{
 "id": "dydx-chain",
 "symbol": "DYDX",
 "name": "dYdX",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "cosmos",
  "address": "ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C"
 },
 "price": {
  "price_usd": 0.127486,
  "ath_usd": 4.52,
  "ath_date": "2024-03-07T22:19:11.131Z",
  "market_cap": 108185868,
  "volume_24h": 4351791,
  "price_chg_30d_pct": 3.47539,
  "price_chg_60d_pct": -13.92348,
  "price_chg_200d_pct": -24.37877,
  "coingecko_url": "https://www.coingecko.com/en/coins/dydx-chain"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "NEAR-TOTAL LOSS",
  "line": "Down 97% from ATH \u2014 reclaiming it needs 35.5\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 97.2,
  "reclaim_multiple": 35.5,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 35.5\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 49.8,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 97%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 1d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 49.1,
   "detail": "holders +12/30d (+0.0%, Bin 4/10 vs 169 L1 / Chain peers), 9% of supply in profit (Bin 7/10 vs 38 L1 / Chain peers), 30d exchange netflow -0.00% of supply (Bin 6/10 vs 38 L1 / Chain peers), data lagged 31d (provider tier) \u2014 holder base is holding steady. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 67.0,
   "detail": "$4,351,791/24h (Bin 8/10 vs 308 L1 / Chain peers), 4.02% turnover (Bin 6/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 33.0,
   "detail": "39 active addresses/day (Bin 5/10 vs 91 L1 / Chain peers), 30d trend -46.3% (Bin 2/10 vs 53 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is holding. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 60.0,
   "detail": "85% of supply circulating (Bin 7/10 vs 310 L1 / Chain peers), FDV/MC 1.1x (Bin 6/10) \u2014 limited dilution risk.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 75.0,
   "detail": "30d +3% (Bin 8/10 vs 310 L1 / Chain peers), 200d -24% (Bin 8/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}