{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"Not measured — no builder source linked: HEY holds no repository, changelog or feed it can read, so no count here is a measured zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/arrows/timeline","freshness":"unknown","reason":"no_builder_source","answer":"Not measured — no builder source linked"},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"1 of 1 watched contract active · 170 calls in 7 days — all token transfers and approvals (ERC-20), which trading alone produces; none reached another function HEY watches.","evidence":[],"basis":"usage_reading","detailUrl":"https://heyresearch.xyz/api/projects/arrows/usage","observedAt":"2026-11-02T01:16:38.467Z","freshness":"fresh"},{"dimension":"market","label":"Market","tag":"FACT","text":"Trading inactive · FDV (fully diluted) $13.4K · liquidity $10.3K (GeckoTerminal, read yesterday) · reading 1 h old (on-chain trades).","evidence":[],"basis":"market_reading","detailUrl":"https://heyresearch.xyz/api/projects/arrows/market","observedAt":"2026-11-02T02:33:02.678Z","freshness":"fresh"},{"dimension":"contract","label":"Contracts","tag":"FACT","text":"1 contract on record for code changes, 1 with published source code; no implementation or interface change recorded.","evidence":[],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/arrows/contracts","observedAt":"2026-10-31T12:02:27.524Z","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"No builder change recorded since HEY began its change record; market and usage changes are listed under What changed.","evidence":[],"basis":"ledger_count","detailUrl":"https://heyresearch.xyz/api/changes?project=arrows","freshness":"fresh"},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"5 gaps: Building activity (no source), Repositories (no source), Releases (no source), +2 more. No repository, changelog or feed to read.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/arrows/coverage","freshness":"unknown","reason":"no_builder_source"}],"computedAt":"2026-11-02T03:56:32.059Z"},"identity":{"slug":"arrows","name":"ARROWS","symbol":"arrows","projectKind":"UTILITY","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","primaryNarrative":{"slug":"perps","name":"Perps"},"token":{"chainId":4663,"contractAddress":"0xd71b7b4e1dc16bd6938d3f235a68aa8ab1cf4f0e"},"websiteUrl":"https://arrows.finance/","officialX":{"handle":"arrowsonhood","url":"https://x.com/arrowsonhood","status":"ACTIVE","checkedAt":"2026-11-02T02:20:40.652Z","linkHeld":null,"corroboration":"mutual_site_link","corroborationCheckedAt":"2026-11-02T02:20:40.652Z","foundByHey":false},"firstRecordedByHeyAt":"2026-09-02T19:50:10.691Z","url":"https://heyresearch.xyz/project/arrows"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"market_too_thin","discoveryGapWithheld":"market_too_thin","underTheRadar":{"state":"NOT_MEASURED","reason":"market_too_thin","explainUrl":"https://heyresearch.xyz/api/projects/arrows/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false},"market":{"marketCap":{"usd":13413.500285,"source":"onchain","kind":"fdv","observedAt":"2026-11-02T02:33:02.678Z"},"liquidity":{"usd":10322.879049,"source":"geckoterminal","observedAt":"2026-11-01T22:50:38.968Z","kind":"market"},"volume24h":{"usd":0.436927,"source":"onchain","observedAt":"2026-11-02T02:33:02.678Z"},"venue":"v4-style","tokenMarket":{"status":"TRADING_INACTIVE","reason":"no_volume_24h","label":"Trading 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audit shows an audit took place; it is not a guarantee of safety.","contextOnly":true},"peerContext":{"rulesVersion":"peers-v2","state":"COMPUTED","reason":null,"computedAt":"2026-11-02T02:02:33.795Z","freshness":{"state":"CURRENT","asOf":"2026-11-02T02:02:33.795Z","staleAfterHours":36},"cohort":{"key":"perps:product","label":"Perps projects","narrative":{"slug":"perps","name":"Perps"},"family":"product"},"minimums":{"median":8,"percentile":20},"dimensions":[{"metric":"build_momentum","label":"Build Momentum","unit":"score","windowDays":null,"definition":"The published Build Momentum under the current scoring version, for researched projects whose building HEY measured. Shipping evidence only; no market figure reaches it.","state":"NOT_MEASURED","reason":"activity_not_measured","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Build Momentum: not measured for this project, so it is not compared."},{"metric":"meaningful_events_30d","label":"Counted ships · 30 d","unit":"count","windowDays":30,"definition":"Meaningful builder events in the last thirty days, counted as the project’s velocity counts them (a week of code activity is one event).","state":"NOT_MEASURED","reason":"activity_not_measured","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Counted ships · 30 d: not measured for this project, so it is not compared."},{"metric":"release_cadence_days","label":"Days between releases","unit":"days","windowDays":365,"definition":"The median number of days between release days over the last year; measured once a project has at least three release days.","state":"NOT_MEASURED","reason":"activity_not_measured","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Days between releases: not measured for this project, so it is not compared."},{"metric":"active_contracts_7d","label":"Active contracts · 7 d","unit":"count","windowDays":7,"definition":"Watched contracts that took at least one call over the last seven complete days, for projects whose usage is measured on every one of those days.","state":"MEASURED","reason":"measured","value":1,"cohortSize":5,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"cohort_below_percentile_minimum","comparison":null,"line":"Active contracts · 7 d: not compared — not enough comparable projects (5 measured Perps projects; 8 needed)."},{"metric":"contract_calls_7d","label":"Own-function calls · 7 d","unit":"count","windowDays":7,"definition":"Calls to the own functions of the project’s watched contracts over the last seven complete days — ERC-20 transfers, approvals and other token-standard calls, which trading alone produces, are left out — for projects whose usage is measured on every one of those days.","state":"MEASURED","reason":"measured","value":0,"cohortSize":5,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"cohort_below_percentile_minimum","comparison":null,"line":"Own-function calls · 7 d: not compared — not enough comparable projects (5 measured Perps projects; 8 needed)."},{"metric":"protocol_tvl_usd","label":"Protocol TVL","unit":"usd","windowDays":1,"definition":"DefiLlama’s TVL on Robinhood Chain for the one protocol the project is matched to, on the registry’s newest day. A project matched to several protocols is not compared.","state":"NOT_MEASURED","reason":"no_protocol_matched","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Protocol TVL: not measured for this project, so it is not compared."},{"metric":"protocol_fees_24h_usd","label":"Protocol fees · 24 h","unit":"usd","windowDays":1,"definition":"DefiLlama’s fees over 24 hours for the one protocol the project is matched to, on the newest economics day, where DefiLlama tracks them.","state":"NOT_MEASURED","reason":"no_protocol_matched","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Protocol fees · 24 h: not measured for this project, so it is not compared."},{"metric":"protocol_revenue_24h_usd","label":"Protocol revenue · 24 h","unit":"usd","windowDays":1,"definition":"DefiLlama’s revenue over 24 hours for the one protocol the project is matched to, on the newest economics day, where DefiLlama tracks it.","state":"NOT_MEASURED","reason":"no_protocol_matched","value":null,"cohortSize":0,"median":null,"range":null,"statsReason":"not_enough_comparable_projects","percentile":null,"percentileReason":"not_measured","comparison":null,"line":"Protocol revenue · 24 h: not measured for this project, so it is not compared."}],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/arrows/contracts"},"verification":{"token":{"status":"UNVERIFIED","reason":"launchpad_record_site_silent"},"ownerVerified":false,"submitted":false,"sources":{"total":3,"own":1,"verified":0,"contextOnly":2}},"locks":{"coverage":{"state":"MEASURED","asOf":"2026-11-02T00:37:33.098Z","reason":"hoodlock_only_none_found"}},"integrity":{"state":"MEASURED","reason":"published"},"latestChanges":{"available":true,"items":[{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:41744","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-01T23:07:31.769Z","recordedAt":"2026-11-01T23:10:02.349Z","summary":"Token market moved from Active market to Trading inactive","evidence":[{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:41744","label":"HEY state record"}],"source":"hey_state"},{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:38208","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-27T01:16:36.055Z","recordedAt":"2026-10-27T01:20:01.159Z","summary":"Token market moved from Trading inactive to Active market","evidence":[{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:38208","label":"HEY state record"}],"source":"hey_state"},{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:37586","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-25T16:12:43.739Z","recordedAt":"2026-10-25T16:15:03.777Z","summary":"Token market moved from Active market to Trading inactive","evidence":[{"id":"state:35d5ccc7-db99-4f74-93a3-7db8d7c84d10:market_status:37586","label":"HEY state record"}],"source":"hey_state"},{"id":"signal:40d8d02b-2d7c-4fce-b246-81c0e63d057a","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","occurredAt":"2026-10-09T00:15:14.757Z","precision":"WINDOW","detectedAt":"2026-10-09T00:15:18.449Z","recordedAt":"2026-10-09T00:15:21.930Z","summary":"Liquidity $28K → $14K in a week","evidence":[{"id":"signal:40d8d02b-2d7c-4fce-b246-81c0e63d057a","label":"HEY Signal"},{"id":"signal:40d8d02b-2d7c-4fce-b246-81c0e63d057a","label":"Liquidity, day by day","url":"https://heyresearch.xyz/project/arrows/market#history"}],"source":"hey_signal"},{"id":"integrity:29f61be6-5b02-4c76-95c3-57cc46bc9544:activity:2026-08-17","revision":3,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-28T00:24:29.423Z","recordedAt":"2026-10-16T11:25:04.352Z","summary":"Trading fell from 1,695 trades a day (the seven days to 2026-08-17) to 128 a day in the seven days to 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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."}