Blackhole
BLACK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Blackhole (BLACK) is an Avalanche-based ve(3,3) decentralized exchange protocol. The project demonstrates strong smart-contract auditing fundamentals, backed by public audit reports from PeckShield and Code4rena, alongside real-time monitoring via Hexagate and an Octane scan. Furthermore, tokenomics feature an alignment mechanism where team tokens are burned as Supermassive veNFTs to remove direct sell pressure. However, the project exhibits significant weaknesses: development activity has become stale with no recent verifiable repository updates or roadmap deliveries in 2025–2026, the team remains anonymous, and market performance indicates a post-hype collapse characterized by a >99% drawdown from all-time highs, thin trading liquidity ($4K–$46K daily volume), and inconsistent circulating supply metrics. A data gap was identified in Community Support (-1.0) due to search interference with unrelated legacy tokens; its 15% weight was redistributed across the remaining five sections. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Blackhole (BLACK)
Blackhole (BLACK) is a decentralized exchange (DEX) operating on the Avalanche C-Chain. Built around a ve(3,3) vote-escrow model, the protocol allows users to participate in liquidity provision, permissionless Genesis Pools, liquidity provider (LP) staking, and gauge voting to direct protocol emissions and earn veNFT rewards.
The protocol utilizes a dual-sided token model combining standard LP emission distributions with deflationary mechanisms through Supermassive veNFT burns. To prevent direct team sell pressure, protocol team allocations are locked exclusively as burned Supermassive veNFTs. The project's smart contracts have undergone security evaluations, including an audit by PeckShield, a competitive audit contest via Code4rena in May 2025, a code scan by Octane, and active threat monitoring through Hexagate.
Following its launch and promotion in July 2025, the token experienced a severe market decline, dropping between 99.6% and 99.9% from its all-time high. The protocol operates at a micro-cap valuation below $2 million with low daily trading volumes ranging from $4,000 to $46,000, alongside inconsistent circulating supply metrics reported across market tracking platforms. Furthermore, the core team remains anonymous, and public development activity has become stale, with no recent public repository updates, protocol upgrades, or roadmap milestones documented across 2025 and 2026.