peer valuation difference
The valuation multiple differs materially from the eligible peer median
Current streak: 4 snapshots · triggered 4/5 observed snapshots
sanc · coingecko:sanctum-2
The valuation multiple differs materially from the eligible peer median
Current streak: 4 snapshots · triggered 4/5 observed snapshots
Total supply is high relative to circulating supply
Current streak: 5 snapshots · triggered 5/5 observed snapshots
| Metric | Period | Value | Observed |
|---|---|---|---|
| dex volume | 24h | $14,110.00 | 2026-10-11T04:49:37.444Z |
| dex volume | 30d | $5.21M | 2026-10-11T04:49:37.444Z |
| dex volume | 7d | $1.51M | 2026-10-11T04:49:37.444Z |
| dex volume | daily | $134.00 | 2026-09-28T00:00:00.000Z |
| fees | 24h | $284,373.00 | 2026-10-11T04:49:24.915Z |
| fees | 30d | $8.11M | 2026-10-11T04:49:24.915Z |
| fees | 7d | $2.15M | 2026-10-11T04:49:24.915Z |
| fees | daily | $385,856.00 | 2026-10-04T00:00:00.000Z |
| holders revenue | 24h | $0.00 | 2026-10-11T04:49:36.133Z |
| holders revenue | 30d | $0.00 | 2026-10-11T04:49:36.133Z |
| holders revenue | 7d | $0.00 | 2026-10-11T04:49:36.133Z |
| holders revenue | daily | $0.00 | 2026-10-04T00:00:00.000Z |
| revenue | 24h | $8,068.00 | 2026-10-11T04:49:28.176Z |
| revenue | 30d | $227,844.00 | 2026-10-11T04:49:28.176Z |
| revenue | 7d | $61,019.00 | 2026-10-11T04:49:28.176Z |
| revenue | daily | $9,785.00 | 2026-10-04T00:00:00.000Z |
| tvl | point in time | $1.8B | 2026-10-11T04:49:10.103Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| dex volume usd:daily | 7d | -84.23% | 2026-09-20T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| fees usd:daily | 7d | 21.46% | 2026-09-20T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| market cap usd:point in time | 7d | 2.89% | 2026-10-04T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 7d | 24.19% | 2026-09-20T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| dex volume usd:daily | 30d | -95.53% | 2026-08-28T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| fees usd:daily | 30d | -12.08% | 2026-08-28T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| market cap usd:point in time | 30d | 48.71% | 2026-09-11T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 30d | -16.47% | 2026-08-28T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| tvl usd:point in time | 30d | 17.67% | 2026-09-11T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
| dex volume usd:daily | 90d | 5.48% | 2026-06-29T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| fees usd:daily | 90d | 3911.73% | 2026-06-29T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| market cap usd:point in time | 90d | 217.19% | 2026-07-13T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 90d | 15.58% | 2026-06-29T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| tvl usd:point in time | 90d | 57.69% | 2026-07-13T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
| dex volume usd:daily | 180d | -91.06% | 2026-03-31T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| fees usd:daily | 180d | 881.95% | 2026-03-31T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| market cap usd:point in time | 180d | 195.35% | 2026-04-14T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 180d | 272.99% | 2026-03-31T00:00:00.000Z → 2026-09-27T00:00:00.000Z |
| tvl usd:point in time | 180d | 50.06% | 2026-04-14T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.
Open AI research briefEligible, but configured thresholds were not jointly met
Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints
{
"inputs": {
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "22470410-eafe-4b50-b4bb-5c4dc63254e9:3388:revenue:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:4371:revenue:1789084800+dec3bf5e-f213-416b-86a9-bd0a7e5e40ce:4368:revenue:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 10182
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:16196+5fde7da8-3c37-4879-8995-06f079ce2348:16659+5fde7da8-3c37-4879-8995-06f079ce2348:16662",
"at": "2026-10-11T04:49:28.176Z",
"value": 9477
},
"percent": -6.9239835002946375,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:coingecko:sanctum-2:1789084800000",
"at": "2026-09-11T00:00:00.000Z",
"value": 23876083.92445532
},
"end": {
"id": "ea5e0bde-a4b1-4259-ae6c-448457ec97b0",
"at": "2026-10-11T04:25:51.000Z",
"value": 35505682
},
"percent": 48.708147082834415,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"startMultiple": 2344.9306545330305,
"endMultiple": 3746.5107101403396,
"multipleChange": 59.77063982245648
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}Eligible, but configured thresholds were not jointly met
{
"inputs": {
"activity": {
"metric": "dex_volume_usd",
"result": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "22470410-eafe-4b50-b4bb-5c4dc63254e9:3388:dex_volume:1789084800+dec3bf5e-f213-416b-86a9-bd0a7e5e40ce:4368:dex_volume:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 161434
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:26203+5fde7da8-3c37-4879-8995-06f079ce2348:26481",
"at": "2026-10-11T04:49:37.444Z",
"value": 29784
},
"percent": -81.55035494381605,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:coingecko:sanctum-2:1789084800000",
"at": "2026-09-11T00:00:00.000Z",
"value": 23876083.92445532
},
"end": {
"id": "ea5e0bde-a4b1-4259-ae6c-448457ec97b0",
"at": "2026-10-11T04:25:51.000Z",
"value": 35505682
},
"percent": 48.708147082834415,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"activityChangePercent": -81.55035494381605,
"marketCapChangePercent": 48.708147082834415
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}Starting value is zero; percentage change is undefined
Limits: Requires holders revenue and fees at both boundaries
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}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": {
"currentCap": 35505682,
"latestRevenue": 9477,
"peerMedian": 37.23582382797577
},
"calculation": {
"annualizedRevenueMultiple": 10.264412904494082,
"peerMultipleRatio": 0.2756596161780713
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}Eligible, but deterioration threshold was not met
{
"inputs": {
"fees": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "22470410-eafe-4b50-b4bb-5c4dc63254e9:3388:fees:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:4371:fees:1789084800+dec3bf5e-f213-416b-86a9-bd0a7e5e40ce:4368:fees:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 372945
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:8425+5fde7da8-3c37-4879-8995-06f079ce2348:8978+5fde7da8-3c37-4879-8995-06f079ce2348:8981",
"at": "2026-10-11T04:49:24.915Z",
"value": 312250
},
"percent": -16.274517690276046,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "22470410-eafe-4b50-b4bb-5c4dc63254e9:3388:revenue:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:4371:revenue:1789084800+dec3bf5e-f213-416b-86a9-bd0a7e5e40ce:4368:revenue:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 10182
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:16196+5fde7da8-3c37-4879-8995-06f079ce2348:16659+5fde7da8-3c37-4879-8995-06f079ce2348:16662",
"at": "2026-10-11T04:49:28.176Z",
"value": 9477
},
"percent": -6.9239835002946375,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"tvl": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "22470410-eafe-4b50-b4bb-5c4dc63254e9:3388:tvl:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:4371:tvl:1789084800+dec3bf5e-f213-416b-86a9-bd0a7e5e40ce:4368:tvl:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 1768100693
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:170+5fde7da8-3c37-4879-8995-06f079ce2348:305+5fde7da8-3c37-4879-8995-06f079ce2348:43",
"at": "2026-10-11T04:49:10.103Z",
"value": 2080591083.882708
},
"percent": 17.673789288125576,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"worstChangePercent": -16.274517690276046
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}Total supply is high relative to circulating supply
Limits: Supply fields are provider-reported and do not describe unlock timing
{
"inputs": {
"circulatingSupply": 519516388,
"totalSupply": 1000000000
},
"calculation": {
"totalToCirculatingRatio": 1.9248670938942547
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}No provider identity conflict detected
{
"inputs": {
"identityConflict": false
},
"calculation": null,
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}[
{
"assetId": "coingecko:sanctum-2",
"kind": "sector",
"value": "other",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Liquid Staking",
"sourceProvider": "defillama",
"sourceRecord": "4371",
"observedAt": "2026-10-11T04:49:10.103Z"
},
{
"assetId": "coingecko:sanctum-2",
"kind": "sector",
"value": "decentralized_exchanges",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Dexs",
"sourceProvider": "defillama",
"sourceRecord": "4368",
"observedAt": "2026-10-11T04:49:10.103Z"
},
{
"assetId": "coingecko:sanctum-2",
"kind": "sector",
"value": "yield_protocols",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Yield",
"sourceProvider": "defillama",
"sourceRecord": "3388",
"observedAt": "2026-10-11T04:49:10.103Z"
},
{
"assetId": "coingecko:sanctum-2",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category Liquid Staking",
"sourceProvider": "defillama",
"sourceRecord": "4371",
"observedAt": "2026-10-11T04:49:10.103Z"
}
][
{
"assetId": "coingecko:sanctum-2",
"protocolId": "4371",
"protocolSlug": "sanctum-validator-lsts",
"method": "chain_contract",
"evidence": "DeFiLlama address=solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu; CoinGecko platforms.solana=CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:sanctum-2",
"protocolId": "4368",
"protocolSlug": "sanctum-infinity",
"method": "chain_contract",
"evidence": "DeFiLlama address=solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu; CoinGecko platforms.solana=CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:sanctum-2",
"protocolId": "3388",
"protocolSlug": "sanctum-reserve",
"method": "chain_contract",
"evidence": "DeFiLlama address=solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu; CoinGecko platforms.solana=CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:sanctum-2",
"observedAt": "2026-10-11T04:49:10.103Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:sanctum-2",
"observedAt": "2026-10-11T04:49:10.103Z",
"status": "excluded_from_method",
"method": "improving_tokenholder_value_capture",
"reason": "Starting value is zero; percentage change is undefined"
},
{
"assetId": "coingecko:sanctum-2",
"observedAt": "2026-10-11T04:49:10.103Z",
"status": "requires_manual_investigation",
"method": "global",
"reason": "At least one deterministic research signal triggered"
}
][]
[
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:42",
"protocolId": "4371",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 1888801030.8694866,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:8834",
"protocolId": "4371",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 188,
"unit": "USD",
"definition": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:8835",
"protocolId": "4371",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 1840860,
"unit": "USD",
"definition": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:8836",
"protocolId": "4371",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 7273783,
"unit": "USD",
"definition": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:15790",
"protocolId": "4371",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 188,
"unit": "USD",
"definition": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:15791",
"protocolId": "4371",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 54362,
"unit": "USD",
"definition": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:15792",
"protocolId": "4371",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 209697,
"unit": "USD",
"definition": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:21545",
"protocolId": "4371",
"metric": "holders_revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 0,
"unit": "USD",
"definition": "No revenue share to CLOUD token holders",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"UserFees": "Percentage of rewards paid to protocol",
"Fees": "Staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"Revenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"ProtocolRevenue": "2.5% of staking rewards + withdrawal/deposit fees from Sanctum LSTs",
"SupplySideRevenue": "97.5% of staking rewards go to stakers",
"HoldersRevenue": "No revenue share to CLOUD token holders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:21546",
"protocolId": "4371",
"metric": "holders_revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 0,
"unit": "USD",
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}
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{
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{
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}
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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"SupplySideRevenue": "97.5% of staking rewards go to stakers",
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}
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{
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}
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{
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:4371:holders_revenue:1750464000",
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{
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{
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{
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{
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{
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{
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{
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{
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}
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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}
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{
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:4371:holders_revenue:1758672000",
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{
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{
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{
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{
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{
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{
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}
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{
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{
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{
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{
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{
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"observedAt": "2026-09-26T00:00:00.000Z",
"value": 1988809665,
"unit": "USD",
"definition": "DeFiLlama historical tvl; adapter methodology was not supplied",
"sourceUrl": "https://api.llama.fi/protocol/sanctum-validator-lsts",
"methodology": null
},
{
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"value": 1803956022.9569824,
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},
{
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}
},
{
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}
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{
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},
{
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},
{
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},
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{
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{
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{
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{
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{
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{
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{
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{
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},
{
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},
{
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},
{
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},
{
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},
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},
{
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{
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