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Blackhole(BLACK)

Token Price$0.0057

All Time HighJul 18, 2025$1.52

All Time LowJun 3, 2026$0.0056

Key Metrics

Market Cap$1.1m

Fully Diluted Valuation$1.12m

Circ. Supply193.81m BLACK

Volume 24h$8,480

Income Statement for Blackhole

	Q2 2026*	Q1 2026	Q4 2025	Q3 2025
Gross Protocol Revenue	$994.55K	$2.96M	$6.05M	$10.04M
Cost of Revenue	$4.03K	$9.74K	$14.99K	$108.05K
Gross Profit	$990.47K	$2.96M	$6.03M	$9.93M
Incentives	$51.67K	$1.01M	$8.24M	$37.24M
LP Gauge Rewards	$51.67K	$1.01M	$8.24M	$37.24M
Earnings	$938.80K	$1.94M	-$2.20M	-$27.31M
Token Holder Net Income	$990.47K	$2.96M	$6.03M	$9.93M

Token Rights and Value Accrual

Updated May 15, 2026

Overview

Token(s): BLACKveBLACK
Token Type: GovernanceUtility
Utility: Liquidity Incentives

BLACK is the governance and utility token of the ve(3,3) DEX on Avalanche, BLACK tokens are emitted as farming rewards to LP providers to incentivize liquidity

Governance Rights

Control

Holders lock BLACK to mint veNFTs (veBLACK governance NFTs) that grant voting power. veNFT holders vote weekly on gauges to direct BLACK emissions to specific liquidity pools. Supermassive veNFTs can be acquired by burning BLACK for non-decaying voting power & boosts

Governance Decisions

veBLACK

By locking up $BLACK tokens ranging from a week till up to 4 years, a so called Singularity veNFT can be minted. The voting power is higher when the lock period selected is longer.

Treasury Decisions

N/A

Revenue Decisions

veBLACK

veBLACK holders can vote weekly to direct BLACK emissions to specific liquidity pools

Fee Switch

Fees are automatically collected and distributed to veBLACK voters from the previous epoch. 5% of emissions are directed to the protocol foundation address to cover operational costs & fund future development

Primary Value Accrual

Protocol Revenue Share

Value accrues through protocol fee distribution to veBLACK holders in the form of BLACK tokens

Equity Statement

Team and foundation tokens have been burned to mint Supermassive veNFTs and have no vested BLACK tokens.

Economic Rights

Value Capture

veBLACK Voters receive all protocol trading fees from the previous epoch and additional voter incentives from the current epoch, proportional to locked amounts. Minting a Supermassive veNFT permanently burns underlying BLACK, sending it to a burn address

Buybacks

BLACK

The Foundation allocates a portion of net revenue to buy back BLACK tokens, which are then burned. These burns are used to mint Supermassive veNFTs, which in turn support the Escape Velocity rebate program which rewards active participants with rebate incentives.

Dividends

veBLACK

veBLACK holders receive revenue from a share of trading fees generated by the liquidity pool they voted for and 100% of the voting incentives contributed by partners to that specific pool

Burns

Active

When minting Supermassive NFTs, the underlying BLACK tokens are sent to a burn address, permanently removed from supply

Ownership

Fundraising: None
Equity Revenue Capture: No
Associated Entities: DAOFoundation
IP & Brand: Foundation
Domain: Foundation

Token Usage

An is required to view token usage.

Unlocks

An is required to view token unlocks.

Yields

Tracking 10 pools, average APY 31.85%

Pool	Project
open in new tab SUPER-BLACK	Blackhole AMM	$324,713	23.21%	1.79%	21.42%	28.29%
open in new tab WAVAX-BLACK	Blackhole AMM	$174,309	9.91%	1.79%	8.13%	13.04%
open in new tab USDC-BLACK	Blackhole AMM	$123,704	16.28%	7.64%	8.64%	12.81%
open in new tab USDT-BLACK	Blackhole AMM	$48,086	14.10%	6.95%	7.15%	12.89%
open in new tab BTC.B-BLACK	Blackhole AMM	$44,133	7.49%	1.52%	5.97%	7.79%
open in new tab WETH.E-BLACK	Blackhole AMM	$28,118	13.92%	1.91%	12.02%	12.08%
open in new tab USDC-BLACKblackhole	Yield Yak Aggregator	$22,653	8.14%	8.14%		8.55%
open in new tab BLACK-AVAXblackhole	Yield Yak Aggregator	$22,143	7.49%	7.49%		10.62%
open in new tab SUPER-BLACKblackhole	Yield Yak Aggregator	$15,120	21.45%	21.45%		26.31%
open in new tab WAVAX-BLACKCL - 200	Blackhole CLMM	$10,678	197%	0%	197%	388%