Blackhole V3 β Statistical Analysis
Blackhole V3 demonstrates moderate market traction with room for improvement in capital efficiency and liquidity spread.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
$2.9M TVL and $45.2M 24h Trading Volume position Blackhole V3 as a mid-sized DEX. The protocol's $722.8K Market Cap and $368.0M 30d Volume indicate a relatively stable market presence.
2. Capital Efficiency
The Volume/TVL Ratio of 15.52 ($45.2M Volume Γ· $2.9M TVL) suggests that Blackhole V3's capital efficiency is moderate. This indicates that the protocol is generating a decent amount of trading activity relative to its locked value, but there is room for improvement.
3. Liquidity & Pair Spread
With 42 Trading Pairs and 29 Listed Coins, Blackhole V3's liquidity is moderately concentrated. The protocol's $7.5M 24h Volume is distributed across its pairs, indicating a relatively even spread of liquidity.
4. Chain Dominance
Avalanche dominates Blackhole V3's TVL with $2.9M, representing 100% of the protocol's total value locked. This concentration on a single chain may pose risks to the protocol's overall health and stability.
5. Analyst Verdict
Considering Blackhole V3's moderate market traction, capital efficiency, and liquidity spread, the protocol's overall health is satisfactory. However, the lack of audits and concentration on a single chain are concerns that need to be addressed to improve the protocol's trust score and stability.