.3% fee is charged on each swap.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Users pay a 0.3% fee on each swap.",
      "Fees": "A 0.3% fee is charged on each swap.",
      "Revenue": "0.1% of each swap is not distributed to LPs (0.05% used for MEX buyback & burn, 0.05% distributed to Energy holders).",
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]