HibachiLive
Hibachi Points· Playoffs (Postseason)· TGE 2026H2· 25% of supply (assumed)Not published. Assumed 25% — the median genesis airdrop across comparable perp-DEX launches (Backpack, Lighter and Paradex 25%, GRVT 28%, edgeX 30%, Hyperliquid 31%).
Open interest
$1.39M
24h volume
$10.22M
TVL
$4.12M
Annual revenueVolume annualised at a 2.48bps blended take rate.
$923.60K
Points outstanding
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Running
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Not tracked — enter an estimate
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Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $6.66M–$29.52M.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $31.61M–$344.95M.
%
Not published — assuming the typical 25% launch shareNot published. Assumed 25% — the median genesis airdrop across comparable perp-DEX launches (Backpack, Lighter and Paradex 25%, GRVT 28%, edgeX 30%, Hyperliquid 31%).
Value per point
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Add total points to price a point.
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
Not enough data to model
Needs points outstanding, an expected airdrop percentage and at least one valuation factor.
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue$23.32M
$923.60K × 25.3×40%
Annualised volume$4.18M
$3.73B × 0.0×25%
Open interest$1.66M
$1.39M × 1.2×20%
TVL$17.02M
$4.12M × 4.1×15%
Blended fair value$13.26M
p25–p75 band$6.66M – $29.52M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
PolymarketDisplay only · not fed into token probability
Token launch
- March 31, 20260%
- June 30, 20260%
- September 30, 20260%
- December 31, 202642%
- December 31, 202774%
Day-1 FDV
No FDV ladder.
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
Every point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
Changed materially and recently: the Regular Season ended and the programme is in a deliberately short Playoffs postseason that began around late June 2026, and the weekly pool doubled from 500k to 1M in March 2026. Token ticker reported as $HEAT via aggregators citing the team, not a verifiable doc. The 2026H2 TGE window is inference from the short-season signal plus aggregator reporting, not a team date — a Polymarket market on a 2026 launch sits around 41%. Distribution Mondays 03:00 UTC. FX markets carry weekly multipliers up to 1.5x that apply to all eligible activity. PROVE staking boost is paused for the off-season. Makers pay a flat 0%, which is not a rebate.
Statusactive · Playoffs (Postseason)
Facts last verified2026-10-19 (6d ago)
TGE expected2026H2estimatedOur estimate — not published by the venue
Airdrop share of supplyNot published (model assumes 25%)estimatedOur estimate — not published by the venue
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.