peer valuation difference
The valuation multiple differs materially from the eligible peer median
Current streak: 5 snapshots · triggered 5/5 observed snapshots
seam · coingecko:seamless-protocol
The valuation multiple differs materially from the eligible peer median
Current streak: 5 snapshots · triggered 5/5 observed snapshots
At least one available fundamental deteriorated beyond the configured threshold
Current streak: 3 snapshots · triggered 3/5 observed snapshots
Total supply is high relative to circulating supply
Current streak: 5 snapshots · triggered 5/5 observed snapshots
| Metric | Period | Value | Observed |
|---|---|---|---|
| fees | 24h | $0.00 | 2026-10-11T04:49:24.915Z |
| fees | 30d | $0.00 | 2026-10-11T04:49:24.915Z |
| fees | 7d | $0.00 | 2026-10-11T04:49:24.915Z |
| fees | daily | $0.00 | 2026-10-06T00:00:00.000Z |
| 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 | 2026-10-06T00:00:00.000Z |
| revenue | 24h | $0.00 | 2026-10-11T04:49:28.176Z |
| revenue | 30d | $0.00 | 2026-10-11T04:49:28.176Z |
| revenue | 7d | $0.00 | 2026-10-11T04:49:28.176Z |
| revenue | daily | $0.00 | 2026-10-06T00:00:00.000Z |
| tvl | point in time | $6.75M | 2026-10-11T04:49:10.103Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| fees usd:daily | 7d | 527.27% | 2026-09-28T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| market cap usd:point in time | 7d | -3.76% | 2026-10-04T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 7d | 260.00% | 2026-09-28T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| tvl usd:point in time | 7d | -6.58% | 2026-10-04T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
| fees usd:daily | 30d | -33.01% | 2026-09-05T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| market cap usd:point in time | 30d | -16.96% | 2026-09-11T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 30d | -14.29% | 2026-09-05T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| tvl usd:point in time | 30d | 3.55% | 2026-09-11T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
| fees usd:daily | 90d | -49.08% | 2026-07-07T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| market cap usd:point in time | 90d | -52.97% | 2026-07-13T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 90d | -28.00% | 2026-07-07T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| tvl usd:point in time | 90d | 6.00% | 2026-07-13T00:00:00.000Z → 2026-10-11T04:49:10.103Z |
| fees usd:daily | 180d | -99.60% | 2026-04-08T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| market cap usd:point in time | 180d | -81.86% | 2026-04-14T00:00:00.000Z → 2026-10-11T04:25:51.000Z |
| revenue usd:daily | 180d | -99.66% | 2026-04-08T00:00:00.000Z → 2026-10-05T00:00:00.000Z |
| tvl usd:point in time | 180d | -84.76% | 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": "7620d76a-e61d-45c8-b660-8030a1736bc7:3502:revenue:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:6286:revenue:1789084800+ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:6000:revenue:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 0.33
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:16247+5fde7da8-3c37-4879-8995-06f079ce2348:17695+5fde7da8-3c37-4879-8995-06f079ce2348:17983",
"at": "2026-10-11T04:49:28.176Z",
"value": 0.2
},
"percent": -39.39393939393939,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:coingecko:seamless-protocol:1789084800000",
"at": "2026-09-11T00:00:00.000Z",
"value": 572399.5001678957
},
"end": {
"id": "ea5e0bde-a4b1-4259-ae6c-448457ec97b0",
"at": "2026-10-11T04:25:51.000Z",
"value": 475310
},
"percent": -16.961842234211854,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"startMultiple": 1734543.9399027142,
"endMultiple": 2376550,
"multipleChange": 37.01296031355044
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}Eligible, but configured thresholds were not jointly met
{
"inputs": {
"activity": {
"metric": "fees_usd",
"result": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:3502:fees:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:6286:fees:1789084800+ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:6000:fees:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 3
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:10169+5fde7da8-3c37-4879-8995-06f079ce2348:10487+5fde7da8-3c37-4879-8995-06f079ce2348:8482",
"at": "2026-10-11T04:49:24.915Z",
"value": 14
},
"percent": 366.66666666666663,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:coingecko:seamless-protocol:1789084800000",
"at": "2026-09-11T00:00:00.000Z",
"value": 572399.5001678957
},
"end": {
"id": "ea5e0bde-a4b1-4259-ae6c-448457ec97b0",
"at": "2026-10-11T04:25:51.000Z",
"value": 475310
},
"percent": -16.961842234211854,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"activityChangePercent": 366.66666666666663,
"marketCapChangePercent": -16.961842234211854
},
"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": 475310,
"latestRevenue": 0.2,
"peerMedian": 38.94632991802476
},
"calculation": {
"annualizedRevenueMultiple": 6511.095890410959,
"peerMultipleRatio": 167.18124414073628
},
"evaluatedAt": "2026-10-11T04:49:10.103Z"
}At least one available fundamental deteriorated beyond the configured threshold
{
"inputs": {
"fees": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:3502:fees:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:6286:fees:1789084800+ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:6000:fees:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 3
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:10169+5fde7da8-3c37-4879-8995-06f079ce2348:10487+5fde7da8-3c37-4879-8995-06f079ce2348:8482",
"at": "2026-10-11T04:49:24.915Z",
"value": 14
},
"percent": 366.66666666666663,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:3502:revenue:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:6286:revenue:1789084800+ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:6000:revenue:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 0.33
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:16247+5fde7da8-3c37-4879-8995-06f079ce2348:17695+5fde7da8-3c37-4879-8995-06f079ce2348:17983",
"at": "2026-10-11T04:49:28.176Z",
"value": 0.2
},
"percent": -39.39393939393939,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"tvl": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "7620d76a-e61d-45c8-b660-8030a1736bc7:3502:tvl:1789084800+7620d76a-e61d-45c8-b660-8030a1736bc7:6286:tvl:1789084800+ef03241a-b7f7-4c10-9f5c-1bffdc40dea0:6000:tvl:1789084800",
"at": "2026-09-11T00:00:00.000Z",
"value": 7065323
},
"end": {
"id": "5fde7da8-3c37-4879-8995-06f079ce2348:1576+5fde7da8-3c37-4879-8995-06f079ce2348:7045+5fde7da8-3c37-4879-8995-06f079ce2348:776",
"at": "2026-10-11T04:49:10.103Z",
"value": 7315912.65243625
},
"percent": 3.5467543725354087,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"worstChangePercent": -39.39393939393939
},
"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": 40685995,
"totalSupply": 100000000
},
"calculation": {
"totalToCirculatingRatio": 2.4578482104222843
},
"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:seamless-protocol",
"kind": "sector",
"value": "lending_borrowing",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Lending",
"sourceProvider": "defillama",
"sourceRecord": "3502",
"observedAt": "2026-10-11T04:49:10.103Z"
},
{
"assetId": "coingecko:seamless-protocol",
"kind": "sector",
"value": "other",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Onchain Capital Allocator",
"sourceProvider": "defillama",
"sourceRecord": "6000",
"observedAt": "2026-10-11T04:49:10.103Z"
},
{
"assetId": "coingecko:seamless-protocol",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category Lending",
"sourceProvider": "defillama",
"sourceRecord": "3502",
"observedAt": "2026-10-11T04:49:10.103Z"
}
][
{
"assetId": "coingecko:seamless-protocol",
"protocolId": "6286",
"protocolSlug": "seamless-v2",
"method": "chain_contract",
"evidence": "DeFiLlama address=base:0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85; CoinGecko platforms.base=0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:seamless-protocol",
"protocolId": "3502",
"protocolSlug": "seamless-v1",
"method": "chain_contract",
"evidence": "DeFiLlama address=base:0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85; CoinGecko platforms.base=0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:seamless-protocol",
"protocolId": "6000",
"protocolSlug": "seamless-vaults",
"method": "chain_contract",
"evidence": "DeFiLlama address=base:0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85; CoinGecko platforms.base=0x1c7a460413dd4e964f96d8dfc56e7223ce88cd85",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:seamless-protocol",
"observedAt": "2026-10-11T04:49:10.103Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:seamless-protocol",
"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:seamless-protocol",
"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-b174-122aa3718807:762",
"protocolId": "6286",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 7402612.835366572,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10326",
"protocolId": "6286",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 0,
"unit": "USD",
"definition": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10327",
"protocolId": "6286",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 0,
"unit": "USD",
"definition": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10328",
"protocolId": "6286",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 0,
"unit": "USD",
"definition": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17100",
"protocolId": "6286",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 0,
"unit": "USD",
"definition": "All mint and redeem fees, management fees are protocol revenue.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17101",
"protocolId": "6286",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 0,
"unit": "USD",
"definition": "All mint and redeem fees, management fees are protocol revenue.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17102",
"protocolId": "6286",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 0,
"unit": "USD",
"definition": "All mint and redeem fees, management fees are protocol revenue.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22132",
"protocolId": "6286",
"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": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22133",
"protocolId": "6286",
"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": "Interest paid by borrowers",
"Fees": "Management fees and Mint and redeem fees collected from leverage token operations. Fees are calculated as a percentage of the assets being minted or redeemed, as defined in each leverage token configuration.",
"Revenue": "All mint and redeem fees, management fees are protocol revenue.",
"ProtocolRevenue": "All mint and redeem fees, management fees are retained by the protocol.",
"SupplySideRevenue": "Interest paid to lenders"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22134",
"protocolId": "6286",
"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": "Interest paid by borrowers",
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