Supernova (CL) β Statistical Analysis
With $3.8M TVL and $615.4M 30d volume (~162x monthly turnover) but 0 audits and N/A trust score, Supernova (CL) shows strong activity relative to liquidity with elevated operational risk.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
TVL is $3.8M (24h: -1.35%). Reported volume is $6.6M (24h), $70.8M (7d), $615.4M (30d); market activity also cites $16.0M 24h trading volume, indicating cross-source variance. Activity cooled sharply with -61.84% 1d volume change (implied prior-day volume β $17.3M).
2. Capital Efficiency
Turnover (Volume/TVL) is high: 1.74x/day using $6.6M (or 4.21x/day using $16.0M), 18.6x/week, and 162.0x/30d. This signals strong utilization of a small liquidity baseβefficient for capital, but typically more fragile to shocks and large trades given only $3.8M TVL.
3. Liquidity & Pair Spread
The venue lists 32 coins across 43 pairs (pair-to-coin ratio 1.34), implying a relatively narrow pair graph where assets have limited routing depth on average. With low TVL ($3.8M) spread over 43 pairs, implied liquidity-per-pair is small (~$88K/pair if evenly distributed), increasing the likelihood of wider slippage on non-core pairs.
4. Chain Dominance
TVL is 100% on Ethereum ($3.8M). Single-chain concentration simplifies execution and composability assumptions but leaves liquidity and user flow fully exposed to Ethereum-specific gas conditions and competitive pressure from incumbent DEX liquidity.
5. Analyst Verdict
Fees and revenue are both $4.3K (24h) and $252.9K (30d), implying ~100% of measured fees map to protocol revenue. Effective take-rate is low: ~6.5 bps (24h: $4.3K/$6.6M) and ~4.1 bps (30d: $252.9K/$615.4M), consistent with tight fee tiers or incentives. However, 0 audits and N/A trust score materially raise risk; combined with $3.8M TVL, the protocol reads as high-velocity but early-stage from a market maturity and risk-control standpoint.