{"query":{"project":"denar-markets","mode":"browse","limit":50},"items":[{"id":"signal:70a58483-c735-4c8a-855d-cc7208a4ed65","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-10-27T13:08:02.611Z","precision":"WINDOW","detectedAt":"2026-10-27T13:08:06.937Z","recordedAt":"2026-10-27T13:10:02.711Z","summary":"Liquidity $19K → $8K in a week","before":19128.91,"after":7553.63,"evidence":[{"id":"signal:70a58483-c735-4c8a-855d-cc7208a4ed65","label":"HEY Signal"},{"id":"signal:70a58483-c735-4c8a-855d-cc7208a4ed65","url":"https://heyresearch.xyz/project/denar-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 60% between 2026-10-20 and 2026-10-27, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-60.5},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3A70a58483-c735-4c8a-855d-cc7208a4ed65","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"integrity:93a172a4-62cb-4a63-97cb-0e46adb7bcf8:collapse:2026-10-25","revision":1,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"token":{"chainId":4663,"address":"0x3786728a2c49c4617bf4fe5bd82b90b6b0df5508"},"occurredAt":"2026-10-25T00:00:00.000Z","precision":"DATE","detectedAt":"2026-10-26T06:52:44.285Z","recordedAt":"2026-10-26T06:55:04.471Z","summary":"Liquidity fell from the $89.6K it held (2026-09-14) to $7.3K (2026-10-26), on two consecutive daily readings of HEY's market index. Readings: DEX Screener.","evidence":[{"id":"integrity:93a172a4-62cb-4a63-97cb-0e46adb7bcf8:collapse:2026-10-25","label":"HEY market index"}],"source":"hey_market_index","facts":{"kind":"LIQUIDITY_COLLAPSE","level":"COLLAPSE","rapid":false,"peakDay":"2026-09-14","peakUsd":89559.43,"changePct":-91.82,"confidence":"medium","currentDay":"2026-10-26","currentUsd":7327.61,"levelSource":"dexscreener","currentSource":"dexscreener","deteriorationStartDay":"2026-10-06"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/integrity%3A93a172a4-62cb-4a63-97cb-0e46adb7bcf8%3Acollapse%3A2026-10-25","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"state:735fd194-d855-4305-8ba4-5659ac57f02d:market_status:37754","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-26T02:15:19.153Z","recordedAt":"2026-10-26T02:20:04.272Z","summary":"Token market moved from Active market to Liquidity no longer detected","before":"ACTIVE_MARKET","after":"LIQUIDITY_REMOVED","evidence":[{"id":"state:735fd194-d855-4305-8ba4-5659ac57f02d:market_status:37754","label":"HEY state record"}],"source":"hey_state","annotations":{"signalIds":["signal:91773e97-7ca1-4cc2-b4bb-c7430d695627"]},"facts":{"key":"market_status","scoringVersion":"hbm-v32"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/state%3A735fd194-d855-4305-8ba4-5659ac57f02d%3Amarket_status%3A37754","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"signal:ccce6b88-434c-4d7a-9915-1fc2c4da3bee","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-10-20T12:14:26.455Z","precision":"WINDOW","detectedAt":"2026-10-20T12:14:29.688Z","recordedAt":"2026-10-20T12:15:01.499Z","summary":"Liquidity $33K → $19K in a week","before":32835.77,"after":19201.87,"evidence":[{"id":"signal:ccce6b88-434c-4d7a-9915-1fc2c4da3bee","label":"HEY Signal"},{"id":"signal:ccce6b88-434c-4d7a-9915-1fc2c4da3bee","url":"https://heyresearch.xyz/project/denar-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 41% between 2026-10-13 and 2026-10-20, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-41.5},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Accce6b88-434c-4d7a-9915-1fc2c4da3bee","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"signal:bd77fad9-fa9b-457b-be24-a2d1df0f5acf","revision":2,"op":"retract","recordedAt":"2026-10-17T21:50:02.799Z"},{"id":"signal:1422082a-7615-436c-8730-f6f4c4dbd3ab","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-10-10T01:20:45.471Z","precision":"WINDOW","detectedAt":"2026-10-10T01:20:50.928Z","recordedAt":"2026-10-10T01:25:00.648Z","summary":"Outside pools, lockers and burns, 10 addresses now hold half of the remaining supply","before":13,"after":10,"evidence":[{"id":"signal:1422082a-7615-436c-8730-f6f4c4dbd3ab","label":"HEY Signal"},{"id":"signal:1422082a-7615-436c-8730-f6f4c4dbd3ab","url":"https://heyresearch.xyz/project/denar-markets","label":"Distribution"}],"source":"hey_signal","facts":{"kind":"concentration_rose","unit":"addresses","detail":"Down from 13. The count and the supply it is measured against both exclude pools, lockers and burn addresses."},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3A1422082a-7615-436c-8730-f6f4c4dbd3ab","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:5a78b74b-9559-48d0-b3d7-d0260e708571","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T21:11:09.563Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:5a78b74b-9559-48d0-b3d7-d0260e708571","url":"https://docs.denar.markets/protocol/onchain-markets","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T23:27:28.179Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A5a78b74b-9559-48d0-b3d7-d0260e708571","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:2a575558-e61b-415c-8a50-34605df75721","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T21:00:09.336Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:2a575558-e61b-415c-8a50-34605df75721","url":"https://docs.denar.markets/dusd/mint-and-redeem","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T23:17:47.902Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A2a575558-e61b-415c-8a50-34605df75721","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:46007a74-6d3f-4d39-98e7-05e22ac22183","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T20:21:13.664Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:46007a74-6d3f-4d39-98e7-05e22ac22183","url":"https://docs.denar.markets/dusd/staking","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T22:27:41.713Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A46007a74-6d3f-4d39-98e7-05e22ac22183","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:8a0868b2-3378-436b-bfa8-cb0eab509997","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T20:10:58.480Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:8a0868b2-3378-436b-bfa8-cb0eab509997","url":"https://docs.denar.markets/reference/contracts","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T22:27:26.708Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A8a0868b2-3378-436b-bfa8-cb0eab509997","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:8f3c76b6-9e10-4971-a937-cfcbff299e25","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T19:40:38.125Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:8f3c76b6-9e10-4971-a937-cfcbff299e25","url":"https://docs.denar.markets/protocol/governance","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T21:47:40.750Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A8f3c76b6-9e10-4971-a937-cfcbff299e25","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:076b7a03-d473-4d17-bfb5-a2a05736938a","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T19:40:33.125Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:076b7a03-d473-4d17-bfb5-a2a05736938a","url":"https://docs.denar.markets/dusd/reserve","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T21:47:45.750Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A076b7a03-d473-4d17-bfb5-a2a05736938a","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:73181628-eb4c-4789-89a7-48ba816f670c","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T03:52:09.600Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:73181628-eb4c-4789-89a7-48ba816f670c","url":"https://docs.denar.markets/use/lend-direct","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T06:40:33.005Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A73181628-eb4c-4789-89a7-48ba816f670c","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:ec4e8df2-14c0-409b-9a6f-c605fb9fbd04","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T03:51:59.599Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:ec4e8df2-14c0-409b-9a6f-c605fb9fbd04","url":"https://docs.denar.markets/use/liquidations","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T06:40:48.009Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3Aec4e8df2-14c0-409b-9a6f-c605fb9fbd04","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:534b0800-ac73-44af-b8ac-423859242822","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-08T00:13:31.421Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:534b0800-ac73-44af-b8ac-423859242822","url":"https://docs.denar.markets/dusd/overview","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T04:11:09.317Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A534b0800-ac73-44af-b8ac-423859242822","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:bd2142da-a820-49e8-b20e-a0b0ab99dc9b","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-07T23:52:30.429Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:bd2142da-a820-49e8-b20e-a0b0ab99dc9b","url":"https://docs.denar.markets/changelog","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T04:03:54.288Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3Abd2142da-a820-49e8-b20e-a0b0ab99dc9b","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:fd931d54-261d-4b48-bc2e-e9770b054d0d","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-07T22:52:39.152Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:fd931d54-261d-4b48-bc2e-e9770b054d0d","url":"https://docs.denar.markets/use/borrow","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T03:05:09.445Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3Afd931d54-261d-4b48-bc2e-e9770b054d0d","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:210e4642-47c0-4b15-b300-334cc50fef21","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-07T22:52:09.152Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:210e4642-47c0-4b15-b300-334cc50fef21","url":"https://docs.denar.markets/use/earn","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T02:50:59.193Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A210e4642-47c0-4b15-b300-334cc50fef21","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:64bb30b1-5ac3-4efb-b8c6-f8acfdbeac04","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-07T21:21:47.614Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:64bb30b1-5ac3-4efb-b8c6-f8acfdbeac04","url":"https://docs.denar.markets/faq","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T01:21:08.186Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A64bb30b1-5ac3-4efb-b8c6-f8acfdbeac04","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:43a6be3b-db43-4de1-bd23-1611943dee53","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-07T21:12:27.408Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:43a6be3b-db43-4de1-bd23-1611943dee53","url":"https://docs.denar.markets/how-denar-works","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-10-01T01:20:58.185Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A43a6be3b-db43-4de1-bd23-1611943dee53","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"sourcechange:68732d27-277f-4135-9e1e-659e6e57963b","revision":2,"op":"upsert","type":"research.source_changed","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-03T08:50:17.742Z","recordedAt":"2026-10-17T04:15:01.634Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed feed link: docs.denar.markets/sitemap.xml","evidence":[{"id":"sourcechange:68732d27-277f-4135-9e1e-659e6e57963b","url":"https://docs.denar.markets/","label":"Official site"}],"source":"official_site","facts":{"kind":"DECLARED_LINKS","added":0,"removed":1,"previousReadAt":"2026-09-27T07:26:42.062Z"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/sourcechange%3A68732d27-277f-4135-9e1e-659e6e57963b","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"source:1e6c0f10-4f01-48d4-b8f1-b66accbade06:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-01T23:09:42.156Z","recordedAt":"2026-10-01T23:11:12.796Z","summary":"Official source added: 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docs","evidence":[{"id":"source:ee93a2c8-66f1-46a6-b872-858aa5260c05","url":"https://docs.denar.markets/changelog","label":"Docs"}],"source":"website_crawl","facts":{"sourceType":"DOCS"},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/source%3Aee93a2c8-66f1-46a6-b872-858aa5260c05","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"signal:1f39d53e-65af-4fd1-a1cb-b0435a7bc19b","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-09-27T00:14:44.096Z","precision":"WINDOW","detectedAt":"2026-09-27T00:14:47.448Z","recordedAt":"2026-09-27T00:16:05.117Z","summary":"$313K traded on 2026-09-26, 16.4× a typical day","before":19071.892782,"after":312784.821713,"evidence":[{"id":"signal:1f39d53e-65af-4fd1-a1cb-b0435a7bc19b","label":"HEY 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Volume is context, never a ranking input.","changePct":1540},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3A1f39d53e-65af-4fd1-a1cb-b0435a7bc19b","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"integrity:93a172a4-62cb-4a63-97cb-0e46adb7bcf8:activity:2026-09-01","revision":3,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","origin":"live","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"token":{"chainId":4663,"address":"0x3786728a2c49c4617bf4fe5bd82b90b6b0df5508"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-24T21:29:05.992Z","recordedAt":"2026-10-16T12:15:04.049Z","summary":"Trading fell from 8,750 trades a day (the seven days to 2026-09-01) to 217 a day in the seven days to 2026-09-26, in HEY's decoded on-chain trades.","evidence":[{"id":"integrity:93a172a4-62cb-4a63-97cb-0e46adb7bcf8:activity:2026-09-01","label":"HEY market index"}],"source":"hey_market_index","facts":{"kind":"MARKET_ACTIVITY_COLLAPSE","changePct":-97.52,"confidence":"medium","peakWeekEnd":"2026-09-01","recentWeekEnd":"2026-09-26","peakTradesPerDay":8750.3,"recentTradesPerDay":217},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/integrity%3A93a172a4-62cb-4a63-97cb-0e46adb7bcf8%3Aactivity%3A2026-09-01","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"},"summaryCurrent":"Trading was 217 trades a day in the seven days to 2026-09-26, down from 8,750 a day at its peak in the seven days to 2026-09-01 (25 days earlier), in HEY's decoded on-chain trades."},{"id":"integrity:93a172a4-62cb-4a63-97cb-0e46adb7bcf8:builder_dormant_market_active","revision":2,"op":"retract","recordedAt":"2026-10-02T09:00:05.144Z"},{"id":"signal:929bccb0-b92f-4e2c-9db6-8abcc837cc66","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"bootstrap","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-09-20T01:07:41.298Z","precision":"WINDOW","detectedAt":"2026-09-20T01:07:42.993Z","recordedAt":"2026-09-26T11:36:17.991Z","summary":"Outside pools and burns, 12 addresses now hold half the supply","before":18,"after":12,"evidence":[{"id":"signal:929bccb0-b92f-4e2c-9db6-8abcc837cc66","label":"HEY Signal"},{"id":"signal:929bccb0-b92f-4e2c-9db6-8abcc837cc66","url":"https://heyresearch.xyz/project/denar-markets","label":"Distribution"}],"source":"hey_signal","facts":{"kind":"concentration_rose","unit":"addresses","detail":"Down from 18. The count and the supply it is measured against both exclude pools, lockers and burn addresses."},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3A929bccb0-b92f-4e2c-9db6-8abcc837cc66","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"signal:f08e76a5-37ab-4450-b832-d6485c1d4da0","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","origin":"bootstrap","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-09-20T00:07:54.834Z","precision":"WINDOW","detectedAt":"2026-09-20T00:07:56.864Z","recordedAt":"2026-09-26T11:36:17.991Z","summary":"$174K traded on 2026-09-19, 3.1× a typical day","before":56937.905581,"after":173871.452052,"evidence":[{"id":"signal:f08e76a5-37ab-4450-b832-d6485c1d4da0","label":"HEY Signal"},{"id":"signal:f08e76a5-37ab-4450-b832-d6485c1d4da0","url":"https://heyresearch.xyz/project/denar-markets/market#trading","label":"Trading, day by day"}],"source":"hey_signal","facts":{"kind":"volume_spike","unit":"usd/day","detail":"The week's typical day was $57K. Volume is context, never a ranking input.","changePct":205.4},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Af08e76a5-37ab-4450-b832-d6485c1d4da0","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"signal:b68606d8-59cc-4485-ad81-40612aee9195","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","origin":"bootstrap","project":{"slug":"denar-markets","name":"Denar Markets","url":"https://heyresearch.xyz/project/denar-markets"},"occurredAt":"2026-09-19T06:11:37.301Z","precision":"WINDOW","detectedAt":"2026-09-19T06:11:38.892Z","recordedAt":"2026-09-26T11:36:17.991Z","summary":"Liquidity $83K → $49K in a week","before":82576.84,"after":48616.73,"evidence":[{"id":"signal:b68606d8-59cc-4485-ad81-40612aee9195","label":"HEY Signal"},{"id":"signal:b68606d8-59cc-4485-ad81-40612aee9195","url":"https://heyresearch.xyz/project/denar-markets/market#history","label":"Liquidity, day by day"}],"source":"hey_signal","facts":{"kind":"liquidity_drop","unit":"usd","detail":"Down 41% between 2026-09-12 and 2026-09-19, as DEX Screener read the pool. A fact HEY measured, not a verdict on why.","changePct":-41.1},"links":{"project":"https://heyresearch.xyz/project/denar-markets","evidence":"https://heyresearch.xyz/api/evidence/signal%3Ab68606d8-59cc-4485-ad81-40612aee9195","timeline":"https://heyresearch.xyz/api/projects/denar-markets/timeline"}},{"id":"source:1ccc68d4-56ff-405a-8e10-ed7f04a108eb:added","revision":2,"op":"retract","recordedAt":"2026-10-12T13:39:30.124Z"},{"id":"signal:81e80e09-5ee4-4861-b400-68b33ff9cc8d","revision":2,"op":"retract","recordedAt":"2026-10-17T21:50:02.799Z"},{"id":"source:82ebdf6b-a772-4791-98cf-c0e66a43e5ab:added","revision":2,"op":"retract","recordedAt":"2026-10-02T05:12:37.519Z"},{"id":"source:453f80b6-3e41-453c-a8e8-7d40e2a120f0:added","revision":1,"op":"upsert","type":"research.source_added","domain":"research","origin":"bootstrap","project":{"slug":"denar-markets","name":"Denar 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