{
 "id": "hyperlend",
 "symbol": "HPL",
 "name": "HyperLend",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'decentralized finance (defi)'",
 "contract": {
  "chain": "hyperliquid",
  "address": "0x5e887f0c6c3deec190c36186bf23369f"
 },
 "price": {
  "price_usd": 0.01438147,
  "ath_usd": 0.02754687,
  "ath_date": "2026-03-18T16:15:32.078Z",
  "market_cap": 5575918,
  "volume_24h": 7345.56,
  "price_chg_30d_pct": 12.37577,
  "price_chg_60d_pct": 13.29285,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/hyperlend"
 },
 "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": "SHALLOW",
  "line": "Down 48% from ATH \u2014 reclaiming it needs 1.9\u00d7 from here. Historically ~55% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 47.8,
  "reclaim_multiple": 1.9,
  "base_rate_label": "down <50%",
  "base_rate": 0.55,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 1.9\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 42.5,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 4 of 6 factors (62% of the weight that matters for a DeFi / Protocol asset)"
 },
 "bottom_line": "Down 48%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~55%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 11d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "holder-count trend + % supply in profit / MVRV (wired: HolderScan sol/eth, Coin Metrics natives, Santiment BSC/L2); exchange netflow (v1, needs SANAPI PRO)"
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 35.0,
   "detail": "$7,346/24h (Bin 4/10 vs 358 DeFi / Protocol peers), 0.13% turnover (Bin 4/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "daily active addresses + 30d trend (wired: Coin Metrics natives/majors, Santiment tokens); transfer-activity proxy (wired: Tron/Blockscout explorers, labeled tier); derivatives OI & funding (v1); for AI/DePIN: network resource demand \u2014 GPU-hours / storage deals / subnet emissions share (v1)"
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 35.0,
   "detail": "39% of supply circulating (Bin 4/10 vs 360 DeFi / Protocol peers), FDV/MC 2.6x (Bin 4/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 85.0,
   "detail": "30d +12% (Bin 9/10 vs 360 DeFi / Protocol peers), 200d +0% (Bin 9/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}