An Ethereum L2 and Superchain hub; depth concentrated in a few venues.
OP scores 46: valuation leads (4x market cap to annual fees, 1.99x FDV to market cap), with liquidity depth the soft spot.
What this page answers
OP carries a Pick Score of 46 of 100 and is ranked 0 in the Deep 11. OP scores 46: valuation leads (4x market cap to annual fees, 1.99x FDV to market cap), with liquidity depth the soft spot. The score is a sounding of open data: liquidity depth, real demand, valuation, trend, positioning, and narrative, less a risk penalty.
Seven components, then a risk penalty. Bars show each component's 0 to 100 reading; the percentage is its weight in the composite. A greyed bar means we had no data and read it neutral.
$205.28M market cap
17.4% daily turnover, $158.5K a day in fees
4x market cap to annual fees, 1.99x FDV to market cap
0.55x its long trend, -20% over 30 days
-18% funding, $3.08M open interest
quiet in the attention feeds right now
6 of 6 reads backed by live open data
Where the models say the water sits. A model-implied range from open data, not a price target and not advice.
A model-implied range from open data, not a price target and not advice. Read it as where the water sits, not where it is going.
A further slide in liquidity depth ($205.28M market cap) would pull it out.
The chain's liquidity depth (TVL) against OP's price on a shared timeline. The divergence between them is the reading.
Liquidity is holding better than price. Depth is leading, the kind of divergence that reads as real deepening rather than a price move.
Depth from DeFiLlama chain TVL, price from the open DeFiLlama coins feed (CoinGecko id). TVL is in dollars, so it moves partly with price by construction, the reading here is the gap between them, not a forecast. Information, not financial advice.
Funding and open interest from Hyperliquid's public perps API. Funding is the cost of holding leverage, a read of which way the crowd is leaning, not a forecast.
Every number on this page is a sounding of open, keyless data.
Bathymark reads these open numbers and renders its own sounding. This is information, not financial advice. Confidence is high, set by how complete the data is.
Drawn from the entity graph, so a question that starts here always has somewhere to go.