Pyth Network
61 Lean match C+Exchange-listed assets brought onchain need reference prices. Pyth Network has no DefiLlama revenue listing but 284K followers on X; Backpack has no DefiLlama revenue listing but 325K followers on X.
Exchange
Sources: @Backpack on X, Official site
Investment target 0 Safe pass F and Foundation support 23 Likely pass F
| Input | Value | Weight | What it measures | |
|---|---|---|---|---|
| Revenue strength | n/a | 35% | Percentile of 30-day revenue among Solana projects (log scale) | |
| Momentum | n/a | 25% | 1-month change in revenue (fees if no revenue), -50% maps to 0, +100% to 100 | |
| Value to Solana | n/a | 20% | Percentile of 30-day fees paid by users, a proxy for transactions and priority fees the project drives | |
| Developer velocity | n/a | 10% | Percentile of 30-day commits across linked public repos | |
| Reach | 70 | 10% | Percentile of X followers among tracked accounts | |
| Public infrastructure | 0 | 20% | 100 when the project is core client, tooling, oracle, bridge or staking infrastructure (Foundation score only) |
Analysis Scores are computed by Ecosystem IQ from the inputs above. They rank projects against each other and are not investment advice.
| Name | Role | Source |
|---|---|---|
| Armani Ferrante | Founder and CEO, Backpack (per X bio) | @armaniferrante on X |
Exchange-listed assets brought onchain need reference prices. Pyth Network has no DefiLlama revenue listing but 284K followers on X; Backpack has no DefiLlama revenue listing but 325K followers on X.