DEFI INTELLIGENCE
TokenValue
TOP 30 · GLOBALLoading snapshot…Scheduled daily at 7 AM Central
Reported totals can overlap. Pump includes $152,506 of mobile-app revenue already counted by its other products; excluding that overlap gives $2.11M for Pump. Ranking and P/R use the reported $2.26M.
TOKEN ALLOCATION
A day in buybacks and burns
FULL SNAPSHOT
Token allocation valuation
| Revenue rank / protocol | 24h token allocation | Annualized allocation | Circulating market cap | Cap / annualized allocation | Original 24h protocol revenue |
|---|
Rank is the original protocol-revenue rank, not an allocation rank. Default sorting uses the selected 24h amount, N/A last. N/A may mean unavailable, mixed-beneficiary, disputed or ineligible data; it does not mean zero. These are not earnings multiples.
ALLOCATION AUDIT · EDITORIAL REVIEW SEPTEMBER 30, 2026
Where revenue actually goes
Source values can refresh; the written policy review and its numeric examples below remain dated September 30, 2026. A numerical refresh is not a new policy audit. Expand a protocol for its mechanism, eligible revenue base, treasury treatment, measurement caveats and sources. “Reported holder value” is DefiLlama’s daily holder-revenue field: it may be modeled allocation, burn valuation or measured buyback spending, not a cash payout. N/A and source zero do not establish that no holder program exists.
A matched-basis policy proxy is calculated only where the reviewed percentage can be applied to an identified eligible revenue stream. Its multiple uses circulating token market cap ÷ (that daily proxy × 365). Proxies with different scope are not directly comparable. The PONS policy proxy shown in its audit is a V1-only illustration; the main valuation instead uses tracked PONS burn value, whose funding is not proven V1-only. No treasury residual is inferred from revenue minus holder value.
READ THE NUMBERS
Revenue, not earnings.
P/R = circulating token market cap ÷ annualized protocol revenue. This is a price-to-revenue comparison, not P/E. Protocol revenue is not necessarily income paid to token holders.
Annualized revenue multiplies a single 24-hour observation by 365. Daily activity can be volatile; this is a run-rate illustration, not a forecast. Market caps and revenue may have different observation times.
Informational research only. Annualized figures are illustrations, not forecasts or an instruction to trade.