Research
Market
Four views that never mix: the latest settled day, settled calendar weeks (the editions), the developing week so far, and a rolling seven days ending at the latest cutoff.
Daily view
The last settled UTC day of fees (to Nov 3, 2026), rolling 24-hour trading as of each coin's latest snapshot, and what changed in release rel-20261103T065831Z-de33edf3.
- Fee subtotal, last settled day
- $2.7M
- Versus the day before
- +26.0%
- pump.fun$1.6M+19.0%
- Flap.sh$639.5K+27.6%
- Pons$222.8K+37.8%
- LaunchLab$186.7K+130.7%
- BONK.fun$158.1K+120.7%overlaps
- Graphite Protocol$54.7K+106.9%overlaps
- Meteora DBC$34.5K−5.7%
- Binance Alpha$25.4K+10.7%overlaps
Most traded tracked coins, rolling 24h
What changed (70 events)
- research.updatedDaily facts, Nov 3, 2026: Regenerated from release rel-20261103T065831Z-de33edf3 (data cutoff 2026-11-03T07:58:46Z); previously release rel-20261103T065831Z-68efadd2.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationテスラSI: new lower low in episode bsc:0x5958c14c4013a2c87b32fcd629508eefb83f7777@1792368000; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationSpaceXSI: new lower low in episode bsc:0xb155c2ee721652d40cbfddcacb5b39385eda7777@1792627200; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationSAFU: new lower low in episode bsc:0xdd806e436dda5588bf54061c11590c77ddc87777@1793232000; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationIGNITION: new lower low in episode robinhood:0x01e6301bc1118be90cc6bc2d1b5c0c44bb883111@1791936000; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationZERO: new lower low in episode robinhood:0x316fa3ab9a8fd8d7567a823dedecf28d9fee2894@1790985600; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationBOW: new lower low in episode robinhood:0x451b42a15100c340ca12f7c66de06fac5ea2d751@1788652800; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.invalidationMOONLET: new lower low in episode robinhood:0xcace05716778f86e4feb04bd7a2c2f2c31705f2b@1790899200; low-holding and absorption conditions reset.Nov 3, 2026, 07:59 UTC
- bottoming.transitionPRIORS: bottoming Not in a qualifying drawdown → In a 54% drawdown; conditions cannot be evaluated.Nov 3, 2026, 07:59 UTC
- bottoming.conditionFROINK: Absorption and new buyers insufficient_data → unmet.Nov 3, 2026, 07:59 UTC
Weekly editions
State of the Trenches: one edition per ISO week (Monday 00:00 UTC, end exclusive), frozen when complete. Corrections are new revisions; earlier revisions stay readable.
- State of the Trenches — 2026-W44completeOct 26, 2026 – Nov 1, 2026 · revision 1Built from observations available at 2026-11-02T07:33:28Z.
- State of the Trenches — 2026-W43completeOct 19, 2026 – Oct 25, 2026 · revision 1Built from observations available at 2026-10-27T06:54:07Z.
- State of the Trenches — 2026-W42completeOct 12, 2026 – Oct 18, 2026 · revision 2Built from observations available at 2026-10-19T06:21:26Z.
- State of the Trenches — 2026-W41completeOct 5, 2026 – Oct 11, 2026 · revision 2Reconstructed: built on 2026-10-20 from observations available at 2026-10-12T06:23:49Z. LAMBLE did not publish this edition at that time; its numbers are what was knowable then.
Fee subtotal, last settled day
Sum of 14 non-overlapping mapped fee streams for the last complete UTC day. Omits 5 overlapping rows; some included adapters cover only one version. Not an all-roster total.
- Day ending Nov 3, 2026
- $2.7M
- Last 7 settled days vs prior 7
- −12.1%
- Included venues
- 14
Excluded venues (5) — shown individually, never added
- stonkfun: Contains LaunchLab platform fees; post-migration component not separated
- bonk.fun: Shares LaunchLab curve fees; post-migration component not separated
- graphite-protocol: Share of BONK joint-venture fees
- bags: Solana DBC overlap; Robinhood and post-migration components not separated
- binance-alpha: Execution-route fees may overlap underlying venues; no component partition
Rolling 7 days
Narrative volume: collected coins counted once, hourly, to 2026-11-03T05:00:00Z. Fees: the 7 settled UTC days to 2026-11-03T00:00:00Z (daily data has no hourly split).
- Narrative volume
- $293.6M
- Oct 27, 2026, 05:00 UTC – Nov 3, 2026, 05:00 UTC
- Fees, 7 settled days
- $19.3M
- Creator earnings, 7 settled days
- $10.1M
- DefiLlama supply-side revenue over the last 7 complete days, venues that define it; each venue's definition differs (creators, holders, referrers or traders).
Developing week 2026-W45
Partial by definition; never compared with a complete week.
- Fees
- $2.7M
- 1 settled day(s)
- Narrative volume
- $92.3M
- 1 day(s)
Narratives by 7-day volume
Collected narratives. Volume overlaps where a coin is in more than one narrative; the weekly editions show the deduplicated total.
| Narrative | Trend | Volume 7d | Week change |
|---|---|---|---|
| Coins paired with tokenized stocks | Rising | $160.2M | +38.8% |
| Anthropic IPO coins | New | $54.8M | new |
| Anakin Skywalker headline coins | New | $25.1M | new |
| Binance hack coins | New | $24.4M | new |
| Zcash launchpad coins | New | $15.8M | new |
| Super Intelligence coins | Steady | $13.2M | −23.1% |
Indexed launch activity
Codex beta provider-indexed counts for mapped launchpad names; rolling windows; omitted venues are unknown, not zero.
- Coins created, rolling 24h
- 51,411
- 14 venues reporting
- Completions, rolling 24h
- 3,227
- 11 venues report completions
- As of
- Nov 3, 2026, 07:12 UTC
Fees are DefiLlama daily values for settled UTC days; venues that overlap another venue's fee stream are excluded from the subtotal and listed. Launch counts are Codex beta, provider-indexed rolling windows: never summed into calendar weeks, and a missing venue is unknown, not zero.