HyenaEnded
HyENA Points
Open interest
$5.32M
24h volume
$608.72K
TVL
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Annual revenueVolume annualised at a 3.50bps blended take rate.
$77.80K
Points outstanding
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RunningStarted 2025-12-09
321d
Not tracked — enter an estimate
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $1.30M–$5.35M.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $6.38M–$69.63M.
%
Not published — pick an estimate
Value per point
—
Add total points and an airdrop % 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$1.96M
$77.80K × 25.3×40%
Annualised volume$248.74K
$222.18M × 0.0×25%
Open interest$6.35M
$5.32M × 1.2×20%
TVL—
No data for this venue · weight redistributed
Blended fair value$2.49M
p25–p75 band$1.30M – $5.35M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
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
Ended with no conversion. HyENA's own post says the Ethena Exchange Rewards programme wrapped up in June 2026 and points are final with no snapshot, conversion or distribution of any kind; the platform sunset from 2026-08-28 (final rewards 27 Aug, final affiliate payout 9 Sep). The launch-era plan to convert HyENA points into Ethena Exchange Points / ENA was superseded. There was never a separate HyENA token. ends_at is left null because only the month (June 2026) is stated.
Statusended
Facts last verified2026-10-19 (7d ago)
TGE expected—
Airdrop share of supply—estimatedOur estimate — not published by the venue
Points outstanding—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.