{"query":{"project":"backed","mode":"browse","limit":50},"items":[{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-26T12:11:25.380Z","precision":"WINDOW","detectedAt":"2026-10-26T12:11:27.981Z","recordedAt":"2026-10-26T12:15:00.485Z","summary":"Liquidity $80K → $139K in a week","before":80151.86,"after":138845.31,"evidence":[{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","label":"HEY Signal"},{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","url":"https://heyresearch.xyz/project/backed/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_rise","unit":"usd","detail":"Up 73% between 2026-10-19 and 2026-10-26, as DEX Screener read the pool.","changePct":73.2},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A61845f76-1d85-4cb2-9c6f-eddecfa7563a","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-24T13:09:12.237Z","precision":"WINDOW","detectedAt":"2026-10-24T13:09:16.480Z","recordedAt":"2026-10-24T13:10:02.486Z","summary":"$26K traded on 2026-10-24, 5× a typical day","before":5108.65,"after":25773.79,"evidence":[{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","label":"HEY Signal"},{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","url":"https://heyresearch.xyz/project/backed/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $5K. Volume is context, never a ranking input.","changePct":404.5},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3Ab9e426a7-f204-4ddf-b31e-2a037688b4ed","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-21T12:15:08.958Z","precision":"WINDOW","detectedAt":"2026-10-21T12:15:12.620Z","recordedAt":"2026-10-21T12:20:04.009Z","summary":"$12K traded on 2026-10-21, 3.3× a typical day","before":3620.3,"after":12064.02,"evidence":[{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","label":"HEY Signal"},{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","url":"https://heyresearch.xyz/project/backed/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $4K. Volume is context, never a ranking input.","changePct":233.2},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A8782ca04-699d-4402-9922-fe0fc3564075","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-20T06:16:24.330Z","precision":"WINDOW","detectedAt":"2026-10-20T06:16:26.814Z","recordedAt":"2026-10-20T06:20:04.435Z","summary":"Liquidity $141K → $81K in a week","before":140936.79,"after":81364.72,"evidence":[{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","label":"HEY Signal"},{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","url":"https://heyresearch.xyz/project/backed/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 42% between 2026-10-13 and 2026-10-20, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-42.3},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-13T18:15:30.573Z","precision":"WINDOW","detectedAt":"2026-10-13T18:15:38.113Z","recordedAt":"2026-10-13T18:20:00.623Z","summary":"Liquidity $96K → $141K in a week","before":96165.4,"after":140701.29,"evidence":[{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","label":"HEY Signal"},{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","url":"https://heyresearch.xyz/project/backed/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_rise","unit":"usd","detail":"Up 46% between 2026-10-06 and 2026-10-13, as DEX Screener read the pool.","changePct":46.3},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A30165ccd-a187-4a6d-bcd8-7df33ba56cb7","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:1766b39e-2de7-42eb-af01-42853c6b96ad","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-10-09T06:13:48.182Z","precision":"WINDOW","detectedAt":"2026-10-09T06:13:54.061Z","recordedAt":"2026-10-09T06:15:03.281Z","summary":"$16K traded on 2026-10-09, 5.2× a typical day","before":3105.11,"after":16273.74597,"evidence":[{"id":"signal:1766b39e-2de7-42eb-af01-42853c6b96ad","label":"HEY Signal"},{"id":"signal:1766b39e-2de7-42eb-af01-42853c6b96ad","url":"https://heyresearch.xyz/project/backed/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $3K. Volume is context, never a ranking input.","changePct":424.1},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A1766b39e-2de7-42eb-af01-42853c6b96ad","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"ship:666ab0a3-029f-4793-a98d-9aff65173baa","revision":2,"op":"retract","recordedAt":"2026-10-04T16:55:04.697Z"},{"id":"signal:6e215b43-82ad-4cbc-ae37-57d5d2fa7eab","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-09-30T12:13:12.155Z","precision":"WINDOW","detectedAt":"2026-09-30T12:13:15.920Z","recordedAt":"2026-09-30T12:15:02.191Z","summary":"$24K traded on 2026-09-30, 3.2× a typical day","before":7554.73,"after":24165.246217,"evidence":[{"id":"signal:6e215b43-82ad-4cbc-ae37-57d5d2fa7eab","label":"HEY Signal"},{"id":"signal:6e215b43-82ad-4cbc-ae37-57d5d2fa7eab","url":"https://heyresearch.xyz/project/backed/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $8K. Volume is context, never a ranking input.","changePct":219.9},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A6e215b43-82ad-4cbc-ae37-57d5d2fa7eab","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:90583077-bba2-46a5-915c-033fe42f30f4","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-09-28T18:08:03.856Z","precision":"WINDOW","detectedAt":"2026-09-28T18:08:06.936Z","recordedAt":"2026-09-28T18:10:04.077Z","summary":"Liquidity $15K → $98K in a week","before":14908.88,"after":97586.44,"evidence":[{"id":"signal:90583077-bba2-46a5-915c-033fe42f30f4","label":"HEY Signal"},{"id":"signal:90583077-bba2-46a5-915c-033fe42f30f4","url":"https://heyresearch.xyz/project/backed/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_rise","unit":"usd","detail":"Up 555% between 2026-09-21 and 2026-09-28, as DEX Screener read the pool.","changePct":554.6},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A90583077-bba2-46a5-915c-033fe42f30f4","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"integrity:8d0cd172-7dd3-4a1c-b1a5-9c62baeea2ef:activity:2026-07-19","revision":3,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"token":{"chainId":4663,"address":"0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-24T21:29:05.992Z","recordedAt":"2026-10-16T12:15:04.049Z","summary":"Trading fell from 2,963 trades a day (the seven days to 2026-07-19) to 121 a day in the seven days to 2026-09-26, in HEY's decoded on-chain trades.","evidence":[{"id":"integrity:8d0cd172-7dd3-4a1c-b1a5-9c62baeea2ef:activity:2026-07-19","label":"HEY market index"}],"source":"hey_market_index","facts":{"kind":"MARKET_ACTIVITY_COLLAPSE","changePct":-95.93,"confidence":"medium","peakWeekEnd":"2026-07-19","recentWeekEnd":"2026-09-26","peakTradesPerDay":2962.7,"recentTradesPerDay":120.7},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/integrity%3A8d0cd172-7dd3-4a1c-b1a5-9c62baeea2ef%3Aactivity%3A2026-07-19","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"},"summaryCurrent":"Trading was 121 trades a day in the seven days to 2026-09-26, down from 2,963 a day at its peak in the seven days to 2026-07-19 (69 days earlier), in HEY's decoded on-chain trades."},{"id":"signal:136a1bc6-092e-4eb9-9302-5fea6f51b11f","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-09-26T18:06:52.617Z","precision":"WINDOW","detectedAt":"2026-09-26T18:06:55.377Z","recordedAt":"2026-09-26T18:10:00.356Z","summary":"Liquidity $101K → $20K in a week","before":100880.87,"after":19527.7,"evidence":[{"id":"signal:136a1bc6-092e-4eb9-9302-5fea6f51b11f","label":"HEY Signal"},{"id":"signal:136a1bc6-092e-4eb9-9302-5fea6f51b11f","url":"https://heyresearch.xyz/project/backed/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 81% between 2026-09-19 and 2026-09-26, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-80.6},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3A136a1bc6-092e-4eb9-9302-5fea6f51b11f","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:bd6511b5-e30e-45fd-9a63-5d16cd288a1f","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-09-26T12:10:42.821Z","precision":"WINDOW","detectedAt":"2026-09-26T12:10:45.239Z","recordedAt":"2026-09-26T12:15:02.871Z","summary":"$52K traded on 2026-09-26, 5.7× a typical day","before":9085.49,"after":51583.520692,"evidence":[{"id":"signal:bd6511b5-e30e-45fd-9a63-5d16cd288a1f","label":"HEY Signal"},{"id":"signal:bd6511b5-e30e-45fd-9a63-5d16cd288a1f","url":"https://heyresearch.xyz/project/backed/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $9K. Volume is context, never a ranking input.","changePct":467.8},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3Abd6511b5-e30e-45fd-9a63-5d16cd288a1f","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"signal:b7cccec2-8bfd-43db-b00c-e6ee976bfd92","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"bootstrap","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":"2026-09-20T01:07:41.298Z","precision":"WINDOW","detectedAt":"2026-09-20T01:07:42.958Z","recordedAt":"2026-09-26T11:36:17.991Z","summary":"Outside pools and burns, 8 addresses now hold half the supply","before":12,"after":8,"evidence":[{"id":"signal:b7cccec2-8bfd-43db-b00c-e6ee976bfd92","label":"HEY Signal"},{"id":"signal:b7cccec2-8bfd-43db-b00c-e6ee976bfd92","url":"https://heyresearch.xyz/project/backed","label":"Distribution"}],"source":"hey_signal","facts":{"kind":"concentration_rose","unit":"addresses","detail":"Down from 12. The count and the supply it is measured against both exclude pools, lockers and burn addresses."},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/signal%3Ab7cccec2-8bfd-43db-b00c-e6ee976bfd92","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"source:6da0a674-8316-40ef-ab23-2990b150e236:added","revision":2,"op":"retract","recordedAt":"2026-10-12T13:39:30.124Z"},{"id":"signal:0b6a52f8-ed96-4332-8ff2-c6a4f259841e","revision":2,"op":"retract","recordedAt":"2026-10-17T21:50:02.799Z"},{"id":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","revision":1,"op":"upsert","type":"contract.deployed","domain":"contract","origin":"bootstrap","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"contract":{"chainId":4663,"address":"0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5"},"occurredAt":"2026-09-13T18:06:39.824Z","precision":"EXACT","detectedAt":"2026-09-13T18:09:54.814Z","recordedAt":"2026-09-26T11:36:17.991Z","summary":"Verified contract source published: BackedToken","evidence":[{"id":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","url":"https://robinhoodchain.blockscout.com/address/0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5?tab=contract","label":"Explorer"}],"source":"explorer","facts":{"eventType":"CONTRACT_DEPLOY","verification":"PUBLICLY_VERIFIED"},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/ship%3Ae6e8f938-1047-4fa1-a441-10002c3735b2","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"narrative:74ef95b3-6a41-4f17-905e-3f8e68c549da:infrastructure","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"bootstrap","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-12T16:58:43.830Z","recordedAt":"2026-09-30T07:35:02.010Z","summary":"Narrative: Infrastructure","evidence":[{"id":"narrative:74ef95b3-6a41-4f17-905e-3f8e68c549da:infrastructure","url":"https://heyresearch.xyz/narrative/infrastructure","label":"Narrative"}],"source":"hey_rules","facts":{"primary":false,"narrative":"infrastructure"},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A74ef95b3-6a41-4f17-905e-3f8e68c549da%3Ainfrastructure","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}},{"id":"narrative:74ef95b3-6a41-4f17-905e-3f8e68c549da:rwa","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"bootstrap","project":{"slug":"backed","name":"Backed","url":"https://heyresearch.xyz/project/backed"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-12T16:58:43.830Z","recordedAt":"2026-09-30T07:35:02.010Z","summary":"Primary narrative: RWA","evidence":[{"id":"narrative:74ef95b3-6a41-4f17-905e-3f8e68c549da:rwa","url":"https://heyresearch.xyz/narrative/rwa","label":"Narrative"}],"source":"hey_rules","facts":{"primary":true,"narrative":"rwa"},"links":{"project":"https://heyresearch.xyz/project/backed","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A74ef95b3-6a41-4f17-905e-3f8e68c549da%3Arwa","timeline":"https://heyresearch.xyz/api/projects/backed/timeline"}}],"nextCursor":null,"hasMore":false,"ledger":{"collectionStart":"2026-09-26T11:35:57.227Z","transitionsFrom":"2026-09-26T11:32:48.791Z","newestRecordedAt":"2026-11-01T05:40:00.548Z","projectorRanAt":"2026-11-01T05:40:00.548Z"},"disclaimer":"Public, source-backed activity HEY recorded. Still Building means counted ships during a market drawdown HEY itself tracked — it is not a prediction, not a ranking by price, and not investment advice. Few projects meet Still Building or Under the Radar at any time; both are strict by design, and list responses carry the counts."}