monthly report
A monthly source-backed review of what can be sold, redeemed, or transferred, where executable depth remains unknown, and which market observations are only proxies.
What this page answers
This report combines reviewed product records with current open-data retrievals. Every figure points to its exact source receipt, and anything that cannot be sourced is left out rather than estimated.
This page can only become publish-ready when the evidence exists: source name, source URL, freshness, method, and the limits the source cannot prove.
Evidence cutoff: 2026-06-30T00:00:00.000Z. Generated 2026-07-11T16:25:40.262Z. The evidence cutoff includes the product registry review date. Stablecoin and DEX values have separate feed-retrieval receipts, and neither proves executable product depth.
The public data can show cash-layer reference health, product redemption wording, and $6.02B of DEX turnover. Executable exit depth remains unknown for the product registry because no current requested-size receipt connects venue, route, slippage, fees, access, and time.
99.8% of $303.11B in assessed material fixed USD circulating market value is inside the 50bps band, with 4 names outside it. Market-price reference health is useful plumbing evidence, not reserve or universal redemption proof.
12 of 18 tracked product records contain permissioned, institutional, eligibility, account, location, KYC, restriction, or minimum language. A token transfer and a primary issuer redemption are not the same exit path.
The DEX roster reports $6.02B of 24-hour turnover across 400 observed venues. Turnover proves activity happened. It does not show the slippage, route availability, or executable size for a specific token sale.
The coverage call improves only when current order-book or pool depth, route, requested size, slippage, fees, venue access, and timestamp are connected for the product. A price, TVL value, or issuer claim cannot substitute for that receipt.
Sources: DeFiLlama Stablecoins API (feed retrieval: 2026-07-11T16:25:40.173Z), DeFiLlama stablecoin list valuation implementation (method review: 2026-07-11 UTC), DeFiLlama DEX Overview API (feed retrieval: 2026-07-11T16:25:40.260Z), Bathymark product records (record review: 2026-06-30T00:00:00.000Z). Market inputs use their retrieval receipts, while registry findings retain their cited review cutoff.
A Bathymark report gives the reader a citable source trail, visible scope, and explicit limits.
The reader needs a citable source trail.
Thin categories stay thin until sources support more.
Built for internal notes and evidence packets.
Pricing depends on license, scope, and custom coverage.
The public page shows the structure. Publish-ready exports require source names, URLs, review dates, and limits.
| Section | What it must contain | Export rule |
|---|---|---|
| Executive answer | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| Cash-layer exit conditions | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| Tokenized product redemption map | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| Executable depth coverage | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| DEX turnover context | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| What this does not prove | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| What changes the answer | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
| Sources and methodology | Source-backed findings, visible limits, and reviewed state | No number ships without a source |
This is the standard that decides whether a report stays a template or becomes publish-ready.
A report number must point to a public input or Bathymark product record.
Private reserves, redemption queues, and legal arrangements remain explicit.
The paid version is an evidence packet, not a marketing deck.
Request a sample, institutional license, or custom source map. Bathymark keeps the same source and limits standard in paid work.
Tell Bathymark what you need to review, cite, or export.
Drawn from the entity graph, so a question that starts here always has somewhere to go.